Dating site Jiayuan joins Nasdaq fever

A new round of dotcom fever is being led by the online dating agency Jiayuan. The company, launched by a Fudan University student in 2003, applied on April 20 for an initial public offering (IPO) in the US.

Carmakers’ path to the global stage

To see how this year’s Shanghai Auto Show has grown, just check the guest list: General Motors Chief Executive Officer Dan Akerson, Volkswagen AG’s Martin Winterkorn, Toyota Motor’s Akio Toyoda and Carlos Ghosn, who runs both Renault SA and Nissan Motor.

Hainan duty free trial a success

Hainan’s tax rebate program seems to be a success. Thousands of customers swarmed its new duty-free stores that opened last Wednesday.

Inflation battle never ends – Gov raises bank reserve ratio for 4th time in fight

Although the central bank has intensified its monetary tightening to halt persistently high inflation, the measures may fall short of achieving the goal due to underground financial markets.

Huawei unveils board details

Top telecommunications equipment maker Huawei reported a spike in profit on Monday after an annual report revealed new details about the privately held company.

Trade deficit looms – Country steps away from export-led growth

The nation saw a trade deficit of $1.02 billion (6.66 billion yuan) from January to March this year, the first quarterly trade deficit in six years, according to figures released Sunday by the General Administration of Customs (GAC).

Rumored Facebook-Baidu deal sparks speculation

The world’s most used social network has long been locked out of the Chinese mainland, but recent rumors of a potential joint venture with local search engine giant Baidu have many wondering whether Facebook may finally be making its entry.

Country halts all investments in Libya

China will not make new investments in Libya until the country’s situation stabilizes, an official with the Commerce Ministry told Xinhua.

IKEA bans proxy buyers in Beijing, Shanghai

Swedish furniture designer and retailer IKEA opened its first China store 15 years ago in Shanghai. Since then, the chain has expanded to seven other mainland locations, including Beijing, Guangzhou, Chengdu, Shenzhen, Nanjing, Dalian and Shenyang.

Madness in the art market

Last year, an anonymous telephone bidder, later confirmed to be Chinese, offered a historic $106 million for a work by Picasso; now, a bidding competition between Chinese buyers at Sotheby’s has pushed a Chinese vase estimated at $800 to a staggering $18 million.