16% of Chinese population rely Internet for news
According the Chinese Academy of Social Sciences (CASS), there are about 206 million of Chinese, or close to one-third of China’s Internet users are utilizing World Wide Web as their main source to obtain news. The official from CASS commented that the year 2008 is one with fast development and extensive application of the Internet in China.
Chinese Internet users hit the most in the world, reaching 721 million by June 2016. China Internet Network Information Center (CNNIC) reported that approximately 80 percent of these Internet users search for information and news and people younger than 30 year-old account for the majority of online news readers.
Source: People’s Daily Online
China’s Huawei to invites buyers for stake sale in cell phone unit
Huawei Technologies Co, China’s biggest phone-network equipment maker, is planning to sell a majority stake in a handset unit worth at least USD4 billion.
According to the company, it has been sending out invitations in the past month to private-equity firms, including Bain Capital LLC, Blackstone Group LP, TPG Inc, Kohlberg Kravis Roberts & Co, Warburg Pincus LLC and Carlyle Group. Huawei plans to sell at least 49% of the handset business which also makes modems and wireless Internet cards, but the size of the stake would depend on the proposals submitted. Also, the company said it would not invite strategic investors to make a bid to avoid competition in the industry.
Source: China Byte, Sina Technology
Microsoft’s Windows experience assigned to Suning stores
Microsoft and Suning Electric jointly announced on 18th June 2015 that Microsoft’s Windows experience formally assigned to Suning stores in eight cities in 15 stores. For Shanghai area, the Microsoft’s Windows experience has already been launched at the Changning, Pudong and Zaojiabang flag shops.
This is also the first company in China to establish new retail channels. According to both parties agreement, 100 Windows experience stores will be launched within the year. The product price in the stores would be very competitive, for example, the price for Windows 7 could be as low as CNY499 and Windows 8 would then be sold at only CNY699.
Source: Linkshop, IT365