BUSINESS >> Companies

Chinese web browser developer apologizes for hyping its product identity

A Chinese software developer that boasted it had developed China's first domestic web browser posted a formal apology on Friday after netizens discovered the company had copied computer code from Google's Chrome browser.
Source: Global Times | 2018/8/17 22:18:40

Siemens secures major trains order from Austrian National Railway Company

Siemens has secured an order from the Austrian National Railway Company for new train carriages worth more than 1.5 billion euros (1.7 billion US dollars), the Munich-based industrial group announced on Friday.
Source: Xinhua | 2018/8/17 21:09:26

Volkswagen to raise annual production at Wolfsburg plant to 1 mln vehicles

Volkswagen will expand vehicle production at its traditional Wolfsburg plant significantly in the coming years, the German carmaker announced on Friday.
Source: Xinhua | 2018/8/17 20:07:12

Samsung's Galaxy Note 9

South Korea's Samsung Electronics said Thursday that it will release the Galaxy Note 9 smartphone in China later this month.
Source: Reuters-Xinhua | 2018/8/16 22:23:42

Alipay in Pakistan

Chinese company Alipay will start offering its online payment services in Pakistan by the end of this year, local media reported on Wednesday.
Source: Reuters-Xinhua | 2018/8/16 22:23:42

Lenovo beats forecast

Chinese PC maker Lenovo Group swung to a profit and beat estimates in the first quarter, it said on Thursday, helped by a sharp jump in revenue.
Source: Reuters-Xinhua | 2018/8/16 22:23:42

GCL to make EVs

China's leading solar equipment manufacturer GCL is planning a move into the electric vehicle (EV) sector, executives said.
Source: Reuters-Xinhua | 2018/8/16 22:23:41

Consumption gets boost from Chinese Valentine's Day

Domestic consumption is approaching a mini-climax with the Chinese Valentine's Day on Friday, which shows that consumption power is still strong despite the shadows of the ongoing Sino-US trade dispute.
Source: Global Times | 2018/8/16 22:23:40

Tencent misses expectations in Q2 on losses in game sector, tighter regulations

Domestic internet and entertainment giant Tencent Holdings' second-quarter financial results missed expectations as it failed to stand its ground in an increasingly competitive game market and faces tightening regulations.
Source: Global Times | 2018/8/16 22:18:40

China office browser developer denies cloning Google

Domestic office browser developer Redcore claimed on Thursday that its kernel is not simply “a Google kernel covered with a proprietary coat,” but a system with innovations and modifications, although the company did admit that it was developed based on Google Chrome.
Source: Global Times | 2018/8/16 21:53:40

Tencent Q2 revenue misses expectations, dragged down by mobile games

China's internet giant Tencent Holdings' second-quarter financial results missed expectations, dragged down by its mobile game performance.
Source: Global Times | 2018/8/16 21:23:40

Evergrande project

Property developer China Evergrande Group on Thursday said it will invest 1.65 billion yuan ($239.53 million) in six high-tech projects ran by the Chinese Academy of Sciences, including one aimed at building the world's fastest supercomputer.
Source: Reuters-Global Times | 2018/8/16 19:58:41

Kempinski Hotel Beijing Lufthansa Center appoints Brice Péan as managing director

Kempinski Hotel Beijing Lufthansa Center is pleased to announce the appointment of Brice Péan as their new managing director. As a hotelier with a wealth of experience championing hotel preopenings and managing landmark properties, Péan now leads the culmination of Kempinski Hotel Beijing Lufthansa Center's expansive renovation and launch of 480 rooms, a new executive lounge and a European all-day dining restaurant. Furthermore, as managing director, he will drive business performance and operational excellence in the Lufthansa Center complex which includes an office building, serviced apartments and the Kempinski Hotel.
Source: Global Times | 2018/8/16 11:08:39

Chinese firm to offer online payment in Pakistan by year-end

Chinese company Alipay will start offering its online payment services in Pakistan by the end of this year, local media reported on Wednesday.
Source: Xinhua | 2018/8/16 8:41:59

Alibaba buys stake in Turkish e-commerce company

China's e-commerce giant Alibaba group has acquired a stake of its Turkish counterpart Trendyol, according to sources with Alibaba.
Source: Xinhua | 2018/8/16 8:40:57

Google takes new measures to increase transparency on political ads

Google took a new move Wednesday to increase transparency on political ads on its platform by releasing an online library of US political ads and a report on details of ad-expenditure ahead of the mid-term US elections in November this year.
Source: Xinhua | 2018/8/16 6:31:52

Tencent Q2 revenue misses expectations, dragged down by mobile games

China's internet giant Tencent Holdings' second-quarter financial results missed expectations, dragged down by its mobile game performance.
Source: Global Times | 2018/8/15 22:58:40

Courier sector grows in July

China's courier sector posted faster growth in July as online consumption continued to expand, official data showed.
Source: Agencies-Global Times | 2018/8/15 22:08:40