Subscribe free to our newsletters via your
. Military Space 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
Raytheon producing backup components for missile defense radar

Raytheon providing ongoing support for Patriot air defense system

Israel, US test upgraded Arrow 2 missile interceptor

INFORMS Study on Iron Dome Asks: What Was its Impact?

TRADE WARS
U.S. Navy eyes Norwegian missile

Raytheon announces full-rate production of Talon rocket

China shows off new missile test on primetime television

Diehl delivers 4,000th production IRIS-T missile to Sweden

TRADE WARS
IBC Advanced Alloys Delivers First UAS Components for Analysis

Iran unveils new missile-equipped drone

Watch: MQ-4C Triton UAV flies cross-country for new testing

Insitu Inc. receives ScanEagle engine

TRADE WARS
Space control Airmen ensure constant communication

Russian Aerospace Defense Forces Again Dismiss Satellite Explosion Rumors

Harris Corporation supplying radios to Air Force Special Operations Command

Harris Corporation supply Falcon III RF-340M radios to U.S. military

TRADE WARS
BAE, Patria team to win armored vehicle contract from Australia

Airbus Defense and Space helps secure Saudi border

Australian military gets green light for counter-IED program

New mine-protected vehicle launched at defense exhibition

TRADE WARS
Poland, Pakistan, Lebanon seek U.S. military hardware

Airbus to restructure defence division, sell off units

Netherlands ups defence spending in wake of downed MH17

Israeli arms sale to Ukraine blocked: report

TRADE WARS
NATO says Russian forces 'still inside Ukraine'

Chinese warships in first call at an Iran port: media

India says Modi raised China border incursions with Xi

State media urges China to say if Iceland envoy was spy

TRADE WARS
Smallest-possible diamonds form ultra-thin nanothread

World's smallest reference material is big plus for nanotechnology

Smallest possible diamonds form ultra-thin nanothreads

Engineers show light can play seesaw at the nanoscale




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.