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Dongfeng drives H1 profit 27% higher |
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Thursday, 28 August 2008 |
SIZZLING commercial vehicle sales and cost-reduction measures have fueled first-half profit at Dongfeng Motor Group by 27 percent, despite an overall slowdown in China's motor sales.
Earnings attributable to ordinary...
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Curbing inflation a priority after Games |
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Wednesday, 27 August 2008 |
The Chinese government will stick to an economic policy that focuses on curbing inflation for the rest of the year, a senior official on Wednesday told China's top legislature.
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China Mobile Announces H1 Results, Increased Spending Caps |
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Wednesday, 27 August 2008 |
China Mobile (NYSE: CHL, 941.HK) announced first half results with turnover of RMB 196.5 billion, up 17.9% year-on-year, before market open on Wednesday. Profit to stakeholders was RMB 54.8 billion, up 44.7% annually.
China Mobile directors have agreed to raise annual caps for the 2008-2010 Telecommunications...
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Solarfun Q2 Income Jumps 285% YoY |
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Wednesday, 27 August 2008 |
Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) reported second quarter results with net revenues of $197.1 million, up 192.2% year-on-year and 12.7% quarter-on-quarter, before market open on Wednesday. Net income for the company was $11.4 million, up 285.2% year-on-year. PV module shipments were up...
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Alibaba.com H1 Profit Rockets 136% To RMB 697.2M |
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Wednesday, 27 August 2008 |
Business-to-business (B2B) e-commerce company Alibaba.com Ltd. (1688.HK) recorded net income of RMB 697.2 million, up 136.2% year-on-year, for the first half of 2008. Revenues were up 47.8% annually to RMB 1.42 billion, including RMB 481.6 million (34%) from the China marketplace. Alibaba.com had 32.5...
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Dangdang Sued Over Pirating Publisher |
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Wednesday, 27 August 2008 |
Beijing-based business-to-consumer (B2C) e-commerce site Dangdang.com is being sued for over RMB 60,000 by "21st Century, Big Issues Across Nations" editor Zhang Hongru for selling his book through an unauthorized publisher, reports The Beijing News. Zhang is asking Dangdang to either provide information...
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Suning To Open First Off-Price Store |
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Wednesday, 27 August 2008 |
Chinese home electronics and appliance retailer Suning Appliance Co. Ltd. (002024.SZ) plans to open its first off-price retail outlet in Beijing this weekend, reports qq.com. Suning north China region president Fan Zhijun says the store will offer discounts of at least 20% on items with external defects,...
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A-Shares Erratic, Pharmaceuticals Fall As Real Estate Soars |
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Wednesday, 27 August 2008 |
The Shanghai Composite Index slipped 0.34% to close at 2,342.147, while the Shenzhen Composite Index fell 0.57% to close at 642.82 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 32.569 billion and RMB 13.73 billion, respectively. The Shanghai Stock Exchange announced...
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Taobao Releases iPhone Version Of Site |
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Wednesday, 27 August 2008 |
Alibaba's consumer-focused e-commerce site Taobao.com has released a version of its Taobao Mall (mall.taobao.com, a channel for Taobao-contracted sellers) optimized for Apple's iPhone and iPod Touch devices, reports Sohu. Users of the devices can access the site at
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MIIT: Telecom Industry Revenue Reaches RMB 468B |
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Wednesday, 27 August 2008 |
China's telecom industry revenue grew 9.1% year-on-year to reach RMB 467.81 billion in the first seven months of 2008, according to Ministry of Industry and Information Technology (MIIT) data released on Tuesday. China added 61.07 million mobile phone users in the first seven months to record 608.38...
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Hacker Pisses On Chinese Higher Education |
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Wednesday, 27 August 2008 |
A hacker infiltrated Tsinghua University's online news channel on August 24 to post an article under the name of Tsinghua University president Gu Binglin criticizing Chinese universities for "pissing in the minds of students", reports xinhuanet.com. Tsinghua announced the attack the same day, dispelling...
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BoCom heads to San Francisco |
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Wednesday, 27 August 2008 |
CHINA'S Bank of Communications said today it plans to set up a branch in San Francisco, its second branch in the United States.
The country's fifth largest lender has approved the establishment of the branch...
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