China Economic ReviewThe owner of China’s largest network of advertising-display monitors is buying its main rival for $325 million, the Wall Street Journal reported. Focus Media Holding will pay US$94 million in cash plus $231 million in a new issue of its Nasdaq-listed stocks to buy rival "out-of-home" electronic-advertising company, Target Media Holdings. US private-equity firm Carlyle […]
A Chinese journalist, imprisoned for six years for supplying state secrets and inciting subversion after reporting on corruption in northeastern China has been released a year early, reported Reuters. Jiang Weiping returned home to Dalian to stay with his family and is expected to apply for a passport to join his wife and daughter in […]
Nanjing’s Southeast University and Dongda Communication researchers have developed China’s first high-speed chip for third-generation mobile phones using wideband code division multiple access, or WCDMA technology, reported state media. The chip, called Noah3000, is three times faster than the rival CDMA2000 technology, the report said.
Hundreds of Beijing News staff were striking Thursday on news of an editorial takeover by one of its parent publications, the South China Morning Post reported. It was the first strike on such a large scale in the mainland media, coming a day after news that chief editor Yang Bin would be sent back to […]
The Ministry of Information Industry (MII) told domestic operators Tuesday to be ready for the rollout of third generation mobile telecoms services, state media reported. Ministry chief Wang Xudong told the MII's annual working conference in Beijing it was time to develop 3G, but did not set a clear timetable for licensing. Some analysts have […]