Business

The Fackbook is Going to Promote Their News Reader

Staff Reporter   | Jun 25, 2013 11:48 PM EDT

The social giant, Facebook is going to promote a new service, the mobile news reader. It is called "Reader" by the people in Facebook, and it is designed and formatted especially for mobile news. The reader will show the content of the Facebook users' account and the news provided by the publishers. read more

The founders of WhatsApp could make billions more if they don’t hate advertising

Staff Reporter   | Jun 25, 2013 09:05 AM EDT

According to an article today from the U.S. business and technology news website - BusinessInsider, "Acton and Koum are making millions because they are the creators of an app called WhatsApp. It's a text messaging replacement." However, they could make billions more if "they do not hate advertising". read more

SnapChat has raised a $60 million Series B funding round led by IVP

Staff Reporter   | Jun 25, 2013 09:04 AM EDT

According to the Sina Technology News on June 25, 2013, SnapChat has announced it has closed its $60 million dollar Series B round of venture funding. read more

Japanese company plan to build world’s largest robotic factory in China

Staff Reporter   | Jun 25, 2013 08:48 AM EDT

According to Japan NHK website on June 22nd, as China manufacturing costs are rising rapidly, manufacturing industry starts introducing heavy duty industrial robots into workplaces. Yaskawa Electric Corporation is a Japanese manufacturer of servos, machine controllers, AC Motor drives, switches and robots. The company starts building the world's largest robotic factory in China. After built up, the factory will produce industrial robots manufacturers. read more

New Oriental Education buy back $50 million stock

Staff Reporter   | Jun 24, 2013 06:47 PM EDT

Last week, New Oriental Education announced that it had accomplished the $50 million buy-back project, which was authorized by the board of directors in April 2013. read more

Ma Yun:China is not Short of Banks, the Financial Industry Need Amateurs’ Reform

Chinatopixstaffwriter   | Jun 24, 2013 10:19 AM EDT

Ma Yun put that the financial sector owns two opportunities in the future, firstly, financial networkingw, secondly, networking finance. Innovations in many industries are initiated by amateurs, so is the financial industry. read more

Dongguan Lychee was sold at auction for 913 dollars per kilogram

Angie Zhao   | Jun 24, 2013 10:05 AM EDT

June 23rd, the Second Famous Lychee Taste Festival was held in Houjie Town, Dongguan City, Guangdong Province. Fruit farmers brought the best lychee grown in their farm. The most surprising part is the "Ice Lychee", a precious species of lychee, was sold at auction for 913 dollars per kilogram this year, which is the highest price in history. read more

Gree Electric was Claimed $150 million By its American Partner

Staff Reporter   | Jun 22, 2013 01:28 PM EDT

Recently, the Gree Electric (a famous electrical appliance brand) got into trouble in its American market. On June 20, it was said that Gree was accused by its American partner Soleus in the USA, Soleus claimed Gree an indemnity of $150million. The cause of this issue resulted from the quality problem of the dehumidifier Gree currently sold in the North America. read more

The Net Profit of Chow Tai Fook decreases by 13.2%

Staff Reporter   | Jun 21, 2013 04:47 PM EDT

"I have confidence of doubling the current sales of Chow Tai Fook in three years." Zheng Jiachuan, the chairman of Chow Tai Fook Group, said so to his investors one year ago. read more

Stratasys purchases MakerBot for over $400 million!

Staff Reporter   | Jun 21, 2013 10:33 AM EDT

Stratasys from Israel, the manufacturer of higher-end 3D printers, announced that it has merged with the New York based desktop 3D printing manufacturer, MakerBot, with a $403 million stock, it claimed that "this deal could eventually rise to $604 million dependent on performance, and is liable to change the face of the rapidly developing 3-D printing industry." read more

Grocery electricity supplier Instacart: one-hour delivery shopping platform

Staff Reporter   | Jun 21, 2013 10:33 AM EDT

According to the Fortune Magazine, the founder of Instacart, Mehta, was an ex-Amazon Supply Chain engineer, "who is leveraging his experience building Amazon's own complex backend logistical system in the hopes of creating a more efficient back and front-end grocery delivery experience at Instacart." read more

Google HR: GPA and most interviews are useless

Staff Reporter   | Jun 21, 2013 10:32 AM EDT

Laszlo Bock, Google's Senior Vice President of People Operations, explains in an interview with The New York Times' Adam Bryant, that when making the hiring and recruiting decisions, some of the "important" elements, such as the interview, GPA, and test scores are actually not as important as people think. Google has found workers' success in the company does not correlate at all with GPA or test scores, even for new grads, the correlation is pretty slight. read more

Murdoch regret to marry Wendi Deng, dislike being criticized publicly by her

Staff Reporter   | Jun 21, 2013 10:30 AM EDT

According to British media, Murdoch got divorce quietly. He instructed his legal team to settle the case "quickly and quietly". Rupert Murdoch's wife Wendi Deng was totally blindsided by his decision to sue for divorce, her friends claimed. read more

Huawei issue a declaration: we are not considering buying Nokia

Staff Reporter   | Jun 19, 2013 03:09 PM EDT

June 19th, recently, a rumor that Huawei Company is going to purchase Nokia spreads rapidly because of some reports from foreign news media. According to foreign media, Huawei would consider buying Nokia to help it become the world's leading smartphone maker. read more

The exchange rate of RMB against USD rose to 6.16, hitting a new record high. It is still not inexpensive for Chinese students to study abroad

Staff Reporter   | Jun 18, 2013 02:30 PM EDT

Yesterday, the exchange rate of RMB against USD was 6.1598 and it was the first time that the rate reach almost 6.16., hitting a new record high. In recent years, as the exchange rate for RMB is rising rapidly, one of the consequences is that more and more people are travelling abroad and spending money overseas. However due to rising college tuitions, it is still not that cheap to study abroad. read more

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