Google expects its position as the world’s most popular online search site and sales from fast-growing Asian markets, including China, to help the company weather any United States recession. ‘One of the very good sources for Google is the very rapid growth in Asia,’ said Eric Schmidt, chief executive officer of Google, which gets almost all its revenue from advertising next to search results. Historically, people tend to shift their money to the most ‘highly measured’ advertiser when there are ‘economic difficulties,’ he said recent at a briefing in Beijing […]
Tag: Hong Kong
China has told its six telecommunications companies to merge their assets, allowing fixed-line carriers to expand into wireless services and creating three operators that will offer phone and Internet connections to 1.3 billion people. Under the plan, the parent of China Telecom will buy a mobile phone network from the parent of China Unicom, which in turn will merge with the company that controls the China Netcom Group, the Ministry of Industry and Information said in a statement on Saturday. China will issue three third-generation wireless licenses after the overhaul is completed, it said…
The number of expats living in Shanghai and those working in local foreign-invested enterprises almost doubled from 2002 to 2006, according to a Shanghai Federation of Trade Unions report released recently. Issued every five years, the report said there were a total of 119,876 expatriates living in the city in 2006, compared to 61,610 in 2002. The number of expats working in foreign-invested companies in the city increased from 40,076 to 76,873 over the same period…
Shanghai maintains the highest quality of life on Chinese mainland for Asian expats, but environmental pollution problem is still a concern, according to the latest survey. The Location Ranking Survey, conducted by one of the world’s largest human resources organizations, ECA International, ranked Shanghai in 11th place in Asia and 78th in the world in terms of expat living conditions. The city retained its top spot among the 13 cities in Chinese mainland that included Beijing, Nanjing, Tianjin, Shenzhen, Guangzhou and Xiamen […]
In cooperation with China’s Ministry of Education, Autodesk has launched China Student Design Community to provide free digital design tools to Chinese students, in order to support of China’s digital design innovation and engineering education. Previously, the company has made investments in China’s education field, including the establishment of joint labs in five Chinese universities of Tsinghua University, Tongji University, Harbin Institute of Technology, South China University of Technology and Shanghai Jiaotong University. The company has also sponsored China’s Development and Design program through which it has reached partnership with Beijing Software and Information Service Promotion Center, providing software and development tools to Chinese designers…
The parent of China Mobile (0941.HK: Quote, Profile, Research), the country’s top wireless operator, have started commercial trials of a homegrown third-generation wireless standard, TD-SCDMA, in eight cities on April 1, state media said recently. Shares in several Hong Kong-listed equipment vendors, including China Communications Services Corp Ltd (0552.HK: Quote, Profile, Research) and China Wireless Technologies Ltd (2369.HK: Quote, Profile, Research), rose on Friday, as investors anticipate heavy spending on telecoms gear.
The commercial trials will help to improve TD-SCDMA technology, as well as provide better mobile services during the Beijing Olympics, according to Xinhua News agency […]
Heavy white storms staged a comeback late yesterday as China’s transport network remained crippled by the heaviest snowfall in five decades. Millions of people trying to head home for the Spring Festival are stranded. The big freeze has killed dozens of people, impacted on the lives of at least 80 million others and caused economic losses estimated at more than 53.8 billion yuan (US$7.5 billion)…
The total number of billionaires in China has risen to second place in the world, just behind the US, Yangcheng Evening News reported recently: The 2007 top 500 Chinese magnates list was recently released in Hong Kong, the combined wealth of the 500 magnates exceeds 4,342.6 billion yuan (US$ 587 billion). The number of Chinese magnates with more than one billion dollars in assets has reached 146, compared to 85 last year […]
The following are the top 10 domestic news events in the year 2007 selected by Xinhua News, China’s Official News Agency (in chronological order): 1. China’s top legislature, the National People’s Congress (NPC), adopted a landmark property law on March 16, granting equal protection to public and private properties. 2. Serious pollution caused a sudden stenchy algae outbreak in China’s third largest freshwater lake Taihu in late May, cutting tap water supply to more than one million residents in Wuxi, Jiangsu Province…
More than 70 percent of Hong Kong households have a personal computer connected to the Internet, strengthening the city’s status as one of the world’s leading digital hubs: Hong Kong’s Census and Statistics Department said that the figure represents a slight rise on last year when 71.7 percent of households had a computer and 67.1 percent had it connected to the Internet. The survey conducted in mid-2007 found 1,671,600 households, or 74.2 percent of all domestic premises in Hong Kong, had a personal computer. Of them, 94.5 percent had their computers connected to the Internet, representing 70.1 percent of the city’s households […]