BizChina

Alimama.com challenges the main Internet advertising player in Chinese online AD market.

China's Internet advertising market hit 13.8 billion yuan (about $2.17 billion) in the third quarter, according to a report released Friday in Beijing.

The figure shows a 22.5 percent quarter-on-quarter increase, and an 83.1 percent increase compared to the same period in 2010, said the report released by Beijing-based Analysis International, a leading provider of information products, services and solutions for China's Internet market.

China Mobile Limited (CML), the world's largest telecommunication firm by users, announced on Friday the incorporation of a new company to accelerate its development of 3G and smartphone technology.

The new firm, China Mobile Terminal Co. Ltd, will handle the customization, tests, procurement, sales and service of the group's third-generation, or "3G", devices, said Li Yue, CML's Chief Executive Officer.

A wholly owned subsidiary of CML, its development of terminals - including phones, tablets and other mobile Internet devices - will focus particularly on the "time-division" (TD) variant of 3G. Currently, there are about 120 TD terminal manufacturers in the world, 50 of which are TD mobile phone makers.

Three Chinese inspectors took notes but offered no visible reaction as David Smith answered their questions about pesticides and production on the 3,000-acre rice farm he calls his "beautiful garden."

Smith is among the American farmers hoping to eventually sell rice to China. The fast-growing Asian nation is the world's largest producer of rice, but it consumes nearly everything it grows and already imports some rice from Thailand and Vietnam to feed its 1.3 billion people.

After years of effort, U.S. farmers believe they are close to getting permission to sell there as well, and it could be a game changer for an industry that has seen prices stagnate recently. If China opens its markets to U.S. rice, it could cause a spike in demand that drives up prices and encourages farmers to grow more, industry observers said.

The prospect is particularly exciting to Arkansas farmers, who have been hard hit this year by spring flooding and a summer drought. Arkansas' rice crop is expected to be off by at least 20 percent this year. It typically accounts for about half of the U.S. rice harvest.

Liu Chuanzhi, the board chairman of China's largest PC maker Lenovo Group Ltd, said the company will take aggressive action to expand in the international market and aims to move into the No 2 spot by the end of this year.

A few weeks ago, No 1 PC maker Hewlett-Packard Corp (HP) announced it will spin off its PC sector and halt production of its Internet mobile devices, such as smartphones and tablet PCs. Liu said, "if HP sold it for $ 1 Billion, I will seal the deal".

"The resignation of Jobs eased pressure on Lenovo," said Liu.

He used to criticize Jobs for not paying enough attention to the Chinese market. Now the Chinese company is glad to fill the gap in the overseas market left by its international competitors because of strategy adjustments.