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Featured Articles
Rumor: China Telecom to Spin Off 8 Industry Bases
CWW, 3/19/12
An industry source revealed recently that China Telecom (NYSE: CHA; 0728.HK) is preparing to spin off its eight vertical service bases for operation as independent companies - after which the bases' employees will no longer be formally part of China Telecom's organization. Read More...
China Mobile Invests RMB 1 Bln in M2M Base
CCID, 3/20/12
Ye Lingwei, GM of China Mobile's (NYSE: CHL; 0941.HK) M2M (Internet of Things) base, said recently that China Mobile had invested RMB 1 bln in the vertical service base since it was established - primarily for cloud product R&D including smart home furnishings, smart transportation products, municipal administration products, and municipal security solutions. Read More...
Rumor: Vancl Cancels IPO Plan
Beijing Business Today, 3/20/12
An industry source reported yesterday that B2C clothing website Vancl has cancelled its IPO plans, and that the company's CFO has resigned. Read More...
Dangdang to Compensate Users of Hijacked Accounts
Sina Tech, 3/20/12
A number of Dangdang (NYSE: DANG) customers complained recently that their accounts on the Chinese B2C e-commerce site had been hacked, and their account balances stolen. Read More...
Focus Media Q-Card User Base Reaches 2.5 Mln
NetEase Tech, 3/20/12
Jason Jiang, CEO of Chinese digital media and Internet advertising operator Focus Media (Nasdaq: FMCN), stated in the Q4 2011 earnings call that its "Q-card" discount card has more than 2.5 mln registered users, and that Focus Media will introduce the "Q-card" mobile phone client in the second half of the year. Read More...
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