Tag Archives: China

Private Jet Set Kicking The Bucket

By Russ Alan Prince, Contributor For many years travel industry destination marketers elbowed each other to be on the bucket list for mass affluent consumers (household incomes between US$100,000 and US$400,000). The problem was that if per chance they were successful in getting mass affluent consumers to go to Australia this year instead of China, Alaska, Peru, Tahiti, South Africa, India, fill-in-the-blank, the net effect was that these consumers were unlikely to return to these destinations. They had spent a couple thousand bucks, checked it off their list. On the flight back home, they were already thinking about checking off the next box. …read more

Source: FULL ARTICLE at Forbes Latest

Samsung readies dual-mode 4G TDD/FDD LTE phones for China

Samsung Electronics is positioning itself to be one of the first handset vendors to tap into China’s upcoming market for 4G services by introducing new Galaxy S4 phones capable of operating on both FDD and TDD LTE networks. The South Korean company will bring FDD/TDD LTE dual-mode Galaxy S4 and Galaxy S4 mini phones to China once the country officially launches commercial 4G services, the company said on Thursday. Currently, most Western nations are deploying 4G networks using FDD LTE technology. But in China, the government has been heavily promoting the use of TDD LTE networks. The country’s largest carrier, China Mobile, with 740 million customers, has been building trial networks with the 4G standard.Local officials have said China will issue the 4G commercial licenses later this year. Research firm IDC expects that could be as soon as September. China is the world’s largest smartphone market, and Samsung reigns as the country’s top vendor with a 19 percent share, according to IDC. The research firm’s forecasts show that in 2014, a quarter of all smartphones shipped to China will be designed for 4G networks. By 2017, that figure will reach 50 percent Samsung’s dual mode phones will allow users to seamlessly roam over different LTE networks, the company said. The handset maker plans to launch other TDD-LTE devices in other markets in the third quarter.

Outside of China, TDD LTE networks are seeing growing adoption in certain nations in Europe, the Middle East, Asia and Oceania. 

In Australia, local carrier Optus will launch the FDD/TDD LTE dual-mode phones in a few weeks.

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Source: FULL ARTICLE at PCWorld

Philippines, Vietnam discuss how they can cooperate amid territorial feud with China

The Philippines’ top diplomat said he and his Vietnamese counterpart discussed Thursday how their governments can work together to deal with territorial disputes with China, including a possible sharing of information to better guard their territories from intrusions. …read more

Source: FULL ARTICLE at Fox World News

Huayi's Chairman Joins Ranks Of China Movie Billionaires; Stock Climbs To Record (Update)

By Russell Flannery, Forbes Staff (Updates earlier post with details and today’s stock close)  Wang Zhongjun, the chairman of Shenzhen-listed film maker Huayi Brothers Media, has joined the ranks of China’s movie industry billionaires. Huayi’s shares have climbed by more than 160% in the past year amid rising prospects for home-grown entertainment industry content in China.  They gained 5.5% today at close at an all-time high of 42.2 yuan. Founded in Beijing in1994, Huayi produces films, television programs, music and other content.  Wang, who also goes by the English name Dennis, owns a 26% stake in Huayi that is worth more than $1 billion; his brother, Wang Zhonglei, whose English name is James, holds 8% of the company. Jack Ma, the chairman of Alibaba Group and one of China’s richest Internet entrepreneurs, owns 5% of Huayi. Huayi’s stock has soared after the company last month projected net profit in the first half of 2013 would as much as triple from $17 million a year earlier on good box-office income. Investors have also bid up its shares after the company said on July 24 it would acquire 50.9% of mobile game developer Yinhan Technology for the equivalent of $109.5 million. …read more

Source: FULL ARTICLE at Forbes Latest

Huayi's Wang Zhongjun Joins Ranks Of China Movie Industry Billionaires

By Russell Flannery, Forbes Staff Wang Zhongjun, the chairman of Shenzhen-listed film maker Huayi Brothers Media, has joined the ranks of China’s movie industry billionaires.  Huayi’s shares have climbed by more than 150% in the past year amid growth in demand for home-grown entertainment industry content. Wang owns a 26% stake in Huayi that is now worth more than $1 billion; his brother, Wang Zhonglei, holds 8% of the company. — With Maggie Chen — Follow me on Twitter @rflannerychina   …read more

Source: FULL ARTICLE at Forbes Latest

New China Venture Funds Plus Pending IPO Could Signal End Of Dry Spell

By Rebecca Fannin, Contributor It’s interesting to hear of several new China venture funds in the works at a time of slowdown in the Mainland. But downturns can be the best times to invest. So perhaps these new funds are well-timed to catch deals at reasonable investment valuations without a lot of competition. …read more

Source: FULL ARTICLE at Forbes Latest

Taro Aso, Japan’s Deputy Prime Minister, Says Tokyo Could Learn From Nazis’ Tactics

By The Huffington Post News Editors

Japan’s gaffe-prone deputy prime minister has said Tokyo could learn from Nazi Germany when it comes to constitutional reform, prompting a rebuke from a Jewish human rights group.

