CHINA INFORMATION TECHNOLOGY LAW NEWSLETTER
Vol. 4, No. 5 - March 31, 2003
VISIT LLX AT INTA International Trademark Association 125th Annual Meeting 2003
May 3 - 7 in Amsterdam
RAI International Exhibition & Congress Centre LEHMAN, LEE & XU welcomes you to participate in the following: 3rd ANNUAL CHINA BRAND OWNERS BRUNCH - May 4, 11:00am to 2:00pm at the Nam Tin Chinese restaurant, Amsterdam. Start the 125th INTA Annual Meeting by experiencing Chinese hospitality at its finest. Hosted by LEHMAN, LEE & XU, we hope that this year's Sunday brunch will once again provide for a relaxing forum to learn more about China brand owners and discuss IP issues. If you would like to attend, please send email to inta@lehmanlaw.com or fax to +8610 8532-1999. LEHMAN, LEE & XU BOOTH - Exhibit Area, Booths V17 & V19. Visit with representatives of LEHMAN, LEE & XU and other Chinese brand owners. On display will be general literature on China trademark law, Q&As on China trademark registration, IP enforcement strategies and more. NAM TIN Chinese Restaurant Jodenbreestraat 11
1011 NG Amsterdam
Map and Directions to Nam Tin | |
TOPICS THIS ISSUE:
- Deutsche Bank Granted Internet Banking License In China
- On-Line Auctions Popular In China
- SK Telecom/China Unicom In Final Contract On Wireless Internet JV
- Hacker Was Sentenced For On-Line Blackmail
- Internet Use Explodes
- Web Technology For Mongolian Digital Library Passes Appraisal
Deutsche Bank Granted Internet Banking License In China
Deutsche Bank announced that the Bank had been granted an Internet Banking license in China, following a review by the People's Bank of China. The license allows Deutsche Bank to offer customers an internet banking platform to place deposits as well as to facilitate both RMB and foreign currency transactions including money transfers and trade related transactions.
This is an important strategic step toward the development of the Deutsche Bank franchise in China and will provide benefits to the customers across a wide range of businesses. The license is of immediate significance to Deutsche Bank's Cash Management, Trade Services and Global Markets businesses given Deutsche Bank's market leadership in offering highly sophisticated Internet-based solutions to customers.
Using the latest in web technology, Deutsche Bank's db-direct Internet is the leading electronic banking system in the market today. It provides a platform for both corporate and financial institutions to access the Banks' Cash Management, Foreign Exchange and Trade Finance services from anywhere in the world. Flexibility is inherent with country-specific features like language support for transaction entry and approval, which translates into ease of use for customers' operations in the country. Everything within the platform is protected by a 128-bit SSL (Secure Socket Layer) and built in authentication and encryption. In addition, the use of customer defined approval functions ensures that db-direct Internet is also one of the safest electronic banking systems in the market today.
(Source: The Asian Banker)
LEHMAN, LEE & XU OPENS SHENZHEN OFFICE Lehman, Lee & Xu is pleased to announce the opening of its new office in Shenzhen, Guangdong Province. Please direct all inquiries to attorney Zdravko Jelic at | |
On-Line Auctions Popular In China
A growing number of Chinese are putting saleable items under the virtual hammer in on-line auctions.
The latest report by China's biggest Internet auction portal, eachnet.com.cn, claimed the monthly trade volume of second-hand jewelry and watches on the website is 1.5 million yuan (181,000 US dollars).
According to the report, More than 10,000 items are listed on eachnet.com.cn for auction. An average of 1,000 clicks are recorded for each item.
The trade volume of the website is expected to exceed 300 million yuan (36 million US dollars) a year.
"On-line auctions have become one of the most important channels for trade in personal valuables," said a research and development report done by the China Internet Association.
eachnet.com.cn has just handled China's most expensive on-line transaction over a Vacheron Constantin watch. The original owner in Shanghai sold the watch to a Beijing resident for 75,000 yuan ( 9,000 US dollars).
eachnet.com.cn's manager, whose surname is Zuo, said the on-line auction saves time and has no space limit and commission is charged at only 0.25 to two percent.
