Posted by: Sophia Fu on Mar 19 2010

Sports brand enterprise Li Ning (2331.HK) expects pre-orders in the third quarter to grow more than 20% on an annual basis, and estimates that pre-orders in the first and second quarters will rise by 11.6% and 15.4% year-on-year, respectively, yikuo.com reported March 18 citing company Executive Director and Chief Financial Officer Zhong Yiqi in Li Ning's March 18 conference call...

Posted by: Cherry Zhang on Mar 19 2010

Shanda (Nasdaq:SNDA) plans to start co-operating Kingsoft's (3888.HK) in-house developed 3D martial arts MMORPG JX Online 3 in May this year, 17173.com reported citing a March 19 Shanda announcement. The companies have agreed that Kingsoft will be responsible for game content and quality, while Shanda will distribute and promote the game, the report said...

Posted by: Kiki.yang on Mar 19 2010

Drought in China's southwest is putting a strain on the supply of coal for electricity, with some cities and provinces already seeing blackouts and power shortages, while Sichuan province suppliers already have less than seven days of power supply, China Economic Net reports March 19...

Posted by: Kiki.yang on Mar 19 2010

China Construction Bank (0939.HK, 601939.SH) and Guangdong Development bank has raised the down payment on loans for first-time home purchases from 20% to 30%, while some other Guangdong province banks, including Bank of China (3988.HK,601988.SH), have implemented a reduced, 15% discount on benchmark interest rates available to first-time home buyers, reports Nanfang Daily...

Posted by: Kiki.yang on Mar 19 2010

Shanghai-based real estate services company E-House (China) (NYSE:EJ) established two real estate-related funds, a $100 million overseas fund and a RMB 880 million fund, shortly its listing on the New York Stock Exchange, reports zero2ipo.com.cn citing E-House Chairman of the Board Zhou Xin...

Posted by: Sijia Xie on Mar 19 2010

Hong Kong-based polysilicon producer and power plant operator GCL-Poly Energy Holdings (3800.HK) recorded revenues of RMB 4.36 billion in 2009, up 23.7% from the previous year, the company announced March 18...

Posted by: Sophia Fu on Mar 19 2010

Electronics company Skyworth (0751.HK) announced March 18 that sales of its LCD TVs increased by 70% year-on-year to 335,700 units in February in China. Revenues from the company's China TV business unit grew 61% in February compared with the same period 2008.

Posted by: Sijia Xie on Mar 19 2010

Brazil¡¯s Vale (NYSE:VALE) aims to life its 2010 iron ore benchmark price by 90% to 100%, Sina reported citing Luo Bingsheng Vice President of the China Iron and Steel Association (CISA) March 19. The current iron ore price negotiations are the responsibility of the enterprises involved, but the Ministry of Industry and Information Technology (MIIT) will continue to pay attention on the issue, MIIT spokesman Zhu Hongren told Sina March 18...

Posted by: Cherry Zhang on Mar 19 2010

Sohu's (Nasdaq:SOHU) online gaming subsidiary Changyou.com (Nasdaq:CYOU) announced March 19 that it plans to start open beta testing of "Tian Long Ba Bu 2," an expansion pack for its in-house developed 2.5D martial arts MMORPG Tian Long Ba Bu, on April 2, 17173.com reported March 18...

Posted by: Cherry Zhang on Mar 19 2010

Hangzhou-based business-to-business (B2B) e-commerce company Alibaba.com (1688.HK) has officially entered the Brazilian market through its partnership with local company Luda Trade, Xinhuanet.com reported March 19...

Posted by: Cherry Zhang on Mar 19 2010

Xu Yiran, formerly director of strategy and investment at Giant Interactive (NYSE:GA), confirmed March 18 that he will join Perfect World (Nasdaq:PWRD) as the company's Vice President of strategy next week, DoNews reports...

Posted by: Sophia Fu on Mar 19 2010

HP (NYSE:HPQ) has acknowledged that some of its notebooks sold in mainland China have quality problems related to video cards or displays, according to a posting on China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) site on March 18...

Posted by: Ana Swanson on Mar 19 2010

The Shanghai Composite Index rose 0.71% to close at 3,067.75, while the Shenzhen Composite Index rose 0.81% to end at 1,181.5 on Friday, March 19. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were RMB 103.21 billion and RMB 78.94 billion, respectively.

The mainland's finance and insurance sectors posted modest gains overall, while the property sector continued to rally...

Posted by: Tom Telford on Mar 19 2010

The Hang Seng Index rose 0.19% to close at 21,370.82 on Friday, March 19. Main board trading volume increased to HK$58.73 billion.

Aluminum Corporation of China (Chalco) (NYSE:ACH, 2600.HK, 601600.SH) rose 3.32% in Hong Kong after parent company Chinalco signed a memorandum of understanding with Rio Tinto (NYSE:RTP, LON:RIO) to acquire a 47% interest in Rio Tinto's Simandou iron ore project in the Republic of Guinea for $1.35 billion, Rio Tinto announced March 18...

Posted by: Cherry Zhang on Mar 19 2010

Alibaba's consumer-focused e-commerce site Taobao.com spent an average of RMB 500,000 per day in commission payments to Taobao.com promoters by late 2009, Sina reports quoting data supplied by Taobao.com...