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Alibaba visit may open door for housing upturn
Nearly 100 employees from Alibaba Group Holdings visited commercial property projects developed by Hangzhou-based Greentown China Holdings Ltd on Sunday in search of possible savings through bulk purchasing. Cash-strapped developers…
Gaopeng admits watch certificates faked
DAILY deals site Gaopeng admitted a retailer had counterfeited dealership authentication certificates of Tissot watches sold online last month. Gaopeng, partly owned by the world’s largest daily deals site Groupon,…
Weibo gives rumors no time to thrive
With millions of people sharing news and views every day through micro blogs, or Weibo, its no surprise that rumors spread so quickly. That’s why people like Tan Chao are…
Qihoo fights back against Citron’s report
CHINA’S Internet firm Qihoo 360 Technology Co yesterday disputed a report by shortseller Citron Research which called it “the most overvalued and misunderstood Chinese Internet stock,” causing its shares to…
Changing of the guard for PC leader Lenovo
China’s largest PC maker, Lenovo Group, announced the resignation of its founder and Chairman Liu Chuanzhi on Wednesday. The announcement coincided with the release of results for its second fiscal…
Leaving when company is on ‘track to success’
Four days after Liu Chuanzhi returned as chairman of China’s personal computer maker Lenovo Group in February 2009, he said: “I won’t retreat when (Lenovo) faces a failure, I will…
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