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Tuesday, December 26, 2006

Int'l banks move into RMB retail


Int'l banks move into RMB retail
SHANGHAI: Foreign banks are expanding aggressively in the lucrative Chinese market, knowing they will soon be able to deal in the renminbi retail business.

Audiovox to Acquire Thomson's Consumer Electronics Accessory Business Including the Rights to the RCA Brand for ... (SYS-CON Media)
Audiovox Corporation , announced today that it has entered into a definitive agreement with Thomson to acquire its Americas consumer electronics accessory business, which includes approximately 115 employees in locations in the United States, Canada, China (including Hong Kong) and Malaysia. The Company anticipates this transaction will close in early 2007.

Virtual money poses a real threat
The virtual world seems to be making inroads into reality, though there are signs that the government is fighting back.

Not Lost in Translation
There is nothing special about the street I live in, here in Shanghai. Once you move off the glitzy streets like HuaiHai Road or NanJing Road, Shanghai resembles most other "modern" Chinese cities with their concrete block buildings

CMO expansion in China to benefit BLU makers from Taiwan (Digi Times)
Taiwan-based backlight-unit suppliers Kenmos Technology, Coretronic, and Chi Lin Technology are expected to see their plants in Ningbo, China, benefit from Chi Mei Optoelectronics' (CMO's) decision to expand its LCD module (LCM) plant in the same area, industry and company sources said.

China, Japan Inc. Recruiting Koreans (donga.com)
Previously employed by a major Korean consumer electronics company to supervise one of its production facilities, A is working for a Chinese electronics manufacturer (referred to as B) as an executive.

Haier launches stock option plan
SHANGHAI: Qingdao Haier, a home appliance arm of Haier Group, announced yesterday it has mapped out a stock option incentive plan to reward management and gather steam for the enterprise's long-term development.

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