China can produce 400 million mobile phones a year

China is capable of manufacturing 400 million mobile phones a year, accounting for 40 percent of the global total and  has become the largest base for producing mobile phones and other related products in the world, Vice Minister of Information Industry Lou Qinjian told a forum held in north China's port city of Tianjin.

Alibaba.com, whose biggest shareholder is Yahoo Inc., aims to hold an initial public offering (IPO), but has no timetable yet for listing its shares, chairman and founder Jack Ma said.

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