BUSINESS >> Companies

Hong Kong catering group Maxim's wins respect in Chinese mainland, in sharp contrast with Taipan

Hong Kong-based restaurant chain Maxim's Caterers and its leader's firm patriotic stance have been drawing rising support in the Chinese mainland, which derived a striking contrast with another Hong Kong bakery Taipan Bread & Cakes which faced a boycott due to its board member's pro-riot stance.
Source: Global Times | 2019/9/8 17:28:40

Chinese brand "Xiaomi" sells over 100 million smartphones in India in 5 years

China's mobile handset brand "Xiaomi" has become the first brand in India to sell more than 100 million smartphones within a span of five years, since it began operations here in 2014, company sources announced Friday.
Source: Xinhua | 2019/9/7 8:16:11

Restaurant chain Maxim's draws mainland public's favor over Hong Kong stance

Chinese netizens expressed their support for Hong Kong-based restaurant chain Maxim's Caterers, as the company does not lack "conscience" on standing with the "one country, two systems" principle.
Source: Global Times | 2019/9/6 21:28:40

Huawei unveils 'revolutionary' 5G chipset amid US pressure

Chinese tech giant Huawei unveiled its latest high-end system-on-chip (SoC) 5G chipset, Kirin 990, on Friday in Beijing, which the company calls a new breakthrough amid the ongoing US crackdown.
Source: Global Times | 2019/9/6 18:33:40

Global car brands launch greener, smarter models at Chengdu auto show

Domestic automakers are racing to launch smarter cars to embrace the upcoming era of the Internet of Things (IoT) and 5G, while many foreign car brands are promoting more new-energy vehicles (NEV), at the largest auto exhibition in western China.
Source: Global Times | 2019/9/5 21:08:41

Pro-riot companies draw rising fire, leading to boycotts among mainland consumers

Companies that are suspected of supporting radical Hong Kong protesters are facing a strong backlash in the form of declining stock prices and continued boycotts launched by mainland internet users.
Source: Global Times | 2019/9/5 20:58:40

Chinese motorcycle maker CFMoto roars into Israeli market

China's CFMoto motorcycles have started to be sold in Israel, the Israeli vehicle import company Ofer Avnir announced on Tuesday.
Source: Xinhua-Global Times | 2019/9/5 20:28:40

HK bakery's moon cakes may be destroyed due to boycott

Hong Kong-based bakery Taipan Bread & Cakes is facing a boycott in the Chinese mainland due to its board member's pro-riot online posts. Distributors in the Chinese mainland said on Thursday that all related products have been removed from shelves and will be returned to the company's mainland general agency, which may have no option but to destroy them.
Source: Global Times | 2019/9/5 11:53:23

China's Instagram-like social networking app removed from app store over suspected design copy

Oasis, an Instagram-like social networking app launched by China's Twitter-like Sina Weibo, was removed from app stores on Wednesday after being found to have similar visual designs as posts created by a South Korean design studio.
Source: Global Times | 2019/9/4 22:02:57

FedEx faces backlash in China

FedEx has vowed to handle a problematic shipment correctly, after it allegedly violated Chinese postal delivery rules, but the US delivery firm has sparked outrage across the internet, as many web users urged an explicit explanation and strict rectification.
Source: Global Times | 2019/9/4 21:58:40

Chair of Cathay Pacific to retire after staff involvement in protests

Embattled Cathay Pacific Airways said on Wednesday that Chairman John Slosar will retire soon, against the background of some of its staff having been involved in recent disturbances in Hong Kong.
Source: Global Times | 2019/9/4 21:53:41

Costco still on hot streak after raising price

One week after the opening of the US supermarket Costco in the Chinese mainland that caused a Black Friday-like sensation in Shanghai, the Global Times visited the Shanghai Costco again and found that its hot streak continues.
Source: Global Times | 2019/9/4 19:58:41

FedEx draws fire for delivering knives to Hong Kong, vowing to handle shipments properly

US courier firm FedEx said on Wednesday one of its shipments containing knives that are under trade control was "handled correctly", in line with the company's process and procedures.
Source: Global Times | 2019/9/4 14:18:38

US desperately building allies against Huawei: analysts

Huawei is confident in thriving in Europe - its major market outside China - in spite of US pressure, as the latest attempt of Washington in excluding the Chinese company from the 5G roll-out in Poland would end in vain, as the consensus has been formed in the telecom industry that the risks of Huawei are not perceived, industry insiders said.
Source: Global Times | 2019/9/3 23:08:40

FedEx probed for HK parcel as unrest continues

US delivery company FedEx allegedly handled a package that contained controlled knives that was bound for Hong Kong, once again violating Chinese law while it is still under former investigation for gun delivery in China and "misrouting" Huawei's parcels.
Source: Global Times | 2019/9/3 22:33:41

HSBC should not play more underhand tricks against China after Huawei case: experts

HSBC, which was entangled in helping US arrest Huawei's Chief Financial Officer Meng Wanzhou, is attaching importance to the growth of the Guangdong-Hong Kong-Macao Greater Bay Area that offers ample financial services opportunities, but experts warned that if the UK-based bank hopes to further expand in the Chinese market, it should not play more underhanded tricks against China.
Source: Global Times | 2019/9/3 22:23:40

Huawei accuses US govt 'using every tool' to disrupt firm's business

Huawei has rebutted allegations of its smartphone-camera patent theft, providing detailed documents in support of its stance while criticizing the US government to use its political and law enforcement means to disturb Huawei's business.
Source: Global Times | 2019/9/3 20:33:40

Tesla involved in tax refund row, risks losing trust

Tesla Inc is mired in a tax refund row that may make it lose Chinese consumers' trust, and its attempt to detach itself from the row doesn't appear to be well accepted.
Source: Global Times | 2019/9/3 20:28:42