Walmart invests in China’s 360buy.com

Walmart, the world’s largest retailer by sales, has invested in China’s largest e-commerce consumer electronics seller, 360buy.com, in a move that underlines the growing interest of global retailers in China’s rapidly growing online market.The retailer was one of six investors in a round of funding that raised $500m for 360buy, whose rivals include Taobao, the dominant online marketplace owned by

China official sees room for U.S. trade target: FT

HONG KONG (MarketWatch) -- China and the U.S. have the basis for a pact setting specific targets to cut their trade imbalance at next month's Group of 20 nations summit, according to a senior adviser to the Chinese central bank quoted in a Financial Times report Wednesday. "China should not be afraid of numerical targets for reducing its trade surplus," said Li Daokui, a member of the

SouFun Holdings' IPO goes through the roof

http://www.soufun.com/Shares of SouFun Holdings, an online real estate services provider, soared nearly 73 percent in the debut on the New York Stock Exchange Friday, as confidence in China's property market remains strong. Shares of the company, which controls almost half of China's online real estate advertising market, closed at $73.50, 72.9 percent above its offering price, the

Chinese factories struggle as wages rise ‎

SHENZHEN, China Caixin Online -- Standing in a light rain, dozens of young men and women quietly waited at the closed gates of a Foxconn Technology Group recruiting office. One woman said she'd traveled from another electronics company factory nearby to check out Foxconn's offer to increase salaries by up to 2,000 yuan ($295) a month. She called that kind of pay "unbelievable" for

Qingdao Haier senior management changes

November 12, the Haier senior management changes. Zhou Yunjie will serve as Executive Director and Li Huagang as COO.Haier announcement said Cao Chunhua due to changes in the workings of the Haier Group, has resigned from the executive director. The change has came into effect since November 12, 2009.Zhou Yunjie, the general manager of Haier Electronics Group was appointed as Executive Director.

Pierre cardin sells part of business in China

On the 29th, Pierre Cardin announced that it will sell its garments and clothing business in China to two Chinese companies, total 200 million euros.87-year-old Pierre Cardan said that in the past two months, the company has negotiated with Chinese companies on the sale of 32 kinds of authorized products. He pointed out that the sale contract will soon be signed.The spokesman of Pierre Cardin

Tencent earned $366.4 million in Q1, net up 94%

Chinese Internet portal operator Tencent Holdings Ltd. said Wednesday its first-quarter net profit rose a better-than-expected 94% from a year earlier on higher revenue from Internet services. This figure breaks down into $278 million strictly from sales of Internet virtual goods and related services and $64.3 million from mobile sales of virtual goods and services. The remainder of Tencent's

Blizzard partners with NetEase for China opps

Blizzard just confirmed it's gone with NetEase for its Chinese licensing, as has been rumoured for the last few days.The9 was the previous holder of the contract.NetEase will now run the Chinese version of World of Warcraft “for a term of 3 years following the expiration of the current license agreement.”“We appreciate the enthusiasm that Chinese gamers have shown us over the years, and we've