China Daily has reported that Internet conglomerate Tencent Holdings Ltd has bought a 16 percent stake in an online travel company in China with the goal of expanding its portfolio and fueling growth. The purchase means that Tencent is now eLong’s second-biggest shareholder, behind Expedia Inc, the world’s biggest online travel agency, which owns 56 [...]

-May 20, 2011 Chinadaily has reported that China’s small and medium-sized enterprises (SMEs) are facing staggering operational challenges as they are hit by increasing production costs and tight monetary policies, said officials and economists Quoted in the Chinadaily, the Vice-chairman of the Central Committee of the China National Democratic Construction Association, Gu Shengzu has said [...]