Melanie's Feed
Feb 8, 2012

Analysis: More than just Great Firewall awaits Facebook in China

SHANGHAI (Reuters) – When it comes to China, Facebook should consider itself forewarned. Cracking the world’s biggest internet population might seem an obvious ambition for the social networking giant as it trumpets its global growth before a $5 billion initial public offering, but the chances it will succeed look slim.

Facebook said last week it was contemplating re-entering China, the world’s second biggest economy, after being blocked nearly three years ago.

Feb 8, 2012

More than just Great Firewall awaits Facebook in China

SHANGHAI, Feb 8 (Reuters) – When it comes to China,
Facebook should consider itself forewarned. Cracking the world’s
biggest internet population might seem an obvious ambition for
the social networking giant as it trumpets its global growth
before a $5 billion initial public offering, but the chances it
will succeed look slim.

Facebook said last week it was contemplating re-entering
China, the world’s second biggest economy, after being blocked
nearly three years ago.

Feb 7, 2012

Walmart names ex-Woolworths veteran as new China CEO

SHANGHAI/HONG KONG, Feb 7 (Reuters) – Wal-Mart Stores
Inc named company executive Greg Foran as the president
and chief executive of Walmart China, capping a series
of leadership changes at the China unit that has been tainted by
food scandals.

Foran, who joined Walmart in October after a long career
with Australian retailing group Woolworths, was chosen
to replace Ed Chan, who stepped down last year after a pork
mislabelling scandal that forced the company to temporarily shut
a dozen stores in central China.

Jan 20, 2012

Carlsberg seeks auditors for China’s Chongqing Brewery

SHANGHAI, Jan 20 (Reuters) – Danish brewer Carlsberg
A/S is seeking to have independent accountants to
audit Chongqing Brewery, in the latest shareholder
action against the Chinese company hit by slumping share prices
and accusations of mismanagement.

China’s third-largest brewer by market capitalisation, which
is nearly 30 percent owned by Carlsberg, has been under fire as
its share prices tumbled 70 percent during the past two months,
wiping out nearly 30 billion yuan ($4.8 billion) in value.

Jan 19, 2012

China’s challenge to the iPad raises a red flag

SHANGHAI (Reuters) – China Communist Party members can now carry a tablet PC to verify identification cards, read the blogs of cadres and manage state-owned firms without fretting that using a bourgeois Apple Inc iPad will ruin their street cred.

Enter RedPad Number One, an Android-based tablet computer filled with software applications (apps) catered to a party official’s every need for control. Delivered in a decadent leather case for 9,999 yuan ($1,600), it is twice the price of Apple’s most expensive iPad 2.

Jan 12, 2012

Tencent has no plans for QQ real-name system – paper

SHANGHAI, Jan 12 (Reuters) – Tencent Holdings Ltd
, China’s largest Internet company by revenue, has no
plans to implement a real-name registration system for its QQ
instant messaging product because of privacy concerns, the
Southern Daily newspaper reported on Thursday, quoting the
company’s chief executive.

At the Municipal People’s Congress in Nanshan District in
the southern city of Shenzhen on Wednesday, Pony Ma said Tencent
had considered implementing a real-name system for QQ, but had
decided that the question of real-name registrations, privacy
and security were mutually contradictory.

Dec 22, 2011

Spring is over: China’s e-commerce winter sets in

DONGFENG VILLAGE, China (Reuters) – It was a Cinderella story: a pig-rearing and vegetable-growing hamlet in China’s eastern Jiangsu province that transformed itself into a village boasting millionaires and expensive cars, all through plywood, ingenuity and the Internet.

In 2007 Sun Han, the 30-year-old de facto e-commerce chief in Dongfeng Village, fell in love with the designs of Swedish furniture giant Ikea and decided to make similar furniture of his own to sell on the Internet.

Dec 12, 2011

Shanghai target Drogba after signing Anelka

SHANGHAI (Reuters) – The ink is barely dry on Nicolas Anelka’s groundbreaking contract with Shanghai Shenhua but already the Chinese Super League club is working to pull off another major transfer coup by signing his Chelsea team mate Didier Drogba.

Shanghai Director Zhou Jun told Reuters in an interview on Monday his club had already spoken to Drogba and were ready to continue their lavish spending if the Ivory Coast international was prepared to switch west London for the Far East.

Dec 12, 2011

Soccer-Shanghai target Drogba after signing Anelka

SHANGHAI, Dec 12 (Reuters) – The ink is barely dry on
Nicolas Anelka’s groundbreaking contract with Shanghai Shenhua
but already the Chinese Super League club is working to pull off
another major transfer coup by signing his Chelsea team mate
Didier Drogba.

Shanghai Director Zhou Jun told Reuters in an interview on
Monday his club had already spoken to Drogba and were ready to
continue their lavish spending if the Ivory Coast international
was prepared to switch west London for the Far East.

Dec 1, 2011

The party is over for China’s group-buying websites

SHANGHAI, Dec 1 (Reuters) – Faced with accusations of
selling fake goods and competition from thousands of copycats,
China’s frenetic group-buying sector is sobering up, with dozens
of websites reportedly shut and venture capital shunning the
industry.

Group-buying websites provide daily deals to consumers by
offering discounts on goods and services at rates that are
pre-negotiated with vendors.