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China launches new State-owned railway corporation

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By David Cao
David Cao
16 March 2013
Hits: 1941

People say goodbye to Ministry of Railways PRC, 12th March 2013.

The Chinese government has approved the establishment of China Railway Corporation to perform the commercial functions of the defunct Ministry of Railways as part of the cabinet restructuring plan.

The planned corporation, with a registered capital of 1.04 trillion yuan ($165.73 billion), will be a wholly State-owned enterprise administered by the central government and supervised by the Ministry of Transport and the future State Railways Administration (SRA), according to a statement posted on the government website.

Read more: China launches new State-owned railway corporation

WeChat develop global market

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By David Cao
David Cao
27 February 2013
Hits: 1987

China's Internet giant Tencent Holding Ltd is seeing a shift in the demographics of the user base of its WeChat messaging application, as international users start to adopt the popular mobile service.

The company is moving ahead with its overseas plans by setting up an office in the United States, the first overseas unit of its kind targeting the development of WeChat, and marking a critical step for its global outreach.

Read more: WeChat develop global market

The Expanding Chinese Express Delivery Industry

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By David Cao
David Cao
09 December 2012
Hits: 3793

Alibaba Group claims its 1-day sales valume reaches 19.1 billion RMB on 11.11.2012.

About 80 million packages were sent on that day. The Chinese express delivery industry grown up with online sales.

Read more: The Expanding Chinese Express Delivery Industry

Qihoo 360's Unique Business Model

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By David Cao
David Cao
31 August 2012
Hits: 2120

Qihoo 360 develop a free strategy, Zhou, the founder, is very happy to talk about how the 'disruptive innovation' works.

"Qihoo 360's business model is called Freemium, Free + the Premium value-added services to provide free security and anti-virus services to individual users.

Read more: Qihoo 360's Unique Business Model

Baidu to compensate Chinese writers over piracy

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By David Cao
David Cao
19 September 2012
Hits: 1685

Beijing's Haidian district court on Monday ruled that Baidu, China's most popular search engine, must compensate three writers for failing to protect their copyrights.

Baidu must pay a total of 145,000 yuan ($22,939) to the writers for failing to take action to prevent their works from being pirated, the court said.

Read more: Baidu to compensate Chinese writers over piracy

More Articles …

  1. Mainland China Has More Firms in Fortune 500 List than Japan
  2. Fosun Surprised By Soho China Shanghai Investment
  3. China has IPv6 plan
  4. Sina Weibo users soar to 250 million
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Page 29 of 125

Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Society

  • China NIA: Average daily inbound and outbound passenger volume to increase 14.1% during Chinese New Year
  • China U23 team's historic breakthrough
  • China's New railway timetable enhanced connectivity nationwide
  • Yiwu's Factory flaw “sad horse" toys go viral on Chinese Internet
  • From plateau to hard drives: documentary tests NAS technology

Manufacturing

  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double
  • World's first methanol dual-fuel VLCC "Kaituo" delivered in Dalian
  • China's superconducting quantum prototype 'Zuchongzhi 3.2' achieves key breakthrough
  • C909 has paved the way for China’s large passenger jet

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