BUSINESS >> Companies

Tesla guts delivery team to cut costs

When Tesla Inc announced in January a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more than halved the division that delivers its electric vehicles to North America, two of the laid-off workers said.
Source: Reuters-Global Times | 2019/2/14 22:23:40

Chinese top AI firms favored by VC as nation's vast market buoys industry prospects

Chinese top artificial intelligence (AI) start-ups favored by venture capital investors in recent years are setting up their own development paths.
Source: Global Times | 2019/2/14 21:18:40

BOE overtakes LG as top LCD panel supplier

China's flexible panel manufacturer BOE Technology Group Co has surpassed South Korea-based LG to become the world's largest supplier of liquid crystal display (LCD) TVs and monitor panels, according to market research company Sigmaintell Consulting.
Source: Global Times | 2019/2/14 21:03:40

Pirates siphon off revenue from Apple

Software pirates have hijacked technology designed by Apple Inc, to distribute hacked versions of Spotify, Angry Birds, Pokemon Go, Minecraft and other popular apps on iPhones, Reuters reported.
Source: Reuters-Global Times | 2019/2/14 19:58:40

New services, deals

Etihad Airways said on Wednesday that it will introduce the Boeing 787-9 Dreamliner on its daily service from Abu Dhabi to Chengdu, Southwest China's Sichuan Province from July 1 this year, replacing the Airbus A330-200 currently operating the route.
Source: Global Times | 2019/2/14 17:09:19

Flights quota system hinders Chinese airlines' exploration to India

Chinese airlines are looking forward to opening more routes to India in the coming years, however, passenger demand is still not well balanced due to the limitations of traffic rights between the two countries.
Source: Global Times | 2019/2/14 17:08:12

European nations call for fact-based decisions regarding Huawei rather than yielding to US pressure

A widely-debated topic has been put on the table in European countries now: to use or not to use telecoms equipment provided by Huawei Technologies? Some have called for a fact-based move on the Chinese company rather than yielding to political pressure imposed on them by the US government.
Source: Global Times | 2019/2/14 16:38:39

Poland should ensure ties not damaged by US interference: Chinese embassy

The Chinese embassy in Poland on Wednesday urged the country to continue providing a fair, just and transparent investment environment for Chinese companies and to ensure that China-Poland ties are not disrupted or damaged by US provocations.
Source: Global Times | 2019/2/14 15:43:40

Nuts to that! Coconut beverage firm criticized for suggestive ads

A famous coconut beverage producer based in South China's Hainan Province has become a target of criticism since it released new packaging that is being characterized as distasteful and vulgar.
Source: Global Times | 2019/2/13 22:13:40

Apple removes 700 social media apps from China store

Apple has again pulled a large number of apps from its well-known app store in China. Analysts noted that the company is increasingly intolerant of violations of its own regulations and Chinese laws, as its charm among Chinese consumers wanes.
Source: Global Times | 2019/2/13 22:06:08

Ready to celebrate

Customers shop for costumes and stage items for the upcoming Lantern Festival, which falls on February 19, in Huozhuang village, Central China's Henan Province on Wednesday. The village is well-known for the production of these items. More than 200 kinds of such products including dragon dance props and festive lanterns are made there and sold across the country. Photo: VCG
Source: VCG | 2019/2/13 21:50:36

South China's Hainan launches measures to further expand imports

South China's Hainan Province recently issued four measures intended to stimulate imports and boost foreign trade in the region, according to a report by Hainan Daily on Wednesday.
Source: Global Times | 2019/2/13 21:48:40

China-Germany NEV cooperation urged as European battery consortium raises concerns

Will there be a head-on collision between Germany, a country known around the world for its rich heritage in the vehicle industry, and China, which has stood out in recent years in new-energy car technologies – or can there can be a win-win solution in this area?
Source: Global Times | 2019/2/13 21:43:41

Chinese travelers wary of NZ as strains increase

New Zealand's strained political relationship with China – following the ban of Huawei from building part of its 5G networks – is costing the country more than it can afford. That's especially true in its tourism industry which China has become the nation's second-largest source of visitors and contributed millions of dollars to its annual tourism income.
Source: Global Times | 2019/2/13 20:58:40

Pet cloning and direct-to-consumer DNA testing poised to take off in China

China's rising middle class, who tend to be tech-savvy and life-style-caring, are positively embracing services focused on genes, the basic biological unit of heredity, drawing the mysterious code of life closer to the general public.
Source: Global Times | 2019/2/13 17:04:14

China's coconut beverage producer criticized for sexualized advertisements

A famous coconut beverage producer based in South China's Hainan Province has recently become a target of criticism after its release of a sexualized new product design, which is widely accused as being distasteful and even “vulgar.”
Source: Global Times | 2019/2/13 16:01:51

China to support equity incentives for foreign employees

China has rolled out new rules to support equity incentives for foreign employees at domestic listed firms in its latest efforts to further open up the capital market.
Source: Xinhua | 2019/2/13 9:13:24

India TATA's woes show foreign car makers should build up brands to tide over sales 'winter' in China: analysts

Once considered a place where it's easy to make a windfall profit, the Chinese market, where car sales lost momentum last year, has become more challenging for some overseas vehicle brands.
Source: Global Times | 2019/2/12 22:13:43