BUSINESS >> Companies

China's SAIC Motor looks to expand overseas, betting on EV and smart trend

As the global auto industry embraces disruptive technological evolvement especially in China, the largest new-energy vehicle (NEV) market, Shanghai-based SAIC Motor is pushing forward its strategy focused on NEV and intelligent connected cars as well as overseas expansion.
Source: Global Times | 2019/4/15 22:17:40

Tax authority probing 'financial service fee' in oil-leaking Mercedes Benz case

Local taxation authorities in Xi'an, Northwest China's Shaanxi Province, weighed in a fermenting consumer rights protection case between a Mercedes Benz 4S dealership and a Chinese consumer by declaring that it is probing for any wrongdoing over a so-called “financial service fee.”
Source: Global Times | 2019/4/15 21:58:43

Shrinking Chinese city shocks netizens with bargain-basement home prices

Hegang, a resource-poor city in Northeast China's Heilongjiang Province, has grabbed attention on Chinese social media due to its plunging home prices, domestic news site thepaper.cn reported on Monday.
Source: Global Times | 2019/4/15 21:42:22

China making great strides in space endeavors, governance

China is playing an increasingly important role in mankind's quest to explore the universe, even though the country still lags behind many of its international peers in a number of areas, Chinese space experts and commentators said on Monday.
Source: Global Times | 2019/4/15 21:18:40

JD Logistics drops base salaries for delivery staff to cope with deficit

According to the founder and CEO of e-commerce giant JD.com, Liu Qiangdong, subsidiary JD Logistics faces a persistent financing dilemma, and ending base salaries for delivery staff while increasing commission rates are among the steps the company is using to deal with the problem.
Source: Global Times | 2019/4/15 21:13:41

Why I think Huawei will finally win the US-led political battle over 5G

When I arrived at Huawei's headquarters in Shenzhen, South China's Guangdong Province, on Monday, I heard that the Chinese company is ready to sell 5G chipsets to US technology giant Apple despite the US-led global crackdown on Huawei. I was not surprised at all.
Source: Global Times | 2019/4/15 20:33:40

Final call

A closed factory of Japanese consumer electronics maker Sony in Beijing on Monday. The smartphone factory operated for 20 years. Sony shut down the factory in late March amid China's industrial upgrading and the sliding revenue of its mobile business. Photo: IC
Source: IC | 2019/4/15 20:18:40

US floats trade compromises as officials move toward final agreement to end dispute

US officials have in recent days floated compromises in several sticking issues in the ongoing trade negotiations between China and the US, signaling that a final agreement to end the tariff war could be within reach.
Source: Global Times | 2019/4/15 20:13:40

Wanda to invest big in Gansu to tap BRI opportunities

Chinese commercial conglomerate Wanda Group plans to invest about 45 billion yuan (about 6.7 billion US dollars) in northwest China's Gansu Province in the next three years, as the Belt and Road Initiative (BRI) boosts local consumption.
Source: Xinhua | 2019/4/15 17:14:50

Norway: Embassy announces first direct flight between China and Norway

An inaugural ceremony and press conference took place at the Norwegian Embassy in China on April 12, announcing direct flights from Beijing to Oslo that are set to begin on May 15.
Source: Global Times | 2019/4/15 16:53:39

China's largest trade fair opens with strong Belt and Road presence

The 125th China Import and Export Fair, also known as the Canton Fair, opened Monday in Guangzhou, capital of south China's Guangdong Province, with over half of companies attending its import fair hailing from Belt and Road countries and regions.
Source: Xinhua | 2019/4/15 14:39:15

India's debt-ridden Jet Airways further holds back int'l flights bookings

India's struggling airline Jet Airways continued to hold back bookings on international flights including those to Colombo, Kathmandu, Singapore and Hong Kong till further notice, airline ticketing sources said Sunday.
Source: Xinhua | 2019/4/14 23:49:28

VCG scandal serves as warning on IPR protection

China's biggest stock photo provider Visual China Group (VCG) was caught in a new scandal as it reportedly launched lawsuits against users “maliciously” and used “blackmail” to seek commercial profits, media reports said over the weekend.
Source: Global Times | 2019/4/14 21:27:52

Ericsson confirms it's under antitrust investigation in China

Sweden-based telecoms manufacturer Ericsson confirmed to the Global Times on Sunday that it is being investigated by Chinese market regulators over complaints against its intellectual property rights (IPR) licensing practices in the country.
Source: Global Times | 2019/4/14 21:19:57

Beijing Benz recalls 1,925 cars over airbag problem

Beijing Benz Automotive Co. will recall 1,925 Mercedes-Benz vehicles as of May 31, 2019, due to defective airbags.
Source: Xinhua | 2019/4/14 21:19:31

Regulator probes Mercedes-Benz dealership in Xi'an, raising issues of rights over faulty products

A dispute between a Mercedes-Benz 4S dealership and a local customer in Xi'an, capital of Northwest China's Shaanxi Province over a faulty new car that leaked oil is intensifying.
Source: Global Times | 2019/4/14 20:48:39

Market regulator probes Mercedes Benz for Xi'an oil leak scandal

The tussle between a Mercedes Benz 4S dealership and a Chinese consumer in Xi'an, Northwest China's Shaanxi Province over a high-profile dispute steming from a faulty new car that leaked oil, is fermenting.
Source: Global Times | 2019/4/14 15:11:18

China's foreign trade up 3.7% in Q1, trade with US in decline

China's foreign trade rose 3.7 percent year-on-year to 7.01 trillion yuan ($1.03 trillion) in the first quarter of 2019, customs data showed on Friday. The steady growth momentum in foreign trade against the backdrop of rising global uncertainties reflects China's stable economy and a stable yuan, Chinese officials said.
Source: Global Times | 2019/4/12 17:53:40