BUSINESS >> Companies

Volvo, Geely to merge engine units

Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hybrid engines. It marks the latest example of consolidation in the engine manufacturing sector as tighter emissions rules hike development costs at a time when the expansion of electric cars calls into question the long-term demand for gas guzzlers.
Source: Reuters-Global Times | 2019/10/10 16:08:40

Beijing's new airport completes its largest airspace adjustment

The navigational intelligence for China's new Beijing Daxing International Airport came into effect at 2 am on Thursday. More than 200 air routes and over 4,000 flight routes have been adjusted nationwide, forming a brand-new airspace operating environment, which is also the largest-ever scale of airspace adjustment in China.
Source: Global Times | 2019/10/10 14:13:40

New ban by Washington to have limited impact on Chinese tech sector

Chinese technology companies that have just been blacklisted by the US said the ban will have a limited impact because they are prepared to guarantee supply while strengthening independent research and development.
Source: Global Times | 2019/10/9 21:33:41

Galaxy Fold may enter China in November

Samsung's foldable smartphone Galaxy Fold may be available in China by November 1, commencing the race of foldable devices in the country.
Source: Global Times | 2019/10/9 20:47:01

NBA to lose its major overseas market in China due to HK riots post

A total of 11 Chinese brands on the NBA China website's cooperation list have released official statements halting or suspending their cooperation with the National Basketball Association (NBA). Media reports said that the tweet from Houston Rockets general manager Daryl Morey supporting the Hong Kong riots was the “most expensive one ever,” noting that the NBA would lose its biggest overseas market in China.
Source: Global Times | 2019/10/9 14:33:41

US gaming firm Blizzard wins support from Chinese users after punishing esports player who supports HK riots

US gaming company Blizzard is winning more support than ever from Chinese players and netizens, after the firm announced its decision to punish an esports player who voiced support for the Hong Kong riots during a competition held by Blizzard.
Source: Global Times | 2019/10/9 12:36:22

'American Factory' builds bridge between China, US

When the documentary American Factory was released in August this year, it quickly captured the attention of audiences from across the Pacific Ocean, as it presented not only a captivating story but also a footnote to the dynamics shaping the most important bilateral relationship in the world.
Source: Global Times - Xinhua | 2019/10/8 19:33:40

Chinese finance group UCF denies controller faked own suicide

Chinese financial services company UCF Group on Tuesday denied the alleged pseudocide of its controller Zhang Zhenxin by releasing a death certificate for Zhang, plus more details about the treatment process.
Source: Global Times | 2019/10/8 18:02:26

Chinese firms oppose latest US decision to bar 28 entities

Chinese companies on Tuesday expressed strong opposition toward a new US decision to place Chinese entities on a blacklist, saying such a move “lacks factual basis” and will eventually bring a negative impact to the US economy.
Source: Global Times | 2019/10/8 14:00:17

Discovery of huge oil deposits to reduce dependence on imports

PetroChina Co, the listed arm of China's state-owned energy giant China National Petroleum Corporation(CNPC), has just discovered new reserves at an oilfield of more than 1 billion tons of oil, a significant boost to the nation's current oil reserves which will reduce dependence on imports, an expert said Monday.
Source: Global Times | 2019/10/7 21:35:38

Samsung to retain high-end divisions in China: expert

Samsung will retain high-end divisions in China as it still wants access to the country's huge potential market as the era of 5G approaches, even as it moves to close its manufacturing facilities, said an industry expert.
Source: Global Times | 2019/10/7 21:13:40

Driving exports

Over 3,000 cars made by the SAIC Motor wait to be shipped overseas, including to the UK, Australia and Philippines, at a dock in the port of Lianyungang in East China's Jiangsu Province on Monday.
Source: Global Times | 2019/10/7 21:13:39

Chinese companies shine at Anuga food trade fair

Red peppers, green tea, white mushrooms and yellow canned peaches, brought from more than 7,000 kilometers away, are a feast for the eyes as well as the taste buds.
Source: Global Times - Xinhua | 2019/10/7 19:23:40

Huawei's new handsets 'selling like hotcakes'

Mate30 series boom in sales both online and offlline
Source: Global Times - Xinhua | 2019/10/7 19:23:39

IKEA recalls 8,539 baby bibs in China over choking hazard fears

Global home furnishing giant IKEA has announced a plan to recall 8,539 baby bibs imported into the Chinese mainland over potential danger of choking.
Source: Xinhua | 2019/10/7 16:23:54

Long queues for Huawei's new handsets reflect company's strength, potential

For days, Chen Shuxin stood at the store's gate to greet shoppers and photographers. As the head of Huawei's first directly managed flagship store, he has been overwhelmed by surging crowds during the weeklong National Day holiday that started Tuesday.
Source: Xinhua | 2019/10/7 9:14:07

TCL pioneers in 5G applications

China's leading consumer electronics brand TCL plans to launch its first 5G smartphone in China by the middle of next year, its chief marketing officer revealed at the CCS Insight prediction event on Thursday in London.
Source: Global Times | 2019/10/5 15:58:45

China's Huawei launches 2nd edition of ICT competition in Zambia

China's telecommunication giant Huawei on Friday launched the second edition of the Information Communication and Technology (ICT) Competition in Lusaka, the Zambian capital.
Source: Xinhua | 2019/10/5 12:23:06