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PC maker Lenovo announced a $96.7 million quarterly loss Thursday as sales dropped in the global economic turmoil and said CEO William J. Amelio resigned in a management reshuffle. Amelio will be succeeded as chief executive by Chairman Yang Yuanqing, Beijing-based Lenovo announced.
China will issue third-generation mobile phone licenses as early as this month and expects companies to spend about $30 billion on installing equipment, the industry minister said Friday. China has the world’s biggest population of mobile phone users, and adoption of 3G was eagerly anticipated.
China’s booming Internet population has surpassed the United States to become the world’s biggest, with 253 million people online despite government controls on Web use, according to government data reported Friday. The latest figure on Web use at the end of June is a 56 percent increase from a year ago, the China Internet Network Information Center said.