1st step to intelligent cars
EVEN if you are a newcomer to London, Paris or New York, you can drive through the zigzagging roads or back streets without getting lost with an intelligent transportation system (ITS) in your car.
Philips builds two bases for research
PHILIPS launched two research facilities recently in Shanghai and Xi'an, capital city of Northwest China's Shaanxi Province.
Container shipping brisk
CHINA'S composite index for export containers was 1,153.8 points yesterday, up 1.2 per cent over last week, Liu Xiaoliang, a spokesman with the Shanghai Shipping Exchange said.
Shopping from home the next big thing
HOME-SHOPPING is expected to net 5 to 8 billion yuan ($605-967 million) in total sales in 2005 and account for about 4 per cent of total retail sales in the city.
Centre to regulate ad market
SHANGHAI now has China's first advertisement clearing house established to level the playing field in the nascent advertising market.
More input urged to fund industrial R&D
INDUSTRIAL companies have been urged to allocate more sales revenue for research and development projects to maintain Shanghai's leadership in China's industrial development.
Housing sales in 15% yearly gain
THE property market in Shanghai achieved an increase of 21.1 billion yuan ($2.6 billion) in transaction value in 1999, a 15 per cent increase over 1998, according to the latest statistics released by Shanghai Municipal Statistics Bureau.
Nortel to speed Internet services
HELP is on the way for Internet surfers here who once suffered from the slow transmission speeds and high costs resulting from the narrow bandwidth of the Internet service providers (ISPs).
Huashan Rd 'Butterfly' for sale
KERRY Development (Shanghai) Co Ltd will begin sales of its new residential properties this month in Shanghai.
Lucent opens 4th China R&D centre
LUCENT Technologies, a US-based global telecommunication company, has opened its fourth China-based research and development centre in Shanghai to develop up-to-date technology on the next generation of high-speed switching and transmission systems.
Xilinx launches Virtex-EM family
XILINX, an innovator of complete programmable logic solutions, recently announced the launch in Shanghai of its Virtex-E Extended Memory (Virtex-EM) family, the company's newest family of FPGAs (field programmable gate array) that provides greater block RAM and higher memory bandwidth for special applications.
Website set up for express delivery
DAZHONG Group last weekend set up a website for express delivery services in the hope to increase its share of the competitive logistics market. "This is the first step towards a citywide logistics network," said Yang Guoping, general manager of Dazhong Transportation (Group) Company. The on-line company has registered capital of 100 million yuan ($12 million) and was launched by Dazhong Transportation, Dazhong Science and Gas Sales Group. Dazhong Transportation has a controlling 60 per cent of the shares, an indication that it is shifting its business focus from taxi services to e-commerce and logistics. "E-commerce is our business orientation and the key to the logistics network," Yang said. Dazhong is one of 18 businesses designated by the Ministry of Communications to be at the forefront of expanding the logistics service. China is now a coveted market for foreign express delivery companies including US Federal Express and United Parcel Service, Australian TNT and British Tibbett & Britten. "More companies will flock to China after its entry to the World Trade Organization," Yang said. "We will be beaten if we don't develop e-commerce to promote the express business," he said. The general manager said Dazhong has the advantage over others that it has established a delivery network nationwide. With 10,000 vehicles, it is already engaged in transporting cargo between enterprises and between enterprises and individual customers. (Star News)
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