Alibaba has spread the Good Word of e-commerce – but a fraud scandal and a blurring vision have some questioning its faith
Category: Tech, Media & Telecom
Baidu (BIDU.NASDAQ), China’s top search engine, has been placed again on the US annual list of “notorious markets” for counterfeit and pirated goods, Reuters reported. The US Trade Representative’s (USTR) office said Baidu was the most prominent example of online services that use “deep linking” to direct consumers to “allegedly infringing materials, often stored on […]
Even before the company announced an investigation into fraudulent suppliers, shares in Alibaba.com (1688.HK) were performing weakly: They fell 22% in 2010 based on reasonable concerns about an anemic export recovery. Nevertheless, an unsubstantiated rumor that parent Alibaba Group was considering joining Baidu (BIDU.NASDAQ) to invest in Sina’s (SINA.NASDAQ) Weibo micro-blogging project helped push […]
The parent company of China Unicom (CHU.NYSE, 600050.SH, 0762.HK) is launching a new mobile phone brand called “Wophone” which will use its own operating system, the Wall Street Journal reported. The move puts China Unicom in competition with Apple’s (AAPL.NASDAQ) iPhone and devices using Google’s (GOOG.NASDAQ, GGQ1.FWB) Android operating system. Companies that will offer Wophone […]
China appears to have made a great deal of headway in cleaning up its spam problem. China was previously considered the largest source of the world’s spam but it has been getting it under control, and now the country is probably only just in the top 20. According to the International Telecommunications Union China has […]