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Every minute, 26 mobile phones, 266 pieces of clothing, 136 cosmetic products, 23 laptops, 60 pre-paid mobile phone cards and 48 books are sold online through taobao.com, China's largest online shopping website. Last year, China's cyber-shoppers spent a total of 120 billion yuan online, up over 128 percent since 2007. According to a report jointly...
Motorola China laid off almost 1000 employees on Tuesday from its mobile research and development department, the Beijing Evening News reports. An executive in Motorola China's electronics department confirmed the layoff on Wednesday, without giving a specific number. But a Motorola financial report for the last quarter of 2008 indicated that the i...
Canada posted a trade deficit of 458 million Canadian dollars (about 373 million U.S. dollars) in December, marking the first trade deficit since 1976, federal agency Statistics Canada reported Wednesday. Canadian exports dropped 9.7 percent, the largest one-month percentage decline since October 1982, to 35.3 billion Canadian dollars, as volumes and ...
Alstom has decided to expand its investments in China and plans to set up new factories there in 2009, said Patrick Kron, the company's Chairman and CEO. Alstom's new factory established for Wuhan Boiler Company will be built and put into operation in the suburbs of Wuhan in the second half of this year, becoming Alstom's largest boiler factory in the...
Hong Kong and New Zealand have agreed to resume formal negotiations on a bilateral trade agreement, with the first round of the talks planned for late April or early May this year, the Hong Kong Special Administrative Region (HKSAR) government said Tuesday. A preparatory meeting will be held in Hong Kong in March to prepare for the resumed negotiations...
The trade volume of China's online shopping last year increased by 128.5 percent to 120 billion yuan ($17.56 billion), according to a report released on Tuesday. The number of online shopping registers increased by 185 percent from a year earlier to 120 million, according to the report, jointly released by research firm iResearch and China's large...
Benefiting from its online gaming and advertising incomes, Sohu's fourth-quarter profit for 2008 has more than tripled from the same period a year earlier. Sohu.com announced Monday that its total revenue for the last quarter of 2008 reached over 121 million US dollars, marking an 86 percent year-on-year rise. With that sharp increase, its net inc...
The Hong Kong Special Administrative Region (HKSAR) government confirmed Tuesday to Xinhua that it had urged the HSBC to clarify the reports that the bank was planning to lay off 1,000 employees in Hong Kong. A spokesperson with HKSAR's Labor and Welfare Bureau told Xinhua that it had contacted the HSBC to gain a better understanding of the layoffs rep...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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