BUSINESS >> Companies

Huawei, Nanyang Polytechnic to jointly establish ICT Academy in Singapore

China's leading IT company Huawei announced on Friday it reached an agreement with Singapore's famous educational provider Nanyang Polytechnic (NYP) to establish an information and communications technology (ICT) academy as part of Huawei's global initiative to support ICT skills development.
Source: Xinhua | 2018/2/23 21:29:29

Huawei, ZTE product ban by US violates WTO rules, shows discrimination: commerce ministry

A new bill that would ban the US government from buying Huawei and ZTE phones discriminates against Chinese companies and violates the principles of fair trade, the Ministry of Commerce (MOFCOM) said on Friday.
Source: Global Times | 2018/2/23 20:03:40

Chinese regulator takes control of Anbang Insurance Group

China's insurance regulator on Friday announced a decision to immediately take over Anbang Insurance Group for a year in light of the company's former chief being prosecuted for economic crimes.
Source: Xinhua | 2018/2/23 17:55:58

Chinese insurance regulator takes over Anbang Insurance Group

China's insurance regulator on Friday announced a decision to take over Anbang Insurance Group for a year starting the same day, in light of the company's former chief being prosecuted for economic crimes.
Source: Xinhua | 2018/2/23 10:27:28

McDonald's Szechuan sauce to back after fans' riots

US fast food chain McDonald announced Thursday it will distribute 20 million packets of limited Szechuan sauce next week and apologized for last year's promotion that arose fans riots.
Source: Xinhua | 2018/2/23 9:37:41

Chinese companies making inroads in Spanish safety industry

Chinese brands are expanding in the Spanish safety and IT security market, according to analysts and industry players.
Source: Xinhua | 2018/2/23 9:16:57

BAIC to open plant in Mexico

Chinese automaker Beijing Automotive Industry Corp (BAIC) on Wednesday unveiled a plan to build its first factory in Mexico for the North and South American markets.
Source: Agencies-Global Times | 2018/2/22 21:48:39

Turkey considers panda bond issues

Turkey has mandated Bank of China, HSBC and ICBC to explore bond issue opportunities in China's panda market, the Turkish Treasury said on Wednesday.
Source: Agencies-Global Times | 2018/2/22 21:43:42

Brazil rejects terms of energy buyout

Brazil's securities regulator has rejected the proposed price of 12.2 reais ($3.47) per share for a buyout offer to minority shareholders to delist CPFL Energia Renovaveis, a securities filing showed.
Source: Agencies-Global Times | 2018/2/22 21:43:40

Record for WeChat red packets

Tencent's popular social media platform WeChat reported a record high number of hongbao, or red packet, users during the Spring Festival holidays as mobile payments prevailed.
Source: Agencies-Global Times | 2018/2/22 21:38:40

Tesla expands charging network

US electric carmaker Tesla said Thursday that it has expanded its charging network in China, its most important market.
Source: Agencies-Global Times | 2018/2/22 21:38:39

Wanda to regain ownership of Dalian soccer team

Dalian Wanda Group is poised to take ownership of Dalian Yifang Football Club in the Chinese Football Association Super League, marking the company's first investment in domestic soccer teams after 18 years, according to media reports on Thursday.
Source: Global Times | 2018/2/22 21:33:39

Fosun takes stake in French luxury brand

Chinese conglomerate Fosun announced on Thursday that it will buy an unspecified stake in French luxury brand Lanvin, another step in its global expansion.
Source: Global Times | 2018/2/22 21:23:40

The Ritz-Carlton, Haikou's new villas elevate luxury experience

With the Chinese New Year, The Ritz-Carlton, Haikou has opened 16 enchanting villas including 12 two-bedroom villas and four four-bedroom villas, adjacent to the legendary 350-acre Blackstone Golf Course.
Source: Global Times | 2018/2/22 17:13:39

Chinese automaker BAIC to open first plant in Mexico

Chinese automaker Beijing Automotive Industry Corporation (BAIC) on Wednesday unveiled a plan to build its first factory in Mexico for the North and South American markets.
Source: Xinhua | 2018/2/22 17:00:21

Tesla expanding charging network in China

US electric car maker Tesla said Thursday that it has expanded the charging network in China, its most important market.
Source: Xinhua | 2018/2/22 14:44:01

Figuratively Speaking

Projected growth of China's electricity consumption in 2018, according to the China Electricity Council, the National Business Daily newspaper reported on Wednesday.
Source: Global Times | 2018/2/21 21:28:40

Apple 'in talks with YMTC' on NAND chips as part of localization strategy: experts

Reported discussions between US technology giant Apple Inc and Chinese chipmaker Yangtze Memory Technologies Co (YMTC) reflect Apple's premium pricing strategy and its efforts to localize its services in line with the Chinese market, industry analysts said on Wednesday.
Source: Global Times | 2018/2/21 21:28:39