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Chinese company, Lao authority sign MoA on measurement center

A Chinese company has signed an MoA with department under Lao science and technology ministry over jointly building Lao national measurement center.
Source: Xinhua | 2018/6/22 13:29:52

China's Baidu tests driverless cars on expressway

Chinese artificial intelligence giant Baidu Inc. Thursday tested its two self-driving cars on an unused expressway in north China's Tianjin City.
Source: Xinhua | 2018/6/22 10:46:48

Intel CEO resigns for having "consensual relationship" with employee

Intel CEO Brian Krzanich has resigned for violating the company's "non-fraternization policy" by having "a past consensual relationship with an Intel employee," Intel said in a statement Thursday.
Source: Xinhua | 2018/6/22 10:02:40

CRCC tests Saudi rail project

China Railway Construction Corp (CRCC) started on Wednesday the testing of the Mecca Light Rail in Saudi Arabia, in preparation for Hajj pilgrimage in August when millions of pilgrims will head to the holiest city in Islam.
Source: Xinhua | 2018/6/21 22:13:42

Volvo opens US plant as CEO expresses worries about possible tariffs

Auto manufacturing giant Volvo Cars opened its first North American plant in Charleston, South Carolina on Wednesday, as its CEO expressed concerns over recent US tariff threats.
Source: Xinhua | 2018/6/21 22:13:41

Xiaomi secures cornerstone investors for $6.1b Hong Kong offering

Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including US chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet.
Source: Reuters | 2018/6/21 22:13:40

Sky Limit's financing

Sky Limit Entertainment Group, a company that specializes in virtual reality (VR) technology, said on Thursday that it has raised new funds from a group led by Shenzhen Wei Yue Creative Investment Co and Mango Foundation.
Source: Xinhua-Global Times | 2018/6/21 22:03:41

VW parts plant opens

A joint venture (JV) auto parts plant project between Volkswagen and its Chinese partner was put into operation in North China's Tianjin Municipality on Tuesday.
Source: Xinhua-Global Times | 2018/6/21 22:03:40

Investment in AI unicorn signals China's determination to lead in tech: analysts

China is moving swiftly to lead in artificial intelligence (AI) and chip technology, as State-owned funds invest heavily in unicorn start-ups in the fields, experts noted on Thursday.
Source: Global Times | 2018/6/21 21:53:40

Audit exposes China's central SOEs flaws, weaknesses

A recent audit of central State-owned enterprises (SOEs) has exposed problems such as declining asset values, excessive vehicle purchases and substandard assessment procedures for investments and mergers.
Source: Global Times | 2018/6/21 21:43:40

Ceremony held for father-and-son trip to Russia for the World Cup

On June 14, the departure ceremony of the “Toast, Daddy” trip to watch the World Cup in Russia sponsored by Wuliang Renjia, the brand subordinate to Yibin Wuliangye Series Wine Brand Marketing Co, Ltd, was held in Beijing, welcoming 25 pairs of fathers, sons and daughters who will go on this trip.
Source: Global Times | 2018/6/21 19:03:40

Investment in connected aircraft technologies to rise substantially in next 12 months: report

Spending on connected technologies in the aviation sector will increase dramatically in the coming years, driven by rapidly growing demand for solutions that can enhance the passenger experience, save airlines money and improve operational efficiency, a report released by Honeywell said on Wednesday.
Source: Global Times | 2018/6/21 16:33:40

China to ease financing strain for small companies

China will work to ease the financing strain and high funding costs for small companies amid continued efforts to cut costs in the real economy, the State Council decided at an executive meeting chaired by Premier Li Keqiang Wednesday.
Source: Xinhua | 2018/6/21 9:22:19

China to ease financing strain for small companies

China will work to ease the financing strain and high funding costs of small companies amid continued efforts to cut costs in the real economy, the State Council decided at an executive meeting chaired by Premier Li Keqiang Wednesday.
Source: Xinhua | 2018/6/20 22:30:49

Fosun to buy Germany's FFT

Chinese conglomerate Fosun International said Wednesday that it has signed an agreement to acquire German automated and flexible production systems provider FFT GmbH & Co.
Source: Global Times - Xinhua | 2018/6/20 22:28:42

Tapping into Israeli tourism

Myway Georgian Airline Co, founded by a Chinese company, announced Tuesday that it will soon begin flights between the Georgian capital of Tbilisi and the Israeli coastal city of Tel Aviv.
Source: Global Times - Xinhua | 2018/6/20 22:28:42

Xiaomi raising up to $6.1b

Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong IPO this week, people with knowledge of the matter said, in what will be one of the biggest technology floats globally of recent years.
Source: Reuters-Xinhua | 2018/6/20 22:13:43

ZTE's Hong Kong shares rise after clarification of US defense bill impact

Shares of China's ZTE Corp rose 20 percent in Hong Kong on Wednesday as the impact of a US Senate bill that threatens to restore penalties on the company became clearer.
Source: Reuters-Global Times | 2018/6/20 22:13:41