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.
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.
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.
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.
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.
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
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.
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
Group-buying websites provide daily deals to consumers by
offering discounts on goods and services at rates that are
pre-negotiated with vendors.
YISHUI, China (Reuters) – A Chinese tourism company listed in the United States wants investors to pour their money down a dark hole. Literally.
China’s “Underground Grand Canyon”, about an hour’s drive outside the smoggy city of Linyi in the eastern province of Shandong, promises visitors 3 km (2 miles) of grand stalactites, multicolored lights and an exciting luge ride.
SHANGHAI, Nov 30 (Reuters) – Shares of Jiangsu Phoenix
Publishing & Media Corp Ltd surged 38 percent on its
Shanghai debut on Wednesday on pent up investor demand for new
Jiangsu Phoenix, one of the country’s biggest publishers,
raised 4.48 billion yuan ($705 million) through its initial
public offering, much more than it had initially planned.
SHANGHAI (Reuters) – Alibaba.com, China’s largest e-commerce firm, posted an 11.9 percent rise in quarterly net profit, its slowest growth in nearly two years, with the company raising concerns due to a weak trade outlook stemming from debt woes in Europe and the United States.
The third-quarter results missed analyst forecasts and were attributed to a weak macroeconomic climate that led to a slower pace of customer additions.