WPP purchases digital ad agency WPP Plc, the world’s largest advertising company, is add- ing to its network in China, buying a digital ad agency as part of an expansion strat- egy.儲存 WPP purchased IM2.0 through its VML operating company, which is part of the Young & Rubicam network, WPP said in a statement on Tuesday. “IM2.0 is one of China’s leading and most successful pure-play digital agencies,” WPP said in the statement, noting the Mobile Marketing Association named it “agency of the year”in China this year. China is WPP’s third-largest market (behind the United States and United Kingdom) with rev- enue, including associates, of $1.4 billion and about 14,000 employees.Rare-earth mining rules being drafted China, the world’s largest producer of rare earths, is drat ing rules to crack down on illegal mining, reduce pol- lution and prevent price wars, an industry association said on Tuesday. h e rules are only at the proposal stage, said Chen Zhanheng, a spokes- man for the Association of the China Rare Earth Industry in Beijing. h e group has extensive contacts with vari- ous ministries and is in charge of drat ing rules on the issue, although it isn’t ai liated with the government, he said.Rio reports record iron ore, coal output Rio Tinto Group, the world’ssecond-largest mining com- pany, reported record third- quarter iron ore and thermal coal output and raised its full- year copper forecast as China’scommodity demand surged.Iron ore production was 53.4 million met迷你倉ic tons, compared with 52.6 million tons a year earlier, the London-based company said on Tuesday in a statement. h at compares with the 53.3-million-ton median estimate of i ve analysts sur- veyed by Bloomberg News.First foreign ? rm set up in FTZ h e i rst foreign-funded com- pany registered within the China (Shanghai) Free Trade Zone won oi cial approval on Monday. Dajiabao.com, the i rst online-to-ol ine insurance vendor in China, applied to establish a solely foreign-owned company “Alier (Shanghai) Network Technology Co” at er its par- ent company was i nanced by inter-national venture capital i rm, Qiming Venture Part- ners. Alier, with a registered capital of $3 million, handed in its application on Oct 8, and was approval within three days, said Fang Yushu, CEO of Dajiabao.com.HTC launches its ‘phablet’ in Beijing h e struggling Taiwan-based phone manufacturer HTC launched its latest plus-sized handset in Beijing Tuesday, hoping to cash in on the fast growing Chinese mainland market where users are demanding increasingly larger screens. h e “One Max”,which boasts the widest display in the HTC family at 5.9-inches and a i ngerprint scanner, is to be rolled out around the world from the middle of the month, the company said. h e device which sits in the so-called “phablet” category where handsets are larger than aver- age smartphones but smaller than tablets will not receive its Taiwan or Unites States launch until later this week.CHINA DAILY — AGENCIESself storage
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