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$100 billion dollar Chinese group to set up industrial townships in India

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DALIAN/CHINA, 12SEPT09 - Wang Jianlin, Chairman and President, Dalian Wanda Group, speaks during the Success versus Survival in a Global Downturn session at The World Economic Forum Annual Meeting of the New Champions in Dalian, China 10-12 September 2009. Copyright World Economic Forum (www.weforum.org/Natalie Behring)
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New Delhi: The $100-billion Chinese company, Dalian Wanda Group, is planning to develop industrial townships in India with built-in facilities such as schools, hospitals, shopping malls and recreational centres; a top official of the company has said.

Wang Jianlin, chairman of the group, expressed his company’s interest while interacting with the Indian business community convened by the Confederation of Indian Industry (CII) here, according to a statement from the chamber.

Wang said, that he was impressed with the foreign investment norms of the government and said this was his follow-up visit to India, after meeting with Prime Minister Narendra Modi during his China visit in May.

He said that he would closely work with the local state governments to attract Chinese investments in the industrial townships set up by the Dalian Wanda Group.

Amitabh Kant, secretary, Department of Industrial Policy and Promotion, told the session that areas such as media and entertainment, tourism and culture should also be promoted bilaterally to create people to people awareness.

In his opening remarks, Chandrajit Banerjee, director general, CII, said that the centre piece of recent India – China engagement has been their cooperation in the economic sphere and the widening footprint of Chinese businesses in India and vice-versa.

The $100-billion dollar Chinese company, founded in 1988, operates in the areas of commercial property, luxury hotels, culture and tourism, and department stores.

As many as 40 senior industry members from infrastructure, construction, tourism, hospitality, and media and entertainment participated in the interactive session. (IANS)

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Dating Apps Face Restrictions in China After Their Growing Success

A mobile application, which allows wealthy older people to connect with young lovers, is facing restrictions in China after a surge in popularity in the country, state media reported on Friday.

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The study by global cyber security company Kaspersky Lab showed that many dating apps do not handle users’ sensitive data with sufficient care. (Source: File Photo)

A mobile application, which allows wealthy older people to connect with young lovers, is facing restrictions in China after a surge in popularity in the country, state media reported on Friday.

SeekingArrangement, which was the most downloaded app on Apple Store China this week and also registered high numbers on Android, has been banned from WeChat — a popular Chinese messaging service similar to WhatsApp — Efe news reported citing the official newspaper China Daily.

The move came after the state-run Global Times — linked to the Communist Party of China — urged the government to shut down the app’s operations in the country for promoting “sugar dating”, a practice in which wealthy older suitors are matched with younger people in exchange for economic benefits or gifts.

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Lawyers cited by official media warned that the services offered by such websites could be classified as prostitution, which is illegal in China.

How safe are online dating apps?

The app was founded in 2006 by entrepreneur Brandon Wade, who has defended it by saying “love is a concept invented by poor people”, and has its Chinese headquarters in the Shanghai Free Trade Zone, which has fewer legal restrictions than the rest of the country.

Male members pay a monthly fee of $60, while females use the app for free or pay $15 to access more functions and are required to list their annual income, which should be higher than $47,000 to use the services. (IANS)

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