http://poddy.cn technology | venture capital | web2.0 Fri, 12 Sep 2008 08:45:17 +0000 http://backend.userland.com/rss092 en Chinalco Northeast Light Alloy Co, which provides aluminum alloys to the aviation and defense industries, will spend more than 5 billion yuan ($729 million) to build a new plant as it tries to meet rising demand. Construction of the 200,000-ton-a year alloy plant in Harbin, Heilongjiang province, began on Tuesday and it ... http://poddy.cn/?p=47 China's mainland reported a 41.6 percent year-on-year surge in the actual use of investment from other areas in the first eight months of this year. Investment inflow reached $67.73 billion from January to August, China's Ministry of Commerce said on Wednesday. Zhang Hanya, a researcher with the National Development and Reform Commission, ... http://poddy.cn/?p=46 The Ministry of Finance will "soon" draft special rules requiring local governments to buy more products from small and medium-sized enterprises (SMEs). Funding to SMEs will be increased significantly to help them cope with the tightened credit situation and falling global demands, the ministry said Thursday. The ministry will earmark 3.51 billion ... http://poddy.cn/?p=45 China Oilfield Services Ltd (COSL) yesterday decided to offer 12.7 billion kroner ($2.5 billion) to buy Norwegian company Awilco Offshore ASA (AWO), in a move to create the world's eighth largest rig fleet.COSL will offer 85 kroner a share in cash for the Norwegian firm, said a company statement yesterday. ... http://poddy.cn/?p=44 China has taken a series of increasingly aggressive measures in the past several months to blunt the impact of so-called "hot money," amid the explosive growth of its foreign exchange reserves, which have soared beyond what can be explained by trade and investment flows. The inflows have been so massive as ... http://poddy.cn/?p=43 Europe is a hotbed of mobile startups right now, so appropriately enough the Mobile 2.0 event which started in San Francisco is putting on a one-day international event tomorrow in Barcelona which focuses on mobile startups, dubbed Mobile 2.0 Europe. I’ll be moderating a panel there, hosting a TechCrunch networking ... http://poddy.cn/?p=42 Chinese interest in US commercial property is back, and this time Chinese investors may become significant players as the nation devises a vehicle to divert large amounts of funds for foreign investment, a Cushman & Wakefield executive has said. Flush with dollars from a huge trade surplus, the Chinese sovereign wealth ... http://poddy.cn/?p=41 Hankou Bank, which was launched yesterday after the restructuring of city lender Wuhan Commercial Bank, said it plans to introduce foreign strategic investors and go public.   The bank aims to attract one to two foreign lenders as strategic investors to get more capital and improve its equity structure, it said. Sources ... http://poddy.cn/?p=40 A delegation from the City of London, which has long claimed to be one of the most influential financial centers in the world, are to tap business opportunities in China. The delegation, headed by Lord Mayor David Lewis, will visit Beijing, Shanghai, Hongkong, Tianjin, Xiamen and Changsha between June 24 and ... http://poddy.cn/?p=39 Lafarge, a world leading cement maker, has opened a 110-million-yuan ($15.98 million) gypsum plant in Chengdu, Sichuan province. The new plant will produce 20 million sq m of plasterboard annually, in a start-up which represents Lafarge's commitment to local manufacturing in its two Sichuan business divisions: cement and gypsum. "We made our ... http://poddy.cn/?p=38