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Tencent, Sina, Renren report slowing profit growth

Tencent Holdings (0700.HKG), China's largest internet company, reported a 2.8% increase in first-quarter net profit to a record RMB2.95 billion (US$467 milli

France's Publicis buys Chinese digital marketer

French advertising company Publicis Group (PUB.EPA) said Monday it bought Beijing-based digital-marketing company Longtuo for an undisclosed amount, Publicis

News Corp buys 20% stake in China's Bona Film

News Corp (NWSA.NASDAQ), the owner of 20th Century Fox film studio, plans to acquire a 19.9% stake in Chinese film distributor Bona Film Group (BONA.NASDAQ)

Al Jazeera closes Beijing bureau after reporter expelled

Pan-Arab news network Al Jazeera English said it was closing its Beijing bureau following China’s refusal to renew the visa of its sole English-language corr

China's Wanda in talks to buy AMC Entertainment

Wanda Group is considering buying some or all of US-based AMC Entertainment Inc, a purchase that would make it the first Chinese theater company to have a ma

Evernote plans to expand servers in China

US-based Evernote plans to install servers in China in a bid to provide better stability and speed for its application to share and store data online, despit

China Unicom misses earnings target

China Unicom (CHU.NYSE, 600050.SH, 0762.HKG) announced it generated net income of RMB1 billion (US$159 million) in the first quarter, missing analyst estimat

SEC probes US movie studios over China dealings

The US Securities and Exchange Commission is investigating whether US movie studios violated the Foreign Corrupt Practices Act when signing agreements with C

Baidu misses revenue expectations

Shares of Baidu (BIDU.NASDAQ) fell more than 10% on Tuesday after the company announced that it expects to report revenue of US$847-866 million for the first

Apple earnings exceed expectations on China demand

Apple (AAPL.NASDAQ) released better-than-expected quarterly results due in part to surging demand for its iPhone in the Greater China marke

Alibaba.com Q1 profit drops 25%

E-commerce website Alibaba.com (1688.HKG) said its first quarter net profit dropped 25% annually to US$54 million, the lowest since the first quarter of 2010

Japan's Rakuten ends Baidu venture

Japan e-commerce retailer Rakuten (4755.TSE) announced that it will discontinue its online shopping mall in partnership with Baidu (BIDU.Nasdaq) due to tough

China Mobile to introduce Hong Kong 4G service

China Mobile (CHL.NYSE, 0941.HKG), the world’s largest mobile carrier by users, plans to launch fourth-generation (4G) wireless service in Hong Kong this mon

People's Daily site raises $222m in IPO

People.cn Co (603000.SH), the online business of the Chinese Communist Party's official newspaper, raised RMB1.4 billion (US$222 million) in an initial publi

People.cn announces price range for IPO

People.cn Company, the online platform of China’s state-controlled People’s Daily newspaper, said it aims to raise RMB1.6 billion (US$246 million) in its upc

Apple agrees to China pollution audit

Apple Inc (AAPL.NASDAQ) has agreed to let outside auditors review environmental conditions at its China-based suppliers, just one month after the Fair Labor

China web temporarily blacked out

A brief internet blackout rendered a number of Chinese and foreign websites inaccessible for around two hours on Thursday, as officials warned against intern

Disney, Tencent forge animation partnership

Walt Disney (DIS.NYSE) has formed alliance with Tencent Holdings (0700.HKG), China’s largest internet service provider, and the state-run China Animation Gro

ZTE planned sale of embargoed US technology to Iran

ZTE Corp (ZTE.CVE), China's second-largest telecommunications equipment maker, agreed to export US$10.5 million worth of embargoed American computer equipmen

Microblogs resume normal service following crackdown

China's two largest microblog sites resumed normal service Tuesday after barring users from commenting on other microblog accounts for three days on governme

Chinese vice premier, Apple CEO discuss IPR, labor rights

Chinese Vice Premier Li Keqiang, who is expected to replaced Wen Jiabao as China's premier later this year, promised Apple (AAPL.NASDAQ) CEO Tim Cook that th

US may ease restrictions on high-tech exports to China

The US is considering relaxing restrictions to allow China to purchase American military technology, 

Foxconn takes 10% stake in Sharp

Japan’s Sharp (6753.TYO) announced Tuesday that it sold a 10% stake to Hon Hai Precision (2317.TPE) for around US$800 million to prop up its ailing liquid cr

Huawei blocked from $1bn Australian tender

Huawei Technologies (002502.SHE) announced Monday that its bid to participate in the Australia's US$38 billion National Broadbank Network program has been bl

Apple CEO promises more China investment

Apple’s (AAPL.NASDAQ) CEO Tim Cook paid a visit to Beijing this week, as the firm announced plans for “greater investment” in its second-largest market after

Microsoft offers Beijing mixed reviews

Microsoft's (MSFT.NASDAQ) top China executive commented that the Chinese government has helped the company's business by strengthening intellectual-property

Carrefour, McDonalds apologize after CCTV attack

Carrefour (CA.Euronext) and McDonald’s (MCD.NYSE) have issued apologies in China following allegations in a CCTV broadcast that the two had misled consumers,

China Mobile 2011 profit reaches US$19.9bn

BoCom plots $8.9bn share sale

Bank of Communications (601328.SH, 3328.HKG), China's fifth-largest lender, announced plans to shore up capital by issuing US$8.9 billion in shares, the worl

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