UPS to Pay $100 Million for China Network
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United Parcel Service Inc. said on Thursday it will pay $100 million to take over most of the international express delivery operations of its Chinese partner, Sinotrans.
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In a sign of the stronger economic ties between the U.S. and China, Verizon Communications Inc. is part of a plan to spend $500 million building the first high-speed optical communications line linking the two countries.
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Together, companies plan to offer 100 million users in the United States high-speed mobile Internet service by the end of 2008.
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U.S. telephone carrier Verizon  Communications Inc.  is set to sign an agreement as early  as Monday with five Asian telecoms companies to build the first  high-speed, transpacific undersea cable system directly linking  the United States and China, the Wall Street Journal reported  on its Web site on Monday.
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(InfoWorld) - A China Telecommunications Group (China Telecom) subsidiary in Jiangsu province and Hewlett-Packard are offering customers a desktop computer with broadband Internet access for 198 renminbi, or $26, per month. The promotion offer underscores how competitive China's PC and Internet markets have become, and the extent to which the market has become saturated after years of breakneck growth. For a monthly payment of 198 renminbi and a 27-month contract, China Telecom customers in Taizhou, Jiangsu province, get an HP Compaq DX2308 desktop PC with a 3.2GHz Intel Celeron D processor, 512MB of RAM, an 80GB hard drive, and a 17-inch CRT monitor, according to an online advertisement (in Chinese). The bundle includes 150 hours of broadband Internet access per month, most likely a 512Kbps DSL (digital subscriber line) connection, the most common in China. For an additional 700 renminbi, customers can upgrade to a 17-inch LCD (liquid crystal display) monitor. A similar deal is available in other Jiangsu cities, including Nantong (in Chinese). This isn't the first time China Telecom and HP have offered a PC bundled with broadband for 198 renminbi. Similar deals were offered in Jiangsu province earlier this year. Bundles like this are not yet common in China, although several vendors have experimented with them and seen mixed results, said Bryan Ma, director of personal system research at IDC Asia-Pacific. Besides the low-cost desktop, China Telecom and HP are offering a couple of other options to Taizhou customers, including an HP Compaq NX6515 notebook with a dual-core 1.6GHz Turion 64 X2 processor, 512MB of RAM, an 80GB hard disk, and a 14-inch screen. The notebook deal involves a one-time payment of 6,998 renminbi, or $923, and includes 1,660 hours of broadband Internet access during school vacation periods. HP may be the world's biggest PC maker, but the company still lags behind Lenovo Group in China. During 2006, the company was the fourth-largest PC maker in China, with a market share of 8.2 percent. HP's market share increased to 12.5 percent during the first quarter of 2007, thanks to aggressive notebook sales, Ma said
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Billions of dollars worth of global telecommunications networks bought or built by United States investors now belong to Chinese, Indian and other non-American companies that have snapped them up for a fraction of their cost.
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Singapore-based PSA International is leading a pack of shipping giants, which includes tycoon Li Ka-shing&#39;s flagship Hutchison Whampoa, that are prepared to shell out upward of US$1 billion (HK$7.8 billion) to buy CSX World Terminals&#39; port assets
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Comcast said Monday that it would offer its high-speed Internet service through Amazon, and provide a $100 gift certificate for the retailer to those who sign up through the partnership.
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U.S. telephone carrier Verizon Communications Inc.  is set to sign an agreement as early as Monday with five Asian telecoms companies to build the first high-speed, transpacific undersea cable system directly linking the United States and China, the Wall Street Journal reported on its Web site on Monday.
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BEIJING: Pakistan has decided to give $100,000 as compensation to the family of Wang Peng, the Chinese engineer who died during the operation to rescue him and his colleague from abductors and $50,000 to Wang Ende, another Chinese hostage who was rescued
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China Netcom, the smallest of Chinaâs four big telecoms carriers, raised US$1.13 billion from a Hong Kong and New York IPO priced just above the mid-point of its indicated range, sponsor Goldman Sachs said on Wednesday.
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China has begun laying a 500-million-dollar fiber optic cable to the United States that will be vital in meeting booming Internet traffic between the two nations, state press reported Tuesday.
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Samsung Electronics, the worldâs second-largest memory-chip maker, said on Thursday it would make a $100m provision against possible fines in an ongoing US antitrust investigation.
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Net gear provider will spend $100 million on drumming its name into consumers' heads--not its usual IT decision-making audience.
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HONG KONG - Virgin is planning to launch a mobile phone service in China as a 50-50 joint venture with a Chinese company within a year to 18 months, according to reports.
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Regional airline carrier announces $100M stock repurchase.
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China Network Systems, Taiwan's largest  cable TV operator, has decided to sell itself to MBK Partners,  in a deal expected to fetch up to $1.6 billion, according to  media reports on Monday.