Tag: China
Posted by
LuBo 7 months 1 hour ago
Ticked off that the United States gave the Dalai Lama the prestigious Congressional Gold Medal this week, reports are trickling in that China is blocking Google, Yahoo and Microsoft searches and redirecting them to Baidu. I don't have to explain how important the Chinese market, including search market, is to the U.S. economy. I wonder what else China has up their sleeves.
Baidu is traded on the Nasdaq stock exchange. Say what you want about Google's stock price, but Baidu's share price keeps increasing--it's at a lofty $320 per share as of...
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Google will invest in Xunlei, a Chinese Web site that helps users download videos from the Internet.
The investment will probably be disclosed next month, Henry Wang, head of Xunlei's operations in Shanghai, said today by telephone. He declined to give further details.
Google's investment in Xunlei, based in Shenzhen, south China, may help it tap growing popularity for online videos in the world's second-biggest Internet market.
Existing investors in Xunlei include IDG Venture Capital and Morningside Asia Advisory Ltd. The Chinese Web...
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eBay plans to pull back from the fast-growing Chinese market by shutting down its main Web site in China and replacing it with a new site that would be largely run by a Beijing-based Internet company, say people familiar with the matter, in the latest sign of trouble afflicting the onetime Internet star.
Under the new arrangement, eBay will hold a 49% stake in the new site with Tom Group holding a 51% share. eBay does not plan to lay off any employees as part of the new setup.
The move could be read as a setback for eBay, which has...
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Google on Friday said its top sales executive, Johnny Chou, was resigning, indicating a possible change in direction for the Internet search company.
The departure of Chou, which had been rumored for several weeks, came amid a strengthening of leadership by Baidu.com in the Chinese search engine market and heated competition from new players, including Yahoo China and Tencent.
Chou, head of regional sales and business development and co-head of Google China alongside Li Kai-Fu, joined Google slightly more than a year ago. He previously...
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Google will partner with Shanghai-based venture capital firm Ceyuan Ventures to invest in Chinese download accelerator and peer-to-peer file sharing network operator Thunder aka Xunlei, according to a rumor reported by eNet. A spokesperson for Shenzhen-based Thunder said that the company will close its third round of investment in two weeks. A Google spokesperson had no comment.
Thunder Network's previous rounds of funding were for US$1 million and US$10 million from from IDG and Morningside Technologies, respectively. Thunder's...
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In the village of Laishui, about 100 miles southwest of China's capital city, Li De Yin runs a small workshop that seems frozen in pre-industrial time. Bare-chested workers heat copper bowls over an open-coal fire then hammer the yellow metal into hot pots, the Chinese version of fondue pots.
But walk into Li's tidy bedroom, and an ice-blue glow lights the room. It comes from a state-of-the-art personal computer whirring beside a twin-size bed, an audio and video hookup at the ready, in case Li needs to speak to a customer.
Online...
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The Internet Society of China has recommended to the government that bloggers be required to use their real names when they register blogs, state media said on Monday, in the latest attempt to regulate free-wheeling Web content.
The society, which is affiliated with the Ministry of Information Industry, said no decision had been made but that a 'real name system' was inevitable.
"A real name system will be an unavoidable choice if China wants to standardize and develop its blog industry," the official Xinhua news agency quoted the...
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Reportedly concerned with the dissemination of rumors on the Worldwide Web, anyone using the Internet to spread malicious rumors in the Chinese municipality of Chongqing is now subject to a fine of up to 1,000 yuan to 5,000 yuan ($126-633) or even detention of five days or more. The recently-enacted regulations seek to bar Chongqing netizens from using the Internet to make "defamatory comments or remarks, launch personal attacks, or seek to damage reputations online." The new regulations follow rules introduced in August by the State...
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Posted by
LuBo 1 year 7 months ago
Tom.com is going to announce its takeover of eBay's China division and its PayPal service, the 21st Century Business Herald reported today, citing a well-informed source.
Tom Group is the distributor of Skype, eBay's online telephone service in China.
According to the previous agreement between eBay and Eachnet, eBay will sell its shares to the company before withdrawing from the Chinese market.
In March 2003, eBay bought one third of Eachnet's stake by paying US$30 million, while Eachnet accounted for over 90 percent of China's C2C...
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China will overtake the US next year to become the world's largest broadband internet market, analysts have forecast.
The number of broadband subscribers in China is growing at a staggering 79 per cent annually, and will reach 79 million in 2007, consulting firm Ovum predicted in research released today.
Recent estimates from Leichtman Research suggest that the number of broadband connections in the US, currently the world's largest market, is around 51 million.
Ovum's predictions are in line with those from other researchers....
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