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China: Local Companies Start Smartphone War Against Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG)


Sotheby's and CNOOC also make the news.

MINYANVILLE ORIGINAL Anti-Japan protests rocked parts of China this past week, as tensions over a territorial dispute between the two nations boiled over and threatened Japanese firms with business interests in the mainland. Japanese automakers such as Toyota (NYSE:TM), Honda (NYSE:HMC), and Nissan (PINK:NSANY) have already had production affected by the demonstrations.

"The repercussions for Japanese carmakers are very serious and will last for a long time," Cui Dongshu, deputy secretary general of the Passenger Car Association, told Bloomberg. "There are plenty of choices. Why bother with Japanese brands if there are concerns of safety due to anti-Japan sentiment?" (See: For Japanese Automakers, China Dispute Might Be Worse Than Tsunami.)

Here is the rest of this week's business news:
Chinese tech companies: Chinese tech outfits are waging a war against the likes of Google (NASDAQ:GOOG) and Apple (NASDAQ:AAPL). Inspired by the example of Amazon's Kindle, which adapted an Android system with great success, Alibaba has launched its own mobile operating system, Aliyun, which is also based on the Android and customized for Chinese users.

Meanwhile, Chinese phone maker ZTE, which is strong in the lower-end smartphone device market, publically critiqued the iPhone 5 for its lack of surprises.

"Right now, society is improving fast. If every year you only come out with one phone, I think at this speed it's not very suitable for the market," said ZTE executive vice president He Shiyou on Wednesday, according to ComputerWorld.
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