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Google's AI center in Beijing to become magnet for talent, capital

US Internet giant Google Inc announced on Wednesday it is setting up an artificial intelligence (AI) research center in Beijing, a move that experts said reflects that China's AI sector is open to the world.
Source: Global Times | 2017/12/13 18:18:39

2017 successful year for Huawei Spain: CEO

Huawei Spain saw year-long growth in its three branches: infrastructures and networks, enterprise and private consumers, its CEO Tony Jin Yong said on Tuesday.
Source: Xinhua | 2017/12/13 8:38:07

Internet giants on prowl for acquisitions

The nation's top Internet companies – Baidu Inc, Alibaba Group Holding and Tencent Holdings, collectively known as BAT – are taking their competition to another level by seeking investments to supplement their core businesses. But experts warned that while acquisitions might enhance the individual competence of the Internet conglomerates, they might nip many domestic start-ups in the bud.
Source: Global Times | 2017/12/12 21:58:40

Figuratively Speaking

18.7% Year-on-year growth of shipments of wearable devices in China in the third quarter, according to market consultancy IDC.
Source: Global Times | 2017/12/12 21:58:39

US company sues HNA over failed deal

Ness Technologies SARL, a US software engineering company, has sued Chinese conglomerate HNA Group, accusing it of failing to adequately answer questions about its ownership in a US review of takeovers by foreign companies thereby causing their $325 million deal to fail.
Source: Reuters | 2017/12/12 21:53:40

Zhongan, Sinolink to tap into global market

Chinese online insurance company Zhongan Online P&C Insurance Co said it will establish a joint venture with a Hong Kong-based investment firm to tap into overseas markets, media reports said on Monday.
Source: Global Times | 2017/12/12 21:53:40

Consumer group warns bike-sharing firm Kuqi to refund deposits, fees

The China Consumers Association (CCA) criticized the Beijing-based bike-sharing company Kuqi in an open letter released on Tuesday and urged it to refund customers' deposits and issue a public apology.
Source: Global Times | 2017/12/12 21:48:41

UCAR upgrades service, will focus on driverless technology, car leasing

Domestic car-hailing company UCAR Inc on Tuesday announced plans for a strategic upgrading that involves the creation of a comprehensive car service platform.
Source: Global Times | 2017/12/12 21:48:40

Amazon cloud unit expands in China with new partner in Ningxia Inc said on Tuesday it is expanding its cloud computing business in China with a new local partner, aiming to win share in an increasingly crowded and highly regulated market.
Source: Reuters-Global Times | 2017/12/12 21:48:40

LeEco's Jia on court list

LeEco founder Jia Yueting is on the list of dishonest persons on the online system of the Chinese courts and he will be banned from traveling by plane and qualifying for loans and credit cards, domestic news site reported on Tuesday.
Source: Global Times | 2017/12/12 21:43:40

Mafengwo raises $133m

Travel service Mafengwo announced it had completed a $133 million series D financing round on Tuesday, domestic news site reported.
Source: Global Times | 2017/12/12 21:43:40

Qihoo 360 defies accusation of public privacy infringement

Internet company Qihoo 360 Technology Co issued an announcement Tuesday, rebutting a widely circulated accusation over infringement of public privacy by smart cameras and live broadcast services the company operates.
Source: Global Times | 2017/12/12 21:38:39

British security agency finds flaw in Microsoft Windows system

The British National Cyber Security Centre (NCSC) has discovered a severe flaw that would affect Microsoft's Windows system, including the latest Windows 10, an online report said Monday.
Source: Xinhua | 2017/12/12 18:12:58

China makes waves in world shipbuilding

As China is poised to overtake South Korea to become the world's largest shipbuilder in 2017, experts said Chinese advances in recent years have ended South Korea's technological edge. But they also noted that there might be some wrangling before China eventually becomes the undisputed world champion in shipbuilding.
Source: Global Times | 2017/12/11 21:38:39

Figuratively Speaking

72.5b yuan Forecast scale of China's computing visual recognition sector in 2020, the China Economic Times reported on Monday, citing an industry study.
Source: Global Times | 2017/12/11 21:33:39

China Wu Yi wins road bid in Tanzania

China Wu Yi Co announced Monday that it has won a contract for a road project in Tanzania.
Source: Global Times | 2017/12/11 21:33:39

Payment platforms to join 12/12 sales

Four local mobile payment platforms in Hong Kong, India, the Philippines and Thailand have been included as payment options for online shopping during the “Double 12” shopping event, according to media reports on Monday.
Source: Global Times | 2017/12/11 21:28:40

World's first offshore fish farm produced in China supports Norwegian salmon

The world's first semi-submersible aquaculture support vessel, which was built by the Wuchang Shipbuilding Industry Group Co, has been put into operation in the Norwegian Sea area of Frohavet.
Source: Global Times | 2017/12/11 21:28:40