BUSINESS >> Companies

Xunlei dispute over logo authorization deepens

Xunlei Networking Technologies Co, a large online video company in China, said on Tuesday that some financial businesses using the Xunlei logo are not controlled or operated by Xunlei, and it is withdrawing the logo authorization to protect its users and investors.
Source: Global Times | 2017/11/28 22:18:39

Moutai's 6,600 ton project

Distiller Kweichow Moutai Group will launch a new project with annual output of 6,600 tons of Moutai liquor in 2018 to meet rising domestic and foreign demand. It plans to produce 136,000 tons of alcoholic beverages in 2023, including 56,000 tons of Moutai liquor.
Source: Global Times - Xinhua | 2017/11/28 21:08:39

Hualong One's new component

A research unit of China National Nuclear Corp (CNNC) has delivered the latest domestically developed electrical penetration assembly, a key component of the Hualong One nuclear reactor, to the project in Fuqing, East China Fujian Province, the company said on Tuesday.
Source: Global Times - Xinhua | 2017/11/28 21:03:40

Carmakers work with iFlytek

Chinese voice recognition services provider iFlytek said it is working with domestic and foreign carmakers in voice control technologies, financial news site cnstock.com reported on Tuesday.
Source: Global Times - Xinhua | 2017/11/28 21:03:39

CMEC signs $33m solar deal in Malaysia

China Machinery Engineering Corp (CMEC) has been awarded a $33 million contract to supply material and equipment for a solar farm project in Malaysia.
Source: Global Times - Xinhua | 2017/11/28 20:58:40

CEFC China Energy to buy Portuguese insurer

Shanghai-based CEFC China Energy Co signed an agreement on Monday with Montepio, the largest savings and pension fund manager in Portugal, to acquire Montepio Seguros, an insurer under Montepio, by way of a capital increase, the Economic Information Daily newspaper reported on Tuesday. The deal still requires the approval of shareholders and Portuguese regulators, said the report.
Source: Global Times - Xinhua | 2017/11/28 20:58:40

JD.com, Alibaba taking PR 'attacks' battle to court

E-commerce rivals Alibaba Group and JD.com Inc plan to file lawsuits to protect their interests as they trade claims of being under organized public relations attacks instigated by the other party, according to media reports on Tuesday.
Source: Global Times | 2017/11/28 20:58:40

Parking lot operator Sunsea raises $227m

Sunsea Parking Industry Group, China's leading car park management company, announced on Tuesday that it raised 1.5 billion yuan ($227.2 million) in its latest round of financing.
Source: Global Times | 2017/11/28 20:58:39

Moody's Analytics 'works closely' with US officials on probe of alleged hack

Moody's Analytics worked closely with US law enforcement authorities during an investigation involving alleged hacking, and no confidential customer data or other personal employee information was leaked, the company said in a statement sent to the Global Times on Tuesday.
Source: Global Times | 2017/11/28 20:53:40

New energy group to boost industrial synergy

The nation's new energy behemoth China Energy Investment Corp (CEIC), officially inaugurated on Tuesday, is set to boost synergy between the coal and electricity sectors in terms of efficiency, industry sources said.
Source: Global Times | 2017/11/28 20:53:39

China creates 270-billion-USD energy conglomerate by SOE merger

Two Chinese state-owned enterprises (SOEs) have merged into an energy conglomerate with total assets worth 1.8 trillion yuan (272.96 billion US dollars).
Source: Xinhua | 2017/11/28 17:33:53

Project of 6,600 tonnes of Moutai liquor to be launched in 2018

Chinese liquor producer Kweichow Moutai Group will launch a new project with the output of 6,600 tonnes of Moutai liquor in 2018 to meet rising demand from home and abroad.
Source: Xinhua | 2017/11/28 16:26:02

US firms urge communication regulator to drop plan to end net neutrality

More than 200 companies including California-based Twitter, Reddit, Square and Airbnb are urging US Federal Communications Commission (FCC) Chairman Ajit Pai to reconsider his plan to end net neutrality, which they claimed would ensure equal treatment of online traffic, media reports said Monday.
Source: Xinhua | 2017/11/28 16:01:27

US media giant Time Inc. to be acquired by Meredith Corporation

US media corporation Time Inc. is selling itself for nearly 3 billion US dollars to media conglomerate Meredith Corporation.
Source: Xinhua | 2017/11/28 16:00:56

Facebook uses AI technology to help prevent users' suicide attempt

US hi-tech giant Facebook said Monday it is using artificial intelligence (AI) technology, including pattern recognition, to detect whether someone is expressing thoughts of suicide in a post or live video.
Source: Xinhua | 2017/11/28 15:30:29

Belarusian president ready to support China's Midea Group's new projects

Belarusian President Alexander Lukashenko expressed his readiness to support new joint projects with China's Midea Group.
Source: Xinhua | 2017/11/28 8:52:20

Chinese phone maker targets Kenya's premium consumer market

Chinese phone maker OPPO plans to target Kenya's high-end consumer market by introducing cost-effective smartphones, the company said on Monday.
Source: Xinhua | 2017/11/28 8:35:30

Report hails CEOs' importance

CEOs are a critical factor for banks during the process of upgrading themselves, said a report released by consulting firm McKinsey & Co on Monday.
Source: Global Times – Reuters | 2017/11/27 22:28:40