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SAN FRANCISCO, Nov. 22 (Xinhua) -- Microsoft announced on Tuesday that it has acquired video search engine VideoSurf.In a press release, Microsoft said it will integrate VideoSurf' s technology across its entertainment platform to augment the Xbox 360 ecosystem and evolve search and discovery of entertainment content on Xbox LIVE.Details of the deal were not disclosed. Technology news site TechCrunch cited Israeli business newspaper Calcalist as saying that the company was bought for about 70 million U.S. dollars.The San Mateo, California-based company, founded by four Israelis in 2006, offers a technology that "sees" frames inside videos to make discovering content fast, easy and accurate.Since its founding, VideoSurf has raised 28 million dollars from several sources, including Facebook chief operating officer Sheryl Sandberg and her husband, as well as former U.S. vice president Al Gore.Last month, Microsoft announced that it will bring cable television content to its Xbox video game console over the holiday season, expanding the console into an entertainment hub.The software giant said Tuesday that the latest acquisition will make it easier for world-class video partners to take full advantage of advanced search features.
ULAN BATOR, Dec. 1 (Xinhua) -- Mongolia will continue to curb the spread of HIV and strive to maintain a low prevalence of the AIDS epidemic, a government official said Thursday.Gansukh Battulga, an official with the National Committee on AIDS, told Xinhua that Mongolia is currently an HIV low-prevalence country with a total of 99 people, 15 of whom have died, infected with the virus that causes AIDS."Among the 99 HIV infected cases, 81 percent are men, and the remaining 19 percent are women," Battulga said. "Among the male infected cases, 83 percent belong to MSM (men who have sex with men) group while sex workers account for 54 percent of the female infected cases."The official said the government has launched a variety of programs and tasked the National Committee on AIDS to coordinate all organizations in fighting the epidemic.According to a National Strategy Plan for 2010-2015, Mongolia will strive to maintain its current low HIV-prevalence rate of below 5 percent in the most-at-risk population.
DOHA, Jan. 19 (Xinhua) -- Visiting Chinese Premier Wen Jiabao met here Wednesday with Qatari Emir Sheikh Hamad bin Khalifa al-Thani over bilateral ties.During the meeting, Wen said China-Qatar relations have seen rapid development although diplomatic ties between the two countries are young.Both countries have adhered to the principles of respecting each other and treating each other as equals, the premier noted.The Chinese and Qatari economies are highly complementary, and China is ready to work with Qatar to push bilateral political relations and pragmatic cooperation to higher levels from a strategic perspective, said Wen.Chinese Premier Wen Jiabao (L) meets with Sheikh Hamad bin Khalifa al Thani (R), the emir of Qatar, in Doha, capital of Qatar, Jan. 18, 2012.He said he has deeply felt the Arab people's friendship toward the Chinese people during his ongoing Gulf tour, which had taken him to Saudi Arabia and the United Arab Emirates before he arrived in Doha earlier Wednesday.The development of the China-Arab relations has a solid political foundation and enjoys extensive public support, Wen said, adding that both sides hope to intensify pragmatic cooperation so as to promote their socioeconomic development and bring tangible benefits to their peoples.The Chinese premier said he is confident in the future of the China-Arab relations.Noting that profound and complicated changes are taking place across West Asia and North Africa, Wen said China believes that countries in the region can solve their own problems by themselves.China supports the efforts made by Qatar and other Gulf nations in maintaining regional stability, he said, adding that the international community should play a constructive role in this regard and that China is ready to enhance communication and coordination with Qatar.The emir, for his part, said Wen's visit has yielded fruitful results and greatly improved bilateral relations.He said Qatar is committed to pushing forward friendly cooperation with China in various areas, carrying out Qatar-China cooperation projects and stepping up coordination and collaboration with China on regional and world affairs so as to lift the bilateral relations to higher levels.
BEIJING, Jan. 7 (Xinhua) -- China's financial system is running on a stable course despite the global financial crisis. However, apparent problems and potential risks still linger, as the crisis has not ended, Premier Wen Jiabao said.Wen made the remarks at the two-day National Financial Work Conference that concluded Saturday. The meeting, held every five years, mapped out development plans for the financial sector in the upcoming five years. Similar meetings were held in 1997, 2002 and 2007."China's economy has maintained stable and relatively fast growth with stabilized consumer prices and improvements in people's lives. The financial system is running steadily. The good momentum of economic and social development remains unchanged," Wen said.Chinese Premier Wen Jiabao ( front) attends the National Financial Work Conference in Beijing, Jan. 7, 2012."We have the confidence, capabilities and conditions to move economic development to a new stage," he said.China has resolutely pushed forward a series of financial reforms which have set significant historical milestones. Large commercial banks have remarkably improved their capabilities of guarding against risks, Wen said."We should especially note that the global financial crisis has not ended. We should strengthen our awareness of risks and responsibilities in order to push financial work to new levels," he said.In the future, China will stick to the principal of having the financial industry serve the real economy to prevent virtual bubbles from inflating the economy, he noted.Wen voiced his support for the development of financial innovation, but stressed that this should not escape supervision. "Risk-aversion should be the lifeline of our financial work," he said.He pledged to allow market forces a greater say in deciding fund allocation and to more clearly define the government's role.Financial oversight will be tightened and improved, and banks should establish a more complete and prudent supervision system, he said.According to a statement released after the meeting, China's assets in the financial industry totaled 119 trillion yuan (18.8 trillion U.S. dollars) at the end of November 2011, a 149-percent increase from that at the end of 2006.As of the end of September 2011, the banking capital adequacy ratio stood at 12.3 percent, 5 percentage points higher than that at the end of 2006, while the non-performing loan ratio was 0.9 percent, 6.2 percentage points lower than that at the end of 2006.
