Taiwan computer giant ASUSTeK Computer Inc. (ASUS) has recently laid the foundation in Jiangxi Province, worth 3 billion Yuan (428.6 million US dollars).
ASUS, a technology-oriented company is well known for high-quality and innovative technology. It has a global staff of up to 100,000 and the revenue reached 6.9 billion US dollars last year.
According to company sources, the factory in Ji’an City will produce copper wire yarn and computer accessories in the first stage, and in the future produce main boards and assemble notebook computers.
With the rapid development and huge potential market, Taiwan has eyed more investment on the mainland. Meanwhile, Taiwan has attracted many mainland investors for its geographic location and complete industry chain. The business communication is and will grow at a fast pace.
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ASUS, computer and technology, mainland, Taiwan investment
EMC Corp, the world’s largest data storage company, set up a 50-50 joint venture with Hong Kong-listed Digital China in March this year, aiming to tap into the country’s booming IT market.
The new venture—EMC’s first in Asia—is expected to provide information infrastructure solutions, services and support for the Chinese market. It will also help the two sides to attract partners in the information storage sector.
EMC, by shifting to software sales over the years, has now become an information management company. It planned to invest $1 billion in China before 2012 to gain a larger share in the country’s data storage market as China has witness explosive growth in websites and internet content.
According to American IT research firm IDC, the total storage capacity in China will grow 30-fold from 132 petabytes in 2004 to nearly 4,000 petabytes in 2011.
EMC is also expecting the new venture to help serve the needs of its customers in China since Digital China, the country’s largest IT products distributor and systems integrator, has been trying to enhance its IT services business.
“This is about how we grow in the years ahead in China,” said Steven Leonard, president of EMC Asia Pacific-Japan. “China is now one of the world’s fastest growing and strategically important markets.”
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China, data storage, Digital China, EMC, IT, JV
Alibaba.com is the largest business-to-business website, which started out helping millions of Chinese small and medium-sized enterprises sell their goods on the internet.
Last year, the company’s revenue grew 58.6% to 2.16 billion yuan and its net profit surged 340% to 968 million yuan, which was attributed to the rise in the number of the company’s paying members and their increased averaged online consumption.
Despite the current economic slowdown at the global scale, Alibaba.com expected to see dynamic growth this year. “I think we will maintain fast growth this year because people in difficulties tend to diversify their product sourcing and supply in order to reduce risks,” said Wei Zhe, CEO of Alibaba.com.
According to Alibaba.com, 72% of the company’s revenue came from online trade between China and foreign countries and only 28% from trade within China. Revenue from domestic trade is expected to rise as China’s internal demands grow. Meanwhile, the company also has plans to open a joint venture with Softbank in Japan this year and increase its business presence in Europe and India to seek greater international opportunities.
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Alibaba, China, joint venture, sourcing, trade
The world’s fourth largest computer maker Lenovo Group recently unveiled its notebook ThinkPad X300 in Beijing, hoping to regain ThinkPad’s reputation and compete with HP, Dell, Acer and Apple.
Initially introduced by IBM in 1992, ThinkPad remained the longest lasting design franchise in computing history and was lapped up by businesses and traveling users. In 2005, the brand was sold to Lenovo along with IBM’s PC division due to poor financial returns.
In the past three years, Lenovo managed to increase the annual revenue of IBM’s previous loss-making business from $3 billion to $17 billion and has nearly tripled its profits. And it feels urgent to release innovative products like IBM to prove its ability.
“The launch of the new product has proved that we are capable of making breakthrough innovations and setting new standards for the industry,” said Yang Yuanqing, chairman of Lenovo Group.
According to Lenovo’s third-quarter result ended January, its revenue reached $4.6 billion, up 15% compared with the same period of 2006. And the company’s notebook shipments grew 38% annually and sales reached $2.6 billion, accounting for 56% of the total sales.
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China, Lenovo, notebook, ThinkPad
In recently years, Sohu.com Inc, the Chinese Web portal, has initiated its Olympic marketing strategy and became the official internet content sponsor for the Beijing Olympics in 2005. To avid fluctuations on the market, it has also been endeavoring to make revenue outside the online advertising sector.
Recently Sohu posted a nearly fivefold profit growth in its quarterly result, which is attributed to its sponsorship of the upcoming Olympics in Beijing and the success of an online role-playing game that it introduced last May.
Sohu’s revenue in the first quarter ended last month grew 156% to $84.8 million, while profit surged 383% to $21.6 million. Revenue from brand advertising reached $33.2 million, up 41% on a yearly basis while online game revenue increased 24 times to $41 million, boosting the company’s non-advertising revenue by 570% to $50.1 million.
A new report by Goldman Sachs indicates that the Beijng Olympics is expected to create an additional $65 million in terms of online advertising revenue for Chinese Internet companies, mainly from Olympic global partners like Samsung and Adidas that have been vigorously exploring the Chinese market.
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China, online advertising, profit, Sohu
Planning to expand wireless Internet coverage in the city ahead of 2010 World Expo, Shanghai is on the way becoming China’s first “wireless city”.
The city’s first wireless hotspots created last year has now expanded to cover about 100 hotels and restaurants. According to Shanghai official’s plan, about 2000 extra network access points in the city’s public areas and wireless broadband and service will be completed in the busy commercial districts of Xujiahui, Jiading and Pudong.
The first practice of the plan has recently been carried out in the Nanjing Pedestrian Mall area. The whole wireless areas will be ready for use in 2008.
Wireless broadband network has gradually become an essential part of a city’s infrastructure and Shanghai is not the first city to become wireless. Last year, about 300 cities all over the world were trying to establish wireless broadband services. In China, Beijing, Tianjin, Wuhan, Hangzhou and Shenzhen are competing to become the first “wireless city”.
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Expo 2010, internet, Shanghai, wireless broadband network, wireless city
