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The US divisions of Beijing Galloping Horse Film & TV Production Co Ltd and an Indian company won a bid at auction this week for some of the businesses and assets of the visual effects and animation company Digital Domain, which produced the effects for Titanic and other films.

The Chinese entertainment company’s purchase of the Hollywood company, which filed for bankruptcy on Sept 11, is the
THE State Council, China's Cabinet, yesterday unveiled multiple tasks for accelerating the development of the service sector in the 2011-2015 period.

Developing the service sector is a strategic priority in the country's optimization and upgrading of its industrial structure, said a statement released after an executive meeting of the State Council presided over by Premier Wen Jiabao.

The c
SHANGHAI will add another 175 kilometers of subway track in the next three years.

By 2015, the city's subway network will reach 600 kilometers, a traffic official said yesterday.

Sun Jianping, director of the Shanghai Transport and Port Administration, said the city will "continue to increase subway coverage downtown and improve public transport capacity."

More than 34 percent of commute
BEVERAGE tycoon Zong Qinghou, 67, has regained his 2010 title of wealthiest individual on the Chinese mainland from heavy machinery magnate Liang Wengen, who has dropped to fifth place on the 2012 Hurun Rich List.

Zong, chairman and CEO of the Hangzhou Wahaha Group, and his family possess wealth of US$12.6 billion, 18 percent more than last year.

Liang, founder and main shareholder of Sany
Urban tourism in Shanghai has stepped into its "golden period" of development, said Dao Shuming, Director of the Shanghai Municipal Tourism Administration.

During the 12th five-year from 2011 to 2015, Shanghai will invest over 100 billion yuan to build 20 municipal key tourism projects and over 100 district key tourism projects. At present, 6 municipal key projects have officially started wit
SHANGHAI will build the city's first aviation theme park at the former World Expo 2010 site in Pudong with major attractions including a Boeing 747 aircraft, aviation simulators and a hot-air balloon to take visitors up 30 meters over the city.

The Aviator Theme Park, covering 30,000 square meters near the former USA Pavilion in Zone C, will open to the public next month with an admission pric
CHINA has approved 25 new subway projects with an investment of 800 billion yuan (US$126.98 billion), including five projects in Shanghai worth more than 16.79 billion yuan.

Second-tier cities such as Xiamen in Fujian Province and Taiyuan in Shanxi Province are to build metro lines while Shanghai and Harbin in Heilongjiang Province will see extensions to their existing urban rail systems, the
Chinese consumer electronics manufacturer Hisense (600060.SH) has announced it will unveil its USD 99 Hisense Plus Google TV set-top box (STB) during the Internationale Funkausstellung (IFA) in Berlin (August 31 - September 5).

Google executives have said the new Hisense Google TV offering has been designed to intuitively search and sort through millions of channels and shows across live telev

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