Google could announce pull-out from China as early as today
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China's business press carried the following stories Monday. China.org.cn has not checked the stories and does not vouch for their accuracy.
Google could announce pull-out from China as early as today - Yicai.com
Google could announce pulling out from the Chinese market as early as today.
There is not much doubt that Google will shut down its Chinese search engine, said Broadpoint Amtech analyst Ben Schachter.
Foreign media, citing people close to the matter, reported last week that Google will announce its pull-out from China on April 10.
Analysts pointed out that if Google exits the Chinese market, its success in Asia will have to rely on Korean and Japanese markets. According to statistics from ComScore, Google held 8 percent of Korea's search engine market in February, while the country's search engine Naver held 51 percent. Google's market share in the Japanese market stood at 48 percent in February, with Yahoo holding 43 percent.
In India, Google dominates with an 88 percent of market share. Google has a market share of 27 percent and 32 percent in Taiwan and Hong Kong, respectively.
Jiangsu Expressway 09 net profit up 30% - China Securities Journal
Jiangsu Expressway (SSE: 600377) recorded a 29.5-percent increase in net profits in 2009, Chinese Securities Journal reported Monday.
According to Jiangsu Expressway's 2009 annual report, it accumulated 5.74 billion yuan of operating revenue last year, increasing 8.8 percent over 2008. The company collected 4.31 billion yuan in toll fees, up 7.5 percent from 2008.
The company attributed its profit growth to the rapid rebound in economy and two adjustments on weight charging of transportation vehicles.
BYD to sell electric cars to individual customers - China Securities Journal
Shenzhen-based domestic automaker BYD will begin selling F3DM, one of its electric cars, to individuals in Shenzhen, China Securities Journal reported, citing an unnamed source with BYD.
Despite that a number of domestic carmakers have launched their own electric cars, none are currently available to individual consumers. The launch into the individual market will start in Shenzhen and gradually cover the whole country, the source said.
BYD set F3DM's price at 149,800 yuan for organization customers, including government institutions and banks, but will lower the price for individual customers.
BYD has postponed sales to individuals several times in hopes that the government will help subsidize the high price of the F3DM – which is double that of BYD's F3. In February 2009, the Ministry of Finance said the public sector could get subsidies of 60,000 yuan per vehicle on full electric vehicles, but it has yet to introduce policies for individuals.
The source said sales of F3DM could get a big boost if the government announces supporting policies before the end of March. But even without the policies, BYD will go ahead with the sale, in the hope of giving an impetus to the launch of such policies.
