25 August 2009
“We need to lower cell phone prices so more of our 700 million farmers will have access to the service.” Wow, nice work if you can get it Mr Jianzhou. I guess we’re not talking niche market opportunities here then? Only in China could you operate in an industry that currently serves 680 million customers with the [...]
Posted in Media & Internet, TelecommunicationsComments (0)
25 August 2009
BYD Auto, the Chinese car and battery manufacturer that Warren Buffett invested in last year, is readying itself for an American invasion in 2010, the Wall Street Journal is reporting. The BusinessInsider.com website suggests that the Oracle of Omaha’s investment, thanks to partner Charlie Munger’s sweet-talked has motored up 430% in the past 11 months. BYD hopes [...]
Posted in AutomotiveComments (0)
25 August 2009
Chinese Premier Wen Jiabao has warned uncertainties ahead despite signs of economic recovery both at home and abroad, reported China Daily news service. Wen was speaking after US Federal Reserve Chairman Ben Bernanke declared Friday that the US economic recovery had started, which boosted investor confidence around the world and pushed up equities and crude prices. “There [...]
Posted in Economy, Financial MarketsComments (0)
25 August 2009
The Chinese online retail and business-to-business giant Alibaba Group, is set to severe its classified listings business from Yahoo China, which it runs and part owns. Alibaba’s Koubei.com will now be added to Jack Ma’s privately owned ecommerce company’s retail site Taobao.com. WSJ.com reports that Alibaba is restructuring and will re-focus the net portal on entertainment [...]
Posted in Advertising & Marketing, Information Technology, Media & Internet, TechnologyComments (0)
25 August 2009
China Nepstar, the country’s largest drugstore chain, reported a 46% fall in profits in the second quarter due to the economic sickness. Earnings of 30.1 million yuan (USD4.4m) were down from 56.1m yuan last year. Nepstar’s revenue actually rose 7.5% during the financial year but gross margins fell, due to cost cutting. The company killed off 43 [...]
Posted in Health & PharmaceuticalsComments (0)
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