BUSINESS >> Companies

China's AI involvement needed for better global collaboration: experts

More artificial intelligence (AI) companies are focusing on fundamental technologies such as cognitive computing and deep machine learning, and some are also urging respect for the moral and ethical questions raised by the application of AI.
Source: Global Times | 2018/10/7 11:13:39

Shared-bike providers face dilemma as glory days come to end

After Chinese bike-sharing platform Mobike was sold for $2.7 billion to domestic on-demand online services provider Meituan Dianping, the valuation of another bike-sharing company called ofo was lowered from $4 billion to $2.5 billion.
Source: Global Times | 2018/10/7 11:08:40

Crisis awareness reflects housing market game changer

The slogan “To Survive” revealed by a major Chinese real estate developer sparked widespread concerns over the further cooling-down of the domestic housing market, which also signaled a looming crisis for some small and medium-sized companies, industry insiders said.
Source: Global Times | 2018/10/7 11:08:39

Over 1,100 SMEs debut on China's "new third board" in 2018

A total of 1,106 small and medium-sized enterprises have debuted on China's National Equities Exchange and Quotations, also known as the "new third board," since the beginning of 2018.
Source: Xinhua | 2018/10/6 13:33:38

US-listed Chinese firms trade mostly lower

US-listed Chinese companies traded mostly lower on Friday with nine of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on a downbeat note.
Source: Xinhua | 2018/10/6 10:17:18

SuperMicro not a supplier: Lenovo

Chinese personal computer (PC) maker Lenovo, also one of the world's top PC makers, told the Global Times on Friday that SuperMicro is not its supplier and Lenovo has never installed backdoors, after a Bloomberg story raised investors' concerns over China's electronic manufacturers.
Source: Global Times | 2018/10/5 16:47:42

China's Tencent enters Philippine market

Chinese tech giant Tencent Holdings Ltd. and global investment firm KKR agreed on Thursday to acquire "substantial" minority stakes in Philippine technology firm Voyager Innovations that could be worth up to 175 million U.S. dollars.
Source: Xinhua | 2018/10/5 10:32:18

Tesla reports record quarterly production of electric vehicles

U.S. top electric car maker Tesla Inc. on Tuesday announced a record quarterly production of electric vehicles as its total output hit 80,142 units in the third quarter, 50 percent more than the previous corresponding period.
Source: Xinhua | 2018/10/4 10:26:25

Beijing develops self-driving sanitation vehicle

A series of self-driving sanitation vehicles were recently unveiled in Beijing and are expected to save the workloads of sanitation workers.
Source: Xinhua | 2018/10/3 21:27:43

Shared-bike providers face dilemma as glory days come to end

After Chinese bike-sharing platform Mobike was sold for $2.7 billion to domestic on-demand online services provider Meituan Dianping, the valuation of another bike-sharing company called ofo was lowered from $4 billion to $2.5 billion.
Source: Global Times | 2018/10/2 11:25:37

Tencent announces restructuring, new business groups

Chinese Internet giant Tencent Holdings Ltd. on Sunday announced its first restructuring in six years, with two new business groups to be established.
Source: Xinhua | 2018/10/1 17:34:14

Chinese, US companies to strengthen cooperation in film production

The US-based film company the H Collective has said that it will further strengthen its cooperation with iQiyi, one of China's largest online streaming services.
Source: Xinhua | 2018/10/1 11:56:38

Uncertainty in the global economy to serve as a catalyst for Chinese start-ups: analysts

Chinese e-commerce platforms, including online group discounter Pinduoduo and food delivery site Meituan Dianping, have been "ringing the bell" in recent months to celebrate their IPOs.
Source: Global Times | 2018/10/1 9:55:56

Elon Musk to step down as chairman of Tesla board, stays as CEO

Elon Musk, CEO of U.S. electric automaker Tesla Inc., will step down as chairman of the Tesla Board of Directors, and he and the company will pay 40 million U.S. dollars in fine under a settlement with the U.S. Securities and Exchange Commission (SEC), the commission said Saturday.
Source: Xinhua | 2018/9/30 11:34:30

Super-large boring machine set for delivery

Chinese firm CCCC Tianhe Mechanical Equipment Manufacturing Co rolled out China's largest export-bound slurry tunnel boring machine (TBM) on Saturday, marking what officials call a milestone in China's push for high-end machinery exports in a market that has been dominated by developed countries.
Source: Global Times | 2018/9/29 23:38:41

Lithuanian Economy Minister talks about future finance

Lithuanian Minister of Economy Virginijus Sinkevičius visited China in September. Born in 1990, he is the youngest minister of the European countries, which gives him the advantage to get on to new things.
Source: Global Times | 2018/9/29 23:06:10

China enters high-end machinery making with largest export-bound tunnel boring machine

Chinese firm CCCC Tianhe Mechanical Equipment Manufacturing Co rolled out China's largest export-bound slurry tunnel boring machine (TBM) on Saturday, marking what officials call a milestone in China's push for high-end machinery exports in a world that has been dominated by developed countries.
Source: Global Times | 2018/9/29 13:18:28

Mainland's top food takeout apps put 85 Cafe back online

The Chinese mainland's top food takeout apps have put Taiwan-based chain 85 Degrees Celsius Bakery Cafe (85 Cafe) back online after a one-month boycott, a move one expert said shows the mainland's protection of Taiwan companies' lawful operations with the precondition of not breaching important laws and regulations like the one-China principle.
Source: Global Times | 2018/9/28 22:53:40