Monday, May 28, 2012

Top China Stories from WSJ: Lenovo?s Gains, Sea Tensions, Macy?s Makes a Move


Your daily round-up of the Journal?s best China coverage:

Macy?s Makes China Move: Macy?s is acquiring a minority stake in a Chinese online retailer that will sell the U.S. department store?s merchandise on its website. It will pay $15 million for a stake in VIPStore, which operates the Omei.com website. ?Subscriber Content)

Lenovo Makes Solid Gain: Lenovo bucked the tough times in the personal-computer business with a 59% rise in fiscal fourth-quarter net profit. (Subscriber Content)

Philippines Says China Fans Sea Tensions: Manila expressed ?grave concern? to Beijing, saying that dozens of Chinese vessels had been deployed in a disputed portion of the South China Sea despite a fishing ban. (Subscriber Content)

Smartphones Turn China?s Internet Revenue Mobile: ?Smartphones are making the giants of China?s telecom and Internet sectors look a little slow. (Subscriber Content)

Details Released in Gome Case: China?s top court detailed the insider-trading charges against the founder of Chinese retailer Gome, who has been in prison since 2010. (Subscriber Content)

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