SOURCE >> Companies

Novel pneumonia outbreak in China lifts health stocks

Chinese stocks related to drugmakers and face masks rallied on Monday following the latest official report concerning the country's new strain of pneumonia.
Source: Global Times | 2020/1/20 21:58:40

Blocking Huawei will harm China-UK relations: ambassador

Refusing Huawei will severely harm China-UK relations and undermine Chinese companies' confidence in the British investment environment, Chinese Ambassador to the UK Liu Xiaoming told the Global Times on Monday.
Source: Globaltimes.cn | 2020/1/20 21:21:21

Chinese firms increase footprints at World Economic Forum

Chinese companies, which have been increasing their footprints on the world stage during recent years, will take an active part in the 50th World Economic Forum (WEF) Annual Meeting held in Davos, Switzerland this week. They're also eager to exchange ideas and experience in areas including artificial intelligence (AI), big data and pharmaceuticals, business representatives said.
Source: Global Times | 2020/1/20 19:08:40

Tesla to drive up competition in China's NEV sector: official

US new energy vehicle (NEV) maker Tesla's full-swing operation in China will be an opportunity for the domestic NEV industry in the long term, a Chinese official said. The comments came in response to Tesla's reported plan to further cut the prices of its Shanghai-made Model 3 next year, which could place massive pressure on domestic rivals.
Source: Global Times | 2020/1/20 15:18:40

Palace Museum faces challenge on IP revenue stream

As Beijing's Palace Museum continues to receive criticism for "abuse of privileges" incident after two women drove into its restricted courtyard, questions have surfaced whether it would continue to cash on its Intellectual property (IP) -driven success.
Source: Globaltimes.cn | 2020/1/20 1:44:01

Around the world

China's ZTE and MTN Uganda on Friday started 5G technology trials to be the first to bring the standalone 5G network to reality in east Africa.
Source: Xinhua-Global Times | 2020/1/19 21:43:40

Tesla's mainland map service provider switched to Baidu

US electric vehicle company Tesla has switched its provider of map data services in the Chinese mainland to Baidu, the Chinese internet company that has led the nation's self-driving push, said in a statement sent to the Global Times on Sunday.
Source: Global Times | 2020/1/19 21:38:40

Alibaba, Tencent to hit $1t market caps within next few years: experts

Experts expect that certain Chinese technology giants, mainly Alibaba and perhaps Tencent, will become members of the $1 trillion market capitalization club within next few years.
Source: Global Times | 2020/1/19 21:33:41

Chinese-made trolleybuses advance Mexico City's e-mobility

Mexico City has added a fleet of 63 Chinese-made electric trolleybuses to its public transportation system, taking one more step towards electromobility.
Source: Xinhua | 2020/1/19 10:54:54

Shanghai-built Tesla popular in China after new tax break

Tesla stores across Shanghai have been crowded with customers after a new tax break earlier this month, with most orders coming for the most affordable electric vehicle, the Model 3 sedan built at the city's Gigafactory.
Source: Xinhua | 2020/1/19 8:18:20

Huawei launches new-generation 5G smartphone in Kuwait

Huawei launches new-generation 5G smartphone in Kuwait
Source: Xinhua | 2020/1/17 11:18:15

Visa agrees to pay $5.3b to acquire fintech start-up Plaid

Visa Inc said on Monday it agreed to buy privately held software start-up Plaid Inc in a $5.3 billion deal that will boost the payments giant's access to the booming financial technology space.
Source: Reuters-Global Times | 2020/1/16 21:18:40

Banks lobby Aramco for incentive

Global banks that worked on Saudi Aramco's record IPO are pushing for an additional “incentive fee”, three sources familiar with the matter said, as they try to boost relatively low earnings from the deal.
Source: Reuters-Global Times | 2020/1/16 21:03:40

Figuratively Speaking

Shipments of Huawei's smartphones in 2019, with surges of more than 50 percent year-on-year for its Mate and P series, said Huawei's Weibo account.
Source: Global Times | 2020/1/16 20:43:40

High-speed railway's IPO marks deepening of industry reform: expert

Beijing-Shanghai High-Speed Railway Co (BSHSR) made its debut on Thursday on the Shanghai Stock Exchange, where it closed after surging nearly 40 percent, marking a bullish start to the company's listing.
Source: Global Times | 2020/1/16 20:03:40

Around the world

Chinese bio-technology company WuXi Biologics announced an acquisition agreement on Thursday to take over the operations of one of global healthcare giant Bayer's final drug product manufacturing plants in Leverkusen, Germany, said WuXi Biologics in a statement.
Source: Global Times | 2020/1/16 19:53:40

Technology gets scant mention in trade deal, but slight easing seen

Technological cooperation is merely a tiny portion of the phase one trade deal between the world's top two economies, according to the agreement text. While clues remain elusive about whether the deal would ease concerns over a “decoupling” in the technology world, the Chinese technology community is looking forward to a more cooperative relationship.
Source: Global Times | 2020/1/16 19:43:40

ZTE to raise $1.7b to boost R&D, raise global market share

Chinese telecom equipment producer ZTE Corp will raise 11.5 billion yuan ($1.7 billion) through a private share placement to finance 5G technology research and development (R&D) and increase working capital, according to a company notice on Thursday.
Source: Global Times | 2020/1/16 19:28:40