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Green vehicle battery challenge

As the market for new energy vehicles (NEVs) continues to boom, China is now the largest NEV battery producer in the world. But that opportunity has come with a challenge: how should the country responsibly recycle the growing number of redundant batteries?
Source: Xinhua-Global Times | 2017/12/10 17:38:39

China approves five IPO applications

The Chinese securities regulator has approved five IPO applications this week, which will raise up to 2.4 billion yuan (about 362 million US dollars) in the A-share market.
Source: Xinhua | 2017/12/10 16:10:17

US electric car leader considers building its own AI chip for auto-piloting

Tesla, the US electric car leader, is mulling the development of its own custom artificial intelligence (AI) chips to power its self-driving technology, an online report said Saturday.
Source: Xinhua | 2017/12/10 11:10:20

China's BYD to build car factory in Morocco

Morocco and Chinese BYD electric vehicle maker signed on Saturday an agreement to open a factory in Morocco to build battery-powered cars.
Source: Xinhua | 2017/12/10 8:22:39

Xunlei shares tumble as concerns over its cryptocurrency swirl

Shares in Chinese technology company Xunlei Ltd sank 12 percent on Tuesday, taking falls in the stock past 40 percent in just two weeks as investors debated whether the company is set to benefit or suffer from a boom in cryptocurrency stock plays.
Source: Reuters | 2017/12/8 15:03:40

YouTube reveals top viral videos in 2017

American video-sharing website YouTube on Wednesday revealed its most popular videos for 2017 based on time spent watching, sharing, commenting, liking and other metrics.
Source: Xinhua | 2017/12/8 11:30:57

China's Huawei helps promote innovation, digital transformation in Egypt, North Africa

China's giant Huawei corporation is helping promote innovation, digital transformation and Information and Communication Technology (ICT)-based solutions that address most pressing problems in developing states including Egypt and North African countries.
Source: Xinhua | 2017/12/8 8:46:18

CMEC hydropower project in Cameroon

China Machinery Engineering Corp (CMEC) announced on Wednesday that it signed a contract on November 1 with the Ministry of Water Resources and Energy of the Republic of Cameroon for a hydropower plant project in Ngoila, Cameroon.
Source: Global Times | 2017/12/7 22:28:40

Honda, SenseTime to pursue joint R&D

Honda R&D Co, a subsidiary of Japanese Honda Motor Co, announced Thursday that it signed a five-year contract with SenseTime Group, a China-based company that specializes in artificial intelligence (AI).
Source: Global Times | 2017/12/7 22:28:39

Alibaba centers in villages

Internet giant Alibaba said Thursday that it has nominated 2,100 new Taobao Villages, where new e-commerce centers would be established for the first time this year.
Source: Global Times - Xinhua | 2017/12/7 22:23:40

Deal for Huobi, Japan's SBI

Beijing-based Huobi Group reached a strategic partnership agreement with SBI Group, a financial services company based in Tokyo, Japan for joint development of digital-asset financial services in Asia, according to a press release Huobi sent to the Global Times on Thursday.
Source: Global Times - Xinhua | 2017/12/7 22:18:40

Shapuaisi ordered to test eye drops: CFDA

The China Food and Drug Administration (CFDA) told its office in Zhejiang Province to ensure that Shanghai-listed Zhejiang Shapuaisi Pharmaceutical Co conducts clinical tests on eye drops, according to a notice on the CFDA's official website on Wednesday.
Source: Global Times | 2017/12/7 22:18:40

HSBC 'has head start' on foreign investment bank rivals in China, says CEO

HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank's unique position of having management control of its securities venture in the country, Chief Executive Stuart Gulliver said on Thursday.
Source: Reuters | 2017/12/7 22:18:40

Alibaba, Ford explore new retail opportunities via Tmall platform

E-commerce giant Alibaba Group Holding has signed a deal with Ford Motor Co to explore cooperation in areas such as cloud computing, connectivity and retail, which could involve the sale of Ford cars on Alibaba's online retail platform Tmall.
Source: Reuters-Global Times | 2017/12/7 21:13:51

UK brand's unit broke laws on nature reserve

UK-based Jaguar Land Rover was thrown into the limelight in recent days after the premium car maker's Chinese subsidiary organized a marketing activity that illegally crossed Lop Nor, a national nature reserve in Northwest China's Xinjiang Uyghur Autonomous Region.
Source: Global Times | 2017/12/7 21:13:51

Alibaba nominates 2,100 new Taobao Villages in China

Chinese internet giant Alibaba said Thursday that it has nominated 2,100 new "Taobao Villages" with e-commerce centers appearing in many of China's rural areas for the first time this year.
Source: Xinhua | 2017/12/7 16:55:57

Former Volkswagen executive sentenced to 7 years for emissions cheating

A former Volkswagen executive was sentenced on Wednesday to seven years in prison and fined 400,000 US dollars for his role in emissions fraud.
Source: Xinhua | 2017/12/7 9:07:19

CSCEC to renovate airport in Slovenia

China State Construction Engineering Corp (CSCEC) signed an agreement with Slovenian companies on a project to renovate and expand an airport in the Slovenian city of Maribor, China's State-owned Assets Supervision and Administration Commission (SASAC) said on Tuesday.
Source: Global Times | 2017/12/6 21:28:39