<- July 18, 2008 ->

Featured Articles

Unicom Denies Plans for Post-Restructuring Layoffs

The Beijing News, 7/18/08

A senior executive at China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has denied rumors that China Unicom and China Netcom (NYSE: CN; 0906.HK) will make significant lay offs after the industry restructuring, and said that according to relevant regulations under the new Labor Law, China Unicom will neither make direct layoffs, nor adopt indirect measures, such as requiring employees to retire early. Read More...

China Netcom Announces June 2008 Subscriber Totals

China Netcom, 7/18/08

China Netcom (NYSE: CN; 0906.HK) has announced its new subscriber totals for the month of June, reversing an 11-month trend of user base decline with the addition of 160,000 new fixed-line subscriber, bringing its total to 108.5 mln. Read More...

New Oriental FY 2007 Net Revenue Up 51.6%

New Oriental Press Release, 7/17/08

Chinese education services provider New Oriental (NYSE: EDU) has issued its earnings report for the fourth-quarter and fiscal year ended May 31, 2008, with quarterly net revenues reaching USD 40.2 mln, up 62.5% year-on-year. Read More...

Snail Game Secures Funding, Reveals Statistics

Sina Tech, 7/18/08

Snail Games founder Shi Hai revealed in an interview that his company has completed its second round of funding, with details on investors and listing plans to be announced in August. Read More...

HD-DVD Consortium Faces Patent Lawsuit

China Business News, 7/18/08

On July 17, assistant director Pan Longfa of the Optical Memory Engineering Research Institute at Tsinghua University revealed that the Chinese version of HD-DVD discs would be hitting the market within the month. Read More...