Google closes Motorola acquisition

In line with earlier reports, Google on Tuesday finalized its acquisition of Motorola Mobility. The $12.5 billion merger was approved by regulators in China on Monday after having been given the green light by the United States Department of Justice this past February. Chinese regulators did stipulate terms for its approval, however, namely that Google must continue to make Android open-source and freely available. Former Motorola Mobility CEO Sanjay Jha has stepped down and Google’s Dennis Woodside will replace him as chief executive. “I’m excited to announce today that our Motorola Mobility deal has closed,” Google CEO Larry Page wrote in a letter published on Google’s blog. “Motorola is a great American tech company that has driven the mobile revolution, with

Nissan's luxury Infiniti brand opens Hong Kong HQ

Nissan's upscale Infiniti brand unveiled its new global headquarters in Hong Kong on Tuesday, as the Japanese automaker uses the southern Chinese financial center to grab a bigger piece of the world's top car market.

Cartoon studio faces state clout, global stars

Chinese cartoonist Carol Liu Hong built her studio from scratch, doing post-production work for TV commercials and then, once she broke even, realizing her dream of creating cartoons for Chinese kids.