Sina (SINA.Nasdaq) Weibo, China’s biggest microblogging service, imposed user contracts forbidding microbloggers from posting messages deemed inappropriate by censors beginning May 28, The New York Times reported. Sina Weibo has over 300 million registered users who are automatically given 80 “points” apiece; points can be taken away for comments deemed to be inappropriate. User accounts will be […]
Category: Tech, Media & Telecom
EU trade officials told representatives of the group’s 27 member states that they have “very solid evidence” Chinese mobile producers Huawei and ZTE (0763.HKG, 000063.SZ) benefit from illegal government subsidies and have been “dumping” their products, or selling them at below cost, on the EU market, the Financial Times reported. The EU could bring a […]
Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to add as much as US$2 billion to Alibaba Group (1688.HKG) in an effort to help the e-commerce giant to pay for its repurchase of stake from Yahoo, Reuters reported, citing sources familiar with the matter. Alibaba struck a long-awaited deal to buy back […]
Ouch, your soft power is poking me; Deceived by Ewan McGregor (again)
Lenovo (0992.HKG) posted a 59% jump in net profit during the company’s fourth quarter, as the Chinese computer maker looks to expand its presence in the smartphone and tablet computer markets, Reuters reported. The firm said net profits were US$472.99 million for the financial year that ended in March, slightly higher than analyst expectations of […]