China is now a global economic power. Overall growth has averaged 7% to 8% for more than a decade, with digital markets expanding more rapidly in the last threee years. China is the world's largest telecommunications market with 300 million mobile subscribers and 290 million 'wired' subscribers, out of a total population of 1.3 billion, and an annual projected grwoth rate of over 15% in mobile subscribers. Chinese appliance manufacturers are experiencing growth in excess of 40% per year. However, internet penetration and e-commerce are still relatively low, with about 80 million online users, which implies huge growth opportunities, as this number grows.
Pearson, the international education and information company, has bought Wall Street English, China's leading provider of premium English language training to adults, for $145m in cash.
Michelle Wong, 16 April 2009
Telefónica is paying €802m ($1.15bn) for 5.7 per cent of China Netcom, which gives it a significant stake in the company created by the merger of China’s second fixed-line group with mobile operator China Unicom.
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Michelle Wong, 05 September 2008
China Telecom, China's biggest fixed-line operator, has agreed to buy a mobile business from wireless rival China Unicom for $15.9bn as part of a state-orchestrated telecoms sector restructuring. China Unicom operates a GSM wireless network in addition to the CDMA network it is divesting....
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Michelle Wong, 09 June 2008
A report recently produced by The Boston Consulting Group (BCG), ranks India 46th in the world for Innovation leadership in manufacturing. Singapore tops the list, followed by South Korea and Switzerland, with the United States ranked 8th. To effectively address the challenges of intensifying...
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Arun Muthirulan, 29 March 2009
WPP continues to pursue its global investment strategy with the acquisition of a minority stake in HDT Holdings Technologies, the Chinese rich media advertising company. HDT makes iCast web ad serving software, iStreaming video ad server, contextual ad delivery software iFocus and runs the T2C...
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Michelle Wong, 22 April 2008