BERLIN, Oct. 30 (Xinhua) -- The Sino-German strategic partnership has been further intensified and expanded in the year 2011, Chinese Ambassador to Germany Wu Hongbo told Xinhua in a recent interview prior to China's top political advisor Jia Qinglin's visit to Germany.The frequent, high-level mutual visits between China and Germany have pushed forward progress of political, economic, cultural and other cooperations steadily, and strengthened the communication and coordination on key international and regional issues, he said.This year has featured frequent mutual visits between the leaders of China and Germany, as Vice Premier Li Keqiang visited Germany at the start of the year, followed by the first round of bilateral minister-level strategic dialogue between German vice-chancellor and foreign minister Guido Westerwelle and Chinese Foreign Minister Yang Jiechi during Westerwelle's visit to China three months later.In June, Chinese Premier Wen Jiabao and his German counterpart Angela Merkel co-chaired the first round of China-Germany inter-governmental consultation. Attended by more than 20 ministers from both sides for 8counterpart conversation on a wide range of topics, the consultation wound up with substantial accomplishments.It was the first time China had ever established such a high-level inter-governmental negotiation mechanism with a European Union (EU) country. In addition, both countries have also carried out active and effective cooperations on global economic governance reform, handling of climate changes, nuclear safety and many other international issues."The two countries have signed some 20 documents on bilateral cooperations and important economic agreements, involving over 15 billion U.S. dollars," Wu said.A wide range of common ground were established, including the establishment of strategic partnership in producing electric-powered automobile, expanding cooperations in tapping new energy, environmental protection, energy saving and energy efficiency-improvement, according to him.Furthermore, China has earmarked some two-billion-euro worth of special loans to sustain the cooperations among the medium- and small-sized firms of the two countries.The two sides have also set up a standardization cooperation committee to work together to probe into and draw up the international standard, and intensify the cooperation in the field of accreditation, in addition to mapping out 5-year agricultural cooperative plan, expanding the innovative cooperative platform in life sciences, founding the professional education cooperation league and model partnership among higher learning institutes, as well as exchanges in hospital management."So far, all these cooperations are making steady headway and are gradually fulfilled," the ambassador said.Referring to the Sino-German economic and trade cooperations, Wu said that the trade volume between the two countries in 2010 reach 142.4 billion dollars, accounting for almost 30 percent of that between China and the whole EU, which is of special significance particularly against the backdrop of a looming recession overshadowing world economic prospect and the escalating eurozone debt crisis.The bilateral trade volumes has totaled up to 127 billion dollars during the first nine months of the year, according to the ambassador, expressing his belief that it is convincing that the Sino-German trades are sure to scale new height, not to mention the reciprocal investment that has gained strong momentum.Wu stressed that China and Germany, both are important economies and large exporters in the world, and claim as the mutual biggest trade partners in respective regions, on account of that, both countries share extensive common and interests and solid foundation to further cooperation, adding that both sides should walk hand in hand to promote the all-around and sustainable development of the economy, not only for both countries but also for the whole world, and turn against whatsoever forms of trade and investment protectionism.He also pointed out that China and Germany have conducted very active interchanges in terms of human and culture, sciences and technologies as well as education, exemplifying that Chinese-German Year of Science and Education program was held successfully last year, as up to 45 universities in Germany held "China Week" simultaneously, which is unprecedented."The project entitled 'Germany and China -- Moving Ahead Together' concluded with success at the Shanghai World Expo and thus tremendously enhanced mutual understanding and friendships between the two peoples," Wu said.China will continue to invite some 200 German middle school students to take part in the summer camp in China this year, while the Year of Chinese Culture will be held in Germany next year to mark the 40th anniversary of the establishment of bilateral diplomatic relations, as all the preparatory works are fully underway, the ambassador said.Wu said that the two sides attached great importance to the visit of Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC)."During the visit, Jia will meet a number of prominent political and business figures in Germany, including German President Christian Wulff, and convey the supports by the Chinese government and people to EU countries' action in dealing with the eurozone debts crisis," Wu said.The visit will inject new vitality to Sino-German relations by increasing common agreements and friendships, while intensifying mutually-beneficial cooperations in various fields, said Wu.