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Chinese search engine company Baidu is rumored to be talking with U.K. digital sports media group Perform Group to establish a joint venture in China. Perform's core business is purchasing digital copyrights of various high-level sports events, displaying those events on online with its powerful digital editing capacity, and attracting money with its traffic. In addition, Perform specializes in sports data consulting analysis and ...
Chinese retailer Gome says its e-commerce website Gome.com.cn will launch a hotel reservation service on June 18, 2015. With the launch of this new service, users will be able to book hotels via the hotel channel of Gome.com.cn. The hotel channel will enable booking of 280,000 hotels across China. This marks the company's latest deployment in the online tourism market following the launch of a flight ticket service at the beginning of 2015. In ...
South Korean electronics maker Samsung announced that the company will soon launch its mobile payment service Samsung Pay and will expand this service into Chinese and European markets. Injong Rhee, Samsung's executive vice president, told investors during a company activity in Seoul that they plan to launch mobile payment services in South Korea and America in September 2015, which will be the same time of launching its next-generation ...
Chinese online game and mobile Internet application developer NetDragon announced that Simon Leung, former Microsoft worldwide senior vice president and Greater China CEO, has joined NetDragon as deputy chairman of the board of directors. Meanwhile, Leung will be chief executive officer of Huayu Education Technology Company Limited, a subsidiary of NetDragon, leading the company's overall strategy development and daily operation. In addition, ...
Whether China shares are in a bubble depends on which data bit catches the fancy, but the market has outstripped its fundamentals and is 23 percent overbought, Credit Suisse said. "Margins, profitability and value creation continue declining as productivity growth lags real wage growth and product selling prices are eroded," Credit Suisse said in a note Friday. "Moreover, equity market price momentum has decoupled away from ...
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