Reuters Targets China in Consumer Push

Reuters is to start offering its products directly to consumers in China as part of a strategy that will see the company push into consumer markets across the world.

The British-based news and financial information giant has appointed Glenn Asano as the newly created head of consumer media for China. As the company's former head of media for Asia, Asano will lead the marketing and development of the company's products for consumer online, mobile, and television markets in China.

Unlike Reuters' core customers working in the financial markets, who pay substantial subscription fees, the company will target private investors and business professional with its new offerings. The company will offer data, research reports, and news for Internet and mobile phone users in China, which represents the world's biggest mobile phone market with more than 300 million users, and more than 90 million Internet users.

(Xinhua)

GM Cooperates with Shanghai to Produce Hybrid Bus

U.S. automaker General Motors says it will build its first hybrid bus in China, in conjunction with the Shanghai Automotive Industrial Corporation, to promote cleaner, more fuel-efficient vehicles.

GM will work with its Shanghai partner to develop and market the new bus. China's Ministry of Science and Technology has listed the development of the hybrid bus as a national research task, as car emissions are choking China's cities. The hybrid bus has been in commercial use in the U.S., and it has been proven that this type of bus, which runs mainly on diesel and electricity, can reduce emissions up to 90 percent. The bus, which will cost less to maintain, will also reduce noise and be more comfortable inside.

(CRI)