50 Authors Sued Baidu

As China’s native search engine giant, Baidu was lately pushed to the teeth of the storm again because of the “suspected piracy of Baidu Wenku”. “Baidu has summited its reform plan to the Department of Copyright Administration (DCA). Right now, the Beijing Municipal Copyright Bureau (BMCB) is...

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Youku released 2010 annual financial report: everything so good

News on March 1st: Today, Youku(NYSE:YOKU) announced its fourth quarter and fiscal year 2010 ended by December 31st. Victor Koo, CEO of Youku and Dele Liu, Youku’s CFO said in the earnings conference call that Youku’s fourth quarter direct access traffic has increased to 58% comparing with the time when it was...

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Global buyers reluctant to use yuan but may do so in the future

More than 80 percent of those who participated in a recent Global Sources buyer survey said they are not using the yuan to settle purchases with China makers. Nearly half of them indicated that this is the case because the yuan is not circulated in their home nations. In countries where the yuan is readily available,...

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