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Posted inNews

Attention, Chinese Internet Music Services Now Pried Open for Foreign Investment by WTO Lawsuit

Chinese Internet music services will now be open to foreign investment for the first time, as a direct result of the victory at the WTO in the case brought by the U.S. against China. Under the new Foreign Investment Industrial Guidance Catalogue issued just before New Year’s Day, Internet music services, which previously had been an Internet sector prohibited for foreign investment, will now be open for foreign investment.

Posted inNews

Top China Stories Today

Sneak Peak into Dangdang ereader: A picture rumored to be the concept design of Chinese etailer Dangdang’s ereader showed up online lately. From what we saw (pictured left), the gadget appears to combine the goodies of Kindle and iPad with e-ink screen and sleek outfit. According to Yi Wenfei, VP of the Beijing-based company, the […]

Posted inNews

Top China Stories Today

Sina Weibo Claims 250M+ Users: Charles Cao, CEO of Chinese portal site Sina announced Sina Weibo the twitter-like service has surpassed 250 million users with more than 100 million posts popping up every day. He said that Sina Weibo has now reached juvenile period with more power to be capitalized on. Jiayuan Topped Best China […]

Posted inNews

Vancl Raises US$230 Million in Round F Funding

Popular online fashion e-commerce company, Vancl has closed a big US$230 Million in round F funding. VC investors include IDG, Ceyuan, Lei Jun, Qiming, Toger and Temasek. Interestingly, Vancl CEO, Chen Nian founded Joyo with Lei Jun, which was later acquired by Amazon. Giving a keynote speech at an annual meeting, CEO Chen Nian mentioned […]

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