BUSINESS >> Companies

IFlytek denied AI-powered interpretation fraud, not aiming to replace jobs

The advancement of artificial intelligence (AI) technology by iFlytek Co does not aim to replace any jobs and the company repeatedly emphasizes the pursuit of "human-machine coupling" for common progress, the Chinese information technology company said in a statement sent to the Global Times on Friday.
Source: Xinhua | 2018/9/21 19:36:20

Chinese companies fulfill CSR mandate in B&R countries: report

With helping to drive Kenya's economic growth, China Communications Construction Company (CCCC) has also effectively fulfilled its corporate social responsibility (CSR) mandate by training talents and protecting local employees' right, a new report shows.
Source: Global Times | 2018/9/21 18:50:59

Chinese firms race to upgrade amid trade war with US

Chinese manufacturing companies are under pressure to speed up their industrial upgrading as the ongoing trade dispute between China and the US is squeezing the profitability of low added-value products.
Source: Global Times | 2018/9/20 22:33:46

IKEA orders lamp recall in China after children get shocks

IKEA defended itself against allegations of double standards in safety, as anger sparked online following the company's announcement that it would recall the SMILA series of lamps in China after receiving reports that children had received electric shocks from wires protruding from the lamps.
Source: Global Times | 2018/9/20 21:13:40

Cash-strapped ZTE raises $321m in property deal with Shenzhen SOE

ZTE is planning to sell two sites it owns to a State-owned enterprise (SOE) in Shenzhen, South China's Guangdong Province, to alleviate a cash crunch caused by recent legal troubles and fines in the US.
Source: Global Times | 2018/9/20 20:43:40

Pearl Lounge and AliceYu Couture present Afternoon Tea of Star & Moon Tarot

By taking the inspiration of its Haute Douture, Alice Yu Couture and Ritz Carlton Guangzhou presented a full dress of brand-new Tarot series for the spring and summer of 2019.
Source: Global Times | 2018/9/20 19:13:40

Arrail Group founder talks about sustainable business

The 8th Sichuan Trust Cup Arrail Charity Golf Tournament took place in Beijing on September 12, during which people from different sectors came to contribute funds for children in need while enjoying the fun of sport.
Source: Global Times | 2018/9/20 19:08:40

New rules enable WMPs to be invested in stock market

The China Securities Depository and Clearing Corporation (CSDC) has released a revised version of guidelines for special agencies and product securities account businesses, enabling wealth management products (WMPs) to be directly invested in the stock market from Wednesday.
Source: Global Times | 2018/9/20 17:33:40

Top iron ore trading platform eyes record volumes

Volumes at China's biggest physical iron ore trading platform may hit record levels this year, with demand for the steelmaking raw material pushed up as steel output has been strong despite pollution-linked curbs, its president said.
Source: Reuters-Global Times | 2018/9/20 17:28:41

An autonomous future

Visitors get ready to take a ride on an autonomous minibus developed by tech company Baidu at the Global Future Mobility Conference in Hangzhou, capital of East China's Zhejiang Province on Thursday. The four-day event, which has attracted more than 100 enterprises, displays cutting-edge technologies and future trends in the transportation industry such as new-energy vehicles, smart cars and autonomous vehicles. Photo: VCG
Source: VCG | 2018/9/20 17:28:40

China stocks end lower as trade war cautions persist

Chinese stocks gave up ground on Thursday after two days of gains, as investor sentiment remained fragile following the latest volley of tariffs in the China-US trade friction. At the close, the Shanghai Composite Index was down 0.06 percent at 2,729.24 points.
Source: Reuters-Global Times | 2018/9/20 17:23:40

The first NOVA Prize awarded in October

The first interactive new media art award, NOVA Prize, will take place at the Big House Contemporary Art Center in Wuhan, Hubei Province on October 27, during which audiences interested in art and media from around the world will be gathering to witness this occasion.
Source: Global Times | 2018/9/20 16:48:40

Thai Airways' agony

Struggling national carrier Thai Airways International PCL is pinning hopes of a revival to its 1990s heydays on a new leadership team, jet purchases and improving its brand as tourism booms in the region.
Source: Reuters-Global Times | 2018/9/20 15:43:40

New services, deals

China Eastern A new flight linking Shigatse, Southwest China's Tibet Autonomous Region with Jinan, capital of East China's Shandong Province, was inaugurated this week by China Eastern Airlines.
Source: Global Times - Agencies | 2018/9/20 15:38:40

Hillhouse raises $10.6b

Hillhouse Capital, an investor in top Chinese technology companies including Tencent and Baidu, has closed its latest funding round at $10.6 billion, it said, making it the region's biggest private equity capital raising.
Source: Reuters-Global Times | 2018/9/19 23:01:10

Tencent music offering

Tencent Music Entertainment Group, China's biggest music-streaming company, has halved the amount it is seeking to raise in a US listing to about $2 billion, according to three people close to the deal.
Source: Reuters-Global Times | 2018/9/19 23:01:10

China's Huawei becomes one of first fully-owned tech firms in Qatar

Chinese tech giant Huawei said it has become one of the first fully owned technology companies in Qatar, state-run Qatar News Agency reported Wednesday.
Source: Xinhua | 2018/9/19 21:38:06

Alibaba sets up semiconductor company to develop proprietary AI chipset

Chinese e-commerce company Alibaba Group Holding unveiled on Wednesday its ambitious plans to develop a proprietary artificial intelligence (AI) chipset, and it said it will establish a semiconductor company to meet this goal.
Source: Global Times | 2018/9/19 19:02:46