SOURCE >> Companies

Trump's request for cut from TikTok deal 'unprofessional,' threatens US business environment

Trump said on Monday that TikTok would be banned in the US unless it is bought by Microsoft or another company by September 15, and suggested the US Treasury should get a cut from the deal. Although it is unclear what amount Trump is referring to, his statement is a clear departure from market principles and a threat to the US business environment, an expert said.
Source: Global Times | 2020/8/4 11:58:40

Zuckerberg under attack for showing true face of US capitalism

Chinese netizens said they won't ever again believe Mark Zuckerberg after the founder and CEO of Facebook, who once had a huge number of fans in China for his deep attachment to Chinese culture, became an aggressive promoter of TikTok's demise in the US.
Source: Global Times | 2020/8/4 2:37:21

Video conference app Zoom distances itself from China amid US crackdown on TikTok

California-based Zoom Video Communications said it will shift to a partner-only model in Chinese mainland from August 23, as the US crackdown on TikTok continued to grab headlines on Monday.
Source: Global Times | 2020/8/4 1:54:59

ByteDance blasts 'copying and smearing' from Facebook

ByteDance said it is facing “complex and unimaginable difficulties” in the process of becoming an international company, including international political tension, cultural clashes and “copying and slandering” from its competitor Facebook, according to a company statement issued in the early hours of Monday.
Source: Global Times | 2020/8/3 10:45:34

ByteDance plans to build a global TikTok office in London

ByteDance said that they are looking to set up TikTok headquarters outside the US, after media reported that the British government has given the "green light" for the Beijing-based internet firm to set up its headquarters in London, and that ministers had expressed support with the plan.
Source: Global Times | 2020/8/3 20:43:41

China aims to make BeiDou application best among peers

China aims to make the application of Beidou Satellite Navigation System (BDS) the best among all other navigations, and be more inclusive to provide value-added services including short messaging, satellite based augmentation and international research-and-rescue services, the spokesperson of BDS and director general of China Satellite Navigation Office Ran Chengqi said Monday.
Source: Global Times | 2020/8/3 19:38:40

Microsoft well circles TikTok buyout amid US crackdown: analysts

Chinese short-video app TikTok is likely to be acquired by US tech giant Microsoft rather than being banned in the US, a move which might weaken the competitiveness of the phenomenal internet product, Chinese analysts said.
Source: Global Times | 2020/8/3 19:28:40

Apple takes down more than 30,000 Chinese apps

Apple removed thousands of applications from the Apple Store in China on Saturday, according to data recorded by Chinese data platform
Source: Global Times | 2020/8/2 19:38:40

TikTok US says it's 'not going anywhere' in face of pending US ban

"We're not going anywhere", Vanessa Pappas, general director of TikTok US, said in a video posted to twitter on Saturday, as uncertainties loom over the app's future, including a threat made on Friday by the US President Donald Trump to ban TikTok in the US.
Source: Global Times | 2020/8/2 10:37:04

Huawei overtakes Samsung in global smartphone shipments in Q2: report

Huawei overtook Samsung in global smartphone shipments in the second quarter of 2020, marking the first time in nine years that a company other than Samsung or Apple has led the market, according to the latest report from global technology market analyst firm Canalys.
Source: Xinhua | 2020/8/1 19:54:26

Chinese regulators to impose administrative penalties on Luckin Coffee, related firms

Chinese regulators said on Friday that they will impose administrative penalties on Luckin Coffee as well as its related firms that helped with fabricating accounts and false advertising, less than a month after the scandal-hit company was delisted from Nasdaq due to accounting fraud.
Source: Global Times | 2020/7/31 23:08:53

Singapore Exchange to attract more Chinese tech firms to get listed

Singapore Exchange (SGX) said it aims to attract more Chinese technology firms to get listed by supporting the investment and financing needs of Chinese companies, which shows its ambitions to boost Singapore's position in Southeast Asian capital markets.
Source: Global Times | 2020/7/31 20:43:40

China and Singapore to strengthen anti-epidemic cooperation

Chinese Vice Premier Han Zheng held a phone call with Singapore Deputy Prime Minister Heng Swee Keat on Friday, during which both sides reached a new consensus on anti-epidemic cooperation, bilateral relations and other issues of mutual concern, Xinhua News Agency reported.
Source: Global Times | 2020/7/31 19:58:40

New integrated circuit degree to be designated first-level discipline at Chinese universities

The academic degree committee under the State Council, China's cabinet, has voted through a proposal to establish an integrated circuit (IC) university program, which will be designated a first-level discipline, in a move which industry observers said represents the country's latest effort to nurture homegrown talent in the semiconductor industry amid a US-led crackdown on China's tech rise.
Source: Global Times | 2020/7/31 15:44:04

China cracks down digital currency-based transnational internet pyramid scheme involving $5.73 billion

China's Ministry of Public Security (MPS) recently announced it has cracked down a transnational internet pyramid scheme involving transactions of digital currencies such as bitcoin. It is the first known scheme of its kind and involved over 40 billion yuan ($5.73 billion) in digital currencies.
Source: Global Times | 2020/7/31 12:32:36

Nations should resist discrimination based on country of origin as they resist racial discrimination: Chinese FM

China hopes every country can maintain a fair, justice and open business environment and resist discrimination based on country of origin just as they resist racial discrimination, China's Foreign Ministry said, in response to the top US diplomat in Brazil's threat that the Latin American country could face consequences if it allows Huawei to participate in the country's 5G network.
Source: Global Times | 2020/7/30 17:25:52

ARJ21 aircraft test proves high-plateau airport capability

An ARJ21 jet completed an extended test flight at Daocheng Yading Airport in Southwest China's Sichuan Province, the world's highest civil airport at an altitude of 4,411 meters, and returned to Shanghai, the aircraft's manufacturer said on Thursday.
Source: Global Times | 2020/7/30 16:02:05

Huawei unseats Samsung to become top global smartphone vendor in Q2

Chinese tech giant Huawei in the second quarter unseated Samsung to become the top smartphone vendor globally for the first time, industry data showed on Thursday, despite a US-led suppression on the firm at the center of a China-US tech decoupling.
Source: Global Times | 2020/7/30 15:11:17