BYD, a private, Hong-Kong listed automaker based in Shenzhen, announced May 17 that it had put 40 all-electric taxis into service in the city of Shenzhen.
Li Binlan chairs A. Best, a department store and supermarket chain based in Shenzhen with more than 100 locations around China that competes with the likes of Wal-Mart.
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The complaints came after a 27-year-old American woman relayed her experiences, on her BirdAbroad blog, about visiting three of the four near-perfect fake outlets, which had been opened by a company based in Shenzhen.
BYD, a Hong Kong-listed automaker based across the border in Shenzhen, has aims of becoming bigger than Toyota someday, but in the short term at least, they may have to scale back their expectations.
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It is based in the mainland city of Shenzhen, near Hong Kong.
The switch may accelerate the plans of Morgan Stanley's Shanghai-based joint venture, Morgan Stanley Huaxin Securities, to add offices in Shenzhen and Beijing, one of the people added.
Tong Liqiang, executive vice president of Beijing's Internet information office, said the regulation could be replicated in other municipalities, such as in Shenzhen, where Sina's main rival Tencent is based.
Shenzhen-based networking firm Huawei has become an explosively growing force in communications hardware.
The Shenzhen-based developer also expects Beijing's tightening measures to continue in the current half of this year, Vanke President Yu Liang told a news conference.
The Shenzhen-based company had 3.1% of the global market in 2011, up from only 1.3% the previous year, as it continued to transition from low-cost phones to high-end smartphones and tablets under its own brand.
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Last month, the Shenzhen-based company announced plans to open a smartphone-software development center in Helsinki and double the size of its research operations in Europe.
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