Lenovo Posts Sales Slump, Declining Gross Profit
Chinese computing giant Lenovo Group says its sales slipped 25.8% from the same period last year as it today reported results for its fourth fiscal quarter and full year ended March 31, 2009. During...
View ArticleChina Telecom Focuses On University Graduate Recruitment
China Telecom has signed a strategic cooperative agreement with Fudan University, Shanghai Jiao Tong University, and Tongji University in Shanghai to implement various initiatives including a mass...
View ArticleChina's Lenovo Reports Net Loss Of USD16.01 Million
Chinese PC maker Lenovo has published its financial report for its first fiscal quarter ended June 30, 2009, and the company states that affected by the weakened PC demand and the decrease of prices of...
View ArticleInternet Revenue Drops For Chinese Job Recruitment Website 51job.com
It's a bad time to be investing in the Chinese Internet recruitment sector, as Chinese online job recruitment website company 51job Inc. announced its unaudited financial results for the second quarter...
View ArticleQ&A: Dhgate.com Jumps Into China's Growing Business E-commerce Sector
By ChinaTechNews.com Editorial Team Despite a worldwide financial crisis, China's e-commerce industry is seeing something of a boom, growing over 120% in 2008 and with rapid growth projected over the...
View ArticleTravelzoo Dumps Internet Travel Business In Asia
The global financial crisis and weak Internet travel sector in Asia seem have caused Travelzoo Inc. to sell its Asia Pacific online division. For the twelve months ended June 30, 2009, Travelzoo's Asia...
View ArticleFounder Technology Net Profit Down 31% In H1 2009
Chinese hi-tech enterprise Founder Technology has published its semi-annual financial report for 2009, which states its net profit decreased by 31% year-on-year to CNY62.78 million. The PC business has...
View ArticleInternet Profit Falls For Sina.com In China
Chinese Internet media and wireless services company Sina Corporation reports its net revenues and profit both fell as it announced its unaudited financial results for the quarter ended June 30, 2009....
View ArticleChina Has 360 Million Internet Users
According to statistics published during the 2009 China Internet Conference held in Beijing, by the end of September 2009, the number of China's Internet users had reached 360 million. Li Yizhong,...
View ArticleHuawei Sales Up 19% In 2009
Chinese telecom equipment maker Huawei Technologies has published its annual financial report for 2009, stating that its sales worldwide increased by 19% year-on-year to CNY149.1 billion. The report...
View ArticleA Boss With Benefits: Alibaba Responds To China's Rising Inflation
Chinese B2B e-commerce group Alibaba has announced plans to launch a CNY3 billion housing loan scheme for its employees and a CNY500 million education fund to solve the preschool and primary education...
View ArticleHeightened Chinese Inflation Pushes Renren.com To Offer Employee Loans
Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000. Chen Yizhou,...
View ArticleLenovo's Founder Liu Chuanzhi Steps Down
Liu Chuanzhi, Lenovo Group's founder and chairman, is moving aside for CEO Yang Yuanqing to assume the dual role of chairman and CEO. Liu returned as chairman in February 2009 to help turn the company...
View ArticleNokia Siemens May Axe 4,000 Employees In China
Nokia Siemens Networks has announced plans to cut 17,000 employees around the world by the end of 2013, including about 4,000 mainland Chinese employees. This is reportedly the largest layoff in the...
View ArticleSAP May Launch IPO In Shanghai
German software giant SAP is reportedly preparing a listing on the Shanghai Stock Exchange, aiming to gain financial support from the Chinese market. So far, the company has been listed in the German...
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Vietnamese Government Cancels Foxconn's Mobile Phone Plans
The Vietnamese government is canceling plans for Taiwan-based Foxconn to manufacture mobile phones in the country. An official from the …
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Alibaba Tries To Find The Best Way To Manage Its Growth
With its stock price dropping in the U.S., Alibaba Group announced plans to launch a dual-city operations strategy to better …
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