Melanie's Feed
Aug 8, 2011

‘Desperate Housewives’ heads to China as Hollywood signs deals

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.

Aug 8, 2011

Analysis: “Housewives” heads to China as Hollywood inks deals

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.

Aug 6, 2011

China tells US “good old days” of borrowing are over

NEW YORK/SHANGHAI, Aug 6 (Reuters) – China bluntly
criticised the United States on Saturday one day after the
superpower’s credit rating was downgraded, saying the “good old
days” of borrowing were over.

Standard & Poor’s cut the U.S. long-term credit rating from
top-tier AAA by a notch to AA-plus on Friday over concerns about
the nation’s budget deficits and climbing debt burden.

Aug 6, 2011

China flays U.S. over credit rating downgrade

NEW YORK/SHANGHAI (Reuters) – The United States lost its top-tier AAA credit rating from Standard & Poor’s, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors’ alarm over the euro zone’s debt crisis.

China said Washington only had itself to blame and called for a new stable global reserve currency.

Aug 3, 2011

China taxi drivers strike for third day, some return to work

HANGZHOU, China (Reuters) – A strike by Chinese cab drivers in the eastern tourist city of Hangzhou stretched into a third day on Wednesday, in the latest unrest highlighting frustration among migrant workers struggling with rising costs and burdensome fees.

More than 100 drivers, mostly from central Henan province, and their families, gathered under a bridge in the suburbs of the scenic city about 190 km (120 miles) southwest of Shanghai, demanding higher wages.

Aug 2, 2011

China taxi drivers strike, dismiss pledges to boost fares

HANGZHOU, China, Aug 2 (Reuters) – Striking cab drivers in
Hangzhou denouncing rising fuel prices and demanding the
government make good on pledges to raise fares abandoned their
vehicles for a second day on Tuesday, and planned street
protests despite a heavy police presence.

Hundreds of idle cabs lined the roads in a outlying
residential area of the city in eastern Zhejiang province where
many of the drivers live.

Aug 1, 2011
via MediaFile

A Chinese consumer’s unfortunate encounter with a fake Apple store

On a recent reporting trip to the Chinese city of Kunming to scout out fake Apple stores, I met Wang, a 23-year-old woman who was furious at one particular retailer. As I interviewed her, Wang was nearly in tears as she recounted how she had spent a few months salary at a fake Apple store buying products she now doubts are real.

Wang’s experience is part of a bigger problem foreign brands face in the city, which are racing to reach the millions of potential customers in China’s burgeoning middle class.

Aug 1, 2011

Alibaba.com shares up after parent’s Alipay deal

HONG KONG/SHANGHAI (Reuters) – Shares of Alibaba.com Ltd (1688.HK: Quote, Profile, Research, Stock Buzz) rose to a two-week high on Monday after its parent, Chinese e-commerce firm Alibaba Group, forged a complex deal with SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) and Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz) over mobile payments unit Alipay.

Alibaba.com, the only listed unit of Alibaba Group, rose as much as 7.37 percent to a two-week high of HK$11.66, outperforming the Hang Seng Index’s .HSI 1.39 percent gain.

Aug 1, 2011

Chinese retailers hijack the Ikea experience

KUNMING, China (Reuters) – Nestled in a sleepy southern district of Kunming city in southwest China, is a 10,000 square meter, four-storey building that could make Swedish furniture giant Ikea uneasy.

11 Furniture, as the store is known, copies Ikea’s blue and yellow color scheme, mock-up rooms, miniature pencils, signage and even its rocking chair designs. Its cafeteria-style restaurant, complete with minimalist wooden tables, has a familiar look, although the menu features Chinese-style braised minced pork and eggs instead of Ikea’s Swedish meatballs and salmon.

Aug 1, 2011

Chinese retailers hijack the Ikea experience in fast-growing west

KUNMING, China, Aug 1 (Reuters) – Nestled in a sleepy
southern district of Kunming city in southwest China, is a
10,000 square metre, four-storey building that could make
Swedish furniture giant Ikea uneasy.

11 Furniture, as the store is known, copies Ikea’s blue and
yellow colour scheme, mock-up rooms, miniature pencils, signage
and even its rocking chair designs. Its cafeteria-style
restaurant, complete with minimalist wooden tables, has a
familiar look, although the menu features Chinese-style braised
minced pork and eggs instead of Ikea’s Swedish meatballs and
salmon.