China Economic Review - Alpha en copyright 2014 Alibaba figures up ahead of IPO <p>Alibaba saw impressive first quarter results with net income almost tripled to RMB12.23 billion (US$1.99 billion), or RMB5.16 a share ahead of its IPO, <a href="" target="_blank">Bloomberg</a> reported, citing a Tuesday stock exchange filing. Revenue rose 46% to RMB15.6 billion as advertisers boosted spending on the Tmall and Taobao platforms. Thu, 01 Jan 1970 08:00:00 CST Chinese courts to grant foreigners more access <p>China will now regularly allow foreigners to regularly sit in on Chinese court cases,&nbsp;<a href="" target="_blank">Reuters</a>&nbsp;reported, citing state media. The announcement on Thursday by Supreme People's Court President Zhou Qiang comes&nbsp;at a time of public discontent over China's secretive judicial system, and&nbsp;could have implications for foreigners and foreign businesses, which have recently become embroiled in a growing number of lawsuits in China. Thu, 01 Jan 1970 08:00:00 CST Carlyle Group eyes China commercial property market <p>Global private equity firm Carlyle Group (CG.NASDAQ) is looking to enter the China commercial property market after asset and share acquisition discussions with Vanke (2202.HKG, 000002.SHE), <a href="" target="_blank">Reuters</a> reported, citing a Thursday statement by Vanke. The deal would give Carlyle access to China's commercial real estate market, where properties carry yields of around 4.5 to 6%. Thu, 01 Jan 1970 08:00:00 CST China to allow building of 7 foreign-funded hospitals <p>China hopes to improve services and introduce competition to its tightly regulated health care sector by launching a pilot project to set up foreign-funded hospitals in seven mainland cities or provinces,<em> South China Morning Post</em> reported, citing a Tuesday statement by the Ministry of Commerce. The project is part of the national strategy to create more jobs, upgrade the economy, and ease bottlenecks in medical resources, which are causing rising conflict between doctors and patients. Thu, 01 Jan 1970 08:00:00 CST China Telecom chases 4G parity with China Mobile <p>China Telecom (CHA.NYSE, 0728.HKG) saw its user base shrink by 5.34 million mobile subscribers in the first half and aims to step up its 4G push,<em> South China Morning Post</em> reported, citing a senior research analyst. Rival SOE China Mobile launched 4G voice call and data services soon after it was granted a licence at the end of 2013. Senior research analyst Heyman Chiu of Cinda International said that with the launch of 4G handset service, China Telecom would strengthen its position and stem the loss of subscribers in the second half. Thu, 01 Jan 1970 08:00:00 CST