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BEIJING, May 10 (Xinhuanet) -- Professional social networking site LinkedIn is aiming for a valuation of 3.3 billion U.S. dollars for its initial public offering, media reports said Tuesday.The Mountain View, California-based company is expected to begin trading on the New York Stock Exchange within the next month and will use the symbol "LNKD."It plans to offer 7.84 million shares priced at 32 dollars to 35 dollars each, according to the filing, which it submitted to the Securities and Exchange Commission.LinkedIn, which has more than 100 million members in over 200 countries and territories, is seeking to raise as much as 274.4 million dollars from the initial public offering (IPO) with 146.6 million dollars going to the company itself.In 2010, LinkedIn made 15 million dollars in profit on 243 million dollars in revenue, according to the filing.LinkedIn's biggest shareholder is its founder and chairman, Reid Hoffman, who owns more than 21 percent of the company.
KIGALI, Feb. 8 (Xinhua) -- Li Zhaozhuo, vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), will head a high-level delegation to Rwanda this month to boost friendly and cooperative ties between the two countries.According to a statement released by Rwanda's Senate on Tuesday, the three-day visit will begin on Feb. 18 and is to strengthen regular contacts between Rwandan and Chinese parliamentary chambers on a number of issues and review bilateral projects.Chinese Ambassador to Rwanda Shu Zhan has confirmed that the official delegation from China is "planning an outreach visit" to Rwanda.After a meeting with the Chinese envoy to Rwanda on Tuesday, the president of Rwanda's Senate, Vincent Biruta, said his country's legislative chambers would continue to promote friendly ties with the CPPCC and play a "constructive role" in promoting bilateral cooperation.Rwanda have received training assistance from China in the applications of information communication technology (ICT) in parliaments.The Central African nation has a long-standing bilateral relationship with China in a number of socio-economic areas such as infrastructure, energy, education, health, agriculture and communications.
CHIAYI, Feb. 26 (Xinhua) -- Chen Yunlin, the Chinese mainland chief negotiator with Taiwan, discussed cooperation prospects on Friday with fishermen and farmers in Chiayi in southern Taiwan.Chen, president of the mainland's Association for Relations Across the Taiwan Straits (ARATS), led a 50-member delegation and spoke at a seminar attended by more than 70 business people from both the mainland and Taiwan.He said small and medium-sized enterprises on both sides "played an important role in cross-Strait economic development, employment and in maintaining social stability.""Small- and medium-sized businesses are an important part of cross-Strait economic exchanges," he said, adding that among the more than 80,000 Taiwanese enterprises investing on the mainland, over 50 percent are small and medium-sized companies.Chen said that efforts should be made to enhance cooperation between small and medium-sized enterprises on the mainland and those in central and southern Taiwan.The mainland delegation arrived in Chiayi from Kaohsiung after investigating the investment environment with local business leaders. They arrived in Taipei on Wednesday at the invitation of Chiang Pin-kung, chairman of Taiwan's Straits Exchange Foundation (SEF). Both the SEF and the ARATS are authorized by the two sides to handle cross-Strait affairs.Chen said that since 2005, the mainland bought a large amount of farm and fishing products from Taiwan, which greatly boosted sales of Taiwanese products."Many renowned mainland distribution firms are present here at the seminar to seek cooperation opportunities with Taiwan's farmers and fishermen so that the sale of Taiwanese products on the mainland could increase steadily," he said.Chiang said the farming and fishing industries were the most important sectors in southern Taiwan.He added that the tax-reduction plan of the cross-Strait Economic Cooperation Framework Agreement's (ECFA) "early harvest" program, which took effect on January 1, covered 13 categories for farming products and five categories for fishing goods. Chiang said the plan was an opportunity for the industry to expand its exports to the mainland.He noted that the "early harvest" program's duty exemption also covered sectors like textiles, machinery components, and "all related to small- and medium-sized enterprises."Chiang said Friday's seminar was meant to promote cooperation between smaller businesses across the Strait, to deepen the effect of the ECFA to benefit both sides.The mainland delegation will continue its trip in southern Taiwan and return to Taipei late Saturday. They will visit Taipei's Neihu Industrial Park on Sunday before leaving the island on Monday.
WASHINGTON, April 19 (Xinhua) -- The U.S. National Aeronautics and Space Administration (NASA) on Tuesday set April 29 as the launch date for Endeavour's final voyage.The date was announced Tuesday at the conclusion of a flight readiness review at Kennedy Space Center. During the meeting, senior NASA and contractor managers assessed the risks associated with the mission and determined the shuttle and station's equipment, support systems and personnel are ready.Liftoff time is 3:47 p.m. EDT (1947 GMT). It will be the 134th shuttle mission overall, the 25th for Endeavour and the 36th shuttle mission to the International Space Station.Endeavour will deliver to the station a 2-billion-dollar, multinational particle detector known as the Alpha Magnetic Spectrometer.Space shuttle Endeavour sits on launch pad 39A with the crew aboard minutes before mission managers scrubbed the launch again at Cape Canaveral, Florida, July 13, 2009.The spectrometer, also designated AMS-02, is a particle physics experiment module that is to be mounted on the station. It is designed to search for various types of unusual matter by measuring cosmic rays. Its experiments will help researchers study the formation of the Universe and search for evidence of dark matter and antimatter.Endeavour's two-week mission was led by Commander Mark Kelly. Other crew include Pilot Greg Johnson, NASA Mission Specialists Michael Fincke, Andrew Feustel and Greg Chamitoff and European Space Agency Mission Specialist Roberto Vittori. Astronauts are planning to step out on four spacewalks to do maintenance work and install new components.NASA's 30-year-old shuttle program is ending this year due to high operating costs. The Obama administration wants to spur private companies to get into the space taxi business, freeing NASA to focus on deep space exploration and new technology development.Shuttle Atlantis is set for its final journey into space at the end of June. Its return to earth will mark the official end of the U.S. space shuttle program. After that, the Russian space program' s Soyuz capsule will be the only method for transporting astronauts to and from the station.