BizChina

People say goodbye to Ministry of Railways PRC, 12th March 2013.

The Chinese government has approved the establishment of China Railway Corporation to perform the commercial functions of the defunct Ministry of Railways as part of the cabinet restructuring plan.

The planned corporation, with a registered capital of 1.04 trillion yuan ($165.73 billion), will be a wholly State-owned enterprise administered by the central government and supervised by the Ministry of Transport and the future State Railways Administration (SRA), according to a statement posted on the government website.

China's Internet giant Tencent Holding Ltd is seeing a shift in the demographics of the user base of its WeChat messaging application, as international users start to adopt the popular mobile service.

The company is moving ahead with its overseas plans by setting up an office in the United States, the first overseas unit of its kind targeting the development of WeChat, and marking a critical step for its global outreach.

Alibaba Group claims its 1-day sales valume reaches 19.1 billion RMB on 11.11.2012.

About 80 million packages were sent on that day. The Chinese express delivery industry grown up with online sales.

Qihoo 360 develop a free strategy, Zhou, the founder, is very happy to talk about how the 'disruptive innovation' works.

"Qihoo 360's business model is called Freemium, Free + the Premium value-added services to provide free security and anti-virus services to individual users.