BUSINESS >> Companies

China's 2nd largest e-commerce platform joins social credit system battle Inc founder Richard Liu Qiangdong will introduce a new social credit system in his hometown of Suqian, East China's Jiangsu Province.
Source: Global Times | 2019/3/21 21:33:40

PetroChina profits surge over higher oil prices, gas demand

PetroChina, China's largest oil and gas producer, said Thursday its net profits surged over 130 percent last year due to higher global oil prices and strong natural gas demand domestically.
Source: Xinhua | 2019/3/21 20:43:51

Tencent net profit exceeds 77 bln yuan last year

Chinese tech conglomerate Tencent announced Thursday that it registered a net profit of about 77.47 billion yuan (about 11.58 billion US dollars) in 2018.
Source: Xinhua | 2019/3/21 20:41:34

Italian cruise industry embracing prospects in China travel business

Italian cruise operators have been increasing their investment in the Chinese market even as many key players have withdrawn after the sector's business shrank for the first time in 2018. An analyst said that China and Italy are expected to deepen cooperation in the industry as Italy is set to join the China-proposed Belt and Road Initiative (BRI).
Source: Global Times | 2019/3/21 19:53:40

Chinese tour sector eyes NK market

Chinese companies involved in the tourism industry are waiting for the right time to start services to North Korea, industry insiders told the Global Times, as travel to the mysterious country gains popularity in China.
Source: Global Times | 2019/3/21 19:38:41

Lamborghini aims for localization of in-vehicle technology in China

China has becomes an important market for Lamborghini and the company is making more efforts to team up with local partners for in-vehicle technology, a senior executive of the Italy-based company said.
Source: Global Times | 2019/3/21 17:33:40

China's Alibaba group announces plans to usher in 'all-in-cloud' era

Alibaba Group has cooperated with the government in Beijing's sub-center of Tongzhou to launch a cloud-based “city brain” for local environmental protection, Alibaba's executive announced on Thursday at a cloud summit in Beijing marking the 10th anniversary of the establishment of Alibaba's cloud business.
Source: Global Times | 2019/3/21 16:55:27

PepsiCo announces 50m yuan investment plans for community programs in China

PepsiCo, one of the world's leading food and beverage companies, announced on Thursday, its intention to invest a total of 50 million yuan for community programs in China during PepsiCo's Chairman and CEO Ramon Laguarta's visit to Shanghai.
Source: Global Times | 2019/3/21 16:53:56

Google to launch browser-based games

Alphabet Inc's Google announced that it would launch a browser-based video game streaming service this year to capitalize on the company's cloud technology and global network of data centers.
Source: Reuters-Global Times | 2019/3/21 16:48:40

Official calls for cooperation between state, private companies

Chief of China's state assets regulator has called for closer cooperation between state-owned and private enterprises to facilitate high-quality development of the broader economy.
Source: Xinhua | 2019/3/21 2:30:16

42 centrally-administrated SOEs targeted in new round of disciplinary inspection

Forty-two state-owned enterprises (SOEs) administrated by central authorities and three central government agencies are the target of the latest round of routine disciplinary inspection to be carried out by the 19th Communist Party of China (CPC) Central Committee, an official statement said Wednesday.
Source: Xinhua | 2019/3/21 2:27:53

Google fined 1.49 bln euros for anti-trust breach by EU

US internet giant Google on Wednesday received a new fine ticket of 1.49 billion euros (1.69 billion US dollars) from the European Union (EU) for breaching anti-trust rules.
Source: Xinhua | 2019/3/21 2:26:38

Work on key section of Sichuan-Tibet railway to start in June

Work is expected to start on a key section of the Sichuan-Tibet Railway, located in Qamdo, Southwest China's Tibet Autonomous Region, in June, Abu, the secretary of the Qamdo Municipal Committee of the Communist Party of China, was quoted as saying in a report by on Tuesday.
Source: Global Times | 2019/3/20 21:01:35

China to establish mixed-ownership energy pipeline firm

The Chinese government will establish an oil and natural gas pipeline company in which state capital will hold a controlling interest, with investment by diversified entities, the Xinhua News Agency reported on Tuesday.
Source: Global Times | 2019/3/20 20:08:40

China's tech giants renew mid-level managerial ranks with young employees

China's internet giants are replacing mid-level managers with younger employees to maintain innovation and vitality, a move an analyst said on Wednesday would drive these companies to meet fierce competition and secure dominance in the industry.
Source: Global Times | 2019/3/20 19:58:40

Huawei's innovation 'could yield Nobel' laureates: industry expert

Huawei's innovation abilities are sustainable thanks to its long-term investment in research and development (R&D) and focus on developing talent from across the globe, which can potentially lead to a Nobel Prize, an industry representative told the Global Times on Wednesday.
Source: Global Times | 2019/3/20 19:27:35

Big data, cloud computing poised to take off in Tibet as region looks to connect with South Asia

As China steps up efforts to develop its digital transformation in a bid to empower the real economy, Southwest China's Tibet Autonomous Region is not lagging behind. Internet services such as online food ordering and delivery, as well as ride-hailing, have taken root on the high-altitude plateau in the last few years.
Source: Global Times | 2019/3/20 17:56:05

Philippines honoring Kaliwa Dam agreement with China: official

The Philippine government is honoring the agreement with China to build the Kaliwa Dam, a Philippine official said Wednesday after a Japan-based company reportedly submitted an alternate proposal to increase water supply to Metro Manila.
Source: Global Times | 2019/3/20 16:46:04