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Chinese Internet company Baidu Inc is poised to make more acquisitions this year to entice smartphone users to tap into its services, a strategy that will put it on a collision course with bigger rivals like Tencent Holdings Ltd.
China will trial a new value-added tax for telecommunication services providers as a replacement for business tax, Premier Li Keqiang said at the opening of the annual meeting of parliament, a change which could hit the companies' profits.
Japan's Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in aftersales service.
Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster US stock sale wants to transform the rest of the country's services industry, adding new users to the giant's 300 million customers.
Chinese tech giant Tencent Holdings Ltd will launch a Chinese version of King Digital Entertainment Plc's explosively popular Candy Crush Saga game in China, as the UK-based mobile games maker looks to woo new users to support flagging sales in the United States and Europe.
Shares of Weibo Corp rose 19% in their US debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations.
China will limit the amount of money consumers can transfer to third-party online payment platforms, aiming to protect banks and consumers from fraud amid an explosion of online and mobile payment transactions.