Melanie's Feed
Aug 25, 2011

Apple fans pay tribute to “industry icon” Jobs

SAN FRANCISCO/SHANGHAI (Reuters)- From San Francisco to Seoul to Sydney, fans of Apple Inc paid tribute to Steve Jobs after he resigned as CEO, calling him an icon for the entire technology industry, not just the company he co-founded.

The extraordinary outpouring on blogs and Twitter began minutes after Jobs, who has been on medical leave since January, announced he would leave the chief executive’s post but carry on as chairman of Apple.

Aug 25, 2011

Chinese state media shows military cyber hacking clip

SHANGHAI (Reuters) – A six-second clip on Chinese state television has provided a rare glimpse into purported cyber hacking attacks launched by the country’s military, despite long-standing official denials that the government engages in such activity.

In an episode titled “The Internet storm is here,” CCTV-7, China’s official military channel, had experts discussing the different methods of cyberattacks and U.S. cyber operations. (here)

Aug 18, 2011

State criticism of China’s Baidu may mask competition issues

SHANGHAI, Aug 18 (Reuters) – Increasing scrutiny into
China’s top search engine company Baidu by state media
is highlighting the fierce competition developing between
traditional and new media over lucrative advertising dollars.

The barrage of criticisms could also signal Beijing’s
intention to toughen its anti-monopoly stance against Baidu and
tighten regulations in the Internet sector as a means to enforce
its official line, analysts said on Thursday.

Aug 12, 2011

Insight: China’s microbloggers rattle the censor’s cage

BEIJING/SHANGHAI (Reuters) – When Chinese journalist Wang Keqin found himself cornered in the countryside two years ago by police who were trying to stop him looking into a rape case involving local officials, he looked online for help.

Wang, one of China’s most dogged investigative journalists, and his colleagues called a friend who posted constant updates about their stand-off with encroaching police to a Twitter-like microblog site. Authorities in Badong County, central China, were soon flooded with phone calls from citizens warning them not to detain or hurt him.

Aug 12, 2011

China’s microbloggers rattle the censor’s cage

BEIJING/SHANGHAI, Aug 12 (Reuters) – When Chinese journalist
Wang Keqin found himself cornered in the countryside two years
ago by police who were trying to stop him looking into a rape
case involving local officials, he looked online for help.

Wang, one of China’s most dogged investigative journalists,
and his colleagues called a friend who posted constant updates
about their stand-off with encroaching police to a Twitter-like
microblog site. Authorities in Badong County, central China,
were soon flooded with phone calls from citizens warning them
not to detain or hurt him.

Aug 11, 2011

Alibaba Q2 net up, sees global econ threat to H2

SHANGHAI/HONG KONG (Reuters) – Alibaba.com (1688.HK: Quote, Profile, Research, Stock Buzz), China’s largest e-commerce firm, beat forecasts with a 29 percent rise in quarterly net profit, its smallest rise in about 1-1/2 years, and warned that the adverse global economic outlook could hit its second half.

Alibaba.com, the listed unit of Alibaba Group, which is 40 percent owned by Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz), operates an e-commerce website that links Chinese small businesses looking to sell their goods to overseas buyers, which makes its turnover sensitive to the performance of the world’s major economies such as the United States and Europe, which are struggling with crippling debt crises.

Aug 10, 2011

Tencent warns of more margin pressure as costs build

SHANGHAI, Aug 10 (Reuters) – Tencent Holdings Ltd ,
China’s largest Internet company, lifted profit at its slowest
rate in nearly four years and faced growing pressure on margins
from expansion and acquisition costs.

Tencent, which operates online games such as Dungeon &
Fighter and Crossfire, undershot forecasts in the second
quarter, usually a weak period as millions of school children
focus on school examinations.

Aug 9, 2011

China’s ZTE targets Apple, Samsung, eyes U.S. prize

SHANGHAI (Reuters) – China’s ZTE Corp has Apple Inc and Samsung Electronics in its crosshairs as it targets rapid expansion in the U.S. smartphone market.

ZTE, China’s second-largest telcom equipment maker, is confident of beating its 2011 target of shipping 80 million mobile devices and its looking to make the United States its top market in three to five years, an executive said on Tuesday.

Aug 9, 2011

China’s ZTE Corp says ships 35 million handsets in H1

SHANGHAI, Aug 9 (Reuters) – China’s second-largest telecom
equipment maker ZTE Corp said on Tuesday
it shipped 60 million terminal devices, including 35 million
handsets, in the first half of the year.

That represented a 30 percent increase in terminal products
shipped from the same period a year ago. ZTE said in a statement
it also saw a 400 percent increase in smart phone sales to five
million units and 300 percent U.S. market growth.

Aug 8, 2011

“Desperate Housewives” streaming to China

SHANGHAI (Reuters) – Hollywood studios are set to break into China’s massive Internet market as domestic video sites scramble to screen U.S. movies and dramas on their digital platforms, a move which could also curb rampant piracy.

China’s Youku’s and Sohu’s online video platforms have already cut deals with Disney and CBS Corporation to stream U.S. drama serials such as “Desperate Housewives,” “Grey’s Anatomy” and “Gossip Girl,” and more such deals are expected.