China Launches Low-Tax Pilot Schemes to Support SMEs – Xinhua
NAI500 China News Weekly
Issue 121
China Market Highlight
Alibaba to help Salesforce localize and sell in China

Salesforce, the 20-year-old leader in customer relationship management (CRM) tools, is making a foray into Asia by working with one of the country’s largest tech firms, Alibaba.
Market Review
China Launches Low-Tax Pilot Schemes to Support SMEs – Xinhua
China plans to allocate 2 billion yuan ($290.16 million) to a low-tax pilot scheme to bolster small and medium enterprises (SMEs) in urban areas, the official Xinhua news agency said on Tuesday.
Chinese internet and entertainment giant Tencent Holdings has paid USD1.5 billion to renew its exclusive five-year digital licensing contract with the National Basketball Association, some three times the value of their previous agreement.

China Molybdenum takes full control of ex-Dreyfus metals unit for $518 million
China Molybdenum Co., majority owner of a huge copper-cobalt mine in the Democratic Republic of Congo, said on Thursday it had completed the acquisition of all of IXM, formerly the metals business of trading house Louis Dreyfus, for $518 million.

China General Nuclear Power released the prospectus for its listing on the Shenzhen Stock Exchange yesterday.
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