Alibaba Group Holding Ltd said on June 11 that it will buy all the remaining shares of mobile browser company UCWeb Inc in China's biggest Internet deal, as the Hangzhou-based e-commerce giant is seen stepping up its spending spree before its much awaited initial public offering in the United States.
Alibaba Group Holding Ltd, China's largest e-commerce company, is expanding its US operations through an invitation-only website for retailers called 11 Main.
After Hewlett-Packard was born in a one-car garage in Palo Alto, California, it took 75 years for it to grow into the global computer behemoth it is today. And since HP set up shop in Chongqing, it has taken the city in Southwest China only a few years to become a global giant in making laptop computers.
Just like the rest of the world, Africa is lapping up laptops made in Chongqing. Three years ago only four African countries imported them, but by 2013 that number had shot up to 21 countries and regions, the Chongqing Foreign Trade and Economic Relations Commission says. Laptops from the city account for a quarter of all the laptops produced in the world, says the Chongqing's Municipal Commission of Economy and Information Technology.
"Some medicines that are suitable for online sales will have a big market."
Trade
Making the most of what you have, however and wherever, is a virtue one Chinese company is embracing as it grapples with overcapacity.
Hope is on the rise that China's economy is growing steadily following a more encouraging performance in the manufacturing and service sectors in May.
Global executives are still optimistic about the Chinese economy, ranking the country the second most attractive destination for foreign direct investment, a report showed On June 3.
China will overtake Japan to become the world's second-largest entertainment and media market by the end of 2018, next only to the United States, according to the Global Entertainment and Media Outlook 2014-18, published by global consultancy PricewaterhouseCoopers on June 3.
A new development bank to be launched by five major emerging economies will help developing countries to effectively handle the challenges they face, financial experts say.
Offshore gold contracts denominated in renminbi, the Chinese currency, will be traded in the China (Shanghai) Pilot Free Trade Zone later this year, top officials of the Shanghai Gold Exchange said on June 4.
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
