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Aliyun and net.cn, two cloud computing internet service companies under China's largest internet company Alibaba Group, will be merged as a new company retaining the Aliyun name, reports Chinese IT news website ChinaByte.
CONSUMER confidence in Shanghai rose in 2012 from a year earlier on a recovering economy and better products provided in the city, a survey showed yesterday.

The Index of Consumer Sentiment rose to 70.12 last year from 68.89 in 2011, indicating more consumer confidence and better consuming experiences among local residents, according to Shanghai University of Finance and Economics.

A readin
irst time fines handed down to overseas firms for price fixing

The mainland on Friday joined an international crackdown on a price fixing conspiracy involving several suppliers of LCD screens, levying penalties of 353 million yuan ($56.6 million) on Samsung, LG and four Taiwan companies.

The settlement, though less punitive in the eyes of analysts, was considered a landmark move as it was t
The legislation passed by the US to avoid the "fiscal cliff" will benefit the Chinese economy in terms of boosting exports and reducing the devaluation risks of China's US debt holdings, but will bring imported inflationary pressure to China, experts said Thursday.

US President Barack Obama signed the "fiscal cliff" legislation into law Wednesday in Hawaii, after the Republican-led House of Re
Jingdong Mall recently issued a statement confirming that one of its logistics personnel is embroiled in a corruption scandal. It has been learned that a purchasing manager of 360buy is under police detention for selling complimentary commodities acquired from suppliers to the company at high prices.

According to Jingdong, the company established a supervision department in mid-2009, w
THE redevelopment of the former 2010 Shanghai World Expo site took a major step forward yesterday with the opening of a four-story shopping mall on Expo Boulevard.

The first phase of the River Mall opened at the two sides of the 1-kilometer Expo Boulevard, the main access to the Expo site.

Ninety percent of the space has been leased to stores, restaurants and entertainment venues. Operators
Fertilizer contaminated with used batteries and other toxic waste has resulted in another food safety scandal in China.

Jiang Xicheng, chairman of the environmental protection arm of the Guangdong Lion's Club, a charity organization, broke the news on the Internet, alleging that farmers in the southern city of Guangzhou made fertilizer out of fermented garbage that contained used batteries, sh
US fast food chain McDonald's Corp told the Global Times Wednesday that it has stopped sourcing chicken from beleaguered Shandong-based Liuhe Group Co, one of the largest chicken suppliers in China, after a Liuhe factory was shut down for selling chickens with excessive antibiotic residues.

"Liuhe is a secondary supplier to McDonald's (in China). As our responsibility to consumers, McDonald's

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