Scandals or not, VC firms still love China Net startups
2011-06-22 16:13:49
The rash of accounting scandals that has hit US-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland's "So-Lo-Mo" and luxury e-commerce sectors.
China stocks close up Wednesday
2011-06-22 15:59:41
Chinese shares closed moderately higher Wednesday with the benchmark Shanghai Composite Index up 0.11 percent, or 2.84 points, to close at 2,649.32.
CSRC urges listing sponsors to limit risks
2011-06-22 15:59:20
The China Securities Regulatory Commission has issued drafted directives for sponsors who help to get a company listed, China Securities News reported Wednesday.
Listed companies safe from droughts, floods
2011-06-22 15:48:30
Battered first by droughts and now floods, the livelihood of the people and industrial output have been greatly affected, but most listed companies said it has been business as usual for their operations despite the adverse weather conditions, the China Securities Journal reported Wednesday.
Fresh dairy concerns
2011-06-22 15:30:18
Whether 2 million bacteria in 1 milliliter of fresh milk qualifies for the label "the globally worst", as some have called it, is probably debatable. But we do know that the new national dairy safety standards are substantially lower than before.
Gome sues ex-chairman for allegedly damaging reputation
2011-06-22 15:30:06
Gome Electrical Appliances Holding Ltd said it filed a lawsuit against its former chairman, Chen Xiao, for allegedly breaching an earlier agreement with the company and damaging its reputation and operations.
Nokia unveils first MeeGo phone
2011-06-22 15:11:03
Nokia Corp on Tuesday unveiled its first mobile phone based on the MeeGo operating system (OS), while the chief executive officer insisted that the company is maintaining its focus on the Windows phone platform.
Alibaba to solve spinoff dispute
2011-06-22 15:10:33
China's Alibaba Group on Wednesday said the company and its major stakeholders Yahoo! Inc and Softbank Corporation "have made substantive progress" toward an agreement to settle the dispute over the status of Ailibaba's popular on-line payment platform Alipay.
Beijing's 2nd airport to be ready by 2017
2011-06-22 14:45:59
A new airport in the capital city, which will handle soaring passenger traffic in and out of the booming metropolis, is expected to be completed by October 2017, an airline source told the Beijing News.
New rules open fund industry to more players
2011-06-22 13:51:12
China's securities watchdog loosened restrictions on the country's fund industry on Tuesday to allow more players to sell fund products while domestic mutual funds are struggling to issue new shares in a sluggish market.
BofA may offload half CCB stake
2011-06-22 13:50:37
Bank of America Corp may sell some of its $21 billion stake in China Construction Bank Corp (CCB) to bolster capital before new international standards take effect, said three people briefed on the plans.
Power plant losses continue to add up
2011-06-22 13:50:03
China is still facing the challenge of power shortages as summer approaches, despite the central government's efforts to control coal prices and ensure electricity generation, an industry insider said.