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July 2 – Apple Inc (Nasdaq: APPL) will pay $60 million to settle a trademark dispute with Proview Technology (Shenzhen) Co over the use of the iPad name in China, the Wall Street Journal reported, citing a court in Guangdong. Apple officials were not immediately available for comment. High demand for the iPhones and iPads has made China Apple's biggest market outside the US, representing 11.5% of its global revenue in 2011, or $12.5 billion. Apple shipped an estimated 4.1 million tablets there last year, according to research firm IDC. Separately, the iPhone series captured an 8.52% share of China's smartphone market in April, trailing Samsung's 22.75%, according to ABI Research.
http://online.wsj.com/article/SB10001424052702304211804577501681233676036.html
June 28 – Nike Inc (NYSE: NKE) said it has opened its official online store on Tmall.com, China's most popular B2C site with 470 million shoppers. Separately, it said its revenue from China fell to $667 million in its fiscal quarter ending May 31 2012, down 3.9% from the previous quarter.
http://finance.qq.com/a/20120702/000707.htm
June 26 – Best Buy Co Inc (NYSE: BBY) said it will open stores under its Best Buy Mobile brand in 14 Five Star malls this year. Five Star is a Nanjing, Jiangsu province-based appliance and electronics retailer owned by Best Buy.
http://www.linkshop.com.cn/web/archives/2012/214337.shtml
June 26 – Lennar Corp (NYSE: LEN), one of the US's largest home builders, is in talks with the China Development Bank for $1.7 billion in capital to jump-start two long-delayed San Francisco projects that would transform two former naval bases into large-scale housing developments, the Wall Street Journal reported, citing people familiar with the discussions. The developments, named Treasure Island and Hunters Point Shipyard, also have the potential to alter San Francisco's housing market by providing 20,000 new homes, a sports arena and millions of square feet of office and retail space.
http://online.wsj.com/article/SB10001424052702304458604577489062449154168.html
$1 = ¥6.31
@2011 China Economy @ The China Perspective.
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