Publications

Are Firms Ready for Twitter?

New channels of electronic communication have been a boon to many industries, opening up sales and marketing opportunities, helping improve customer service and speeding up innovation and collaboration. For Wall Street, however, the benefits of technology such as Twitter have to be weighed against the compliance pains. Twitter, launched by San Francisco-based Obvious in late

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Standard Chartered Issues Yuan Debit Cards in China

United Kingdom-based Standard Chartered bank has begun issuing yuan-denominated debit cards in China after signing a card agreement with China UnionPay, a bank spokesperson tells CardLine Global. The bank earlier this month received permission from Chinese financial authorities to issue the cards (CardLine Global, 14 July). The bank is among the first foreign financial institutions

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Chinese Making More Inquiries About Credit Records

In an apparent sign of the growing sophistication of the Chinese lending market, Chinese citizens made at least 150,000 inquiries about credit records in June, the People’s Bank of China says, up from 1,000 inquiries in January 2005. The increase in inquiries comes after China’s financial authorities expanded the information included in the country’s credit-information

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Music industry allies against Baidu

Music industry groups have called the popular Chinese search engine Baidu “the largest and most incorrigible purveyor of pirated music in China.” Other organizations backing the initiative include the China Audio-Video Copyright Assn. and the International Federation of the Phonographic Industry, along with local and international record labels including EMI Music Publishing, Universal Music, Sony

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China’s Tudou scores $57 mil in financing

China’s top video-sharing site,  Tudou.com, announced $57 million in new financing Monday, confirming rumors previously circulating online. Investors include IDG, Granite Global Ventures and General Catalyst, all of which have invested in the company before. Previous funding rounds raised $500,000, $8.5 million, and $19 million, respectively. The new investment totals $85 million, the company said,

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