BUSINESS >> Companies

Drone producer DJI criticizes corrupt employees' rumor spreading, strengthens anti-corruption work

China's largest drone-maker DJI Technology Co will strengthen its fight against corrupt practices and rumor spreading, and called for local governments and enterprises to build an integrity database of employees in key positions of responsibility, the company said in an open letter on Wednesday.
Source: Global Times | 2019/1/30 15:24:50

Apple posts drop in quarterly revenue

Apple Inc. said Tuesday that its revenue of the fiscal 2019 first quarter has fallen 5 percent to 84.3 billion U.S. dollars from the year-ago quarter, the first time that the U.S. hi-tech giant has reported a revenue decline for the quarter ending in December in more than 10 years.
Source: Global Times | 2019/1/30 11:51:32

HBIS, Tata ink Southeast Asian deal in 'significant global capacity cooperation'

Hebei-based HBIS Group inked a deal on Tuesday with a subsidiary of Indian steel giant Tata Steel to acquire 70 percent of the latter's steel assets in Singapore, Thailand, Vietnam and Malaysia. A Chinese analyst said the deal will give a boost to HBIS in the all important Belt and Road markets.
Source: Global Times | 2019/1/30 11:23:40

Report on Cameroon's debt issue with China cites erroneous figure

The Wall Street Journal said in a statement on its Chinese website Monday that it had made a “number mistake” in a story about Cameroon's debt issue with China, after the story had been widely doubted by domestic media for almost a week.
Source: Global Times | 2019/1/29 23:10:46

Chinese capital avoids Canadian auto firms amid bilateral political tensions

It will be increasingly difficult for the Canadian auto sector to attract Chinese investment in the near future against the backdrop of heightened China-Canada diplomatic tensions over a senior executive of China's technology giant Huawei, said industry analysts.
Source: Global Times | 2019/1/29 22:52:25

BT's telecom license in China shows nation's resolve to open up further: analysts

There will be more cooperation than competition between UK telecommunications giant British Telecom (BT) and major telecom operators in the Chinese mainland, experts said, after the company was licensed to carry out certain telecom businesses in China.
Source: Global Times | 2019/1/29 22:52:20

Pigging out

A view of cakes in the form of famous cartoon character Peppa Pig seen at a bakery in Yantai, East China's Shandong Province on Monday. The cake has been selling well ahead of the Year of Pig, which begins on February 5.
Source: VCG | 2019/1/29 22:47:11

India's infrastructure needs will push it to reconsider BRI: analysts

The weak balance sheets of some Indian commercial banks as well as concerns about the credit environment have posed challenges to India's flagship projects, the Asian Infrastructure Investment Bank (AIIB) said in its inaugural Asian Infrastructure Finance report released on Tuesday.
Source: Global Times | 2019/1/29 22:18:40

China aims at further opening up of high-end industries, including plane making and shipbuilding: MIIT

China's manufacturing will feature the pursuit of high-quality growth and further opening-up in designated areas such as plane making and shipbuilding, the head of the Ministry Information and Industry Technology (MIIT) said on Tuesday.
Source: Global Times | 2019/1/29 21:33:40

Shenzhen-based Royole defending technology utilized in foldable smartphone

In response to criticism that Royole is seeking market attention by boasting flexible Organic Light Emitting Diode (OLED) technology, the company said in a statement sent to the Global Times on Tuesday that its mass production technology for flexible panels is mature and innovative enough to “reduce costs to a large extent.”
Source: Global Times | 2019/1/29 20:23:40

Rising outbound tourism spurs growth of mobile payments overseas

According to a report Alipay sent to the Global Times on Monday, mobile payments in the Chinese outbound tourism market saw an increase in both the rate of use and the proportion of transactions in 2018. On their most recent trips overseas, Chinese tourists paid for 32 percent of transactions using mobile payments, overtaking cash for the first time.
Source: Global Times | 2019/1/29 19:34:42

China's ODI will face more opportunities than challenges in 2019: official

Chinese companies will face a more complicated global situation when going out in 2019, while generally, Chinese investment overseas will face more opportunities than risks, said an official with the Ministry of Commerce (MOFCOM) on Tuesday.
Source: Global Times | 2019/1/29 15:53:39

PepsiCo Kicks off '2019 Bring Happiness Home – Mom Handworks' Chinese New Year Campaign

PepsiCo Greater China Region (PepsiCo GCR), partnered with China Women's Development Foundation (CWDF), inaugurated the establishment of "Yao Embroidery Cooperative of Youxi Town" in Ruyuan, south China's Guangdong Province on Monday, during which they officially launched PepsiCo's "2019 Bring Happiness Home (BHH) - Mom Handworks" Chinese New Year (CNY) charity program.
Source: Global Times | 2019/1/29 15:38:39

Huawei 'disappointed' to learn of US charges, denies violations of US law

China's Huawei Technologies said it is disappointed to learn of the criminal charges officially announced by the US Justice Department, and denied that it or its subsidiaries and affiliates have committed any of the asserted violations.
Source: Global Times | 2019/1/29 13:25:02

Tesco confirms 9,000 jobs at risk amid corporate overhaul

Tesco, the British supermarket giant, said on Monday that up to 9,000 jobs will be affected as the company attempts to reshape its business.
Source: Xinhua | 2019/1/29 13:07:47

Chinese automaker to export electric pickups to US in 2019

China's EV start-up Kaiyun Motors plans to export electric pickups to the US market this year, local media reported on Monday.
Source: Xinhua | 2019/1/29 8:19:04

Tik Tok captures India's attention-seeking rural teenagers

Sonam Rai, 21, is a student in Kolkata, the capital of the Indian state of West Bengal, who spends two hours a day on short video app Tik Tok. Immersed in the short video app for over one year, she already has 79,900 followers and has received 205,500 likes on the app.
Source: Global Times | 2019/1/28 23:25:07

Special tickets

A bus conductor sells commemorative tickets for the Year of the Pig on a bus in Beijing on Monday. The set of red-and-yellow commemorative tickets, which went on sale starting from Monday, costs 2 yuan (29 cents). Photo: VCG
Source: VCG | 2019/1/28 22:58:39