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Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN




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2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.



Technology

India Launches US$50 Aakash Tablet PC

Jan. 13 – India has launched the initial pilot run of the Aakash tablet PC, with some 100,000 units having been delivered this week. The PC, similar in look and functionality to an iPad, has been designed to specifically cater for Indian students and the Indian Ministry of Human Resource and Development is set to purchase 10 million of them to distribute to schoolchildren in attempts to improve literacy and educational standards across the country.

Jointly developed by the Canadian company Datawind and the Indian Institute of Technology Rajasthan, the Aakash is being manufactured in India at plants in Cochin, Noida and Hyderabad. By the end of March an updated version tweaked from observations made during this week’s run will be launched and distributed throughout the country at a rate of 5 million a month. Continue reading

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Microsoft Files Lawsuits Against China’s Gome and Buynow

Jan. 12 – Microsoft has filed lawsuits against Chinese electronic retailer giants Gome and Buynow for allegedly selling PCs with unlicensed versions of Windows and Office software, Microsoft said in a statement on Monday.

The company is taking legal action against the Shanghai division of Gome, one of China’s largest electronic appliances distributors, and the Beijing Chaoyang branch of Buynow, one of the biggest computer malls in the country. Microsoft said it has filed the cases in the Shanghai Huangpu District People’s Court and the Beijing Second Intermediate People’s Court to fight for its copyright and compensation for financial losses caused by the infringement. Continue reading

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China Telecom to Launch Mobile Phone Business in UK

Jan. 5 – China Telecom, the country’s largest fixed-line phone company in terms of customer numbers, is set to start its first overseas mobile phone service in the United Kingdom, Bloomberg reported.

China Telecom Europe – the company’s wholly-owned overseas division for Europe, the Middle East and Africa – will sign the UK wireless business deal with London-based Everything Everywhere Limited (EEL), EEL announced on its web site Wednesday. Continue reading

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China to Steer FDI into New Sectors

Dec. 30 – The National Development and Reform Commission (NDRC), China’s top economic planner, published the 2012 Foreign Investment Industrial Guidance Catalog on Thursday outlining industries in which foreign investments will be encouraged, restricted or completely prohibited.

In the Catalog, effective from January 30, 2012, the NDRC stated China encourages foreign investors in strategic emerging industries, such as energy-saving and environmentally-friendly technologies, next-generation information technology, biotechnology, alternative energy, advanced materials, recycling industries, and alternative-fuel cars. The NDRC added China welcomes foreign capitals in hospitals and financial leasing firms. Continue reading

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54 Officials Found Responsible for July Train Crash

Dec. 29 – 54 officials, including the former railway minister Liu Zhijun and the ministry’s deputy chief engineer Zhang Shuguang, will be punished for the deadly train crash in July, according to the report released by the State Council Wednesday.

“Serious design flaws” and bad management caused the tragedy, which led to public rage against the authorities, the long-awaited report stated. After the accident Chinese citizens accused the government of putting development and profit ahead of its people’s lives. Continue reading

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Major Chinese Cities to Require Real-name Weibo Registration

By Julia Gu

Dec. 27 – Following identical moves adopted by other major cities including Beijing, Guangzhou, Tianjin and Shenzhen, Shanghai is going to require users of Weibo, a twitter-like microblogging service, to register under their real names starting Monday, state media reported.

Authorities explained that the new rules aim to protect web users’ interests and improve credibility of the websites as well as to “foster a healthy Internet culture.” According to the report, netizens may use their screen names for tweeting, but for registration real names would be required. The guidelines will include both private and corporate users. Continue reading

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2pont6billion.com Now Accessible in Mobile App

Free app brings our emerging Asia business news portals to your fingertips

Dec. 16 – The brand new Asia Briefing mobile application brings the latest emerging Asia business news from 2point6billion.com right to your fingertips.

The free app integrates with legal and tax regulatory updates from Dezan Shira & Associates, along with China, India, Vietnam, Russia and Mongolia Briefings. With hourly updates, it helps you stay on top of Asia’s dynamic investment environments. Continue reading

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