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BEIJING - A total of 427 from more than 12,000 eligible families in Beijing were chosen Saturday in a lottery system allowing them to purchase the city's first joint ownership homes.

Austin Mayor Steve Adler welcomed Chinese guests at City Hall. "SXSW is the World's Fair of the future. I am happy to see Chinese companies have grown in number from 15 last year to over 60 this year. My very first trip as mayor internationally was to Southeast Asia and China. We have so much to learn about each other. SXSW, where good ideas become reality, is the right place for us to be connected," Adler said.

Authorities to probe illegal behavior pertaining to price manipulation

BEIJING - A court in Beijing rejected an appeal by convicts in a cross-border telecom fraud case Wednesday.

Audi altered prices of its imported models on Friday. The German automaker said customers would spend up to 165,000 yuan less for certain models sold in the Chinese market.