Melanie's Feed
Aug 1, 2011

Alibaba.com shares up after parent’s Alipay deal with SoftBank, Yahoo

HONG KONG/SHANGHAI (Reuters) – Shares of Alibaba.com Ltd rose to a two-week high on Monday after its parent, Chinese e-commerce firm Alibaba Group, forged a complex deal with SoftBank Corp and Yahoo Inc 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 1.39 percent gain.

Jul 25, 2011

Chinese city orders two fake Apple Stores to close

KUNMING, China (Reuters) – Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.

Five self-branded “Apple Stores” were found to be selling Apple products without authorisation from the California-based company but only two were told to shut, officials said.

Jul 25, 2011

Chinese city orders closures of two fake Apple shops

KUNMING, China (Reuters) – Chinese officials in Kunming ordered two fake Apple shops to close, a local newspaper reported on Monday, an apparent reaction to a storm of media attention about an unauthorised and elaborate hoax store in the southwestern city.

A total of five self-branded “Apple Stores” were found to be operating without authorisation from Apple Inc according to the Metropolitan Times report, posted on the Kunming government website.

Jul 25, 2011

Chinese city orders two fake Apple shops to close: report

KUNMING, China (Reuters) – Chinese officials in Kunming ordered two fake Apple shops to close, a local newspaper reported on Monday, an apparent reaction to a storm of media attention about an unauthorized and elaborate hoax store in the southwestern city.

A total of five self-branded “Apple Stores” were found to be operating without authorization from Apple Inc according to the Metropolitan Times report, posted on the Kunming government website.

Jul 22, 2011

Customers angry, staff defiant at China’s fake Apple Store

KUNMING, China (Reuters) – Customers at an Apple Store in the Chinese city of Kunming berated staff and demanded refunds on Friday after the shop was revealed to be an elaborate fake, sparking a media and Internet frenzy.

Long a target of counterfeiters and unauthorized resellers, Apple Inc was alerted to the near flawless fake shop by an American blogger living in the southwestern city, more than 1,000 miles from the nearest genuine Apple stores in Beijing and Shanghai.

Jul 21, 2011

Fake Apple Store even fools staff

SHANGHAI (Reuters) – Chinese counterfeiters have had a field-day pumping out knockoffs of Apple Inc’s best-selling iPhones and iPads but one appears to have gone a step further — a near flawless fake Apple Store that even employees believe is the real deal.

The store in Kunming was stumbled upon by a 27-year-old American blogger living in the city, the capital of China’s mountainous southwestern Yunnan province.

Jul 21, 2011

Fake Apple Store in China even fools staff

SHANGHAI (Reuters) – Chinese counterfeiters have had a field-day pumping out knockoffs of Apple Inc’s best-selling iPhones and iPads but one appears to have gone a step further — a near flawless fake Apple Store that even employees believe is the real deal.

The store in Kunming was stumbled upon by a 27-year-old American blogger living in the city, the capital of China’s mountainous southwestern Yunnan province.

Jul 21, 2011

Chinese Web firms postpone U.S. IPOs, cite weak market

SHANGHAI, July 21 (Reuters) – Two Chinese Internet firms
have postponed their U.S. fundraising plans as investor appetite
for risk waned after a series of accounting scandals tarnished
the reputation of overseas listed Chinese stocks.

Chinese online video firm Xunlei said on Thursday it had
decided to postpone its initial public offering on the Nasdaq,
which had been set raise up to $114 million, due to stock market
conditions.

Jul 19, 2011

Baidu in landmark pact with record labels, ends legal

SHANGHAI (Reuters) – Baidu Inc, China’s largest search engine, has signed an agreement with top music studios to distribute licensed songs through its mp3 search service, ending years of legal dispute over charges that the company abetted piracy.

Baidu signed the deal with One-Stop China, a joint venture by Universal Music, Warner Music and Sony Music, for its catalogues and new releases that can be streamed or downloaded from Baidu’s servers. Baidu also launched, Ting, a social music platform.

Jul 19, 2011

China’s Baidu signs music deal with studios, ends legal wrangle

SHANGHAI (Reuters) – Baidu, China’s largest search engine, signed an agreement with a joint venture owned by Universal Music, Warner Music and Sony Music to distribute songs through its mp3 search service, ending years of legal wrangling over charges that Baidu abetted piracy.

Baidu signed the deal with One-Stop China for its music catalogues and new releases that can be streamed or downloaded from Baidu’s servers. Baidu also launched, Ting, a social music platform.