SHANGHAI (Reuters) – China’s largest business-to-consumer website 360buy.com said on Friday it has raised a whopping $1.5 billion from a diverse group of investors in its latest round of financing, in preparation for an initial public offering in 2013.

360buy’s latest fundraising comes at a boom time in China’s e-commerce industry that is set to grow at high double digit rates over the next two years, as rising incomes across China boost consumer spending and the number of Internet users soar.

SHANGHAI, April 1 (Reuters) – China’s largest
business-to-consumer website 360buy.com said on Friday it has
raised a whopping $1.5 billion from a diverse group of investors
in its latest round of financing, in preparation for an initial
public offering in 2013.

360buy’s latest fundraising comes at a boom time in China’s
e-commerce industry that is set to grow at high double digit
rates over the next two years, as rising incomes across China
boost consumer spending and the number of Internet users soar.

SHANGHAI, March 29 (Reuters) – China’s Sky-mobi (MOBI.O: Quote, Profile, Research),
the country’s leading mobile application developer, sees its
topline growth rate increasing at a slower pace than the
industry’s this year, as changes to mobile payment hurts the
user experience, a top executive said on Tuesday.

Sky-mobi, which makes most of its revenue by selling mobile
applications from its application store, recently entered the
mobile advertising space via an agreement with one of China’s
leading advertising portals, Sohu.com Inc (SOHU.O: Quote, Profile, Research).
[ID:nL3E7EN2HP]

SHANGHAI (Reuters) – Consumer goods giants Procter & Gamble and Unilever will both raise detergent and soap prices in China by up to 15 percent next month, local media reported, underscoring the battle the government faces with inflation.

Policy makers in the world’s second-largest economy have been racing to contain consumer prices, which rose 4.9 percent in February from a year earlier, to prevent inflationary expectations from settling in and contributing to further rises in the prices of everything from broccoli to beer.

SHANGHAI (Reuters) – Consumer goods giants Procter & Gamble (PG.N: Quote, Profile, Research, Stock Buzz) and Unilever (ULVR.L: Quote, Profile, Research, Stock Buzz) will both raise their prices on detergent and soap in China by up to 15 percent next month, local media reported, underscoring the challenges Beijing faces to rein in inflation.

Policy makers in the world’s second-largest economy have been racing to contain consumer prices, which rose 4.9 percent in February from a year earlier, to prevent inflationary expectations from settling in and contributing to further rises in the prices of everything from broccoli to beer.

SHANGHAI, March 28 (Reuters) – Consumer goods giants Procter
& Gamble and Unilever will both raise their
prices on detergent and soap in China by up to 15 percent next
month, local media reported, underscoring the challenges Beijing
faces to rein in inflation.

Policy makers in the world’s second-largest economy have
been racing to contain consumer prices, which rose 4.9 percent
in February from a year earlier, to prevent inflationary
expectations from settling in and contributing to further rises
in the prices of everything from broccoli to beer.

TOKYO/SHANGHAI (Reuters) – Toshiba Corp said an assembly line in Japan making small liquid crystal displays would be closed for a month, and PC maker Lenovo Group Ltd voiced worries over parts, highlighting the threat to global supply chains from Japan’s devastating earthquake.

Hitachi Ltd also said production of small LCDs will be halted at its factory near Tokyo for a month as it deals with damage and power outages stemming from last week’s 9.0 magnitude earthquake.

SHANGHAI, March 17 (Reuters) – Alibaba.com Ltd ,
which last month replaced two top executives after a jump in
fraudulent activities on its website, posted a record quarterly
profit on higher new membership sign-ups.

In a move to bolster its dented image, China’s largest
e-commerce company also emphasised it will focus less on
customer acquisitions and more on servicing existing clients
while building up synergies with the other companies in Alibaba
Group.

TOKYO/SHANGHAI, March 17 (Reuters) – Toshiba Corp
said an assembly line in Japan making small liquid crystal
displays would be closed for a month and PC maker Lenovo
voiced worries over parts, highlighting the threat to
global supply chains from Japan’s devastating earthquake.

Hitachi Ltd also said production of small LCDs
will be halted at its factory near Tokyo for a month as it deals
with damage and power outages stemming from last week’s 9.0
magnitude earthquake.

SHANGHAI, March 16 (Reuters) – Tencent Holdings ,
China’s most valuable Internet company, said it plans to invest
heavily in social networking, e-commerce and search, after
posting a 46 percent rise in quarterly profit.

The profit growth was the slowest in more than three years
as the company is facing stiff competition in China’s red-hot
online-gaming sector.