Melanie's Feed
Jun 2, 2011

Coke adds billion dollar brand from China to portfolio

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.

Jun 1, 2011

Shanda Games in acquisition talks with social, mobile game firms

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
mobile gaming.

May 30, 2011

China’s LinkedIn plots local recipe for growth

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.

May 19, 2011

U.S. watchdog sees cross-border audit deal with China this year

SHANGHAI (Reuters) – The U.S. audit watchdog expects an agreement with China later this year that will allow greater transparency of Chinese companies listed in the United States, its chairman told Reuters on Thursday.

Worries over accounting practices of some Chinese firms has been mounting among U.S. investors and has been cited as a reason for a plunge in shares of Chinese social networking site Renren following its initial public offering earlier this month.

May 19, 2011

U.S. watchdog sees cross-border audit agreement with China this year

SHANGHAI, May 19 (Reuters) – The U.S. audit watchdog expects
an agreement with China later this year that will allow greater
transparency of Chinese companies listed in the United States,
its chairman told Reuters on Thursday.

Worries over accounting practices of some Chinese firms has
been mounting among U.S. investors and has been cited as a
reason for a plunge in shares of Chinese social networking site
Renren following its initial public offering earlier
this month.

May 18, 2011

Yuan to someday play major role as reserve currency

SHANGHAI (Reuters) – China’s yuan will one day play a major role as a global reserve currency, although the U.S. dollar will remain an important currency, European Council President Herman Van Rompuy said on Wednesday.

“We live in a multi-polar world and a multi-currency world more and more, and that’s the case for the rise of the euro as a reserve currency. The dollar stays as an important currency,” Van Rompuy said during a visit to a Shanghai business school.

May 18, 2011

Yuan to someday play major role as reserve currency -Van Rompuy

SHANGHAI, May 18 (Reuters) – China’s yuan will one day play
a major role as a global reserve currency, although the U.S.
dollar will remain an important currency, European Council
President Herman Van Rompuy said on Wednesday.

“We live in a multi-polar world and a multi-currency world
more and more, and that’s the case for the rise of the euro as a
reserve currency. The dollar stays as an important currency,”
Van Rompuy said during a visit to a Shanghai business school.

May 18, 2011

PopCap Games ready to be listed as early as Nov – CEO

SHANGHAI, May 18 (Reuters) – PopCap Games Inc, the maker of
popular smartphone and Facebook games “Bejeweled” and “Plants vs
Zombies”, could list as early as November, it chief executive
David Roberts said on Wednesday.

“We are very much in the process of preparing a listing. We
expect to be ready to be listed as early as November this year,”
Roberts told reporters at a news conference.

May 17, 2011

Status in a bottle, whisky takes off in China

LONDON/SHANGHAI (Reuters) – Darren Hosie knows all the best bars on Shanghai’s historic Bund.

There’s the Bar Rouge with its flaming drinks, house music and turbocharged hedonism; M on the Bund which channels 1930s sophistication; and Lounge 18 whose expensive wood panelling and wall to ceiling glass windows exude a more modern glamour.

May 16, 2011

Yahoo faces tough ride to iron out differences with Alibaba

SHANGHAI, May 16 (Reuters) – Yahoo Inc and Alibaba
Group will find it difficult to resolve their feud over the
Chinese company’s transfer of a major Internet asset, raising
questions over how long its troubled marriage would last.

Yahoo shares have fallen 11 percent since Tuesday
when the U.S. Internet company said Alibaba had restructured
Alipay, an online e-commerce payment system similar to eBay
Inc’s PayPal, to Alibaba Chief Executive Officer Jack
Ma.