BUSINESS >> Companies

Consumer group warns bike-sharing firm Kuqi to refund deposits, fees

The China Consumers Association (CCA) criticized the Beijing-based bike-sharing company Kuqi in an open letter released on Tuesday and urged it to refund customers' deposits and issue a public apology.
Source: Global Times | 2017/12/12 21:48:41

UCAR upgrades service, will focus on driverless technology, car leasing

Domestic car-hailing company UCAR Inc on Tuesday announced plans for a strategic upgrading that involves the creation of a comprehensive car service platform.
Source: Global Times | 2017/12/12 21:48:40

Amazon cloud unit expands in China with new partner in Ningxia

Amazon.com Inc said on Tuesday it is expanding its cloud computing business in China with a new local partner, aiming to win share in an increasingly crowded and highly regulated market.
Source: Reuters-Global Times | 2017/12/12 21:48:40

LeEco's Jia on court list

LeEco founder Jia Yueting is on the list of dishonest persons on the online system of the Chinese courts and he will be banned from traveling by plane and qualifying for loans and credit cards, domestic news site thepaper.cn reported on Tuesday.
Source: Global Times | 2017/12/12 21:43:40

Mafengwo raises $133m

Travel service Mafengwo announced it had completed a $133 million series D financing round on Tuesday, domestic news site qq.com reported.
Source: Global Times | 2017/12/12 21:43:40

Qihoo 360 defies accusation of public privacy infringement

Internet company Qihoo 360 Technology Co issued an announcement Tuesday, rebutting a widely circulated accusation over infringement of public privacy by smart cameras and live broadcast services the company operates.
Source: Global Times | 2017/12/12 21:38:39

British security agency finds flaw in Microsoft Windows system

The British National Cyber Security Centre (NCSC) has discovered a severe flaw that would affect Microsoft's Windows system, including the latest Windows 10, an online report said Monday.
Source: Xinhua | 2017/12/12 18:12:58

China makes waves in world shipbuilding

As China is poised to overtake South Korea to become the world's largest shipbuilder in 2017, experts said Chinese advances in recent years have ended South Korea's technological edge. But they also noted that there might be some wrangling before China eventually becomes the undisputed world champion in shipbuilding.
Source: Global Times | 2017/12/11 21:38:39

Figuratively Speaking

72.5b yuan Forecast scale of China's computing visual recognition sector in 2020, the China Economic Times reported on Monday, citing an industry study.
Source: Global Times | 2017/12/11 21:33:39

China Wu Yi wins road bid in Tanzania

China Wu Yi Co announced Monday that it has won a contract for a road project in Tanzania.
Source: Global Times | 2017/12/11 21:33:39

Payment platforms to join 12/12 sales

Four local mobile payment platforms in Hong Kong, India, the Philippines and Thailand have been included as payment options for online shopping during the “Double 12” shopping event, according to media reports on Monday.
Source: Global Times | 2017/12/11 21:28:40

World's first offshore fish farm produced in China supports Norwegian salmon

The world's first semi-submersible aquaculture support vessel, which was built by the Wuchang Shipbuilding Industry Group Co, has been put into operation in the Norwegian Sea area of Frohavet.
Source: Global Times | 2017/12/11 21:28:40

China Telecom may be Philippines' 3rd telecoms provider: officials

State-run China Telecom Corp could become the Philippines' third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition to improve services.
Source: Reuters-Global Times | 2017/12/11 21:28:39

France orders international recall of Lactalis formula over bacteria

France has banned the sale and ordered a recall of several baby formula milk and baby food products made by French dairy giant Lactalis after the discovery of salmonella bacteria, consumer protection agency Direction Generale de la Concurrence, de la Consommation et de la Repression des Fraudes (DGCCRF) said in a statement.
Source: Reuters-Global Times | 2017/12/11 21:28:39

Deposits 'lack regulation'

There is a lack of regulation for bike-sharing companies' handling of customers' deposits, thepaper.cn reported on Monday.
Source: Global Times | 2017/12/11 21:23:40

Guiyang exchange deal

The Global Big Data Exchange (GBDE) in Guiyang, capital of Southwest China's Guizhou Province, has signed an agreement with the Chicago Mercantile Exchange (CME) Group to cooperate on big data operations, according to domestic media reports.
Source: Global Times | 2017/12/11 21:23:39

French dairy giant Lactalis recalls products over salmonella fears

French dairy giant Lactalis announced Sunday a global recall of several baby formula milk and baby food products, for fear of salmonella contamination, following cases of children falling ill in France.
Source: Xinhua | 2017/12/11 15:41:43

First Air China flight from Beijing to Brisbane lands safely

The first Air China flight from Beijing to Brisbane has landed safely on Monday afternoon, with the new route set to be a huge boon for the Australian State of Queensland.
Source: Xinhua | 2017/12/11 13:55:29