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Cooperation between Qualcomm, Honor is possible: analyst

With US chipset giant Qualcomm unveiling its most advanced mobile platform, there's increasing attention as to whether Honor, the recently divested smartphone sub-brand of Huawei, can secure supplies from Qualcomm.
Source: Global Times | 2020/12/2 19:21:56

Consular general visits Meng Wanzhou, urging her to keep good spirit

Officials from China's Consulate General in Vancouver, Canada, paid a visit to Huawei CFO Meng Wanzhou at her residence and expressed empathy to her on Tuesday -- marking two years that she has been detained by Canadian authorities.
Source: Global Times | 2020/12/2 18:03:41

Pfizer, BioNTech seek EU approval for COVID-19 vaccines

Pharmaceutical firms Pfizer and BioNTech, as well as their competitor Moderna, have filed applications for approval of their COVID-19 vaccines, the European Medicines Agency (EMA) said on Tuesday.
Source: Xinhua | 2020/12/2 14:21:34

China outnumbers US in unicorn companies with $737.7 billion valuation

China is now home to the world's largest number of unicorns, with 217 companies with a collective value of $737.7 billion, outnumbering US' 192 unicorns valued at $805.1 billion, according to the latest global unicorns Top 500 list.
Source: Global Times | 2020/12/2 11:51:33

Nike's new commercial sparks criticism of Japan for 'racial intolerance'

Nike Japan recently launched a new commercial as part of the company's You Can't Stop Us campaign that aims to promote good sportsmanship. The new commercial, however, has been the target of harsh criticism from some Japanese who claim that it contains content that hints at racial discrimination in Japanese society.
Source: Global Times | 2020/12/2 3:01:43

NetEase launches next-gen translation pen using 'world's first' super-sensing optical system

Youdao, an online education subsidiary of China's internet giant NetEase, has launched the third version of its Translation Pen on Tuesday. The NetEase Youdao Dictionary Pen 3.0, is aimed at China's rapidly growing online education industry.
Source: Global Times | 2020/12/1 23:42:06

US sanctions on Chinese firm 'long-arm jurisdiction'

US sanctions on China National Electronics Import & Export Corp (CEIEC) for allegedly “supporting Venezuelan President Nicolas Maduro's efforts to undermine democracy” represent the suppression of Chinese companies under false pretenses, and the move is a typical instance of long-arm jurisdiction on China's mutually beneficial cooperation with Venezuela, experts said.
Source: Global Times | 2020/12/1 19:18:40

China-Laos joint venture oil refinery set to kick off production

China and Laos have jointly developed an annual 3-million-ton oil refining project backed by $2 billion investment, filling a gap in the Laos petrochemical sector, according to media reports.
Source: Global Times | 2020/12/1 16:38:40

Apple fined 10 mln euros in Italy over misleading practices

Smartphone maker Apple was fined 10 million euros (12 million U.S. dollars) in Italy for misleading advertising and commercial practices, the Italian Competition Authority (AGCM) said on Monday.
Source: Xinhua | 2020/12/1 11:30:24

SK Hynix Chongqing staff test negative for COVID-19, set to resume operation under strict prevention measures

All staff at SK Hynix's Chongqing plant have tested negative for COVID-19 allowing operations to resume under strict prevention measures, the company said in a statement on Monday.
Source: Global Times | 2020/12/1 10:16:29

Ant Group may not revive IPO until 2022: report

With the regulatory authorities remaking rules governing China's fintech sector, Ant Group's suspended stock listing may not be revived until 2022, Bloomberg reported on Monday, citing unidentified regulatory officials familiar with the matter.
Source: Global Times | 2020/12/1 0:05:35

Cruises to resume in South China Sea after long hiatus amid pandemic

The cruise industry in China is coming back to life as routes to the Xisha Islands in the South China Sea will resume in December on a trial basis, following an 11-month suspension due to the COVID-19 epidemic, but the process should go cautiously and slowly, experts said.
Source: Global Times | 2020/11/30 20:48:40

China fulfills customs protocols for phase one trade deal

China has fulfilled its commitment under the phase one trade agreement with the US to carry out dozens of quarantine protocols that pave the way for expanding imports of US animal and plant products, a customs official said on Monday, in what experts call the latest signal of China's commitment to implement the deal beyond the upcoming US power transition.
Source: Global Times | 2020/11/30 20:39:49

SE Asia attracts Chinese VC attention as India loses allure

More Chinese venture capital (VC) firms and technology companies are shifting focus from the once-valuable Indian market, where uncertainty is rising, to emerging markets in Southeast Asia.
Source: Global Times | 2020/11/30 19:28:40

Limited impact likely as COVID-19 case halts SK Hynix's Chongqing facility

Southwest China's Chongqing Municipality, the world's No.1 production base for laptops, is expected to see limited damage to its memory chip supply chain after a COVID-19 case caused a plant owned by South Korea's semiconductor giant SK Hynix to temporarily halt production, with emergency testing of over 3,200 people. However, there might be some minor price spikes, analysts pointed out.
Source: Global Times | 2020/11/29 21:45:39

China continues to lead global new-energy sector with 207 companies in top 500

A total of 207 Chinese companies made the list of 2020 global top 500 new-energy enterprises this year, outnumbering the US' 69 companies in the second spot, and Japan's 54 companies in third, according to a report released by the China Energy Economy Research Institute at the 2020 Global Top 500 New-Energy Enterprises Summit on Friday.
Source: Global Times | 2020/11/28 3:11:44

China will carry out cooperation with Venezuela even if the situation changes: FM

China will carry out cooperation with Venezuela even if the situation changes, and such cooperation is based on mutual benefit, equal footing and commercial principles, and is in line with relevant laws, China's Foreign Ministry spokesperson Zhao Lijian said at a regular press briefing in Beijing on Friday.
Source: Global Times | 2020/11/27 17:43:40

Huawei founder Ren Zhengfei encourages sub-brand Honor to exceed Huawei

Founder and CEO of Huawei Ren Zhengfei said on Wednesday that its sub-brand Honor, which it recently sold is expected to resume production soon and encouraged Honor employees to surpass Huawei.
Source: Global Times | 2020/11/26 22:29:56