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

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

Microsoft bing published illegal medical advertisements in China

China's Anti-Malicious Software Alliance announsed that many net users complaint illegal medical advertisements in Microsoft Bing. After the investigation, the China's Anti-Malicious Software Alliance says there are lots of advertisements violate the Standards for the Examination and Publication of Drug Advertisements, Regulations for the Implementation of Drug Administration Law of the People's

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

High Abandon Rate of Online Shopping Cart

According to a market analysis released by the iPerceptions recently, there is a high abandon rate of online shopping cart. The report found that in the online traffic, there are 16% of people have the shopping will, but only half of those buy something, others give up.In the 50000 respondents, 47% of these online users' main objectives are visit, survey and contrast products. In addition to

Sina.com.cn Set Up

On December 1, 1998, Sina.com.cn set up. Sina Corporation (NASDAQ: Sina) is a leading online media company and value-added information service provider in China and the global Chinese communities. With a branded network of localized web sites targeting Greater China and overseas Chinese, the Company provides services through five major business lines including Sina.com (online news and content),

3COM Bought Huawei Stake in H3C

November 29, 2006, Huawei's official website showed that Huawei has accepted the bid offer from 3COM, the two sides have completed the the bid process of Huawei H3C Technologies Co., Limited.According to the H3C shareholders agreement, 3COM launched the bid process from November 15, 2006. After the bidding, Huawei reply 3COM on November 28, formally accepted the bid offer of 3COM. After carrying

Chinese People First Time to Registered Top-level Domain Name CN

November 28, 1990, Qian Tianbai registered top-level domain CN in the SRT (the predecessor of Internet's) on behalf of China. And then he established a CN DNS (Domain Name Server) abroad.Qian Tianbai kept the place on the Internet for China, so that the Chinese domain name was not registered by foreigners.September 20, 1987, Qian Tianbai sent the China's first e-mail through the Internet to the

InfoHighWay Collective Resignation

November 26, 1998, InfoHighWay, one of the pioneers of the China Internet Network released a big news. 15 senior executives resignd.On the resignation list, there were vice president Hai Yang, Lu Gao, Song Yizhi and head of the center Wang Nianqing, Wang Yumei, Jiang Xuehai, Shen Chao, Zhou Yu, Meng Limin and the general managers of Shenzhen, Fuzhou, Xi'an, Harbin, Shenyang, Shanghai, Guangzhou