Subscribe free to our newsletters via your
. Space Travel News .




TRADE WARS
France's Sanofi opens research hub in China
by Staff Writers
Shanghai (AFP) Sept 25, 2014


US software firm Adobe to shut China research branch
Shanghai (AFP) Sept 25, 2014 - US software giant Adobe will shut its research arm in Beijing by the end of the year, laying off 350 people, according to a statement, as foreign technology firms face a worsening business climate in China.

US tech firms, including Microsoft and Qualcomm, have come under investigation over business practices, the latest in a series of industries to face tougher government scrutiny.

However, Nasdaq-listed Adobe denies the move is a reflection of the Chinese market and says it is part of a broader strategy to place technical teams in fewer locations, according to the statement provided to AFP on Thursday.

"The move will not affect Adobe's overall level of investment in R&D (research and development) and is not an indication of financial performance in China or worldwide," the statement said.

Adobe, which is based in San Jose, California, this month said net income for the three months ended August 29 slumped 46 percent year on year to $44.69 million.

"We are committed to China as a long-term market, and will continue our sales presence nationally as always," the firm, which makes the Acrobat and Photoshop software, said.

Chinese authorities have raided the offices of Microsoft as part of an anti-monopoly investigation aimed at its Windows operating system -- which is used on the vast majority of computers in China -- and the Office suite of programmes.

The head of the government agency investigating Microsoft for what it calls "monopoly actions" said last month that the probe includes the way the US giant distributes its media player and browser.

Chinese state media has reported that US chip maker Qualcomm is also being probed over an alleged monopoly position in the mobile phone chip market.

Some analysts have linked the investigations to a US government move to indict five members of a Chinese military unit for allegedly hacking American companies for trade secrets.

French pharmaceutical giant Sanofi opened a research hub in Shanghai Thursday, the company said, as foreign drug firms face government scrutiny after drugmaker GlaxoSmithKline (GSK) was found guilty of bribery last week.

The facility, the fifth global hub for the company and its first in Asia, groups 12 countries including the world's most populous nation of China, Sanofi said.

The China-based operation will employ 1,400 people, it said. Sanofi officials declined to give an investment figure.

"With the launch of the hub, we will continue to pioneer R&D (research and development) in Asia-Pacific," said Frank Jiang, Sanofi's head of R&D in Asia-Pacific.

Shanghai has sought to attract multi-national companies to set up regional headquarters in the city with the number reaching 470 as of mid-year, according to state media.

The Shanghai facility will research and develop products in four broad areas -- biopharmaceuticals, vaccinations, disease and animal health -- in cooperation with other global hubs, company officials said.

The company already has existing R&D capabilities in China, along with seven plants producing mainly for the China market, they said.

The opening comes just days after China fined British drugmaker GSK 3.0 billion yuan ($490 million) for bribery and handed jail terms of up to four years to five executives.

Chinese state media has reported that authorities have visited offices and requested information from other foreign pharmaceutical companies following the GSK case.

The 21st Century Business Herald newspaper last year reported that an anonymous whistleblower had raised allegations of bribery against Sanofi in China.

But a spokeswoman for Sanofi told AFP on Thursday that they were not aware of any misconduct.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Farmers protest planned $50-bn canal in Nicaragua
Managua (AFP) Sept 24, 2014
Hundreds of farmers Tuesday demonstrated against a new $50 billion waterway aimed at rivalling the Panama Canal, irate at plans to expropriate the land they work. "We do not want the canal to be built. Nobody should come in here and take over our land," said Ronald Enriquez at a march in the southern town of Potosi, where participants scuffled with police. The mega-project through Nicara ... read more


TRADE WARS
Elon Musk, Rick Perry attend groundbreaking for Texas spaceport

France raises heat on decision for next Ariane rocket

SpaceX is not only taking a 3D printer to space, but mice too

United Launch Alliance Launches Its 60th Mission from Cape Canaveral

TRADE WARS
Why India went to Mars

Two Martian Probes Set to Orbit Red Planet

India successfully testfires its maiden Mars mission's liquid engine

NASA's MAVEN spacecraft enters Mars orbit

TRADE WARS
Lunar explorers will walk at higher speeds than thought

Year's final supermoon is a Harvest Moon

China Aims for the Moon, Plans to Bring Back Lunar Soil

Electric Sparks May Alter Evolution of Lunar Soil

TRADE WARS
Democracy has spoken, Pluto should be a planet

Miranda: An Icy Moon Deformed by Tidal Heating

Awaiting New Results on Pluto's Atmosphere

New Horizons Crosses Neptune Orbit On Route To First Pluto Flyby

TRADE WARS
Chandra Finds Planet That Makes Star Act Deceptively Old

Solar System Simulation Reveals Planetary Mystery

'Hot Jupiters' provoke their own host suns to wobble

First evidence for water ice clouds found outside solar system

TRADE WARS
Analyst: US to Finish Human Space Launcher by 2018 at Best

Amazon founder strikes deal to build US rocket engines

Boeing, SpaceX to send astronauts to space station

Space Launch System Will Use Massive Welding Tool

TRADE WARS
Astronauts eye China's future space station

China eyes working with other nations as station plans develop

China completes construction of advanced space launch facility

China to launch second space lab in 2016: official

TRADE WARS
Dawn Operating Normally After Safe Mode Triggered

'J' marks the spot for Rosetta's lander

'J' marks the spot for historic comet landing

A Map of Rosetta's Comet




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.