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China Yahoo Denies Reported Layoffs |
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Monday, 17 November 2008 |
China Yahoo plans to start layoffs on Thursday, reports Sohu citing an unnamed source at China Yahoo. The report said nearly 70% of the company's information (news) department employees will be let go. A Sina report said that a China Yahoo executive denied the reported layoffs and added that the company...
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Update: Zbird Confrims Investment, Reports Revenue |
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Monday, 17 November 2008 |
Shanghai-based online diamond seller zbird.com (formerly 51diamond.com) announced on October 31 that it received second-round funding of $10 million, reports CNET China. Zbird's monthly sales revenue is nearly RMB 20 million, said the report quoting Zbird co-president Xu Lei.
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Google: Baidu Will Not Acquire Ganji |
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Monday, 17 November 2008 |
Google (Nasdaq: GOOG) China has denied that Baidu (Nasdaq: BIDU) plans to acquire Beijing-based classified advertising website Ganji.com, which is a Google partner, reports BiaNews quoting a Google China public relations department employee. Google China does not plan to sell its shares in Ganji to BlueRun...
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Zhongneng Polysilicon Technology Plant To Start Production In December |
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Monday, 17 November 2008 |
Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd plans to reach annual polysilicon production capacity of 16,500 tons in March 2009, reports chinanews.com.cn. The first production line at the plant is expected to start production in December 2008.
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CSRC Confirms Will Allow Margin Trading from December |
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Monday, 17 November 2008 |
The China Securities Regulatory Commission (CSRC) has indicated that it will allow margin trading from the start of December. Fang Xinghai, director general of the government financial services office in Shanghai, announced at a conference at the end of last week that China’s securities regulator will start accepting brokerages’ applications for the pilot programme in [...]
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Quantifi Opens Australian Office, Appoints Glover to Head |
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Monday, 17 November 2008 |
Quantifi, an analytics and risk management solution provider, has opened an office in Sydney, which it says is in response to increasing regional demand. The firm has appointed James Glover as head of APAC sales to manage the Asia Pacific region, including its existing business in Japan.
The Sydney office will focus on product development, deployment [...]
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A-Shares: Shanghai Resurfaces Above 2,000 |
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Monday, 17 November 2008 |
The Shanghai Composite Index rose 2.22% to close at 2030. 49, while the Shenzhen Composite Index climbed 3.35% to close at 563.61 on Monday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 90.21 billion and RMB 41.67 billion, respectively, on Monday.
Shares of Shaanxi Zhangze...
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VanceInfo Revenue Up 50% YoY, Raises Full Year Guidance |
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Monday, 17 November 2008 |
Offshore software developer VanceInfo Technologies Inc. (NYSE: VIT) booked net revenue of $27.7 million, up 53.3% year-on-year, and net income of $4.3 million, up 48.3% year-on-year, for the third quarter of 2008.
During the quarter, 52.5% of net revenue came from US-based companies. The company...
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56.com Marketing Director Resigns |
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Monday, 17 November 2008 |
Guangzhou-based video sharing site 56.com marketing director Bai Jie confirmed that she has resigned for personal reasons, reports Sina.
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Asian shares close lower after choppy session |
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Monday, 17 November 2008 |
Shanghai shares gained for a fourth-straight session, bucking the overall downward trend, as continued hopes for the country's stimulus plan and a rally in airline shares bolstered the overall market
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Asian shares lower after choppy session |
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Monday, 17 November 2008 |
Shanghai shares gained for a fourth-straight session, bucking the overall downward trend, as continued hopes for the country's stimulus plan and a rally in airline shares bolstered the overall market
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Airline shares take off on speculation of bailouts |
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Monday, 17 November 2008 |
SHARES of China's top three airlines surged today after media reports said the parent groups are expected to receive government cash injections to counter growing costs and slack demand.
China Southern Airlines...
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