BEIJING, May 11 (Reuters) – Baidu Inc, China’s
largest search engine, will launch a new smartphone partnership
next week, that will see the smartphone use an upgraded version
of its mobile operating system, a senior company executive said
Baidu will announce the tie-up next week for new mobile
devices, similar to Baidu’s partnership with Dell Inc
last December when Dell launched a smartphone running on Baidu’s
Yi platform. However, the new smartphones will run an upgraded
version of Baidu Yi and will be called Baidu Cloud.
BEIJING (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research), the world’s largest online retailer, is prepared to run losses in China to secure a position among the top three players by sales in the country’s cut-throat but booming e-commerce market, its China chief said on Thursday.
China’s $36 billion e-commerce industry is hyper-competitive with online retailers and marketplaces such as Dangdang Inc (DANG.N: Quote, Profile, Research), 360buy and Alibaba Group’s Taobao Mall frequently launching price wars and marketing campaigns to win market share.
SHANGHAI/HONG KONG April 27 (Reuters) – Shares in China’s
People.cn Co Ltd closed 74 percent higher on their
first day of trading on Friday, putting a market value higher
than the New York Times on the state-backed news portal
after a $219 million public offer.
But its performance contrasted with the flat Hong Kong debut
of the very different Haitong Securities Co, China’s
No. 2 brokerage by assets, which raised $1.7 billion in
Asia-Pacific’s biggest share offering this year.
SHANGHAI (Reuters) – China’s People.cn Co Ltd finished 74 percent higher on its first day of trading in Shanghai after a $219 million IPO as investors flocked to the state-backed news portal, giving it a bigger market value than the New York Times.
Demand for People.cn shares were so high that the stock was suspended for most of the afternoon, after triggering multiple stock exchange circuit breakers.
SHANGHAI, April 27 (Reuters) – Shares of China’s People.cn
Co Ltd surged more than 75 percent on their first
day of trading in Shanghai, as investors flocked to the
state-backed news portal, giving it a bigger market
capitalization than the New York Times.
Demand was so high that after an hour of trading, shares of
People.cn, the online news portal of Chinese government
mouthpiece the People’s Daily, were temporarily suspended after
triggering the stock exchange’s circuit breaker of rising more
10 percent from its opening price.
SHANGHAI (Reuters) – Apple Inc’s blowout quarterly iPhone sales in China show that a barrage of bad publicity hasn’t dented demand. Now, it has to find a way to sell more smartphones in the world’s biggest mobile market, without its fans jumping the paywall.
iPhone sales surged in China after Apple signed up China Telecom Corp to sell the device last month – the second of the country’s ‘big three’ carriers to get the iPhone. The biggest, China Mobile Ltd, which has over 600 million subscribers, doesn’t yet have compatible technology.
(Reuters) – Baidu Inc (BIDU.O: Quote, Profile, Research, Stock Buzz), China’s leading Internet search company, set off alarm bells on Wall Street after a disappointing second-quarter revenue forecast raised doubts on its growth prospects and knocked down its shares more than 10 percent after hours.
The tepid outlook from Baidu, which had consistently blown past investors’ expectations thus far, brought up questions on whether emerging competition from the likes of Alibaba Group would wear it down and if it could make a success of recent moves into other lucrative Internet sectors such as ecommerce.
SHANGHAI/HONG KONG (Reuters) – China’s hot Internet sector is facing a problem it is unaccustomed to: a lack of money.
The world’s largest Internet market, with nearly half a billion users, gave birth to some of the world’s most vibrant Internet firms, such as Baidu Inc and Tencent Holdings. Venture capitalists bankrolled them, making knockout returns after the firms’ successful U.S. listings in the mid- to latter half of the previous decade.
SHANGHAI/HONG KONG, April 23 (Reuters) – China’s hot
Internet sector is facing a problem it is unaccustomed to: a
lack of money.
The world’s largest Internet market, with nearly half a
billion users, gave birth to some of the world’s most vibrant
Internet firms, such as Baidu Inc and Tencent Holdings
. Venture capitalists bankrolled them, making knockout
returns after the firms’ successful U.S. listings in the mid- to
latter half of the previous decade.
SHANGHAI, March 30 (Reuters) – It is a marriage made in
heaven for shopping addicts. Social shopping, the merger of
social networking and e-commerce which has hooked millions of
users in the United States, has now captured the attention of
China’s Internet giant.
Alibaba Group’s social shopping platform Fa Xian (),
launched on a testing basis four weeks ago, is already luring
60,000 viewers a day.