BUSINESS >> Companies

Amazon invests 10 million USD to support U.S. recycling infrastructure

U.S. top e-commerce leader Amazon on Tuesday announced a new investment of 10 million U.S. dollars in Closed Loop Fund (CLF) to support recycling infrastructure in the United States aimed at cutting the amount of waste treated at landfills.
Source: Xinhua | 2018/10/17 13:25:33

FF 'not behind on pay'

Evergrande, the new owner of Faraday Future (FF), the US-based electric vehicle start-up founded by Chinese businessman Jia Yueting, said Tuesday that more than 60 FF staff in China who claimed they hadn't been paid this month had not signed contracts with Evergrande Faraday and the company had not stopped salary payments, domestic news site reported Tuesday.
Source: Global Times | 2018/10/16 22:43:42

NIO delivers SUVs

Chinese electric carmaker NIO Inc said on Monday it delivered 3,268 electric sport utility vehicles (SUVs) in the third quarter, exceeding its target of 2,900-3,000 vehicles.
Source: Reuters-Global Times | 2018/10/16 22:33:42

Apple urges two-factor authentication for ID users amid payment theft

US-based Apple Inc strongly suggested its device users in China activate two-factor authorization function for Apple ID as some iPhone users have complained that money was stolen through online payment services caused by an Apple ID breach.
Source: Global Times | 2018/10/16 22:33:41

Ford unveils new model

US carmaker Ford Motor unveiled a new China sport utility vehicle (SUV) on Tuesday, and said its plan to release more new models will help turn around tumbling sales in the world's top auto market from the start of next year.
Source: Reuters-Global Times | 2018/10/16 22:33:40

China's news aggregator Toutiao launches shopping app to compete with Alibaba,

News platform Jinri Toutiao has launched an e-commerce app Zhidian to sell consumer goods, a move that experts said shows the company's desire to leverage its massive traffic and technology advantages into the lucrative internet retail industry.
Source: Global Times | 2018/10/16 22:13:41

'Coopetition' the theme of Beijing's 7th McDonnell Academy International Symposium

The 7th McDonnell Academy International Symposium kicked off in Beijing on Thursday, gathering world scholars from 35 research universities. Co-hosted by Washington University in St. Louis and Tsinghua University, the three-day symposium included a number of speeches.
Source: Global Times | 2018/10/16 19:28:40

Risk of higher US tariffs on Japanese cars recedes

Higher US tariffs on Japanese cars are less likely now that the two nations have agreed to start new round of trade talks, economists said, but most think US trade friction with China and other economies will have a significant impact on Japan.
Source: Reuters | 2018/10/16 18:58:18

Chinese automaker Geely turns out first assembled car in Tunisia

In an industrial park in Sousse province in eastern Tunisia, a car with the logo of Chinese automaker Geely drove slowly off the production line on Friday, becoming the first assembled passenger car in Tunisia.
Source: Xinhua | 2018/10/16 18:58:17

Chinese smartphones lead Indian holiday sales despite reported restrictions

Chinese smartphone brands are the biggest winners in India's October holiday sale, beating foreign rivals and lifting the world's second-largest smartphone market to record sales, despite reported calls among some Indian officials to put restrictions on Chinese telecom firms' operations in the country due to security concerns.
Source: Global Times | 2018/10/15 23:03:40

Robotic parking in Israel

The first robotic parking facility in Israel, built by a Chinese company, was inaugurated on Sunday at the train station in the city of Kfar-Saba.
Source: Global Times - Xinhua | 2018/10/15 22:38:39

Ant Financial invests another $210m in Zomato

Alibaba's financial affiliate Ant Financial has invested another $210 million in Indian food-delivery platform Zomato, media reports said.
Source: Global Times | 2018/10/15 22:33:41

Chinese AI firm iFlytek shuts down R&D center after scandal

Chinese speech recognition technology provider iFlytek Co said on Monday it has shut down operations at one of its research and development centers in East China's Anhui Province after a media report claimed that the location of the center violates nature reserve regulations.
Source: Global Times | 2018/10/15 22:33:39

Lotte Mart poised to withdraw from Chinese market driven by mediocre business management: analysts

South Korea-based supermarket chain Lotte Mart will reportedly leave the Chinese market by the end of the year despite improving bilateral relations, a move, if confirmed, had more to do with the company's flawed business models than with political friction, experts said.
Source: Global Times | 2018/10/15 22:28:39

China's first domestic regional jet ARJ21 moves further into commercialization

China's first domestically built regional jet, the ARJ21, got its second customer on Monday, marking further commercialization and industrialization of the nation's aircraft sector.
Source: Global Times | 2018/10/15 22:18:41

AB InBev's CEO shares key elements of business philosophy

For almost three decades, Carlos Brito and his colleagues have seen many great changes in the brewing industry. As CEO of the world's largest brewer, AB InBev, Brito has participated in several mergers and acquisitions. Among them, the acquisition of SABMiller closed on October 10, 2016 as a remarkable one. The company with a brand new name of Anheuser-Busch InBev SA/NV (AB InBev), based in Leuven, Belgium, enlarged after the merge.
Source: Global Times | 2018/10/15 19:43:39

China's central SOEs continue rapid revenue growth

China's central state firms continued to see strong revenue growth in the first three quarters of the year, official data showed Monday.
Source: Xinhua | 2018/10/15 12:07:09

China's nuke firms vow self-reliance

China's major State-owned nuclear industrial enterprises said they will confidently deal with the new US restrictions on nuclear exports to China, stressing that China's nuclear development is self-reliant, and that the restrictions won't have an impact on the UK nuclear power station project. They also said they may use legal ways to safeguard their legitimate interests.
Source: Global Times | 2018/10/14 21:23:39