BUSINESS >> Companies

Facebook faces lawsuit over alleged illegal collection of user data

A US court in San Francisco ruled on Thursday that Facebook users from Illinois state can go ahead with a class action lawsuit against US social media giant Facebook Inc. over alleged illegal collection of user data without their consent.
Source: Xinhua | 2019/8/9 10:01:24

Russian watchdog investigates Apple for suspected unfair competition

Russia's anti-monopoly watchdog on Thursday decided to investigate US technology company Apple for suspected "abuse of dominant market position."
Source: Xinhua | 2019/8/9 8:59:54

Cathay Pacific says it treasures business opportunities in Hong Kong and mainland amid criticism

Hong Kong-based Cathay Pacific Airways, which has been in hot water recently, said it treasures the business development opportunities in Hong Kong and the Chinese mainland, and stated its stance of supporting the "One Country, Two Systems" principle.
Source: Global Times | 2019/8/9 0:34:58

Huawei rolls out Plan B amid US pressure

China urged the US to stop its unfair and discriminatory treatment of Chinese firms following the US government moves to ban on Wednesday federal purchases of telecommunications equipment from five Chinese companies amid the protracted China-US trade war.
Source: Global Times | 2019/8/8 23:08:40

Rise in capacity, decline in popularity for HK airport

Hong Kong International Airport (HKIA) has long been regarded as one of the top airports in the world in terms of services. However, as the riots in Hong Kong expand, the airport has been silent regarding protesters, shocking the public.
Source: Global Times | 2019/8/8 18:23:40

Huawei publishes industry outlook involving 5G, cloud and AI

China's tech giant Huawei predicts that 2.8 billion people worldwide will be using 5G by 2025; artificial intelligence (AI) and cloud technology will also be widely used, according to an industry outlook published by Huawei on Thursday.
Source: Global Times | 2019/8/8 18:13:41

C919 to obtain airworthiness certificate in 2021

The chief designer of the home-made C919 program has said that the aircraft aims to obtain its certificate of airworthiness in 2021, marking the first time an official has given a clear timetable for the certificate target.
Source: Global Times | 2019/8/8 11:23:40

Sprint to launch Chinese-made OnePlus 5G smartphone in US

Sprint Corp said on Tuesday it would launch a 5G smartphone made by OnePlus, becoming the second US wireless carrier after T-Mobile to offer a cell phone made by the Chinese company.
Source: Reuters-Global Times | 2019/8/8 11:11:41

Indonesia woos millennials

Indonesia's push to cut its reliance on foreign funds to fill the widening current-account gap has prompted it to chase a new and growing source of funding — digitally savvy millennials.
Source: Reuters-Global Times | 2019/8/8 11:08:40

Yuan's midpoint reference weaker than 7 for first time since 2008, may drop further

China's central bank has set the official midpoint reference for the yuan weaker than 7 per US dollar for the first time since 2008.
Source: Global Times | 2019/8/8 11:05:34

CR Express tackles the issue of empty containers

China's state-owned railway operator said on Wednesday that the container utilization rate of China Railway Express (CR Express), or freight trains shuttling between China and Europe, has been increasing significantly over the past two years as the country put an emphasis on high-quality development.
Source: Global Times | 2019/8/8 3:57:36

China can break US containment amid trade war: experts

At a seminar held by the China Society of Macroeconomics under the National Development and Reform Commission on Wednesday, experts condemned the new round of tariff increases, saying it would not only harm the US but also bring new uncertainties to the world economy.
Source: Global Times | 2019/8/7 20:35:11

Huawei denies Flex claim that it owes due payment to the firm

Huawei rejected Flex's accusation that the Chinese tech giant defaulted the US firm 100 million yuan ($14.19 million) due payment, a Huawei media affairs officer told the Global Times on Wednesday.
Source: Global Times | 2019/8/7 17:28:41

Huawei denies Flex claim that it owes due payment to the firm

Huawei rejected Flex's accusation that the Chinese tech giant defaulted the US firm 100 million yuan ($14.19 million) due payment, a Huawei media affairs officer told the Global Times on Wednesday.
Source: Global Times | 2019/8/7 17:28:40

Chinese cities compete to become esports hub

Esports is flourishing as a business in China, and with fans and athletes investing and bringing in a sustainable amount of money, cities are now competing to become the Chinese esports hub, hoping to grab more market shares in the industry.
Source: Global Times | 2019/8/7 17:18:40

Ofo launches shared-bike docking service in Shenzhen to alleviate capital crunch

Chinese bike-sharing platform ofo has rolled out a “docking service” in Shenzhen, South China's Guangdong Province, that requires users to park shared bikes in specific parking areas after use. The move represents the latest effort from players in the bike-sharing industry to save themselves from capital crunch and overcome regulatory hurdles.
Source: Global Times | 2019/8/7 16:48:40

Data theft case prosecuted in eastern Zhejiang Province

A group of seven people were referred for prosecution in a data theft case by the procuratorate in Shaoxing, East China's Zhejiang Province, media reports said Tuesday. Analysts said the case shows that internet companies should develop high technology to defend against possible attacks on data.
Source: Global Times | 2019/8/6 20:10:58

Insurance sector hit by Hong Kong unrest

Representatives of Hong Kong's financial sector, including insurance companies, are expressing deep concern about rising unrest in the city and calling for the restoration of order to avoid an erosion of investors' confidence in local economic growth.
Source: Global Times | 2019/8/6 19:33:40