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May 23 – Google Inc's (Nasdaq: GOOG) Android operating system runs two-thirds of the smartphones sold in China, according to Bloomberg.
http://www.bloomberg.com/news/2012-05-22/google-void-seen-as-opportunity-for-china-mobile-app-store-tech.html
May 22 – Microsoft Corp's (Nasdaq: MSFT) MSN unit is planning a move into China's e-commerce market to coincide with the end of beta testing for the company's Bing search engine in the country, Marbridge Daily reported, citing MSN China president Liu Zhenyu. MSN currently has 50 million to 60 million active monthly users in China, and will further integrate its services with the Windows Phone platform.
http://www.marbridgeconsulting.com/marbridgedaily/2012-05-22/article/56331/msn_china_to_launch_e_commerce_business
May 21 – Marriott International Inc (NYSE: MAR), the US's largest publicly traded hotel chain, said it plans to increase its number of hotels in China from 58 now to 110 by the end of 2016, where 52 of the new openings will be in second and third tier cities.
http://www.eeo.com.cn/2012/0521/226811.shtml
May 17 – Coach Inc (NYSE: COH, HKG: 6388), a luxury US accessories and gifts maker, said it would launch its first official online shop in China in the next 12 to 18 months. It opened a trial e-store in the country in December, when it was operating 65 outlets across 28 Chinese cities.
http://www.linkshop.com.cn/web/archives/2012/209242.shtml
May 17 – Johnson & Johnson (NYSE: JNJ) is "very serious" about acquiring assets in China to treat conditions such as mental disease and cancer, Bloomberg reported, citing an executive. The company is interested in buying Chinese companies or products involved in the mental health, oncology, immunology, vaccine and OTC drug fields, said Thad Huston, president of J&J's Xian-Janssen Pharmaceutical Ltd unit.
http://www.bloomberg.com/news/2012-05-16/j-j-targets-china-acquisitions-for-mental-disease-drugs.html
May 17 – Michael Kors Holdings Ltd (NYSE: KORS), a US-based designer clothing retailer, said it plans to open its first Chinese flagship store in Shanghai early next year and to operate 100 stores in the Greater China region in the next three to five years.
http://www.linkshop.com.cn/web/archives/2012/209159.shtml
$1 = ¥6.33
@2011 China Economy @ The China Perspective.
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