BUSINESS >> Companies

China's foreign trade volume rises 15.6%: MOFCOM

China's foreign trade has shown growth momentum this year as the total trade volume in the first 11 months of 2018 has already exceeded the reading last year, but the trend was not in large part fueled by a rush by traders to ship orders before US tariffs took effect, an official from the Ministry of Commerce (MOFCOM) said Thursday.
Source: Global Times | 2018/12/6 18:27:50

Can Chinese smartphone makers win Europe?

After winning the Indian and Southeast Asian markets, Chinese smartphone makers are now making aggressive inroads into Europe, including the UK, Spain, Italy, Russia and France.
Source: Global Times | 2018/12/6 18:08:40

Facebook CEO denies selling user data to third-party developers

Facebook CEO Mark Zuckerberg Wednesday denied that his company has sold user data to third-party developers after a British lawmaker disclosed internal Facebook emails alleging it had traded user privacy for its own growth.
Source: Xinhua | 2018/12/6 17:51:11

Chinese embassy in Ottawa urges Canada to release Huawei official

The Chinese embassy in Ottawa on Wednesday called on Canada to release Meng Wanzhou, the chief financial officer of Huawei, who has been arrested in Vancouver at the request of US authorities.
Source: Xinhua | 2018/12/6 13:24:29

Huawei becomes a hostage in China-US trade conflict: experts

Chinese Huawei Technologies has become a card for the US to play to make China compromise itself in trade conflict, but countries ruled by law should not detain Chinese citizens without providing any legal evidence, Chinese experts said on Thursday.
Source: Global Times | 2018/12/6 11:33:27

Ride-hailing giant Didi announces restructuring

China's ride-hailing giant Didi Chuxing released on Wednesday an organizational restructuring plan to enhance safety and efficiency, amid public's mounting concerns over its hitchhiking services.
Source: Xinhua | 2018/12/6 10:55:17

Huawei denies any wrongdoing by company CFO

Chinese tech giant Huawei on Thursday denied any wrongdoing by its corporate CFO Meng Wanzhou after she was provisionally detained by the Canadian Authorities.
Source: Xinhua | 2018/12/6 10:54:25

Boeing signs deal with British company to recycle aerospace waste materials

US aerospace giant Boeing Company (Boeing) Wednesday signed a five-year agreement with Britain-based ELG Carbon Fibre (ELG) to recycle aerospace waste materials from Boeing factories in the United States.
Source: Xinhua | 2018/12/6 10:03:05

Huawei believes no wrongdoings from arrested CFO

Chinese Huawei Technologies said on Thursday morning that it believed that the company's chief financial officer (CFO) Meng Wanzhou committed no wrongdoings, and it believes that the legal systems of Canada and the US will give a fair conclusion.
Source: Global Times | 2018/12/6 9:22:35

China 'shows sincerity' in resolving trade war by strengthening patent protection: experts

The State Council, China's cabinet, unveiled a list of measures to boost innovation at a regular meeting held on Wednesday. The meeting also passed a draft amendment to the Patent Law to protect intellectual property rights (IPR) and effectively combat infringement.
Source: Global Times | 2018/12/5 23:16:22

China to release new negative list for investment: sources

China's soon-to-be-released national market-entry negative list will further ease concerns among China's investment partners as the new list will provide more transparency and predictability for market practices in China, experts said on Wednesday.
Source: Global Times | 2018/12/5 23:03:40

Qualcomm's 5G plan reflects heavy reliance on China

US-based technology company Qualcomm's 5G strategy reflects its heavy dependence on the Chinese market, as global suppliers of telecoms equipments need to work closely when next-generation wireless technology comes into reality starting in 2019, experts said on Wednesday.
Source: Global Times | 2018/12/5 22:38:40

Retreat by Macy's from Chinese market shows localization woes

International retailers should localize their operating models and adapt to local conditions and demand, instead of just doing what they've done for years back home, if they want to succeed in the Chinese market, analysts said.
Source: Global Times | 2018/12/5 22:33:03

Darwin, Guangzhou sign agreement to expand ties

The council of Darwin, capital of Australia's Northern Territory (NT), has signed an agreement to build a stronger relationship with Yuexiu District in the city of Guangzhou, capital of South China's Guangdong province.
Source: Xinhua | 2018/12/5 22:23:48

SoftBank's Vision Fund to set up office in Shanghai

The SoftBank-led Vision Fund is hiring a team to be based in China as the $100 billion investment giant expands in one of the world's most vibrant technology markets, two people with direct knowledge of the move told Reuters.
Source: Reuters | 2018/12/5 22:23:48

Didi Chuxing restructuring

Chinese online ride hailing company Didi Chuxing announced on Wednesday a restructuring plan to consolidate the company's assets in various areas, including online ride-hailing services and car asset management, according to financial news website wallstreetcn.com.
Source: Global Times | 2018/12/5 22:13:43

Argentina to export fresh cherries to China market

Beijing and Buenos Aires have reached agreement for Argentina to export cherries to China, one of the efforts made by China to multiply its import channels, an economic expert said.
Source: Global Times | 2018/12/5 19:23:23

Double the work

An employee at a Chinese online retailer prepares goods for the “Double 12” shopping festival at a warehouse in Lianyungang, East China's Jiangsu Province on Wednesday. “Double 12,” which falls next Wednesday, is another shopping festival created by the Alibaba Group after the success of its annual Single's Day Double 11 shopping festival on November 11. In 2017, the transaction volume on Alibaba's e-commerce platform Taobao reached 168.2 billion yuan ($24.51 billion), a new high.
Source: VCG | 2018/12/5 19:18:40