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US retailer giant Wal-Mart said on Friday that it has signed a deal to buy a minority stake in China's emerging online store Yihaodian.

Wal-Mart said the transaction will be closed within 60 days, but the two companies did not reveal the specific volume of the deal.

"Online sales in China are growing rapidly and are projected to match US online sales in the next few years," said a statement
The Chinese Internet search engine Baidu Inc has been named as the most valuable brand for a non-State-owned Chinese company.

That's after Baidu climbed 46 positions in the BrandZ list of the world's top 100 brands, according to a study produced by the global brands agency, Millward Brown Group.
The search engine has been at the center of copyright abuse claims

China's biggest search engine, Baidu Inc, plans to provide free downloads of copyrighted music from next week. The move comes as a response to increasing criticism of its involvement in copyright infringement.
The head of the audit committee at Renren Inc has resigned to protect the Chinese social networking company from any possible fallout from accusations of accounting fraud at another company where he is an executive.
Intel Capital Corp, Intel Corp's global investment vehicle, announced last week its first storage investment in China to develop its cloud-computing capability.

t signed an agreement with United Information Technology Co (UIT), a leading Chinese storage products and solutions provider, but did not reveal the investment amount. The investment money was from its 0 million special fund for Chines
Baidu Inc, China's largest search engine by market share, is taking on Tencent Holdings Ltd and Sina Corp in a scramble to gather application developers worldwide by fully opening its platform and offering a sizeable fund package.

The search engine giant said on Wednesday that its application platform offers a low entry barrier, steady revenue and copyright protection for various developers, w
The Beijing-based media company aims to raise 0 million in IPO

Phoenix New Media Ltd, the Beijing-based Internet, TV and mobile-news provider, is seeking to raise 0 million in a US initial public offering (IPO).

The company plans to trade its American depositary receipts (ADRs) on the New York Stock Exchange, according to a filing with the US Securities and Exchange Commission on Friday. Ph
Investigations of a copyright fight between more than 40 Chinese writers and Baidu, China's largest search engine, are underway, an official with China's copyright watchdog group said Thursday.

Yan Xiaohong, deputy director of the National Copyright Administration, said during a press conference that the search engine showed a "proactive" attitude during a meeting between its senior managers a




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