BUSINESS >> Companies

Cathay Pacific shares slide as carrier entangled in HK turmoil

Shares of Cathay Pacific Airways closed nearly 5 percent lower in Hong Kong on Monday after the company sent a sternly worded internal letter to employees during the day warning them not to participate in any illegal protests.
Source: Global Times | 2019/8/12 19:18:39

Shanghai Disneyland faces backlash over ticket refunds after Typhoon Lekima hits

Shanghai Disneyland made headlines after consumers complained that the resort shouldn't invoke an unfair clause in dealing with ticket refunds because of Typhoon Lekima.
Source: Global Times | 2019/8/12 17:38:39

Chinese state-owned companies restrict staff from flying with Cathay Pacific

A number of Hong Kong branches of state-owned financial institutions, including China Huarong International Holdings, have issued notices in recent days which bar their employees from taking Cathay Pacific flights for business trips, a source close to the matter told the Global Times on Monday. The airline came under rising fire now for supporting anti-government riots in Hong Kong.
Source: Global Times | 2019/8/12 17:07:20

Huawei aims to excel in AI technology, despite US government assault

Huawei has aimed greater than 5G and has set its sights on the artificial intelligence (AI) industry, said the founder of the best known Chinese tech giant.
Source: Global Times | 2019/8/12 15:38:39

TikTok creator ByteDance launches search engine, may signal battle with Baidu

TikTok creator ByteDance recently launched an online search engine, taking its products from information flow to search field. This move may herald the beginning of a battle between it and its largest competitor, Baidu.
Source: Global Times | 2019/8/12 13:53:39

US fashion house Coach facing potential boycott in China

US fashion brand Coach has sparked online outrage on Chinese social media after it was found to list Hong Kong and Taiwan as “countries” on its products and website. Chinese model Liu Wen, a current brand ambassador for Coach, halted cooperation with the brand on Monday.
Source: Global Times | 2019/8/12 12:19:56

Libra should be under supervision to enter China: SAFE official

Libra, Facebook's planned cryptocurrency, should be classified as a foreign currency and integrated into the general framework of China's foreign exchange management, said an official of the nation's foreign exchange regulator on Saturday.
Source: Global Times | 2019/8/11 18:48:39

Ford to build product R&D, operations centers in east China

Ford Motor company will set up its product R&D center and China operations center in Nanjing, capital of eastern Jiangsu Province, according to the municipal government.
Source: Xinhua | 2019/8/11 11:34:29

Huawei unveils HONOR Vision series in Dongguan, S China

George Zhao, president of Huawei's sub-brand HONOR, unveils HONOR Vision series during the Huawei Developer Conference held in Dongguan, south China's Guangdong Province, Aug. 10, 2019. HONOR Vision is the world's first smart screen equipped with HarmonyOS, or Hongmeng in Chinese, Huawei's open-source operating system. (Xinhua/Liang Xu)
Source: Xinhua | 2019/8/11 10:08:13

FAW-Volkswagen recalls defected Audi sedans in China

Sino-German joint venture FAW-Volkswagen will recall 4,605 Audi A4L vehicles for fuel leak risk, according to China's market regulator.
Source: Xinhua | 2019/8/11 8:40:54

Audi reports record sales in Chinese luxury market in Jan-July

FAW-Volkswagen Audi, a major brand in the Chinese luxury car market, saw a record 368,094 vehicles delivered in China in the January-July period, the Sino-German auto joint venture FAW-Volkswagen said.
Source: Xinhua-Global Times | 2019/8/10 19:23:40

China to launch its first open-source foundation

China's first open-source foundation will be launched in about a month or two, said Huawei after it released its open-source HarmonyOS on Friday.
Source: Global Times | 2019/8/10 16:52:49

Huawei launches HarmonyOS, could replace Android at 'any time'

Chinese telecommunications giant Huawei released its much-anticipated operating system HarmonyOS on Friday amid the US ban still that is imposed on the company and escalating China-US trade tensions. A Huawei executive said the groundbreaking move, considered a Plan B that the company has long prepared, could be used at any time if the company is no longer able to access Google's Android.
Source: Global Times | 2019/8/9 16:26:08

Alibaba.com sales point to strong private trade in China

Chinese companies' overseas trade saw robust growth despite uncertainties in the global trade environment, sales data from international wholesale marketplace alibaba.com showed, further proof of the tenacity and competitiveness of the Chinese economy, particularly in the private sector.
Source: Global Times | 2019/8/9 20:39:52

Huawei launches AI innovation center in east Chinese city

Huawei on Thursday unveiled its artificial intelligence (AI) innovation center in Suzhou, east China's Jiangsu Province.  
Source: Xinhua | 2019/8/9 10:37:31

Xiaomi, Samsung to unveil smartphones with ultra-high resolution camera

Chinese tech firm Xiaomi announced Wednesday that it will roll out smartphones featuring 64-megapixels (MP) camera technology via a partnership with Samsung Electronics.
Source: Xinhua | 2019/8/9 10:33:51

German sportswear manufacturer Adidas records double-digit growth in China in Q2

Turnover of Adidas in China increased year-on-year by 14 percent in the second quarter of 2019 (Q2), the German sportswear manufacturer announced on Thursday.
Source: Xinhua | 2019/8/9 10:14:06

China's NetEase notches solid gains on strong second-quarter earnings

China's internet technology giant NetEase saw big gains in its Nasdaq-listed stock throughout Thursday trading, after the company reported robust corporate earnings for the second quarter (Q2) on late Wednesday night.
Source: Xinhua | 2019/8/9 10:03:30