BUSINESS >> Companies

Tesla CEO confirms intention to privatize US top electric car maker

US top electronic auto maker Tesla CEO Elon Musk on Tuesday confirmed that he wants to take Tesla private.
Source: Xinhua | 2018/8/8 10:13:24

Daimler freezes operations in Iran due to US sanctions

Daimler will halt all of its commercial operations in Iran "until further notice" in response to the re-imposition of US sanctions against Teheran, the German carmaker announced on Tuesday.
Source: Xinhua | 2018/8/8 9:04:59

Boeing invests in high-speed metal 3D-printing company for aerospace parts production

US top aircraft manufacturer Boeing Company said Tuesday that it has joined some renowned venture firms to invest in a metal additive manufacturer company devoted to 3D-printing technology that boasts a promising prospect of 3D-printed parts for aerospace and other production applications.
Source: Xinhua | 2018/8/8 8:48:55

Spain to host 500 mln USD hyperloop development center

Spain will host a 500-million US dollar development and testing center of hyperloop, a new transport system based on a train car that levitates through tubes by magnetic fields.
Source: Xinhua | 2018/8/8 6:25:52

Huawei set to address software problem in the UK amid concerns

Chinese technology giant Huawei said it will improve its engineering and risk management systems in a bid to ensure cybersecurity following media reports claiming the company is facing increased scrutiny in the UK.
Source: Global Times | 2018/8/7 22:18:41

Daimler sales up on Chinese demand

Strong demand from Chinese market boosted the sales of German carmaker Mercedes-Benz to a new record in the first seven months of 2018, the company said Monday.
Source: Global Times - Reuters | 2018/8/7 22:18:40

Alibaba merging food delivery units

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China's booming on-demand services market, four people told Reuters.
Source: Global Times - Reuters | 2018/8/7 22:18:40

Geely sales up 32% in July

Chinese carmaker Geely saw sales surge in both domestic and overseas markets in July, the company announced Monday.
Source: Global Times - Reuters | 2018/8/7 22:18:40

Alipay fined for illegal service rules

Chinese online payment company Alipay (China) Networking Technology Co was fined 4.12 million yuan ($603,397) by the People's Bank of China (PBC), the central bank, for violations of payment rules.
Source: Global Times - Reuters | 2018/8/7 22:18:39

Chinese pet owners consider boycott of US pet food imports amid rising trade tension

Chinese pet owners are considering giving up pet food imported from the US due to their increased price in the domestic market, saying that US products are not “irreplaceable” and the US targeting Chinese goods makes them “sick.”
Source: Global Times | 2018/8/7 21:53:27

Chinese stocks rebound as A shares becoming less sensitive to China-US trade dispute

After recent volatility in Chinese equities, stabilizing signs have emerged as policymakers mull actions to boost the financial markets, with A shares rebounding on Tuesday and foreign exchange reserves rising in July.
Source: Global Times | 2018/8/7 20:58:39

Google vs Baidu: Chinese analysts split on who will be the search winner

Google's possible launch of a new search engine for the Chinese mainland will encounter fierce competition from its Chinese counterpart Baidu Inc, analysts said on Tuesday.
Source: Global Times | 2018/8/7 20:13:39

First EU-China investment fund raises 600 mln euros for mid-sized companies

A First EU-China investment fund backed by the Juncker Plan has raised 600 million euros (694.5 million US dollars) for mid-sized companies, the European Commission has said.
Source: Xinhua | 2018/8/7 16:49:01

Geely sales volume up 32 pct in July

Chinese carmaker Geely saw sales surge in both domestic and overseas markets in July, the company announced Monday.
Source: Xinhua | 2018/8/7 11:51:07

Chinese firm Holitech to invest 200 mln USD in India for components producing for Xiaomi

Mobile-phone manufacturing company Xiaomi announced on Monday the signing of a memorandum of understanding (MoU) with its key components making firm "Holitech Technology," to start manufacturing key components in the country's southern state of Andhra Pradesh.
Source: Xinhua | 2018/8/7 7:28:42

China punishes third-party payment companies for violating service rules

China's central bank confiscated the illegal gains of and levied fines on three companies for violating regulations on payment services, the People's Bank of China (PBOC) said Monday.
Source: Xinhua | 2018/8/7 7:23:47

Chinese market boosts Mercedes-Benz sales to reach new record

Strong demand from Chinese market boosts the sales of German carmaker Mercedes-Benz to reach a new record in the first seven months of 2018, a statement of the Stuttgart-based company showed on Monday.
Source: Xinhua | 2018/8/7 7:20:01

Facebook removes US conspiracy theorist's pages for hate speech

Facebook announced Monday that it has removed four pages of US conspiracy theorist Alex Jones for violation of its policy that bans extremist behaviors including hate speech.
Source: Xinhua | 2018/8/7 7:17:07