Qihoo 360 Offers Online Q&A Service Qihoo 360 Technology Co (NYSE: QIHU), a leading Chinese freecomputer security software developer, launched an online servicethat can fix software problems, according to president QiXiangdong. Qihoo 360 Computer Experts will respond to questionsbased on the most relevant solutions from its massive database.Qihoo 360's internal data show 85% of computer users' problems inChina are related to software. SMI, Beijing Govt to Build JV Plant Semiconductor Manufacturing International Corp (NYSE: SMI, HKG:0981), China's biggest chipmaker, said it will work with theBeijing city government to establish a plant capable of producing70,000 12-inch wafers per year, without revealing financialdetails. It said a partnership with the Beijing government willhelp achieve economies of scale and therefore cut production costs. Sinopec Builds First Shale Gas Project Sinopec Group, the parent of China's largest refiner Sinopec Corp(NYSE: SNP, SHA: 600028, HKG: 0386), said it has begun building itsfirst shale gas project in the country. Led Industrial Lighting Fixtures
The project, situated inFuling disctrict of Chongqing, aims to roll out one billion m3 ofshale gas per year by the end of next year. China Unicom Steps Up Online Marketing China Unicom Ltd (NYSE: CHU, SHA: 600050, HKG: 0762) plans to raisethe share of online sales to 30% of total revenue by 2014, saidZong Xinhua, the head of its e-commerce division. The companygenerated 促23 billion worth of online sales revenue from over100 million registered users last year. Falling Ad Revenue Puts Renren in the Red Renren Inc (NYSE: RENN), the operator of a leading Chinese socialnetworking site, posted $32.1 million in revenues and $13.6 millionin net losses for Q1 2012. The revenue was up 56.1% while thelosses deteriorated from a $2.6 million net loss from the sameperiod a year ago, because of plunging ad revenues. Led Spotlight Bulb Manufacturer
Commitment to Quality Will Hinder Growth: Vanke China Vanke Co (SHE: 000002) will probably lose its title as thenation's top property developer by revenue as it will continue toimprove quality, which will definitely hold back its growth,chairman Wang Shi said. Vanke sold 10.75 million m2 in floor spacevalued at 促121.54 billion last year, generating a 促9.62billion net profit. Suning Activates Online Sales of Liquor Suning Appliance Co (SHE: 002024), China's largest chain store byrevenue, launched a liquor section at e-commerce arm Suning Yigou,offering 700 products of Chinese baijiu and wine with over 160brands. $1 = 促6.31. China T8 Led Tube Light
The project, situated inFuling disctrict of Chongqing, aims to roll out one billion m3 ofshale gas per year by the end of next year. China Unicom Steps Up Online Marketing China Unicom Ltd (NYSE: CHU, SHA: 600050, HKG: 0762) plans to raisethe share of online sales to 30% of total revenue by 2014, saidZong Xinhua, the head of its e-commerce division. The companygenerated 促23 billion worth of online sales revenue from over100 million registered users last year. Falling Ad Revenue Puts Renren in the Red Renren Inc (NYSE: RENN), the operator of a leading Chinese socialnetworking site, posted $32.1 million in revenues and $13.6 millionin net losses for Q1 2012. The revenue was up 56.1% while thelosses deteriorated from a $2.6 million net loss from the sameperiod a year ago, because of plunging ad revenues. Led Spotlight Bulb Manufacturer
Commitment to Quality Will Hinder Growth: Vanke China Vanke Co (SHE: 000002) will probably lose its title as thenation's top property developer by revenue as it will continue toimprove quality, which will definitely hold back its growth,chairman Wang Shi said. Vanke sold 10.75 million m2 in floor spacevalued at 促121.54 billion last year, generating a 促9.62billion net profit. Suning Activates Online Sales of Liquor Suning Appliance Co (SHE: 002024), China's largest chain store byrevenue, launched a liquor section at e-commerce arm Suning Yigou,offering 700 products of Chinese baijiu and wine with over 160brands. $1 = 促6.31. China T8 Led Tube Light