Sixty percent of the users of eachnet.com.cn had the experience of traditional auctions and 70 percent claimed the on-line service was easier.
(Source: Xinhua News Agency )
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SK Telecom/China Unicom In Final Contract On Wireless Internet JV
According to SK Telecom Co Ltd, SK Telecom Co Ltd and China Unicom Ltd signed a final contract to form a joint venture to provide wireless internet and other internet-related services in China.
The venture will have an initial capital of US$ 6 million, with China Unicom holding a 51 percent stake and SK Telecom the remaining 49 percent.
The aim of "SKT's investment is to make inroads into wireless internet services businesses in China. SKT's said the new venture, whose name has yet to be determined, is expected to launch its businesses in the third quarter after it receives business licenses from the Chinese government.
The two companies signed a memorandum of understanding on the venture in July, 2002.
(Source: AFX News Limited )
Hacker Was Sentenced For On-Line Blackmail
Cao Zhe, 29, a computer hacker from northeast China's Jilin Province, has been sentenced to two years in prison for blackmailing a Beijing Internet user with fabricated pornographic pictures.
In August 2002, unemployed Cao, who was connected to the Internet at home, intruded into the personal e-mail box of a Chaoyang resident identified as a Mr. Gao, and obtained photographs Gao had taken with his friends.
Having mistaken these pictures for those of Gao himself, Cao transformed them into pornographic images and then demanded 30,000 yuan (3,600 US dollars) from Gao and threatened to release them on to the Internet if Gao failed to pay.
Cao was arrested by the police on Sept. 9 last year. Cao was convicted by Beijing's Chaoyang District People's Court of trespassing in another person's e-mail box, stealing private photos and transforming them into pornographic pictures, and using these pictures to blackmail. The court also ruled that Cao's personal computer, which was used as a " tool for criminal purposes", be confiscated.
This is the first case involving a computer hacker committing on-line blackmail ever tried in the Beijing, the capital of China.
(Source: Xinhua News Agency)
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Internet Use Explodes
According to government figures, the number of Internet users in China is now the second-biggest, only after the United States, in the world, having surpassed 59 million, which forecasts that 26.3 million more people will log on this year.
China has enthusiastically embraced the cyber world for business and educational purposes, but tries to block sites with undesirable content such as pornography and subversive messages. As online learning is a swifter and cheaper way to spread education than building schools and trying to persuade good-quality teachers to go and live in isolated regions, an accelerated project is underway for people in remote areas, especially the young, computer literate.
So far, the US has the biggest number of Internet users, at 140 million. Japan is in third place, with 58 million.
(Source: Morning Star )
Web Technology For Mongolian Digital Library Passes Appraisal
The web support technology for the Mongolian Digital Library has passed the technical appraisal of the Department of Science and Technology of the Inner Mongolia Autonomous Region.
The technology has solved for the first time a series of technological problems involving saving, sending, displaying, editing and inputting Mongolian international standard codes in Internet applications, a source with the department said.
The technology, co-developed by the Library of Inner Mongolia and the Mingantu Internet Technology Development Co. Ltd of Inner Mongolia, has filled in a blank in the web application of the Mongolian international standard codes.
The Library of Inner Mongolia tops the country in the collection of Mongolian documents both in the varieties and amount collected, the source added.
The development of the technology is expected to boost the information development of the Mongolian language and create favorable conditions for the study of Mongolian as well as the distance education for the ethnic minorities, the source said.
(Source: Xinhua News Agency )
The China Information Technology Law Newsletter is intended to be used for news purposes only. It should not be taken as comprehensive legal advice, and Lehman, Lee & Xu will not be held responsible for any such reliance on its contents.
Lehman Lee & Xu
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