China’s Windows 8 ban catches Microsoft off guard
China’s (FXI, quote) ban on Microsoft Corp’s Windows 8 operating system in new government computers was “extremely unexpected”, the US software giant said.
Beijing
Baidu sets up research lab in Silicon Valley
China’s (FXI, quote) largest search engine provider Baidu Inc has set up an artificial intelligence laboratory in Silicon Valley in the United States to boost its research work to catch up with Internet giants like Google and Apple.
Yuan fall ‘dictated by market’
Recent falls in the yuan exchange rate against the US dollar are based entirely on market forces, a senior official said on Tuesday after Premier Li Keqiang met with visiting US Treasury Secretary Jacob Lew.
Tencent stresses mobile Internet platform
Mobile Internet applications have made people’s lives much more convenient, but Internet companies need to build a platform to help people get access to those apps more easily, Ren Yuxin, the Chief Operating Officer from Tencent, China’s Internet giant said Monday.
China’s manufacturing weakens, but at slower pace
China’s (FXI, quote) manufacturing activity continued to shrink in April, but at a slower pace, fresh evidence that the sector is facing growth challenges, according to HSBC’s purchasing managers’ index (PMI) released on Monday.
China Net capital Q1 inflows ‘positive’
China (FXI, quote) had net capital inflows throughout the first quarter, although the surplus narrowed each month during the period, according to the State Administration of Foreign Exchange.
A&F plans over 100 new stores in China within 10 years
Clothes retailer Aber-crombie & Fitch Co (ANF, quote) plans to open more than 100 stores in China under its A&F and Hollister brands over the coming decade, ploughing a new furrow in what it calls “casual luxury.”
HSBC China’s preliminary manufacturing PMI sinks
China’s manufacturing activity contracted for the third month in a row in March, hitting an eight-month low, according to HSBC’s preliminary purchasing managers’ index (PMI) released on Monday.