BUSINESS >> Companies

Investors pull plug on EV funding

Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle (EV) manufacturing start-ups. The end result? They decided not to invest in any.
Source: Reuters-Global Times | 2019/6/20 18:33:40

British Airways steals Airbus' show of best-seller A320neo

Airbus, reeling from the potential loss of a major customer for its best-selling A320neo, after British Airways owner IAG placed a lifeline order for Boeing's grounded 737 MAX, prepared to hit back on Wednesday with more orders for its new A321XLR.
Source: Reuters | 2019/6/20 17:53:40

SMEs from Shandong Province seek opportunities in Silicon Valley

Representatives of small and medium-sized enterprises (SMEs) from Shandong Province, East China are seeking business opportunities in Silicon Valley.
Source: Global Times - Xinhua | 2019/6/20 15:43:40

Shanghai plant produces CPU with 3.0GHz base frequency, meeting international standard

The first Central Processing Unit (CPU) in China to reach the base frequency of 3.0GHz was released by the Shanghai Zhaoxin Semiconductor Co Wednesday, marking a major breakthrough in the country's semiconductor industry.
Source: Global Times | 2019/6/20 14:10:42

ZTE cooperates with Tencent, others to explore 5G applications

Chinese telecommunications company ZTE has signed a cooperation memorandum on 5G with Tencent to explore the development of 5G technology, according to a report by yicai.com on Wednesday.
Source: Global Times | 2019/6/19 20:13:40

Boeing wins massive 737 Max order, 3 months after global grounding

Boeing said Tuesday it has signed a letter of intent with International Airlines Group (IAG) to sell 200 737 Max airplanes, the first order since the now infamous jet model was grounded globally since March.
Source: Xinhua | 2019/6/19 8:51:41

Rubio's move against Huawei is 'manic,' violates principles

US Senator Marco Rubio is reportedly trying to stop Huawei from seeking patent royalties in US courts in a continued effort to destroy Huawei. This move will tarnish the US' reputation as a fair market and hurt the spirit of the law. And the old world, led by conservative American elites, will very likely collapse if the new legislation filed by Rubio is passed by the US Congress, analysts and lawyers warned.
Source: Global Times | 2019/6/18 22:03:40

Musk to attend Shanghai's World AI Conference 2019, tap into Chinese market

Tesla CEO Elon Musk will attend the World Artificial Intelligence Conference (WAIC) in Shanghai, where the US firm's $5 billion Gigafactory is under construction, a move which shows the US company's eagerness to tap into the huge Chinese market despite the ongoing trade war.
Source: Global Times | 2019/6/18 21:58:40

Chinese technology flying at Paris Air Show

An increasing number of Chinese aviation companies are attending the air show held in Pairs, displaying cutting-edge aerospace technology at the event and in a bid to establish strategic cooperation with global partners.
Source: Global Times | 2019/6/18 21:23:39

“Video & Audio Plus” alliance promotes new mode of music, film and TV collaboration

Tencent Music Entertainment Group (TME) kicked off the Shanghai International Film Festival summit meeting themed "Uprising of BGM (background music) & OST (original sound track) in Film & TV" in Shanghai on Monday.
Source: Global Times | 2019/6/18 19:28:07

Republican hawk files new legislation against Huawei, a manic move to damage US fundamentals

US Republican senator Marco Rubio is reportedly trying to stop Huawei from seeking patent royalties in US courts. It is anticipated that this move will tarnish the US' reputation as a fair market and hurt its rule of the law. And the old world, led by conservative American elites, is very likely to collapse if the new legislation filed by Rubio get approved by Congress, Chinese analysts and lawyers warned.
Source: Global Times | 2019/6/18 17:57:01

China Railway transformed into corporate structure

China Railway Corp was restructured to become the China State Railway Group Co on Tuesday as part of the government's efforts to introduce a corporate system into state-owned enterprises (SOEs), according to the company's statement on Tuesday.
Source: Global Times | 2019/6/18 14:56:46

Huawei won't be beaten to death: Ren Zhengfei

Huawei, the world's 5G technology leader, will not be "beaten to death" by the US government despite Washington's current efforts to blacklist and suffocate the Chinese high-technology company, said Ren Zhengfei, Huawei's founder and chief executive officer.
Source: Global Times | 2019/6/17 22:13:41

Controversy over UBS pig comment likely to ferment

Zurich-based UBS is likely to encounter more setbacks in the Chinese market as its measures involving its chief economist Paul Donovan are not "thorough," analysts told the Global Times on Monday.
Source: Global Times | 2019/6/17 22:08:40

Appointment of Google's new Greater China head reflects its interest in the Chinese market

US search engine giant Google has appointed Chen Junting (Stanley Chen) as its managing director of Greater China, in charge of sales and operations, a move that signals the US tech giant attaches rising importance to the Chinese market in spite of the ongoing US-led tech cold war, industry analysts said.
Source: Global Times | 2019/6/17 19:53:39

Foxconn refutes rumors about plan to leave the Chinese mainland

Foxconn Technology Group, a major contractor of the world's digital devices, denied rumors it was going to leave the Chinese mainland and move to other markets.
Source: Global Times | 2019/6/17 17:33:39

Huawei fully prepared for US government ban, will not be 'beaten to death'

Huawei, the world's 5G technology leader, will not be “beaten to death” by the US government despite Washington's current efforts to blacklist and suffocate the Chinese high-tech company, said Ren Zhengfei, Huawei's founder and chief executive officer.
Source: Global Times | 2019/6/17 17:03:56

Huayi Brothers' stock plunged after its war film was yanked from SIFF opening event

Huayi Brothers' media stock tumbled by as much as 7.07 percent to 5.39 yuan ($0.78) at midday on Monday after its war film was withdrawn from the opening ceremony of the 22nd Shanghai International Film Festival (SIFF) on Saturday.
Source: Global Times | 2019/6/17 16:52:21