No. 325, July 23(4)

Bias Against China in Airline Industry 

Lin Zuoming, president of China Aviation Industry Corpotation I (CAIC I), says it is not optimistic in its bid for Airbus. He says that US and European aviation corporations are biased against Chinese firms, citing their fear of Chinese mergers in the industry and reticence to let go of their core technologies.

Original article: [Chinese]

Dangdang Secret Financing  

Dangdang.net, the biggest internet book store in china, is negotiating with two foreign venture capital firms for up to a hundred million dollars in financing for an overseas listing. Dangdang has kept up explosive growth, and is working to improve its customer experience and shorten the transportation time for goods. Despite this, the company still faces competition from Taobao.net and Joyo.net. 

Original article: [Chinese]

Olympics Start Early for Chinese Internet Giants 

Sina and Tengxun Networks have entered a cooperative agreement to jointly cover the 2008 Olympics online, making Sohu their sole major competitor. Sohu had previously spent millions of dollars to secure its rights as an official internet advertising medium for the Games. 

Original article: [Chinese]

MySpace China Clarifies Business Plan 

On July 16, MySpace China began to cooperate with Channel[V]. MySpace China wants to make its net users more active, and is aiming at Chinese college students and young professionals. Most revenues will come from advertisements for IT products, automobile and real estate. 

Original article: [Chinese]