BUSINESS >> Companies

Chinese social e-commerce site Xiaohongshu pulled from major Android stores

Chinese social e-commerce platform Xiaohongshu (Red) said that it is now communicating with relevant departments to reach a solution after its app was found to have been removed from Android app stores.
Source: Global Times | 2019/7/30 19:35:12

Huawei reports strong H1 performance

Chinese technology giant Huawei Technologies reported an amazingly rosy financial performance for the first half year of 2019, despite facing harsh sanctions from the Trump administration to destroy the global 5G leader.
Source: Global Times | 2019/7/30 17:01:03

Huawei's revenue exceeds 400 bln yuan in H1

Chinese tech giant Huawei's sales revenue rose 23.2 percent year on year to 401.3 billion yuan (about 58.3 billion US dollars) in the first half of 2019, according to the company's semiannual report released on Tuesday.
Source: Xinhua | 2019/7/30 15:34:45

Tencent and Qualcomm to cooperate on 5G gaming devices

Tencent and Qualcomm will cooperate on several projects including the development of 5G gaming devices, and the optimization of Tencent games on Qualcomm-supported devices, according to a statement released by Qualcomm on Monday.
Source: Global Times | 2019/7/30 14:26:07

Tesla expected to pay $324 million tax to China yearly from late 2023

Tesla was confident about reaching the tax revenue target it had set for the Shanghai Gigafactory 3, the US car giant disclosed in a filing.
Source: Global Times | 2019/7/30 14:21:38

Imports on show

Imported goods from a dozen countries like Japan, Spain, Canada and the UK are showcased at the Hongqiao Import Commodity Exhibition and Trade Center in East China's Shanghai Municipality on Sunday.
Source: Global Times | 2019/7/29 21:18:40

Huawei's H1 revenue expects to jump about 30%: analysts

Chinese technology giant Huawei is scheduled to release its first-half financial statements on Tuesday, and both domestic and foreign analysts have estimated a 30 percent increase in revenue though US government has placed the company on a blacklist.
Source: Global Times | 2019/7/29 21:16:33

Tesla brings limited opportunities to car parts producers

Mass production of the Tesla Model 3 in Shanghai will offer opportunities to China's auto parts manufacturers, including expanding Tesla's supply contracts with the carmaker's existing Chinese suppliers or finding new local partners, but the effects won't be strong, experts said.
Source: Global Times | 2019/7/29 21:16:26

Thai conglomerate bullish on China's expanding market

Thai conglomerate Charoen Pokphand (CP) Group is upbeat about the Chinese economy as the country is transforming from a global manufacturing hub into the world's biggest market, said Group Senior Vice Chairman Yang Xiaoping.
Source: Global Times - Xinhua | 2019/7/29 21:08:40

SE Asia start-ups lure Chinese VC

Chinese venture capital (VC) funds are focusing on Southeast Asian markets, with investment in start-ups in the region up 350 percent year-on-year in the first half of 2019. Chinese funds invested $667 million in Southeast Asian start-ups in the first half, the China Fund newspaper reported on Monday.
Source: Global Times | 2019/7/29 20:58:40

Priority is for HK to maintain sound business climate

Social unrest in Hong Kong has had a negative impact on its international image and it is a priority for the global financial hub to maintain a sound business environment to prevent the local finance industry from facing more risks given the complicated global economic climate, a Chinese official said on Monday.
Source: Global Times | 2019/7/29 20:53:40

H1 steel output growth driven by market demand: industry body

China's steel output maintained stable growth in the first half, driven by rising market demand, an industry body said on Monday. An expert noted that despite pressure persisting in supply and demand in the domestic sector, prospects are sound thanks to the government's efforts to ensure market stability and promote the systemic improvement of production capacity.
Source: Global Times | 2019/7/29 20:48:40

China's server makers race to adapt to changing sector

With the development of newly emerging technologies like 5G, big data and the Internet of Things (IoT), the traditional server industry will encounter disruptions while providing opportunities for domestic server makers and cloud computing providers, industry analysts said.
Source: Global Times | 2019/7/29 20:48:39

Record span

A bridge seen under construction on Monday will link Shanghai with Nantong, East China's Jiangsu Province. The 11-kilometer Shanghai-Nantong Yangtze River will be the world's largest road and rail cable-stayed bridge in terms of arch span. Photo: VCG
Source: VCG | 2019/7/29 19:33:40

Huawei launches Kunpeng industrial ecosystem base in Xiamen

Chinese technology giant Huawei launched Kunpeng industrial ecosystem base and supercomputing center in Xiamen, Southeast China's Fujian Province, which will provide computing services for local governments and major local state-owned enterprises using Huawei chips and operating systems.
Source: Global Times | 2019/7/29 16:48:39

Driving lesson

Customs officials inspect hundreds of school buses at a port in Qingdao, East China's Shandong Province on Saturday. The buses, made by a Chinese company, will be shipped to Saudi Arabia after customs registration. China has seen a rapid increase in school bus orders from countries and regions along the routes of the Belt and Road Initiative in recent years. Photo: VCG
Source: VCG | 2019/7/28 21:11:42

Purchase of US farm goods shows China's efforts to address trade issues, create positive climate for talks: experts

China has re-started buying US agricultural products including millions of tons of soybeans, Chinese media reported on Sunday, a move analysts said would send a sound signal to the US side and create an optimistic atmosphere for the upcoming trade talks in Shanghai.
Source: Global Times | 2019/7/28 20:39:42

Flex faces difficult time for feuding with Huawei

US original equipment manufacturer (OEM) Flex Ltd, once Huawei's major smartphone assembler, had to stop production in its Changsha factory in Central China's Hunan Province, after the Chinese telecom giant removed it from its supply chain, domestic news site thepaper.cn reported.
Source: Global Times | 2019/7/28 20:35:03