China and the US reached an agreement Friday that would allow an additional 14 foreign movies to be shown in China each year, as long as they are played in the 3D or jumbo-sized IMAX (IMAX.NYSE) format, The Wall Street Journal reported, quoting a spokesman for the Motion Picture Association of America. Studios whose movies play […]
Category: Tech, Media & Telecom
A proposed US$17 billion asset swap between Yahoo! (YHOO.Nasdaq), Alibaba Group (listed subsidiary Alibaba.com; 1688.HKG) and Japan’s Softbank (9984.TYO) fell apart Tuesday due to disagreements about how to value Taobao, Reuters reported. Taobao dominates the online consumer-to-consumer retail market, and has performed well over the past months. According to insiders, the unexpectedly high growth of […]
Apple Inc (AAPL.NASDAQ) has pulled its iPad 2 tablet from the websites of some unauthorized merchants in China, including Amazon.com Inc’s (AMZN.NASDAQ) Chinese site and Jingdong’s 360buy.com, The Wall Street Journal reported. People with knowledge of the matter said the removal was not related to Apple’s long-running dispute over the iPad trademark in China with […]
Chinese regulators banned all imported television programs during prime time and limited such shows to a quarter of channel programming each day, The New York Times reported. China’s State Administration of Radio, Film and Television said that broadcasters which violate the rules will face fees, but not did detail the amount. Most of the 30 […]
Apple announced that the Fair Labor Association would begin audits of its suppliers in China, including Hon Hai Precision (trade name Foxconn; HNHPF.NYSE, HHPD.LSE, 2038.HKG, 2317.TW), Bloomberg reported. Inspectors from the organization, set up in 1999 as an initiative by US President Bill Clinton, began their work yesterday at Foxconn’s facilities in Shenzhen. It will […]