ChinaRealNews

BSA highly recognizes China’s Efforts in promoting legal software

2007-04-27 Beijing

Jeffrey Hardee, BSA's vice president and regional director for Asia, highly recognized China’s efforts in promoting legal software in recent years. He said that BSA is proud of rapid development of China’s software sector. From 2003 to 2006, China’s software industry generated US$3.2 million and created approximately 500,000 job opportunities. The Chinese government has promoted enterprises to deploy legal software since last year.

Johnson & Johnson recalls plaque-detecting rinse

2007-04-27 Beijing

Johnson & Johnson is withdrawing its Listerine Agent Cool Blue plaque-detecting rinse. Consumers can call 800－820－1020 or visit the company’s website asking for full refund. The product is not available in China and Asia Pacific. Other Listerine products sold in China are not affected as they are safe and effective. It’s said that the product’s preservative did not effectively control certain microorganisms.

Lenovo, Haier start Olympic marketing in succession

2007-04-27 Beijing

Today, Lenovo will officially announce its Olympic marketing strategy while Haier will hold a ceremony tomorrow for its central heating system’s entry into places where the 2008 Beijing Olympics will be held. In a move to accelerate its internationalization, Lenovo has begun making great efforts in sports marketing since its acquisition of IBM’s PC business.

Quality of L'Oreal product for charity sale questioned

2007-04-27 Beijing

Commenting on a report concerning the quality problem of a skincare product recently sold by L'Oreal in a charity sale on the campus of the Renmin University of China, a responsible executive at L'Oreal said the company’s original internal quality report shows that all the quality indicators of the product meet relevant standards. The quality problem may be caused by improper shipping or storage, the executive added. L'Oreal has replaced the questionable product with a qualified one. 

Audi Roadjet plan fails

2007-04-27 Shanghai

Reports said that Audi has terminated its Roadjet production initiative. The automaker found that the image of the planned model, which was expected to be a luxury hatchback more powerful than Audi A4, will not be in line with its sports car development direction, the reports explained. However, industry insiders indicated that the Audi Cross Coupe Quattro concept car demonstrated recently at the Auto Shanghai 2007 was in fact an outcome of the development of the failed Roadjet.

Joint venture automakers dominant Mainland China’s auto market

2007-04-27 Shanghai

The Auto Shanghai 2007 closed yesterday and all the HK$2m-10m worth of famous sedans demonstrated at the auto show have been bought by local people, demonstrating the immense purchasing power of people there. The most aggressive participants in the auto show were such European automakers as Audi, Volkswagen and Mercedes-Benz. The Auto Shanghai is likely to become one of the Big 5 auto shows of the world and joint venture automakers have secured a dominant position in the Chinese auto market, said an analyst.

Repairing damage to Hong Kong’s hard-won reputation on tourism

2007-04-27 Hong Kong

Despite the launch of multiple measures aimed to crack down on such frauds as zero-fee tours, shopping scams and rude tour guides to realize a quality, honest Hong Kong tour, James Tien Pei-chun, chairman of the Hong Kong Tourism Board, expects the zero-fee tour frauds to continue to have an adverse impact on the intention of Mainland China tourists on travel during the upcoming Chinese May Day “Golden Week” holidays. However, the reduction of tourists from Mainland China during the May Day holidays may be narrowed from 8% to 10% in April 2007 to 2% to 3%, and the total number of Mainland China tourists entering Hong Kong during this “Golden Week” is still likely to exceed 400,000, according to Tien.

Morgan Stanley upbeat about Shun Tak Holdings, giving “market performance” rating to Melco International Development, Galaxy Entertainment respectively

2007-04-27 Macao

After analyzing the gambling and property projects of three gambling companies in Macao, which recently posted their results for 2006, Morgan Stanley said in a report that property stocks in Macao are now more attractive. Morgan Stanley gave an “outperform” rating to Shun Tak Holdings Ltd., which owns property projects in Macao, while giving a “market performance” rating to Melco International Development Limited and Galaxy Entertainment Group Ltd respectively.

SJM expects net profit to rebound after adoption of new measures of broadening revenue stream, reducing expenditures

2007-04-27 Macao

Ambrose So, director of Sociedade de Jogos de Macau, S.A (SJM), said that the reasons for the reduction of SJM’s net profit for last year include investment in new construction projects in addition to the increase of costs caused by the rise of compensation for staff members and marketing expenditures. The company plans to take more efficient measures to broaden its revenue stream and reduce expenditures from now on, according to the director. So expects the company’s net profit to rebound after the completion of those new construction projects.

BSA CEO congratulates on successful copyright knowledge TV competition

2007-04-27 Nanjing

The final of “Jiangsu Province Copyright Knowledge TV Competition 2007”co-sponsored by the Jiangsu Provincial Copyright Administration and Jaingsu Provincial Bureau of Press and Publication, was broadcast yesterday. The TV competition received great attention and support from related departments. 16 representative teams attended the competition. Business Software Alliance (BSA) CEO Robert Holleyman sent a congratulation letter to Jiangsu provincial government, congratulating on the successful the TV competition.