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China phones hurt Samsung profits

A woman walks past an advertisement for Samsung smartphone in Seoul yesterday. Samsung reported a near 50 percent fall in third-quarter net profit as its key smartphone business faltered amid growing competition from Chinese firms in the increasingly saturated market....

October 31, 2014, Friday


Lenovo’s Motorola buyout done

Lenovo Group yesterday announced the completion of its acquisition of Motorola Mobility from Google in a US$2.9 billion deal — a move by the world’s biggest personal-computer maker to expand its business beyond the PC market....

Rich Zhu | October 31, 2014, Friday


Exports, investments lift US economy 3.5%

The US economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years....

October 31, 2014, Friday


Xiaomi ranked world No. 3

Xiaomi Inc has become the world’s third-largest smartphone vendor and taken the lead in China since entering the market only three years ago, research firms said yesterday....

Zhu Shenshen | October 31, 2014, Friday


Electricity powers stocks

Shanghai stocks yesterday rose for the third straight day as talks of reform gave a boost to the power sector....

Ji Xiang | October 31, 2014, Friday


Current account deficit up

China’s capital and financial account deficit widened in the third quarter as the country became a net capital exporter, the State Administration of Foreign Exchange said yesterday....

October 31, 2014, Friday

More News


CITI launches premium credit card in China

Citibank launched its top-tier credit card product ULTIMA in Shanghai yesterday, targeting the rising affluent in China’s mainland such as business elites and entrepreneurs. The launch of ULTIMA credit ...

Hu Xiaocen | October 31, 2014, Friday


Record transactions of yuan in September

THE yuan set a global transactions record in September amid a heightened effort to internationalize the Chinese currency....

Feng Jianmin | October 31, 2014, Friday


UK report predicts US$168b investments by Chinese firms

China is expected to invest about 105 billion pounds (US$168 billion) in the United Kingdom over the next decade with domestic companies increasingly looking at Western markets, experts said yesterday....

Jane Feng | October 31, 2014, Friday


Changsha-Duisburg linked

The first regular cargo train (right) linking central China’s Hunan Province and Germany waits to be flagged off in Changsha yesterday. It will take 18 days to transport goods from the Hunan capital...

October 31, 2014, Friday


Online firms, customs tie up for Singles Day

AHEAD of next month’s Singles Day, a number of e-commerce companies are working with customs authorities to speed up clearance and delivery of imported goods as overseas online sellers look to cash in. ...

Ding Yining | October 31, 2014, Friday


Consumers warned over banned products

SHANGHAI inspection and quarantine authorities have urged the public to be careful while making online purchases abroad. Officials said they had intercepted nearly 10,000 boxes of yoghurt in 140 batches ...

Yang Meiping | October 31, 2014, Friday


Sina Weibo eyes new functions to drive sales

SINA’S microblogging site Weibo plans to launch more functions after unveiling a payment system earlier this year as it aims to drive income not only from advertising but from online transactions, company ...

Ding Yining | October 30, 2014, Thursday




 

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