Sharp Enters China's Mobile Phone Market As reported in March, Sharp will enter the Chinese mobile phone market. Japan's largest mobile phone manufacturer will launch its first type high-end mobile phone SH9010C in late June in Japan and China. All other Japanese mobile phone makers including NEC, Panasonic and Kyocera have left China due to fierce competition.
Blackstone Group Invests RMB1.1 bn in Shanghai
American private equity group Blackstone has acquired a commercial real
estate project in Shanghai for RMB1.1 bn, state media reports. This is
the first investment of Blackstone on Chinese soil. Blackstone bought a
90 per cent stake in a commercial building in downtown Shanghai from
Hong Kong-based VXL Capital Limited, which bought the building in 2006
for RMB585m. China Investment Corporation, the country's investment
arm, has invested USD3 bn in Blackstone last year.
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