BUSINESS >> Companies

JD.com beats forecasts with 22% revenue rise in Q4

JD.com Inc, China's second-largest e-commerce company, on Thursday reported a 22.4 percent rise in fourth-quarter revenue to 134.83 billion yuan ($20.17 billion), beating analysts' estimates on the back of stronger online retail sales and sending its US-listed shares up 8 percent.
Source: Reuters | 2019/2/28 22:28:40

Under China's tough fight against pollution, gain follows pain for factories

A tough campaign by the Chinese government to tackle pollution caused some initial pain for low-end factories in the country's southern manufacturing hub, but companies are now hailing the effort as the driving force for an industrial upgrade that is brining long-term opportunities.
Source: Global Times | 2019/2/28 22:13:41

Musical.ly fined $5.7 million for violation of US user information law

Musical.ly, the short-form video-sharing platform now owned by the Chinese company TikTok, has agreed to pay a $5.7 million fine to settle allegations by the US Federal Trade Commission (FTC) that the company has been illegally connecting user information from children under 13, according to a statement released by the FTC on Wednesday.
Source: Global Times | 2019/2/28 21:49:50

Car manufacturers will be big 5G customer down the road, says SEAT

Carmakers will be big customers for next-generation telecoms networks, helping to justify investment in 5G, but they will need to be more innovative if the technology is to take off, said Spain's SEAT.
Source: Reuters-Global Times | 2019/2/28 20:48:41

Volkswagen warns of challenges

Volkswagen warned of a tough year ahead as its preliminary annual results were weighed down by currency effects and supply bottlenecks caused by new emissions testing rules.
Source: Reuters-Global Times | 2019/2/28 20:48:40

At the MWC, I feel struggles of Taiwan telecom operators

Nowadays, 5G, the most promising technology for a connected world, has become a sensational topic on the island of Taiwan. In recent talks with a senior executive from the largest local telecoms carrier, Chunghwa Telecom (CHT), at the Mobile World Conference (MWC) in Barcelona, I got to know the company's struggles to catch up in technology amid a political dilemma.
Source: Global Times | 2019/2/28 19:48:40

New services, deals

Hainan Airlines opened a direct route from Haikou, South China's Hainan Province to Osaka on Thursday with a Boeing 737. It is the first international route the carrier has launched this year in the province.
Source: Global Times | 2019/2/28 19:03:41

Apple self-driving car layoffs hint at closely guarded products

Apple Inc said on Wednesday it planned to lay off 190 employees in its self-driving car program, Project Titan, changes that provide a rare window into the automotive technologies the company has been pursuing.
Source: Reuters | 2019/2/28 18:33:41

Vacuum robots clean up in Chinese market

China has become the world's largest market for vacuuming robots, and its scale and quality is improving rapidly, according to US-based iRobot, a top firm for home robots.
Source: Global Times | 2019/2/28 18:33:40

Former executive of China Development bank drummed out of Party for severe discipline violations

A former executive of China's largest policy bank has been expelled from the Communist Party of China (CPC) after he was investigated and found guilty of severe discipline violations, the country's top graft buster announced on Thursday.
Source: Global Times | 2019/2/28 15:34:47

Majority of Chinese mainland CEOs optimistic about global economy: report

A majority of chief executive officers on the Chinese mainland are optimistic about the global economic prospects in the coming year, according to survey results released by accounting and consultancy firm PwC.
Source: Xinhua | 2019/2/28 13:27:38

China backs bond-financing support tools for private enterprises

China is supporting the bond financing of private enterprises with good market prospects and competitive technologies, in a bid to help them ease financing difficulties.
Source: Xinhua | 2019/2/28 2:30:06

Unisoc launches 5G chipset at MWC

Top 5G vendors around the globe are racing to lock up a leading position in the coming 5G era with their new devices at the Mobile World Congress (MWC) 2019 in Barcelona, Spain.
Source: Global Times | 2019/2/27 21:43:40

Chinese, foreign consumers show strong support to Huawei

Chinese and foreign consumers are showing strong support to Huawei as the top telecom equipment maker woos the globe with the world's fastest foldable 5G smartphone at the Mobile World Congress (MWC) 2019 in Barcelona, Spain.
Source: Global Times | 2019/2/27 21:03:40

AT&T exec calls Huawei 'very capable company', says case against it 'political'

China's Huawei is a qualified telecom equipment provider, and the current debate over its security risks is surely a political issue, a senior executive at US carrier AT&T told the Global Times on Wednesday.
Source: Global Times | 2019/2/27 20:48:40

China's replica parks lose their magic as popularity of mini landmarks fades

When it comes to amusement parks, China's Generation Z prefers big international attractions like Universal Studios and the fairytale magic of Disney resorts. But once upon a time, domestic tourists were enchanted by theme parks that could whisk them around the world in an afternoon with their miniature replicas of foreign landmarks.
Source: Global Times | 2019/2/27 18:25:00

From shoes to chocolate, Italian SMEs bet on exports to China

From footwear to high-end chocolate, Italian small-and-medium enterprises (SMEs) are betting on China amid signs of falling exports and slowing growth.
Source: Xinhua | 2019/2/27 18:15:01

LEGO set for China expansion over solid growth outlook

Danish toy giant LEGO is looking for a bigger presence in China to reach out to and educate more kids by building on the robust growth of the emerging market.
Source: Xinhua | 2019/2/27 16:49:42