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Chinese netizens urge apology from Ctrip after system glitch affects hundreds

Chinese netizens are calling for an official apology from Ctrip after a system glitch affected travel arrangements of hundreds of users on Wednesday and Thursday.
Source: | 2019/10/4 13:56:53

Samsung reportedly closes last mobile phone factory in China

South Korean tech giant Samsung, one of the leading smartphone producers in the world, has reportedly closed its last mobile phone factory in China after losing market share in the country amid the fierce business competition from domestic rivals.
Source: Global Times | 2019/10/3 16:30:40

China's home appliance makers eye high-tech chips

China's home appliance maker Galanz will soon head into the field of high-tech chips and edge into computing and wireless power technology, which will be applied to its products in the future, media reported on Saturday. Industry insiders say that, as major players enter the chip field, the industry can improve its supply chain and help strengthen exploration of smart home appliances.
Source: Global Times | 2019/9/29 21:03:40

HKEX reportedly seeking loans to back up proposed LSE acquisition

Hong Kong Exchanges and Clearing Limited (HKEX) is reportedly seeking a $9.8 billion loan to back up its proposed acquisition of the London Stock Exchange (LSE) which had previously been rejected.
Source: Global Times | 2019/9/29 18:23:39

HK property moguls urged to shoulder responsibility in easing tensions

Following two of the Hong Kong's largest real estate developers joining the city's land resumption project, other Hong Kong property tycoons are being urged to shoulder the responsibility to deal with the city's affordable housing shortages. Business representatives believe that the apparent move will partially ease the housing woes.
Source: Global Times | 2019/9/29 15:29:44

East China provinces improve safety of chemical factories

East China's Jiangsu and Shandong provinces have recently rolled out a slew of measures to upgrade their chemical factories ahead of the upcoming National Day holiday, in a move that analysts say reflects the provinces' determination to protect local environment and production safety.
Source: Global Times | 2019/9/29 15:28:39

Kenya's Barclays Bank mulls integrating WeChat Pay, Alipay into digital platform

Barclays Bank of Kenya is considering integrating WeChat Pay and Alipay into its virtual banking platform, an official said on Friday.
Source: Xinhua | 2019/9/29 14:12:42

China makes breakthrough in high-speed train collision experiment

A Chinese railway equipment company based in Qingdao, a port city in eastern China's Shandong Province, announced it completed the world's highest speed collision experiment of high-speed trains Friday.
Source: Xinhua | 2019/9/29 9:57:03

Huawei's Ren calls for tolerance, trust of 5G

Months after the US placed Huawei on its Entity List, the Chinese company has come up with its self-developed HarmonyOS that could replace Google's operating system and a flagship 5G smartphone. Still, founder Ren Zhengfei reiterated that the company has been trying very hard to regain the trust of the West.
Source: Global Times | 2019/9/26 21:08:40

Huawei's founder calls for more tolerance, trust of 5G

Huawei's founder and CEO Ren Zhengfei called for more tolerance and trust toward emerging new technologies, following US government crackdown on the company's 5G technology.
Source: Global Times | 2019/9/26 16:01:52

Tesla seeks staff in Shanghai 'critical to its future' as it revs up for production

US electric carmaker Tesla is hiring people for vital engineering roles in Shanghai for its Gigafactory 3 as CEO Elon Musk tweeted about “a major engineering team in China” and his strategy of attracting the best brains in China by “supporting original engineering.”
Source: Global Times | 2019/9/25 19:43:40

Alibaba's semiconductor division unveils first AI chipset

Chinese e-commerce giant Alibaba unveiled its first artificial intelligence (AI) inference chipset, the most powerful so far, on Wednesday, a move that analysts believe shows the company is pursuing cutting-edge technologies amid the nation's drive for technology independence.
Source: Global Times | 2019/9/25 19:33:40

Facial recognition regulation to be rolled out soon

Financial regulations concerning payment via facial recognition will soon be rolled out to ensure the safety of payments as well as data privacy protection, according to a report by Economic Information Daily.
Source: Global Times | 2019/9/25 17:36:50

Uber receives London operating license but only for two months

Uber on Tuesday received only a two-month London operating license, failing to secure a maximum five-year term in a battle with the regulator that has previously stripped the app of its right to take rides.
Source: Reuters-Global Times | 2019/9/25 17:08:41

Hyundai, Aptiv plan self-driving venture

Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv, the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.
Source: Reuters-Global Times | 2019/9/25 17:08:40

Pinduoduo to raise 875 mln USD for business expansion

Chinese e-commerce giant Pinduoduo plans to raise 875 million US dollars through a convertible senior note offering to fund its business expansion.
Source: Xinhua | 2019/9/25 15:13:36

Volkswagen's world without China "unthinkable": company's heritage head

According to Volkswagen, the company sold some 10 million cars all over the world in 2018. Four million of these have been delivered to Chinese customers.
Source: Xinhua | 2019/9/25 14:36:32

135,300 passengers still stranded abroad due to Thomas Cook bankruptcy

Although the Civil Aviation Authority (CAA) of the United Kingdom (UK) has pledged to make every effort to bring tourists home following the collapse of British travel agency Thomas Cook, about 135,300 passengers were still stranded abroad on Tuesday.
Source: Xinhua | 2019/9/25 13:34:24