Simena Enters Chinese Market
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Simena, a leading manufacturer of innovative network testing equipment,  announced today that it has signed a distributorship agreement with  Beijing Infoway Technology Corporation which is one of the leading  suppliers of network testing and measurement solutions in China.
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(InfoWorld) - Microsoft Corp. will invest in Chinese electronics maker Sichuan Changhong Electric Co. Ltd. as part of a project to link televisions and consumer entertainment devices with the Internet. Microsoft China agreed to buy 15 million newly issued Changhong shares at a price of 6.27 renminbi per share, according to a Changhong filing (in Chinese) with the Shanghai Stock Exchange. Microsoft's planned stake in the company is worth 94.1 million renminbi (US$12.3 million). Changhong's announcement follows an agreement between the two companies, signed Friday, to cooperate on a project called Media Galaxy. The goal is to develop, manufacture, and sell televisions, computers and digital entertainment products that connect to the Internet, Changhong said. It did not offer further details. Terms of the investment deal require Microsoft to hold on to its Changhong shares for at least three years.
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BERLIN - German-based chemical maker BASF AG said Monday it is buying a Chinese company that makes motorcycle emissions-control catalysts.  The value of the deal for Guilin Reecat Catalyst Co. Ltd. of China was not disclosed.
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By Yin Ping  SHANGHAI: The city is gearing up the largest ever platform for Chinese manufacturers looking to enter the global sourcing network.
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SHANGHAI  - Computer maker Lenovo&#39;s landmark purchase of the PC business of one of America&#39;s most vaunted corporate names adds to a growing list of ambitious Chinese companies seeking to make a name for themselves on global markets.
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A Chinese herbal drug that is strikingly effective against malaria is in critically short supply because of rising demand.
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(InfoWorld) - A Chinese PC maker today introduced a low-cost PC designed for customers in rural China that can be used with a television as a display. The 998 renminbi ($129) Tian En GX-2 was developed by Sichuan Sinomanic Technology, based in the western Chinese city of Chengdu, and is being pitched as a low-cost system that can help narrow the "digital divide" between China's rural and urban areas. The GX-2 is based on a 400MHz MIPS processor from Raza Microelectronics. It runs either a version of the Linux operating system or FutureAlpha, a Chinese-developed operating system. The GX-2 has128MB of DDR (double data rate) DRAM, one USB 2.0 port, a 10/100MbpsÂ Ethernet adapter, and a 1GB SD (Secure Digital) memory card to store data. The PC, which does not include a monitor, has a VGA (video graphics array) output for computer monitors as well as a TV output. This capability could help some users save money as televisions are found in most homes across China. Software that comes bundled with the GX-2 includes an Internet browser, a Chinese-English dictionary and a calendar application for managing appointments, among others, Sinomanic said. The price of the GX-2 is roughly the same as the laptop developed by the One Laptop Per Child (OLPC) project, which the group recently saidÂ costs about $130. That system is expected to enter volume production during the third quarter of this year. Â
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China's banking industry officially opens to full foreign competition on Monday, a landmark for the country's financial sector and a day of reckoning for the country's mostly state-owned banks.
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Storage hardware vendor Iomega has signed a deal to buy sister hardware vendors indirectly owned by the Chinese government in an effort to expand the company&#39;s product line.
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China, already a manufacturing  powerhouse, is flexing its financial muscles as companies based  there snatch up famous-name products from established companies  in the United States and Europe looking to divest low-margin  businesses.
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The European Union wants greater access to the Chinese market, especially in the auto and textile industries, a ranking official with the European Commission said.
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A financial portal is born in China.
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SHANGHAI, China - Focusing on the fast-growing Chinese market, Japan&#39;s Toshiba and major Chinese appliance maker TCL have signed a broad agreement to cooperate in making and marketing appliances in China, the companies said Thursday.
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Mengniu sale   An investor in China Mengniu Dairy Co has offered 65 million shares for sale, which may raise as much as HK$1.4 billion, Sing Tao Daily reported yesterday, citing unnamed sources.
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Prima competizione internazionale per banca Stato cinese
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(InfoWorld) - It's taken a few years, but the BlackBerry is finally coming to China. Research in Motion (RIM) co-CEO Jim Balsillie announced the news during a conference call with analysts late last week, saying that the devices had finally been certified for sale in China during the first quarter of 2007. "We're finalizing delivery availability in the mainland. We're excited to move forward to deliver BlackBerry to corporate customers in key cities such as Beijing, Shanghai, and Guangzhou, where there's strong interest in the BlackBerry solution," he said during the call. RIM has been working with China Mobile CommunicationsÂ to launch the "push e-mail" devices in China, but it has struggled to clear regulatory hurdles. Last year, RIM had said itÂ expected to be selling the BlackBerryÂ as early as May 2006. With more than 400 million mobile device subscribers, the fast-growing China market is an attractive one for RIM. On Thursday, a company spokeswoman could not say when the BlackBerry was set to be introduced, but a report in Toronto's Globe and Mail said the BlackBerry 8700g would show up in Chinese shops by month's end, retailing for approximately CDN$700 (US$661). The BlackBerry delay has provided an opportunity for China Mobile's rival, China United Telecommunications Corp. (China Unicom), whichÂ introduced its own "RedBerry"Â push e-mail service last year. Â
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Lenovo Group&#39;s takeover of IBM&#39;s personal computer business is a giant step in a multibillion-dollar foreign expansion by China, which is buying auto, television and telecommunications companies abroad.