BUSINESS >> Companies

Huawei expands 5G footprint in Europe despite US crackdown

Huawei has not played down its 5G ambitions as it continues pushing forward its deployment of 5G technologies not only in the Chinese market but overseas as well, as it launched the first 5G service in the UK while eyeing closer collaboration with other European countries.
Source: Global Times | 2019/5/31 21:58:40

Tesla to deliver Shanghai-manufactured model 3 in 6-10 months

Tesla announced Friday that the model 3 manufactured in the Shanghai gigafactory was available for pre-order with starting price of 328,000 yuan (47,529 US dollars) and expected to deliver in six to ten months.
Source: Xinhua | 2019/5/31 13:05:53

Chinese firm signs agreement to manage Ethiopian industrial park

Huajian, a Chinese shoe producing company signed an agreement on Thursday to manage and operate Ethiopia's Jimma Industrial Park (JIP).
Source: Xinhua | 2019/5/31 8:37:57

38 overseas-invested projects inked in Shanghai

A total of 38 overseas-invested projects worth about 49.2 billion yuan (7 billion US dollars) were signed Thursday in Shanghai.
Source: Xinhua | 2019/5/31 8:09:45

China's oil sector weighs trade war impact

Chinese oil magnates weighed in on the trade war between China and the US by vowing to ensure stable oil and gasoline production, contain the outcome of possible suspension of vital services provided by foreign companies and boost control over financial risks.
Source: Global Times | 2019/5/30 22:10:52

Global satellite-based communication provider eyes nascent Chinese market

Inmarsat, a global leader in satellite-based communication provider, is eyeing China's nascent but potentially huge market for mobile broadband services such as in-flight Wi-Fi, the company's global CEO Rupert Pearce told the Global Times on Thursday.
Source: Global Times | 2019/5/30 21:48:40

ZTE to invest more on R&D of 5G chip and edge computing

ZTE is set to invest more than 10 percent of its sales revenue on research and development (R&D) focusing on 5G chips and edge computing, said ZTE President Xu Ziyang at the annual shareholders' meeting on Thursday.
Source: Global Times | 2019/5/30 20:53:40

Shenzhen-listed seafood enterprise hits headlines again over falling scallop output

China's leading seafood enterprise replied to inquiries over its recent losses, saying that it will eliminate its risks caused by “a reduction of scallop output”, but Chinese shareholders are not convinced, and some have questioned whether it's profit manipulation to avoid delisting.
Source: Global Times | 2019/5/30 20:48:40

Belt and Road Initiative spurs soaring tourist numbers in desert city

Philip Xue is a frequent flyer to Dubai from Beijing. In his eyes, Dubai is a city that surprises him every time.
Source: Global Times | 2019/5/30 18:58:40

Huawei launches 5G lab in South Korea

Huawei Technologies unveiled an open lab for next-generation 5G wireless network in South Korea on Thursday, but kept the launch low-key given its recent blacklisting by the US government, a key security ally of the Asian nation.
Source: Reuters-Global Times | 2019/5/30 18:13:41

New trends in China's auto market offer lucrative opportunities

Despite a vehicle sales slump in China, foreign insurers see new market opportunities in consumer-tailored services and secondhand cars, industry insiders said.
Source: Global Times | 2019/5/30 18:08:40

Fiat-Renault merger aims to combat upheaval

Fiat Chrysler Automobiles (FCA) pitched a finely balanced merger of equals to Renault to tackle the costs of far-reaching technological and regulatory changes by creating the world's third-biggest automaker.
Source: Reuters-Global Times | 2019/5/30 18:03:41

China vows to protect foreign firms' rights in the country amid US crackdown on Huawei

China will continue to protect the legitimate rights of all foreign companies in the country amid the US crackdown on Chinese technology firms such as Huawei, a Chinese official said on Thursday.
Source: Global Times | 2019/5/30 17:38:08

Alibaba Cloud launches China Gateway program in Singapore

Alibaba Cloud, the data intelligence backbone of Alibaba Group, launched the China Gateway program on Thursday at the Alibaba Cloud APAC Summit with eight local partners.
Source: Xinhua | 2019/5/30 15:19:18

Huawei builds AI innovation center in Hefei

Huawei has set up a research center in Hefei, capital of east China's Anhui Province, aiming for innovation in the areas of 5G, artificial intelligence (AI) and construction of digital government, local authorities said.
Source: Xinhua | 2019/5/30 14:57:43

Luckin Coffee eyes expansion in China: newspaper

One of Starbucks leading challengers in China -- Luckin Coffee -- vowed on Wednesday to open 10,000 stores in the country by 2021 and expand its non-coffee sector, China Daily reported Thursday.
Source: Xinhua | 2019/5/30 11:31:55

Cooperation between Huawei, Taiwan enterprises conducive to cross-Strait common development

Cooperation between Huawei and relevant Taiwan enterprises gives full play to their complementary strengths and helps promote the common economic development across the Taiwan Strait, a mainland spokesperson said Wednesday.
Source: Xinhua | 2019/5/30 2:10:57

PKU scholar quits in protest of IEEE replacing Huawei reviewers in journals

A Peking University professor on Wednesday said she would quit from the Institute of Electrical and Electronics Engineers (IEEE) after the organization allegedly sent an email to its editorial colleagues to "replace all reviewers from Huawei in its journals."
Source: Global Times | 2019/5/30 0:29:30