China-focused business e-commerce company Global Sources Ltd. has taken a year-on-year revenue hit of 14% according to its financial results for the first quarter ended March 31, 2009.

Chi Mei Group, the Taiwan-based LCD panel manufacturer, has announced that it made net losses of USD923 million in the fourth quarter of 2008, which is the greatest quarterly loss of an individual company in the history of the panel industry.

Chinese Internet auction and e-commerce website Taobao.com has announced that its trade value in 2008 reached CNY99.96 billion, making it one of the largest comprehensive shopping platforms in China.

Chinese software provider Kingsoft plans to invest CNY1 billion to build a 96,000-square-meter headquarters and research center in Zhuhai, Guangdong province.

The global financial crisis has hit Chinese PC maker Lenovo and it has announced that it will cut approximately 11% of its total global workforce, while the company expects to report a loss for the fiscal quarter that ended December 31, 2008.

Though Global Sources was able to increase total revenue 11% and online revenue 19% compared to the third quarter of 2007, its profit for the third quarter of 2008 sunk over the same period of last year as it reported financial results for the third quarter ended September 30, 2008 and notified shareholders that its [...]

Chinese B2B e-commerce website company Alibaba.com announced its financial results for the quarter ended March 31, 2008 and said total revenue increased to RMB680.1 million, an increase of 53.2% year-on-year and 7.2% quarter-on-quarter.