SHANGHAI, July 4 (Reuters) – Baidu , which has
three-quarters of China’s search market, signed a deal with
Microsoft’s Bing to offer English-language search to
Baidu users, as it eyes an overseas expansion and Microsoft aims
to increase its presence in the world’s largest Internet market.
Baidu dominates China’s search-engine market after Google
Inc pulled out last year following a high-profile
fallout with Beijing over censorship.
SHANGHAI (Reuters) – Baidu, which has three-quarters of China’s search market, signed a deal with Microsoft’s Bing to offer English-language search to Baidu users, as it eyes an overseas expansion and Microsoft aims to increase its presence in the world’s largest Internet market.
Baidu dominates China’s search-engine market after Google Inc pulled out last year following a high-profile fallout with Beijing over censorship.
SHANGHAI, June 30 (Reuters) – China’s Semiconductor
Manufacturing International Corp may be in for
a top management shakeup after shareholders voted against
re-electing its chief executive to its board and the death of
its chairman this week.
SMIC, China’s biggest contract chipmaker, said 58.2 percent
of the shareholders voted against re-electing its Chief
Executive David Wang to the board at a meeting on Wednesday.
SHANGHAI, June 23 (Reuters) – U.S.-listed Chinese Internet
stocks are trading at lofty valuations even after a slump in
share prices on concerns over accounting scandals, and face an
uncertain business outlook.
The accounting irregularities have drawn attention from
regulators and brokers and some of the auditors involved are
facing legal action. Trading in several Chinese companies has
been halted on U.S. and Canadian exchanges, some for months, as
company and exchange officials investigate suspicions of
SHANGHAI (Reuters) – The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland’s “So-Lo-Mo” and luxury e-commerce sectors.
PE and VC firms are still betting on firms in So-Lo-Mo, shorthand for the social, mobile and location-based services, including Digu.cn and UCWeb, because of the impending cheap tablet and smartphone boom in China.
SHANGHAI, June 16 (Reuters) – Alibaba Group said on Thursday
it has reorganised Taobao, China’s largest e-commerce website,
into three separate companies, squashing any chance of a Taobao
The move to split Taobao comes as Alibaba Group founder Jack
Ma grapples with its major shareholders, Yahoo Inc and
Japan’s Softbank , over ownership of Alipay, another of
the group’s crown jewels.
SHANGHAI (Reuters) – Hackers who broke into Google’s Gmail system had access to some accounts for many months and could have been planning a more serious attack, said the cyber-security expert who first publicly revealed the incident.
Google said suspected Chinese hackers tried to steal the passwords of hundreds of Gmail account holders, including those of senior U.S. government officials, Chinese activists and journalists.
SHANGHAI (Reuters) – Coca-Cola Co (KO.N: Quote, Profile, Research, Stock Buzz), the world’s largest soft-drink company, has made its first “billion dollar brand” from an emerging market , the company said on Tuesday, highlighting a strategy for growth with sales flattening in developed markets.
Minute Maid Pulpy, a juice drink dense with pulp, joins Coke’s lineup of 13 other brands that have achieved sales of at least $1 billion, which include Coke Zero and Diet Coke.
SHANGHAI, June 1 (Reuters) – Chinese game operator Shanda
Games (GAME.O: Quote, Profile, Research, Stock Buzz) is in acquisition talks with some social and
mobile gaming firms in the United States and Asia, its chief
executive said on Wednesday.
Shanda Games, which reported market-topping first-quarter
results on Tuesday [ID:nL3E7GV3IT] and operates online games
such as “Mir 2″ and “Woool” in China, is seeking to expand its
overseas footprint and make a concerted push into social and
SHANGHAI (Reuters) – In a country where being connected is seen as crucial, Ushi, China’s answer to LinkedIn, expects explosive growth over the next few years in the world’s largest Internet market.
The professional-social networking site plans to have 10 million users in two years from the current 300,000, and aims to raise $5 million by the end of June, Dominic Penaloza told Reuters in an interview on Monday.