Suntech Power Holdings Co (NYSE: STP), a leading Chinese solar panel maker, posted net revenue up 61.9% year on year to $945.1 million and $383.4 million in net profits for Q4 2010. For the whole year, net revenue grew 71.4% to $2.9 billion and net profit was $262.3 million. The company produced 1.8GW of photovoltaic and solar cells and 500MW of silicon ingots and wafers in 2010
Baidu.com Inc (NASDAQ: BIDU), China's most used search engine, has begun testing its own web browser that is expected to help it strengthen its search business, said people familiar with the matter.
Focus Media Holding Ltd (NASDAQ: FMCN), China's largest out-of-home lifestyle community digital media group, posted $159.7 million in net revenue and $47.2 million net income for Q4 2010. For the whole of 2010, it posted $516.3 million in net revenue and $177.8 million in net income.
China's air-borne traffic will grow 7.6% annually over the next 20 years, predicted Boeing Co (NYSE: BA).
Over one in every 10 cellphone users in China will subscribe to 3G services by the end of this year, predicted China Unicom (NYSE: CHU, SHA: 600050, HKG: 0762) chairman Chang Xiaobing. Currently just 51.74 million out of 870 million cellphone users use 3G services.
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