SOURCE >> Companies

Alibaba pledges to actively learn and respond to govt policies, rules to build a healthier platform economy

Alibaba pledged to actively learn and respond to govt policies and rules on platform economy at World Internet Conference in Wuzhen
Source: | 2020/11/23 11:30:11

Chinese private satellite firm Galaxy Space attracts new funds

Chinese satellite company Galaxy Space has completed a new round of fund-raising that could push its market value to almost 8 billion yuan ($1.22 billion), making it the first unicorn enterprise in China's commercial space and satellite internet industry.
Source: Global Times | 2020/11/19 18:36:02

40 more multinational firms set up regional HQs and R&D centers in Shanghai

A certification ceremony for 40 multinational companies was held in Shanghai on Thursday, marking their move to set up regional headquarters and research centers in the city following Shanghai's firm determination to further open up for a high-quality economy.
Source: Global Times | 2020/11/19 17:26:54

China to follow own rules on clearing Boeing 737 MAX to fly again

China will follow its previously set rules after the US Federal Aviation Administration (FAA) cleared the return to service of Boeing's 737 MAX jet, the Civil Aviation Administration of China (CAAC) told the Global Times Wednesday night.
Source: Global Times | 2020/11/19 17:23:40

Apple announces small business program slashing commission from small app developers

Apple on Wednesday announced a new App Store Small Business Program to provide the developers a reduced 15 percent commission if they sell no more than one million U.S. dollars on the App Store during the previous calendar year.
Source: Xinhua | 2020/11/19 14:37:53

China strongly condemns Canada's motion to pressure on Huawei's 5G building: embassy

China has expressed serious concern and strongly condemns a motion passed by Canadian Parliament to insist the government take a harder line against the so-called “national security threats” from China and Chinese telecom firm Huawei, according to a statement by the spokesperson of the Chinese embassy in Canada.
Source: Global Times | 2020/11/19 13:58:47

China sticks to own rules regarding Boeing 737 Max back to service: Regulator

China will stick to its previously-set rules after the US Federal Aviation Administration (FAA) approved Boeing to fly the once-problematic 737 MAX jet again, the Civil Aviation Administration of China (CAAC) told the Global Times on Wednesday.
Source: Global Times | 2020/11/18 22:01:16

Orders surge for medical-use freezers

Chinese cold-chain freezer makers are busy with orders and inquiries, and some of the orders from countries like the US won't be filled until next year, industry insiders say. Media have reported a shortage of cold-chain equipment supplies in the US after the makers of new COVID-19 vaccines announced special requirements for storage and transportation.
Source: Global Times | 2020/11/18 21:48:41

Chinese firm pushes for automation at global ports

As COVID-19 continues to spread across the world, it has profoundly disrupted not just trade volumes, but port operations. However, for Chinese port equipment maker Shanghai Zhenhua Heavy Industries Co (ZPMC), the difficulties also present an opportunity to push for automation at ports around the world.
Source: Global Times | 2020/11/18 18:52:49

Controversial Wuhan semiconductor manufacturer acquired by local state assets

Semiconductor maker Wuhan Hongxin Semiconductor Manufacturing Co (HSMC) has been reportedly fully taken over by the local unit of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) in Dongxihu district, Wuhan in Central China's Hubei Province.
Source: Global Times | 2020/11/18 13:48:41

Oppo launches new concept smartphone, demonstrating Chinese tech firms' innovation ability

Chinese smartphone vendor Oppo on Tuesday launched the Oppo X 2021 rollable concept smartphone, which allows users to adjust the size of the display. Analysts said the launch shows Chinese tech firms' increasing innovation ability despite the US-led tech crackdown.
Source: Global Times | 2020/11/18 4:43:33

Honor sell-off 'warning bell' to tech sector amid US political crackdown

It was a symbolic day when the Chinese tech giant Huawei Technologies – the world's second-largest smartphone vendor – finally decided to strip off its subsidiary phone brand Honor, which has greatly contributed to the development of Huawei's consumer business. This difficult decision was interpreted by Chinese industry insiders as intensified warning shot for the whole industry in face of US-initiated tech war.
Source: Global Times | 2020/11/17 21:06:05

Huawei spins off sub-brand Honor to survive US supplies ban

Huawei officially announced the divestment of smartphone sub-brand Honor on Tuesday, and although details such as the value of the sale haven't been revealed, industry insiders said the independent phone maker will largely maintain the structure and operations it had under Huawei.
Source: Global Times | 2020/11/17 18:03:23

Baidu to acquire Joyy's livestreaming business in China

Chinese tech giant Baidu announced on Tuesday that it had begun final stage negotiations with Joyy, a livestreaming giant, moving closer to the completion of the acquisition of Joyy's domestic livestreaming businesses.
Source: Global Times | 2020/11/17 14:58:40

Honor sell-off boosts buyers' stock shares

Buyers of Honor's assets, formerly a sub-brand of Huawei, saw their share prices jump on Tuesday morning, with China Telling Company up 3 percent as of 11:30.
Source: Global Times | 2020/11/17 11:43:00

Huawei announces sell-out of all sub-brand Honor business assets amid US ban

Huawei says in an official statement on Tuesday morning that has decided to sell all of its Honor business assets, which will help Honor's channel sellers and suppliers make it through this difficult time.
Source: Global Times | 2020/11/17 8:19:03

Update: Former chief executive of Honor Zhao Ming becomes CEO of 'new' company after sub-brand sold by Huawei

Chinese tech giant Huawei Technologies sold its sub brand Honor to a Chinese consortium over 30 agents and dealers, according to a joint statement signed by companies involved in the purchase, in an unprecedented move that is also seen as a “strategic win” for Huawei amid US chipset ban.
Source: Global Times | 2020/11/17 8:12:56

Huawei reaches a deal with a Shenzhen-based company to sell its sub brand Honor

Huawei's reaches a deal with Shenzhen Zhixin New Information Technology Co, jointly founded by Shenzhen Smart City Technology Development Group Co and over 30 agents and dealers to sell its sub brand Honor brand.
Source: Global Times | 2020/11/17 7:22:55