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
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
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
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.
SAN FRANCISCO/SHANGHAI, Jan 31 (Reuters) – Baidu Inc
beat fourth quarter estimates and painted a bright
near-term outlook as it bets on large advertiser spending and
new Chinese Internet trends, such as social networking, to spur
Shares of Baidu, a favourite pick of hedge funds, rose 7.7
percent in after-hours trade following the upbeat earnings
report on Monday. Options traders predicted before the results
that the stock might break out of its recent five-month trading
SHANGHAI, Jan 31 (Reuters) – China will permit designated
banks to trade yuan/foreign currency swaps on behalf of their
clients from March 1, the country’s foreign exchange regulator
Non-bank clients will be allowed to sign agreements now and
exchange yuan and foreign currencies, and their
interest rates, at a future time, the State Administration of
Foreign Exchange said late on Sunday. Currently only banks can
trade yuan/foreign currencies swaps.
SHANGHAI (Reuters) – China’s top Internet search engine Baidu Inc (BIDU.O: Quote, Profile, Research, Stock Buzz), which beat profit expectations in the past four quarters, is unlikely to repeat that for the fourth quarter as margins slipped and new customer additions slowed.
Baidu, a favorite pick of hedge funds, has already flagged that 2011 will be different, telling Reuters in December it expects growth this year to moderate due to a higher comparison base and as the unique factors that spurred rapid growth in 2010 won’t be repeated.
SHANGHAI, Jan 20 (Reuters) – Alibaba.com’s shares
have surged 20 percent this year to nine-month highs on
expectations that investments by its parent may fuel growth
outside its core business.
Shares of Alibaba.com, the unit of China’s largest
e-commerce firm Alibaba Group, are now trading at 50 times their
estimated 2010 earnings. That compares with a price to earnings
multiple of 38 for China’s largest Internet firm Tencent
BEIJING, Jan 19 (Reuters) – Alibaba Group and its financing
partners will invest $3 billion-$4.5 billion over the medium term
to set up a warehouse network in China, where the e-commerce
market is booming, it said on Wednesday.
Sources told Reuters in October that Alibaba Group is
planning to expand its logistics network to reach 52 cities in
two years from 20 cities currently. [ID:nTOE69J06L]