Kingsoft spins off online storage business, establishing Kingsoft cloud company
Kingsoft announced Tuesday to spin off its online storage business “Kuai Pan” and set up an independent subsidiary “Kinsoft Cloud” focusing on cloud storage market. The CEO of Kingsoft, Zhang…
Russian company Summa Group to buy a port in China
The russian port logistics company Summa Group in conjunction with the port of Rotterdam are considering the purchase of an asset in China. Chairman of the Summa Group Ziyavudin Magomedov…
Chinese court denied Apple’s right to brand “iPad”
The Court of Huizhou city (Guangdong Province) ruled that a local company Proview Technology owned the trademark “iPad”, and ordered the local retailers to stop selling the iPad tablet manufactured…
Chinese company Unipec to reduce purchases of Iranian oil
One of the two largest purchasers of Iranian oil in China – the company Unipec (China International United Petroleum & Chemicals Co., Ltd.), subsidiary of Sinopec – will reduce its…
Chongqing to build largest cloud computing base in Asia
Chongqing proposed to complete the largest cloud computing center in China for the first time in January 2011. The construction of “Liangjiang International Cloud Computing Center”, the largest cloud computing…
Foxconn to raise wages in its factories
Taiwanese electronic components manufacturer Hon Hai Precision Industry Co., Ltd., whose trade name is Foxconn, announced on Saturday to raise workers’ wages by 16-25% in its factories. Monthly earnings of…
Switzerland has come close to China with direct link between Zurich and Beijing
The Swiss Transport Minister Doris Leuthard took the inaugural flight Swiss Zurich – Beijing to visit five ministers of China and intensify bilateral collaboration. Switzerland has come close to Beijing…
The Retail Store at 35,000 Feet
THE RETAIL STORE AT 35,000 FEET How New Travel Trends in the Asia-Pacific Region Create New Opportunities for Airlines Author: Brett Proud EVP, New Markets & Products, GuestLogix Inc. Read…
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