BUSINESS >> Companies

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

Disney executive defaces Chinese banknotes at birthday party: report

A post saying that an executive of The Walt Disney Co (China) defaced the yuan by having his portrait printed on banknotes handed out at his birthday party went viral on Weibo, China's twitter-like social media platform, on Wednesday.
Source: Global Times | 2018/6/20 20:13:40

Johnson & Johnson Institute launched in China

The Johnson & Johnson Institute, a world leader in professional medical education, announced the opening of its new facility in Beijing on June 14. It represents the largest investment in the global relaunch of the Johnson & Johnson institutes and serves as the flagship facility in the Asia-Pacific region.
Source: Global Times | 2018/6/20 18:33:40

The Middle House offers modern Chinese flavors at the newly-opened Sui Tang Li

Housed in the residence building of the newly opened The Middle House Shanghai, contemporary Chinese restaurant Sui Tang Li is the latest shining star on the Shanghai food map as an inspiring new spot showcasing an authentic Chinese culinary experience with a contemporary twist.
Source: Global Times | 2018/6/20 18:28:40

PepsiCo expands safe water access to nearly 16 million people

The PepsiCo Foundation announced to invest $4.2 million to WaterAid to increase safe water access in at-risk communities in India recently. So far, PepsiCo's safe water access solutions have reached nearly 16 million people globally.
Source: Global Times | 2018/6/20 18:03:40

ZTE plummets after US Senate bill puts Trump reprieve at risk

Shares of ZTE Corp plunged on Tuesday after the US Senate's passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms company can resume business with its US suppliers.
Source: Reuters-Global Times | 2018/6/19 22:18:42

Aircraft carrier execs probed for alleged graft

Two senior officials at China's State-owned aircraft carrier-manufacturing firm have come under investigation by the country's top anti-graft agency within the past three years, with Chinese observers hailing that such moves effectively help clear up hidden dangers during a period of key naval upgrades and safeguard national interests.
Source: Global Times | 2018/6/19 22:03:39

Tesla denies halting orders from mainland

Tesla has not stopped accepting orders from customers in the Chinese mainland for its Model S and Model X cars, but the risk of tariffs may complicate delivery, a customer service staff of Tesla told the Global Times on Tuesday.
Source: Global Times | 2018/6/19 21:38:40

Jay Chou launches sport platform for basketball fans

The famous Chinese singer Jay Chou announced the establishment of JYB in Beijing on June 12 in collaboration with the sports company Zhonghui Sport and sport competition organizer Brossports.
Source: Global Times | 2018/6/19 20:13:39

WeWork kickstarts multi-faceted “Created in China” campaign

WeWork - a platform for creators that provides the space, community and services to help people make a life, not just a living - held WeWork's Uniquely China Fashion Extravaganza as part of its “Created in China” campaign in Shanghai recently.
Source: Global Times | 2018/6/19 19:23:39

Entrepreneurs predict China could catch up with US in investment, innovation

China might catch up with the United States, which has a lead so far in venture capital investment, entrepreneurs attending a forum said here Monday.
Source: Xinhua | 2018/6/19 18:22:44

Tech giants tap into AI healthcare market

Before 2017, gastroenterologist Cheng Chunsheng had to inspect over 1,000 gastroscopy pictures to search for possible esophageal cancer symptoms, a cancer which appears in the food pipe.
Source: Xinhua | 2018/6/19 16:20:38

Tech giant Apple slapped with large fine for misleading Australian customers

Apple has been hit with a 6.6 million US dollar fine following an investigation into claims it misled Australian customers who had purchased faulty products.
Source: Xinhua | 2018/6/19 13:23:53

PepsiCo: In China, For China, With China

PepsiCo, Inc announced on June 14 a $2 million grant to China Women's Development Foundation (CWDF) to support its new initiative “Water Cellar for Mothers-Green Village” program.
Source: Global Times | 2018/6/19 10:43:39

Amazon CEO becomes world's richest man

Amazon founder and CEO Jeff Bezos has become the richest man in the world with a net wealth of 141.9 billion U.S. dollars, the Forbes World's Billionaires list showed Monday.
Source: Xinhua | 2018/6/19 10:31:40

Shenzhen, B&R trade rises

Trade volume between Shenzhen, South China's Guangdong Province, and countries and regions along the Belt and Road (B&R) initiative rose to $88.5 billion in 2017, up 19.3 percent from the previous year, local government said Sunday.
Source: Xinhua | 2018/6/18 22:48:40

Training South Sudan engineers

China Railway Construction Engineering Group has offered free training to some 20 young South Sudanese engineers.
Source: Xinhua | 2018/6/18 22:43:40

Huawei rebuts Aussie security concerns

Chinese telecoms equipment maker Huawei Technologies refuted Australian claims it poses a security risk, calling the criticism “ill-informed” in an open letter on Monday.
Source: Reuters-Global Times | 2018/6/18 22:43:39