China Economic ReviewChina's financial sector is driving IT spending, state media reported, citing a new report by market research house CCW Research. Total IT spending in the country's financial sector is likely to hit US$3.74 billion in 2006, up 10.24% year-on-year. Growth will continue until 2008 at about 10% a year. Spending in 2008 is projected to […]
President Hu Jintao and Premier Wen Jiabao have voiced strong support for homegrown 3G mobile technology, the South China Morning Post reported. Industry officials say the leaders support the largely home-grown wireless communications technology TD-SCDMA (time division synchronous code division multiple access) over the international standards W-CDMA and CDMA2000. Their backing could allow the long-delayed […]
Online auction house eBay China has said it will stop charging sellers for establishing online shops from Tuesday, state media reported. It would still charge users for listing products in the shops and collect a commission on completed deals. The move puts the company more in line with rival taobao.com, a subsidiary of Jack Ma's […]
Walt Disney Studios is to shoot its first motion picture on the Chinese mainland, the company announced at a Beijing film convention Wednesday. The film, titled "The Secret of the Magic Gourd" will be a Chinese-language live-action feature based on a children's book written in 1958. The production is in cooperation with China Film Group […]
In a move to boost share liquidity, underwriters of China's top Internet search engine Baidu announced Wednesday that they will release three million lock-up shares ahead of schedule, reported The Standard of Hong Kong. Baidu, whose share price on New York's NASDAQ has dropped more than 50% since its August 4 initial public offering, has […]