CHINA

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Ebay Changes Strategy in China

Online auction firm eBay Inc. (NASDAQ: EBAY) is shutting down its main Chinese web site and is launching a joint venture with a local partner, marking a strategic shift as the U.S. company tries to penetrate China's market.

Cisco Gets $50M Stake in Chinese Telecom

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Cisco Systems announced that it has made an investment of US$50 million in China Communications Services Corporation Limited (CCS), on Thursday, making the firm the largest foreign investor in the Chinese telecom company.
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Smartphone Preferences Vary by Region

Smartphone sales over the next few years will be driven by emerging applications a new study finds, with different world regions seeking different mobile functionality.
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IBM Moves Global Procurement HQ to China

IBM, provider of information technology services and products, announced on Thursday that it will relocate its global procurement headquarters to Shenzhen, China, expanding on the company's initiative to become more efficient.
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Woman Tops List of Richest People in China

Zhang Yin, 49, the woman who founded Nine Dragons Paper Industries Co., Ltd., was named the richest person in the Chinese mainland with a worth of 27 billion Yuan ($3.4 billion), according to the Huran Report. It was the first time a woman had made it to the top of the list since it began keeping track in 1999.
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Yahoo to Create Digital Time-Capsule

Internet search giant Yahoo Inc. is creating an electronic time-capsule - comprising electronic data submitted from internet users - which the company will use to commemorate the year of 2006.
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Remote Workers Engage in Risky Online Behavior

Most employees working away from the office say they are aware of security risks surrounding them and their data, however a new report released on Monday indicates they still engage in risky online behavior.
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WTO Urges Further Reforms in Kyrgyzstan

The Kyrgyz Republic has made impressive progress since its economic and political transition to a market-based economy, but some continued reform remains important, the WTO Secretariat reported on Monday.
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London Cabs to be Made in China

Manganese Bronze Holdings Plc today announced that it had signed Heads of Terms with Zhejiang Geely Holding Group CO. Ltd, the Chinese car manufacturer.
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FTSE edges up as Tate soars

The FTSE edged up on Wednesday, led by sugar and sweetener maker Tate & Lyle and banking consolidation talk, but miners and oils limited gains as some commodity prices fell.
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Warrants deal booming in Hong Kong

The bargain amount of warrants in past nine months this year has reached to HK$1,191.3 billion, surging 94.7% than that in same period last year......
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SGX challenges HKex with PPCI

Singapore Exchange Limited (SGX), Asia-Pacific's first demutualised and integrated securities and derivatives exchange, will introduce the first China shares index
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Morgan Stanley buys Nantong Bank

US investment bank Morgan Stanley announced yestoday it has acquired the Zhuhai Nantong Bank owned by Macau branch of Bank of China.
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Jinjiang Internatinal to list in HK

Shanghai Jinjiang International Hotel Management Co. Ltd, primarily proposing a listing hearing in Hong Kong Stock Exchange and Clearing (HKex) this week......
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Morgan Stanley Buys Bank to Gain China Access

Morgan Stanley said on Monday it has acquired China's Nan Tung Bank, a deal that would give the Wall Street giant a coveted onshore commercial banking license in China ahead of U.S. investment bank rivals. The deal allows Morgan Stanley to apply immediately to offer yuan-denominated products.

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