In a statement on its website late Tuesday, the US-based Simon Wiesenthal Center called on Taro Aso to clarify his comments that Tokyo, which is mulling a change to its pacifist constitution, should look to the way the Nazis quietly adopted reforms.

“First, mass media started to make noises (about Japan’s proposed reforms), and then China and South Korea followed suit,” Aso was quoted by Japanese media as saying in a speech Monday to a conservative think tank.

“The German Weimar constitution changed, without being noticed, to the Nazi German constitution. Why don’t we learn from their tactics?”

In response, the Jewish rights group said: “The only lessons on governance that the world should draw from the Nazi Third Reich is how those in positions of power should not behave”.

Chief Cabinet Secretary Yoshihide Suga, the Japanese government’s top spokesman, on Wednesday declined to answer media questions about the comments, saying “deputy prime minister Aso should answer that question”.

Prime Minister Shinzo Abe’s ruling Liberal Democratic Party has said it wants to revise the US-imposed pacifist constitution to define Japan’s defence forces as a full-fledged military force, amid territorial tensions with neighbours China and South Korea.

That has stirred strong emotions in Beijing and Seoul which have long maintained that Japan has never come to terms with its militaristic past.

Aso, who is also Japan’s finance minister, is known for his sometimes uncomfortable remarks, including saying earlier this year that elderly people should “hurry up and die” to avoid taxing the country’s medical system.

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More on Japan

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Source: FULL ARTICLE at Huffington Post

Apple CEO Cook Scurries To Beijing To Put Out China Fires

By Doug Young, Contributor

The US may be one of the world’s most competitive markets, but tech giant Apple is quickly discovering that fast-growing China is far more complex for a wide range of reasons that are often more political than economic. CEO Tim Cook was in Beijing this week to address some of those issues, in what looks like a hastily arranged trip to put out a growing number of fires facing his firm in the world’s largest smartphone market. …read more

Source: FULL ARTICLE at Forbes Latest

Scalpers Profit From The Apple Genius Bar Appointments System

By Tim Worstall, Contributor Supply and demand really does have its own rhythm. If the supply of something is inadequate to fill the demand for it then the price of that item will go up. Yes, even if the item was free originally, a supply shortage will indeed lead to a rise in the price. As with this rather ingenious money making scheme at the Stores in China. There’s many more people who want an appointment at the Genius Bar than there are time slots for someone to have an appointment. So, enter the ticket scalpers: Chinese scalpers have found a new way to make a few extra yuan: book up all the Genius Bar slots in the nation’s Apple Stores then sell them on at a profit. …read more

Source: FULL ARTICLE at Forbes Latest

FORBES ASIA's Readers React to Zhang Lan and Chang Yung-Fa

By Forbes Staff, Contributor

Regarding your profile of South Beauty Investment’s Zhang Lan (“Beauty Offshore, A Caribbean Passport for a Chinese Restaurateur”), who renounced her Chinese citizenship as a business strategy: Obviously she weighed success versus citizenship. Although she may receive criticism and comes off as somewhat shallow by moving her citizenship to an offshore island that she seems to despise, no one is questioning her drive and the success she’s already made for herself. It’s encouraging to see a woman entrepreneur from China break through. …read more

Source: FULL ARTICLE at Forbes Latest

China's Xiaomi launches $129 handset ahead of rumored budget iPhone

China’s popular Xiaomi smartphone company is diving into the country’s low-end handset market with a new product, taking note of the rumors that Apple is preparing its own budget iPhone.

On Wednesday, Xiaomi unveiled its new “Red Rice” phone for the no-contract price of 799 yuan ($129). It has a 1.5 GHz quad-core processor from MediaTek, a 4.7-inch, 1280 by 720 pixel screen, and an 8-megapixel rear-facing camera.

Although not well-known outside China, Xiaomi has gained major name recognition in its home country, partly by selling Android handsets with high-end specs, but at low prices. Its flagship phones have gone for the price of 1999 yuan ($329), less than half of what it costs to buy a no-contract iPhone.

With its new Red Rice phone, Xiaomi is bringing down the price of its handsets even further to target China’s low-end handset segment, where phones can be sold at 1000 yuan or cheaper. In a news release, the company also referenced reports pointing to Apple launching a cheaper iPhone in September.

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Source: FULL ARTICLE at PCWorld