BUSINESS >> Companies

Moutai madness grips Costco shoppers

US retailer Costco's luxury liquor Kweichow Moutai bottles sold out at half the market price during the Mid-Autumn Festival holidays, leading the chairman of the liquor company to secretly visit the retailers and urge them not to speculate with the liquor.
Source: Global Times | 2019/9/16 22:13:40

China slams US officials' smearing of Huawei in Gulf countries

China's Foreign Ministry on Monday slammed US officials' smear campaign against Chinese telecom company Huawei Technologies in some Gulf countries, detailing the US' well-documented track record of spying on other countries with the help of its companies and calling on all countries to treat Chinese companies fairly.
Source: Global Times | 2019/9/16 21:48:40

Manufacturing remains economy's cornerstone, says Chinese entrepreneur in Obama documentary

Cao Dewang, founder of China's largest vehicle glass manufacturer Fuyao Group, stressed the importance of the country's manufacturing competitiveness. “Manufacturing is the secondary industry, and only when the secondary industry is developed can there be demand for service industries,” he said on Monday.
Source: Global Times | 2019/9/16 15:08:39

Majority of the listed companies in Xinjiang are profitable in H1

More than 80 percent of the A-share market listed companies in Northwest China's Xinjiang Uyghur Autonomous Region made profits in the first half of the year, according to media reports.
Source: Global Times | 2019/9/15 22:12:17

Apple's new iPhone series sees surge in advance orders

As one of the major online channels for the pre-sales of Apple's new iPhone 11 series, the Apple flagship store of China's e-commerce giant JD.com on Sunday showed many products in the series have been booked up. JD.com's report showed that the number of pre-orders surged 480 percent year-on-year.
Source: Global Times | 2019/9/15 22:12:10

US Congress panel demands internal records from 4 tech giants amid antitrust probe

The US House Judiciary Committee issued letters to Amazon, Apple, Facebook and Google on Friday, demanding their internal communications, a move that has intensified the ongoing antitrust investigation over the country's tech industry.
Source: Xinhua | 2019/9/14 9:53:12

Russia fines Google over search results linked to banned information

Google has paid a fine of 700,000 rubles (about $10,900) for failing to remove all search links to banned information, Russia's telecoms watchdog Roskomnadzor said Friday.
Source: Xinhua | 2019/9/14 9:18:03

Alibaba launches undergraduate e-commerce program for African students

China's e-commerce giant Alibaba on Wednesday launched its first undergraduate cross-border e-commerce program for African students.
Source: Xinhua | 2019/9/12 22:07:27

BMW eyes production of all-electric iX3 in China next fall -- CFO

BMW is optimistic about the Chinese market and plans to kick off the production of fully electric iX3 cars in its plant in northeast China about next fall, Nicolas Peter, chief financial officer (CFO) of BMW AG, told Xinhua in Frankfurt.
Source: Xinhua | 2019/9/12 14:11:57

HK, London markets eye merger

Hong Kong Exchanges and Clearing (HKEX) made an abrupt announcement on Wednesday that it intends to merge with London Stock Exchange Group, a move that could link the financial markets in the mainland, Hong Kong and London more closely, experts said.
Source: Global Times | 2019/9/11 19:47:18

Solar-powered safety

A view of a solar-powered smart lane in North China's Tianjin Municipality on Tuesday. When passengers cross the road, its two sides will turn red and both its ends will turn green, warning vehicles to yield to the pedestrians. Photo: VCG
Source: VCG | 2019/9/11 22:48:40

Cathay Pacific Group sees decline in passengers and cargo

Embattled Cathay Pacific Group saw a decline both in passengers and cargo traffic in August amid the background of the Hong Kong riots, and the group said it will cut capacity for the upcoming winter season.
Source: Global Times | 2019/9/11 22:38:41

Soymeal from Argentina can help ensure livestock feed supply: experts

In an effort to increase the import channels for farm products amid uncertainties in the trade war with the US and ensure livestock feed security, China has allowed imports of soymeal from Argentina for the first time.
Source: Global Times | 2019/9/11 22:38:40

Chinese cities scramble to implement Huawei ecosystem

Local Chinese cities are scrambling to be homes to Huawei's Kunpeng industrial ecosystem, a phenomenon that shows Chinese local governments' eagerness and strong motivation to push economic transformation by ushering in new technologies, experts said.
Source: Global Times | 2019/9/11 21:48:40

Shanghai Disneyland bans watermelons, fermented tofu, but netizens smell a fish

Some netizens suggested that Shanghai Disneyland had missed the crucial point of the handbag-inspection controversy, after it rolled out new regulations on Wednesday forbidding visitors from carrying certain types of food into the amusement park.
Source: Global Times | 2019/9/11 21:43:40

Apple unveils iPhone 11, showing growing awareness of competition from Huawei: analysts

Apple unveiled its new iPhone 11 on Tuesday in California, featuring an A13 Bionic chipset which Apple selectively compared to Huawei's Kirin 980 in performance at the launch event, and analysts said the comparison reflects the US tech giant's awareness of a growing existential crisis.
Source: Global Times | 2019/9/11 21:33:59

Apple unveils iPhone 11, showing awareness of a growing sales crisis and the rise of Huawei: analysts

Apple unveiled its new iPhone 11 on Tuesday in California featuring an A13 Bionic chipset comparable to Huawei's Kirin 980 in performance, and analysts said the comparison reflects the US tech giant's awareness of a growing existential crisis.
Source: Global Times | 2019/9/11 3:46:38

Huawei drops lawsuit against US government as its equipment is returned after two years

Huawei dropped its lawsuit against the US Department of Commerce on Monday. The suit was filed in 2017 over the US government's unjustified detention of the company's telecommunications equipment. The equipment has now been returned to Huawei, two years after its seizure, according to a company statement.
Source: Global Times | 2019/9/11 13:33:18