China's Central Bank: Taking E-Finance under supervision

(English) China Widens ‘Tax-Evasion’ Net Amid Microsoft Case

The State Administration of Taxation is developing a system to track profit indicators of multinational corporations, according to Xinhua.

Meizu to Release Ubuntu OS Smartphone in Q1 2015

bringing Canonical's Linux-based mobile OS "Ubuntu" to Chinese smartphones

A spokesperson for Meizu has stated that the first Ubuntu-based Meizu smartphone should be released in Q1 2015

China Telecom Teamed up with Coolpad 

The first dual system mobile phone with safety mode released

The safety mode shields the risks of surfing the internet on mobile phones. The product will come into the market in the end of November. The retail price will be no less than 4,000 RMB.

China's Central Bank: Taking E-Finance under supervision

In the 2014 Payment Clearance & E-Commerce Forum, the Vice President of China's Central Bank endorsed the development of E-Finance, and also expressed the necessity of taking E-Finance under classified supervision.

MIIT encourages private enterprises to enter the broadband market

16 cities chosen to be the pilot cities

China's Ministry of Industry and Information Technology recently opened the broadband business to private enterprises. To be qualified to enter this business, the private enterprises need a minimum registered capital of 20 million RMB and a minimum professional experience of three years in the telecom industry. Moreover, the leader of the enterprise must have a minimum of 8-year professional experience in broadband and operational management.

The Berlin Wall between Alibaba and Tencent

2012-2013 we saw a great many M&As in the internet market in China. This year, a new structure was formed with the confrontation between Tencent and Alibaba. More and more blocks and information embargo in the “open platform” on internet seems to make up a new digital Berlin Wall.