CHINA

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Yahoo says Beijing likely blocking photo site

Flickr.com, one of the world's most popular online photo-sharing sites and owned by Yahoo Inc., is likely being blocked by the Chinese government, Yahoo's Hong Kong unit said on Tuesday.

Merchants Sec hires bankers for China IPO -sources

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Merchants Securities Co., the brokerage arm of China's top port operator Merchants Group, has hired Chinese joint ventures of UBS and Goldman Sachs to underwrite its proposed domestic IPO, sources close to the situation said on Wednesday.

Yahoo shareholder vote challenges board

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A strong minority of Yahoo Inc. shareholders challenged the Web company's direction on Tuesday by voting against board-nominated directors at the annual meeting, and investors confronted Chief Executive Terry Semel.
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Korean Air to Launch Low Cost Carrier

Korean Air Co. said on Monday that it would launch a low-cost carrier within three years, making it the largest Asian airline to target the budget aviation market.
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Dell Does Retail

Dell Inc.(NASDAQ: DELL) said yesterday it plans to start selling its personal computers through Wal-Mart Stores Inc.(NYSE: WMT) in North America next month, departing from the direct-to-consumer business model it was founded on.
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Abe Offering to Yasukuni Shrine Reignites Controversy

Prime Minister Shinzo Abe made an offering to the controversial Yasukuni Shrine during a Shinto festival in late April, a chief Cabinet official revealed Tuesday, reigniting a dispute among Japanese leaders, some who believe the act may harm foreign relations.
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Lenovo Expands PC Retail Presence

The world's No. 3 PC Maker, Lenovo Group Ltd., is expanding its reach into the small and medium-sized business retail market, announcing Thursday that select computer models will be available at over 300 Best Buy for Business stores.
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Hynix Overturns DRAM Market with Remarkable Quarter

Hynix Semiconductor Inc.'s remarkable performance in the lucrative memory market for DRAM surpassed all but one of its rivals, as it rose to take second place in market share growth and revenue in the fourth quarter, and all of 2006.
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Ebay Changes Strategy in China

Online auction firm eBay Inc. (NASDAQ: EBAY) is shutting down its main Chinese web site and is launching a joint venture with a local partner, marking a strategic shift as the U.S. company tries to penetrate China's market.
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Cisco Gets $50M Stake in Chinese Telecom

Cisco Systems announced that it has made an investment of US$50 million in China Communications Services Corporation Limited (CCS), on Thursday, making the firm the largest foreign investor in the Chinese telecom company.
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Smartphone Preferences Vary by Region

Smartphone sales over the next few years will be driven by emerging applications a new study finds, with different world regions seeking different mobile functionality.
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Environment Ministers to Review Kyoto in 2008

Environment ministers from over 180 nations gathered on Friday in Nairobi to mark the end of a two-week UN climate summit. Delegates agreed to review the Kyoto Protocol in 2008 in order to expand the fight against global warming beyond 2012.
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Report: China Economy Needs Structural Reforms

China supply levels are in line with demand needs, noted a report released on Tuesday, however policymakers remain concerned over its short term macro imbalance which results from its swelling trade surplus which skyrocketed to$24 billion in October and has urged reforms to be implemented.
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Notebook Computers Fuel Growth in Asia

Research released on Friday shows that the PC market in Asia is seeing heavy growth this year, with shipments expected to rise 15 percent off healthy notebook gains.
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IBM Moves Global Procurement HQ to China

IBM, provider of information technology services and products, announced on Thursday that it will relocate its global procurement headquarters to Shenzhen, China, expanding on the company's initiative to become more efficient.
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Woman Tops List of Richest People in China

Zhang Yin, 49, the woman who founded Nine Dragons Paper Industries Co., Ltd., was named the richest person in the Chinese mainland with a worth of 27 billion Yuan ($3.4 billion), according to the Huran Report. It was the first time a woman had made it to the top of the list since it began keeping track in 1999.

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