China’s Goojje ‘will not change’: Goojje, the Chinese knockoff of Google Inc, ‘will not change’ its design despite a threat from the US Internet company to sue it over copyright infringement, Huang Jiongxuan, the website’s founder, said yesterday. Goojje’s logo resembles the logo of Google Inc and also bears a paw print sign like that of Baidu Inc, the biggest Internet search engine in China and Google Inc’s archrival in the country. (Via Business – People’s Daily Online.)

Saudi Arabia, Angola, Iran remain top 3 oil suppliers to China: Saudi Arabia, Angola and Iran remained the three largest oil sources for China in 2009, with the three supplying 47.7 percent of China’s total imports, according data released Wednesday by the General Administration of Customs (GAC). GAC figures showed that China’s oil imports from the three nations last year stood at 41.86 million tonnes, 32.17 million tonnes and 23.15 million tonnes, respectively. (Via Business – People’s Daily Online.)

Shangri-La Announces New Multipurpose Complex In Chongqing: Shangri-La Hotels and Resorts has signed an agreement with Chongqing Guest House Company to manage a hotel in Chongqing that is scheduled to open in late 2011. The 469-room Shangri-La hotel will occupy the first 28 floors of a new 58-story landmark building, a multi-purpose complex incorporating office space and retail outlets. (Via ChinaRetailNews.com.)

McDonald’s to close hundreds of outlets in Japan: McDonald’s Corp. is closing 430 restaurants in Japan, the latest sign of the faltering economy in the Asian country. A 50% owned affiliate will shutter the locations over the next 12 to 18 months in conjunction with the strategic review of the company’s real estate portfolio. The world’s largest restaurant chain plans to take charges of $40 million to $50 million in the first half of the year. McDonald’s Holdings Co. (Japan) has 3,700 stores. McDonald’s also is opening 90 new restaurants and refurbishing 200 in Japan. (Daily Finance) (Via News On Japan.)

Singapore's state investor Temasek sets up new investment company: Singapore – Singapore’s state investment company Temasek Holdings Pte Ltd said Wednesday that it has set up a separate investment company, Seatown Holdings. “Temasek has recently set up Seatown Holdings as a wholly owned global investment company,” Temasek said in a statement without providing details of the new company’s precise mission. (Via Singapore News.)