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Amazon set to ring the changes in Chinese e-commerce market

Amazon.com Inc, the world’s largest e-commerce company by market share, on Thursday announced the opening of its latest order-fulfillment center in Kunshan, Jiangsu province. The company expects to double the…

Baidu sees strong Q4 sales

Top Chinese search engine Baidu Inc forecast strong sales that topped Wall Street estimates, after reporting robust quarterly earnings, shrugging off concerns that a weak economy could hit advertisers. Baidu…

Sony, Ericsson set to separate

LM Ericsson and Sony Corp announced yesterday they will go their separate ways as Ericsson sells its 50 percent stake in mobile phone maker Sony Ericsson to Sony for 1.05…

Bill Gates opens door to help China

China’s Ministry of Science and Technology signed a memorandum of understanding with the Bill & Melinda Gates Foundation to invest together in research and development of new products and technologies…

AVIC International expands to online antiques auction

AVIC International Holding Corporation, a State-owned company, has tapped into a segment of China’s e-commerce industry by investing in an online antiques auction platform, epailive.com. AVIC International’s operations cover a…

Gaopeng posts loss due to stiff competition

GAOPENG, which is partly owned by Groupon, reported a net loss of US$46.5 million since it was launched in March in China, forcing it to lay off staff and close…