SOURCE >> Companies

New Michelin guide to Beijing questioned by local diners

The Michelin Guide officially released the Beijing Michelin Guide 2021 edition on Monday morning, in which 30 restaurants in Beijing were given stars. However, it seems that Michelin may be losing its authority among Chinese diners, with many questioning the rankings in the new guide.
Source: Global Times | 2020/11/17 5:10:43

SpaceX's historic human spacecraft launch a milestone success

Elon Musk's space venture SpaceX sent four astronauts to space on the first NASA-certified commercial spacecraft on Sunday, a milestone achievement that remains beyond the reach of Chinese private-sector space firms, which have been striving to accelerate the nation's space commercialization, industry watchers said.
Source: Global Times | 2020/11/16 20:43:40

Huawei to soon announce plan to sell-off its Honor brand amid US pressure

Chinese tech giant Huawei Technologies will soon announce it will sell-off its sub brand Honor, considered a critical move in easing the impacts of the US' chipset ban and ensuring its sales as well as supply chain remain afloat, some analysts said.
Source: Global Times | 2020/11/16 19:25:04

Envoys visit Beijing site of COVID-19 vaccine firm

A visit to an institute of biological products in Beijing affiliated with the China National Pharmaceutical Group was arranged for foreign envoys, deepening their understanding of the safety, effectiveness and accessibility of China's coronavirus vaccines, Foreign Ministry spokesperson Zhao Lijian said on Monday.
Source: Global Times | 2020/11/16 17:10:16

Vale and Ningbo Zhoushan Port to establish joint venture

Brazil's Vale, the largest producer of iron ore and nickel in the world, signed a contract of investment with Ningbo Zhoushan Port Company, the busiest port in the world in terms of cargo tonnage, on Thursday.
Source: Global Times | 2020/11/16 0:18:21

Chinese vaccine cold-chain suppliers see order boom from US

Chinese makers of cold-chain equipment for medical use are running at full swing to meet booming orders from pandemic-hit countries such as the US, with a looming shortage of cryogenic storage freezers.
Source: Global Times | 2020/11/15 22:33:40

China halts some Indian cuttlefish imports after COVID-19 found on packages

Chinese Customs has halted some Indian cuttlefish imports after certain packaging tested positive for COVID-19, a move that could affect Indian seafood export industry, experts said.
Source: Global Times | 2020/11/15 21:53:29

Alibaba accused of 'securities fraud' in US as regulatory headwinds blow

Clouds continue to gather over Alibaba, as a law firm in Beijing representing investors in the e-commerce titan's US listing has filed a class action lawsuit faulting inadequate disclosure of regulatory tightening that shelved the IPO of Alibaba's fintech offshoot.
Source: Global Times | 2020/11/15 21:38:40

AllianceBernstein applies to set up fund firm in China

AllianceBernstein Hong Kong Limited has applied for a license to set up a mutual fund company in China, according to information released by the China Securities Regulatory Commission (CSRC).
Source: Global Times | 2020/11/15 20:23:40

RCEP can't mend China-Australia ties

The signing of the landmark Regional Comprehensive Economic Partnership (RCEP) can no doubt improve the trade environment between China and Australia, but it may not be enough to mend bilateral ties, which are at rock bottom with no sign of recovery, due to Canberra's irrational attacks on China and discriminatory measures against Chinese investment, analysts said.
Source: Global Times | 2020/11/15 20:03:40

Qualcomm gets license to provide old-fashioned 4G chips to Huawei

US chipmaker Qualcomm has received a license from the Trump administration to supply old-fashioned 4G chips to Huawei, which has been put under a US export ban to erase the Chinese high-tech company's rise, according to media reports
Source: Global Times | 2020/11/14 17:46:49

TikTok gets 15-day extension to divest US assets

Popular video-sharing platform TikTok has been granted a reprieve from the US government, with a 15-day extension to divest its US operation. Although it is still unclear how TikTok might fare under the incoming Joe Biden administration, experts say the extension is a good omen for the company.
Source: Global Times | 2020/11/14 14:52:57

China to help Brazilian delegation's vaccine inspection: FM

China is willing to provide the necessary convenience for a Brazilian delegation to inspect the research and development of China's COVID-19 vaccines, in accordance with relevant laws and international practices, the Chinese Foreign Ministry said Friday, as Brazil plans to send a delegation to China before potentially purchasing China-developed vaccines.
Source: Global Times | 2020/11/13 21:38:40

Apple launches MacBook laptops powered by its own computing chips

Apple Inc on Tuesday introduced a MacBook Air notebook and other machines with its first central processor designed in-house for Macs, a move that will tie its computers and iPhones closer together technologically.
Source: Global Times - Reuters | 2020/11/13 20:23:40

Sony, Microsoft in clash of consoles

Think Michelangelo vs Da Vinci. Muhammad Ali and Joe Frazier. Batman vs Superman. Another epic rivalry was rejoined this week when Sony and Microsoft went head-to-head with the next generation of their blockbuster video-game consoles.
Source: Global Times - Reuters | 2020/11/13 20:13:40

US flinches hyped TikTok ban; deal extension 'possible'

The US Commerce Department said Thursday that it would abide by a Pennsylvania court order not to shut down Chinese video-sharing app TikTok, initially slated to take effect on Thursday.
Source: Global Times | 2020/11/13 14:18:13

Foreign firms confident in new roles in China's 14th Five-Year Plan

Representatives from foreign businesses said China's new “double development dynamic” gives them confidence for their operations in China at a background briefing on the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China (CPC) on Thursday.
Source: Global Times | 2020/11/13 3:43:45

Tencent profit up 89% despite US crackdown

Despite the disruption from the Trump administration's WeChat ban, Tencent Holdings on Thursday reported third-quarter net profit of 38.54 billion yuan, beating market expectations of 30.81 billion yuan.
Source: Global Times | 2020/11/13 0:37:43