SOURCE >> Companies

BioNTech to supply 100 million doses of the COVID-19 vaccine for Chinese mainland in 2021: Fosun Pharma

Chinese pharmaceutical company Fosun Pharma, partner of German vaccine producer BioNTech's vaccine BNT162b2 announced on Wednesday it signed supply order with BioNTech Manufacturing, and will supply no less than 100 million doses of COVID-19 vaccine product for Chinese mainland in 2021.
Source: Global Times | 2020/12/16 11:46:19

SMIC halts stock trading after co-CEO reportedly resigns and former TSMC COO is appointed

Mainland chipmaking giant Semiconductor Manufacturing International Corporation (SMIC) halted stock trading on the Hong Kong stock exchange on Wednesday morning after what is deemed as an abrupt senior management change.
Source: Global Times | 2020/12/16 11:23:40

Huawei sponsors 16 Sri Lankan students for training in China

Huawei has launched the fifth edition of its "Seeds for the Future" corporate social responsibility program in Sri Lanka, which will see local students receive training in China, a statement said here Tuesday.
Source: Xinhua | 2020/12/16 10:46:09

JD Finance apologizes for a number of offensive short videos

JD Finance apologized for a number of online short videos which have seriously challenged socie-tal values, resulting in a lot of online criticism, this follows competitor firms including Ant Financial and 360 Finance also releasing poor taste contents designed to drive traffic.
Source: Global Times | 2020/12/16 10:06:11

Prompt, wise regulation needed to curb risks among online giants

Ant Group, one of China's largest online payment platforms, reaffirmed on Monday that it fully agrees with the financial regulators' approach and it will launch comprehensive scrutiny of its business model. The company also pledged to take effective measures to curb debt risks.
Source: Global Times | 2020/12/15 23:42:14

China's mystery box toymaker Pop Mart shares gained after diving amid doubts of future earnings

Chinese mystery box maker Pop Mart saw its share price on Hong Kong stock market dive 7.75 percent on Monday morning with its market capitalization decreasing to HK$87.938 billion ($11.34 billion), following a jump of 100-percent during its IPO debut on Friday.
Source: Global Times | 2020/12/14 13:39:24

Market regulator fines three tech companies for illicit acquisitions

Three Chinese companies, Alibaba Investment Limited, Tencent-backed online literature platform China Literature, and express locker solution provider Shenzhen Hive Box Co. were fined 500,000 yuan ($76,465) apiece for breaching the country's anti-monopoly Law, said a statement by State Administration for Market Regulation on Monday.
Source: Global Times | 2020/12/14 15:03:40

Influential doer in poverty alleviation through healthcare

China has accomplished its poverty alleviation target as scheduled against the backdrop of a gloomy global economy severely hammered by the COVID-19 pandemic. As a multinational pharmaceutical company deeply engaged in the China market for 35 years, Xian Janssen Pharmaceutical Ltd. (Xian Janssen) has participated in the extraordinary process with unremitting endeavor to promote public health.
Source: Global Times | 2020/12/13 21:36:12

Chinese e-commerce platform Hema Fresh launches cross-border shopping

E-commerce platform Hema Fresh, Alibaba's fresh-food chain, has announced a cross-border shopping project that helps Chinese consumers purchase imported goods quickly and easily.
Source: Xinhua | 2020/12/12 8:01:12

Chinese FM accuses US of abusing 'national security' in new moves against Huawei

Chinese Foreign Ministry spokesperson Hua Chunying on Friday accused the US of cracking down on certain Chinese companies by abusing “national security,” responding to the US Federal Communications Commission (FCC)'s latest moves against Huawei and China Telecom.
Source: Global Times | 2020/12/11 17:56:26

Chinese 'mystery box' maker Pop Mart sees shares soar 100% on debut

Chinese "mystery box" maker, Pop Mart, saw its share price pop more than 100 percent on its debut day Friday, after its stocks started floating in the Hong Kong stock market, raising $676 million in its initial public offering (IPO).
Source: Global Times | 2020/12/11 17:11:27

US' renewed move against Huawei signals continuous tech 'decoupling' in Biden era

The US' latest in a series of crackdowns on Chinese telecom companies Huawei, ZTE and China Telecom have little impact on these companies due to their tiny share of revenue in the US market but signal continuous tech 'decoupling' with China in the Biden era, experts said.
Source: Global Times | 2020/12/11 15:38:40

US coercing other countries to join 'Clean Network' is dirty business: FM

Officials from the Trump administration have lobbied all around the world, coercing or luring other countries to shun Chinese high-tech firm Huawei's 5G, and to join US' so-called “Clean Network” scheme, which is actually very dirty, said China's Foreign Ministry on Thursday.
Source: Global Times | 2020/12/10 19:38:25

Rumor of Japanese companies line up to withdraw from China is not true: MOFCOM

Spokesperson of China's Ministry of Commerce Gao Feng said on the regular press conference on Thursday that the rumor of a large number of Japanese companies is lining up to withdraw from the Chinese market is "totally unfounded."
Source: Global Times | 2020/12/10 16:08:40

Huawei aims to forge complete microchip industry chain

Chinese technology giant Huawei plans to phase in a complete microchip industry chain using own technology and investment, facing a US supply cut-off and a possible worst-case scenario if its chips run out, but the process will take some time, observers said.
Source: Global Times | 2020/12/9 21:09:12

Chinese investors claim $3.5b compensation from Ukraine over Motor Sich deal

After experiencing what they said was continuous obstruction by Ukrainian authorities on a purchase proposal, Chinese investors in engine maker Motor Sich have sought international arbitration against Ukraine with a demand for compensation of $3.5 billion, under an intergovernmental agreement on mutual protection of investments.
Source: Global Times | 2020/12/9 20:38:40

Ranks of Apple suppliers surge in mainland

The number of Chinese suppliers for Apple surged from almost none 10 years ago to dozens in the present day, driven by the rapid development of China's mobile phone terminal market, and this trend can't be reversed even by a US crackdown, industry observers said.
Source: Global Times | 2020/12/9 20:23:40

Great Wall Cigars (Vega Pyramid) Selected in the Top 10 Best Cigars of the Winter Edition of Cigar Journal

On December 6, 2020, the Great Wall Cigar Factory reported that the Great Wall (Vega Pyramid) had been selected as one of the top 10 cigars in the winter edition of Cigar Journal with a blind rating of 92 points, which has been published in the Cigar Journal of December.
Source: Global Times | 2020/12/9 20:16:03