Melanie's Feed
Apr 2, 2013

Sorry Apple gets respect in China after tabloid trial

SHANGHAI (Reuters) – With its rare apology, Apple Inc went from pariah to praiseworthy in the eyes of China’s state-controlled media, a lesson for other foreign firms not to underestimate the speed and power of the government press.

After coming under near-daily media assault for the past two weeks and facing the threat of penalties from two Chinese government bureaus, Apple apologized to Chinese consumers on Monday for poor communication over its warranty policy and said it will change the terms for some of its iPhones sold in China.

Mar 27, 2013

Popularity helps buffer Apple from Chinese state-media attacks

SHANGHAI (Reuters) – Chinese Internet users are crying foul over the perceived unfair treatment doled out to Apple Inc by state-run media which has actively criticized the smartphone maker for the past two weeks over its warranty policy.

Apple and Volkswagen AG were singled out on March 15 by state-run China Central Television in its annual corporate malpractice expose. CCTV accused Apple of having discriminatory after-sales service in China compared to the rest of the world.

Mar 27, 2013

Vera Wang scraps $500 China try-on fee, knockoffs still flourish

SHANGHAI, March 27 (Reuters) – Vera Wang, the queen of
bridal couture, is abolishing the nearly $500 fee she charged
Chinese brides-to-be to try on a garment at her new Shanghai
bridal boutique after the move, meant to deter counterfeiters,
set off a global outcry.

Local and global media had criticised the surcharge as being
discriminatory because it was applied only in China, at the
company’s Shanghai store, which staged a “soft opening” in
January as the company’s first bridal salon in the country, a
vast potential market as the numbers of wealthy grow.

Mar 26, 2013

China’s Guangdong property crackdown could signal others

BEIJING/SHANGHAI (Reuters) – A plan by southern China’s Guangdong province, the first in the country to implement strict property cooling measures as directed this month by the central government, may signal at least 24 other cities could be next in line for a crackdown.

Two of the four cities singled out by the provincial administration late on Monday – Guangzhou and Shenzhen – feature right at the top of the list of 70 cities that have seen some of the sharpest home price spikes so far this year, according to Reuters calculations of official home price data.

Mar 24, 2013

Top China college in focus with ties to army’s cyber-spying unit

SHANGHAI, March 24 (Reuters) – Faculty members at a top
Chinese university have collaborated for years on technical
research papers with a People’s Liberation Army (PLA) unit
accused of being at the heart of China’s alleged cyber-war
against Western commercial targets.

Several papers on computer network security and intrusion
detection, easily accessed on the Internet, were co-authored by
researchers at PLA Unit 61398, allegedly an operational unit
actively engaged in cyber-espionage, and faculty at Shanghai
Jiaotong University, a centre of academic excellence with ties
to some of the world’s top universities and attended by the
country’s political and business elite.

Mar 11, 2013

Alibaba Group picks Jonathan Lu as next CEO

SHANGHAI, March 11 (Reuters) – Alibaba Group has
chosen Jonathan Lu, its Chief Data Officer who has more than a
decade of experience in executive roles, to lead China’s largest
e-commerce company as it prepares to launch an initial public
offering.

Lu will succeed Alibaba’s founder Jack Ma as the chief
executive officer starting May 10, the company said on Monday.

Feb 19, 2013

China 360buy’s fundraising drive highlights IPO urgency

SHANGHAI (Reuters) – Chinese online shopping firm 360buy loses money, needs huge cash injections to feed its supply chain, and its profitable rival Alibaba Group has more than double its market share.

That leaves it with one option – float before Taobao does.

Analysts believe a frenetic fundraising drive which has pulled in more than $2 billion in 18 months shows it is getting ready to do exactly that.

Jan 7, 2013

China’s party mouthpiece Xinhuanet applies for Shanghai IPO

SHANGHAI (Reuters) – The online portal of China’s state-run Xinhua news agency has applied for a Shanghai initial public offering, the securities regulator said, in what would be the second listing of a government website in a year.

Xinhuanet.com’s planned IPO is likely to attract strong interest from investors, given Xinhua’s status as the Communist Party’s mouthpiece and its clout among China’s state-owned companies.

Dec 13, 2012

iPhone 5 hits China, as Apple market share slips

SHANGHAI, Dec 14 (Reuters) – The China release of its iPhone
5 on Friday should win Apple Inc some respite from a
recent slide in its share of what is likely already the world’s
biggest smartphone market, but its longer-term hopes may depend
on new technology being tested by China’s top telecoms carrier.

Cupertino, California-based Apple has been in talks about a
tie-up with China Mobile for four years. A deal with
China’s biggest carrier is seen as crucial to improve Apple’s
distribution in a market of 290 million users – which is
forecast to double this year.

Dec 7, 2012

China’s mini Apple takes slice of smartphone pie

BEIJING (Reuters) – China’s Xiaomi Technology is a fairy tale for nerdy entrepreneurs.

Less than three years after its founding, the smartphone maker is valued at $4 billion and evokes Apple-like adoration from its fans, some of whom are desperate enough to skip work for a shot at buying the latest product the day it goes on sale.