BUSINESS >> Companies

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media stock tumbled by as much as 7.07 percent to 5.39 yuan ($0.78) at midday on Monday after its war film was withdrawn from the opening ceremony of the 22nd Shanghai International Film Festival (SIFF) on Saturday.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

Microbial skincare

L'Oréal, the world's largest beauty group, recently shared its latest findings of its 15 years of skin microbiome research.
Source: Global Times | 2019/6/17 16:42:56

Huawei to invest 100 bln USD on more efficient network

China's tech giant Huawei will invest 100 billion US dollars in the next five years to make network infrastructure more efficient and reliable, Huawei founder and CEO Ren Zhengfei said Monday.
Source: Xinhua | 2019/6/17 16:25:13

DJI launches RoboMaster S1 product, targeting the educational robot field

DJI, the global leader in civilian drones and aerial imaging technology was surprised to see their newly-launched educational robot has gained more popularity in the market than it expected.
Source: Global Times | 2019/6/17 15:39:54

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 great importance to the Chinese market in spite of the ongoing US-led tech cold war, industry analysts said.
Source: Global Times | 2019/6/17 12:10:20

Experts back commercialization of Vodafone's 5G network with Huawei as main supplier

British telecommunications giant Vodafone's 5G rollout in Spain in cooperation with Chinese telecom company Huawei gained support from experts and industry insiders, who said the technology will revolutionize the way we live.
Source: Xinhua | 2019/6/17 11:02:01

Tesla faces tougher competition in China's EV market

Evergrande Group signed a strategic cooperation agreement with the government of Shenyang, Northeast China's Liaoning Province, Saturday to build three bases worth 120 billion yuan ($17.33 billion) for new-energy vehicles (NEVs), according to a posting on the company's website. Analysts said that Tesla will face tougher competition in the Chinese NEV market.
Source: Global Times | 2019/6/16 21:13:40

Policy shift in BSB takeover breaks rigid redemption: experts

The breaking of the practice of rigid redemption in Baoshang Bank (BSB)'s takeover was intended to encourage full reliance on market mechanisms and promote the sound development of the nation's financial markets, experts said Sunday.
Source: Global Times | 2019/6/16 21:08:40

China Mobile opens bid for 5G rollout worth $2 billion

It has become clear that openness and cooperation will be an irreversible trend in the 5G era, and countries advocating for fair and healthy competition will eventually succeed in the 5G race, industry representatives said on Sunday.
Source: Global Times | 2019/6/16 12:53:33

Industrial Internet platform for SOEs unveiled

China launched the Industrial Internet Convergence Platform for Central State-owned Enterprises (SOEs) on Saturday, which will become a key infrastructure system to push for better inter-communication, resource sharing, and co-development of China's SOEs, according to the China Aerospace Science and Industry Corporation (CASIC,) the platform's leading developer.
Source: Global Times | 2019/6/15 18:51:01

African e-commerce firm Jumia welcomes Chinese sellers

Africa's leading e-commerce platform Jumia said opening a third-party platform to the Chinese market has become its strategic focus amid booming Africa-China trade.
Source: Xinhua | 2019/6/15 9:30:00

UBS removes controversial economist following outrage over racist report

UBS confirmed with the Global Times it has asked its analyst Paul Donovan to take a leave of absence as the Swiss investment bank reviews the matter that the analyst discussed China's inflation in distasteful and racist language which sparked uproar among Chinese internet users, economists and several industry associations.
Source: Global Times | 2019/6/14 22:48:18

China launches probe into FedEx for misrouting Huawei documents to US

Chinese authorities sent an inquiry letter to US courier service FedEx on Friday for its alleged misconduct in misrouting Huawei documents to the US, signaling the official launch of the probe on this matter, the Xinhua News Agency reported on Friday.
Source: Global Times | 2019/6/14 20:26:11

Retail sales drive China's economic growth in May despite trade war

China's economy has been progressing steadily in May despite the lingering trade war, led by an 8.6-percent year-on-year increase in retail sales.
Source: Global Times | 2019/6/14 18:48:40

Alibaba e-commerce expo debuts in New Zealand

Chinese e-commerce giant Alibaba Group's flagship eCommerce Expo kicked off on Friday for the first time in New Zealand, focused on helping local businesses tap into the e-commerce enabled Chinese economy.
Source: Xinhua | 2019/6/14 16:13:08

Huawei fighting back as it makes breakthrough amid US crackdown across the globe

Huawei will soon help launch commercial 5G service in 15 cities across Spain by teaming up with local carrier Vodafone Spain. While the Chinese technology giant is gaining more territory in the global 5G arena, it has been also actively fighting back against the global crackdown led by Washington from both the legal and product perspectives.
Source: Global Times | 2019/6/13 22:53:40