Baidu to Invest 2 billion in Shenzhen for R&D Center

News from Shenzhen Economic Daily, the “China Tour 2011” Baidu marketing activities opened in Shenzheng yesterday. Deputy Mayor of Shenzhen city, Mr. Yuan Baocheng attended the event. As latest data from China Network Information Center shows, the number of China’s Internet users is increasing rapidly and has...

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Renren.com to launch NPO

Days ago, Renren Inc. submitted its prospectus to U.S. Securities and Exchange Commission (SEC), and formally started its way to IPO in America. Renren planed to raise $640 million with Morgan Stanley, Deutsche Bank AG and Credit Suisse Group AG as its underwriters. As the prospectus showed, the core assets of Renren...

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China online game market surpass 60 billion in 2011

As an important part of China’s newly-emerged industry in 21st century and digital publishing industry, the online game publishing has experienced 5 years of rapid but steady growth and has formed a daily perfected industrial chain and a relatively mature developing environment. In 2010, the actual sales income of...

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Tencent CEO Mahuateng: 150 Vertical B2C Will Exceed 100 Million in 2013

Ma Huateng, CEO of Tencent expressed in an IT leader summit held in Shenzhen today that the market scale of consumer electronic field will achieve 100 billion and there will be more than 150 vertical B2C websites with sales volumes of over 100 million in the next few years. He said, in 2010, the scale of whole online...

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Practical guide on how to verify chinese company

Thanks to ecommerce, companies in US are able to sell products/service to China, a country you have not yet visited, you don’t speak the language, you are not aware if the legal systems are similar, you don’t know and don’t have the resource to know if the counterpart Chinese companies are real. So we face a...

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