As the ongoing pandemic has dampened many Chinese consumers' habit of “buying abroad” over the past year, the cross-border e-commerce platforms, which now have become the only channel for many domestic consumers who seek for overseas products, have become a highland for foreign brands who want to keep consumers in the world's second-largest economy.
By Global Times | 2021/1/20 17:28:40
  • C919 jumbo plane completes extreme low-temperature test in Inner Mongolia

    China's indigenously-developed large passenger plane C919 completed its first low-temperature flight test in North China's Inner Mongolia Autonomous Region on Saturday.

    By Global Times | 2021/1/20 16:38:39
  • Jack Ma makes 1st public appearance via video link since Alibaba came under tougher scrutiny

    Jack Ma Yun, the English teacher turned entrepreneur behind Chinese e-commerce behemoth Alibaba, appeared during a rural teacher-themed social welfare event via video link on Wednesday, according to media reports, his first public appearance since Alibaba came under tougher regulatory scrutiny amid the nation's efforts to rein in internet-based monopolies.

    By Global Times | 2021/1/20 12:38:20
  • China's first intelligent mass production line for satellites able to produce 240 small satellites each year

    As China ramps up efforts to develop its aerospace industry, the country's first intelligent mass production line for satellites has begun trial operations recently, with a capacity to produce more than 240 small satellites each year.

    By Global Times | 2021/1/20 11:40:34
  • Prada terminates cooperation with Chinese actress Zheng Shuang over alleged surrogacy dispute

    Italian luxury fashion house Prada announced Tuesday that it terminated all contracts with Chinese actress Zheng Shuang, according to the brand's official Weibo account, following a reported scandal concerning the actress' personal life.

    By Global Times | 2021/1/19 21:18:39
  • Imported industrial parts from Malaysia test positive for COVID-19: East China's Dongyang city

    A batch of imported industrial parts from Malaysia, transported via East China's Hangzhou customs on January 15, have tested positive for coronavirus, authorities in Dongyang city, East China's Zhejiang Province said on Tuesday.

    By Global Times | 2021/1/19 20:37:00
  • Douyin makes foray into third-party digital payment sector as part of new strategy

    Douyin, the popular short-video sharing platform owned by Chinese start-up ByteDance, launched its in-app payment tool Douyin Pay on Tuesday, a move that aligns with the app's strategic move toward the e-commerce sector while playing a defensive role in the fierce competition among domestic internet players, analysts said.

    By Zhang Hongpei | 2021/1/19 20:28:39
  • China's medical suppliers break records in 2020

    As the time for the release of annual fiscal reports is coming, the domestic medical industry participants are to present their year-round achievements against the backdrop of a record breaking 2020, with several of them ranging from masks and ventilators to nucleic acid products and vaccines have already confirmed very promising results in the annual performance forecasts on the back of an unprecedented jump in production capacity.

    By Yin Yeping | 2021/1/19 18:19:54
  • Chinese garment manufacturer going green in Bangladesh

    Solar systems are becoming an increasingly popular form of alternative energy in Bangladesh. LDC Group of Bangladesh, a Chinese garment manufacturer, is one of the factories switching towards the green power in the South Asian country.

    By Xinhua | 2021/1/19 15:04:54
  • Shanghai Disneyland said Disney-related information on travel website 'completely false'

    Shanghai Disneyland said on Monday that information shown recently on travel website "is completely false" and that the website is not an official channel of the resort.

    By Global Times | 2021/1/18 22:58:39
  • Syringe, needle suppliers gear up for global shortages

    China's syringe and needle suppliers are planning to expand production for sales to epidemic-hit countries such as the US, which have reportedly experienced shortages of such items during their vaccination campaigns.

    By Yin Yeping | 2021/1/18 20:13:40
  • AIIB grows and thrives out of doubts

    Over the past five years since the China-initiated Asian Infrastructure Investment Bank (AIIB) was founded, the multilateral development bank has thrived out of doubts and ramped up efforts to build a new type of development platform.

    By Zhang Dan | 2021/1/18 19:53:40
  • Tesla starts delivering made-in-China Model Ys, accelerates investment in the mainland

    Tesla started delivering made-in-China Model Ys on Monday, as the US-based electric carmaker strives to explore the Chinese mainland market with efforts including the launch of new models, after achieving success with Model 3 cars. It's also looking to build a supercharger factory in China, the company disclosed.

    By Global Times | 2021/1/18 19:18:26
  • China may vaccinate children and teenager against coronavirus as early as March: industry insider

    China's COVID-19 vaccination program may be expanded to include low age groups of minor and young people aged 3 to 17 years old, domestic news site reported.

    By Global Times | 2021/1/18 11:08:53
  • Guangzhou names its top 10 news events in 2020

    The 10 news events were announced by Shan Chengbiao, general manager of the Huanqiu Network portal.

    By Huanqiu Network portal | 2021/1/18 0:19:12
  • Brazil ditches US drive to strangle Huawei: report

    The telecommunications sector will see a back-to-square-one moment, in which business considerations regain their rightful position from political considerations, Chinese analysts said on Sunday, after reports that the Brazilian government became the first in the world to backtrack on its opposition to Huawei's 5G bid.

    By Chu Daye | 2021/1/17 22:00:09
  • Safe fast-charge, ultra-long range EV still scientifically impossible: expert

    Some Chinese electric vehicle (EV) experts said that it is still impossible to quickly charge an EV to run 1,000 kilometers safely and at a low cost, following the launches of several new models by Chinese brands that claim to do so.

    By Yang Kunyi | 2021/1/17 21:25:41
  • Chinese COVID-19 vaccine vial suppliers plan large capacity expansions to meet demand

    With tight vial supplies in some countries that are threatening the delivery of coronavirus vaccines, China's vial makers will greatly expand production capacity.

    By GT staff reporters | 2021/1/17 20:49:41
  • Investors chase Chinese chip firms after US crackdown

    Chinese investors have rushed into the domestic chipmaking sector, as they remain positive on the industry's growth after being cornered by the Trump administration, industry analysts said on Sunday.

    By Xie Jun | 2021/1/17 19:42:40
  • China's online financial tech giants are being scrutinized

    Since late last year, government supervision of internet service platforms has tightened in China, with online financial businesses being placed under scrutiny. As a result, the fintech giants have put brakes on their online deposit products to meet regulatory requirements.

    By GT staff reporters | 2021/1/17 19:38:39
  • 'Major reusable launch breakthrough' by private rocket firm i-Space prior to IPO

    Beijing-based private rocket launch company i-Space announced a key breakthrough in its reusable launch system ahead of a planned IPO, a boost for the nation's commercial space sector, experts said.

    By Global Times | 2021/1/17 19:21:06
  • New ship orders in 2020 surpass SK, No.1 in world after 2 years

    China's 2020 new shipbuilding orders exceeded those of South Korea and returned the country to the No.1 spot after two years, CCTV reported on Sunday.

    By Global Times | 2021/1/17 18:50:39
  • Police probing illegal additive case amid 'big-headed baby' scare

    Authorities in Zhangzhou, East China's Fujian Province, said that investigations have revealed two anti-bacterial creams produced by a local company contain hormones, a banned additive for sanitary disinfectant products in China, amid a regional consumer goods scare that has caused a five-month-old baby girl's head to balloon like a real-life Michelin Man.

    By Global Times | 2021/1/17 11:26:56
  • Sweden's stubborn hold on Huawei ban to hurt itself: expert

    A Swedish court has reportedly dismissed an appeal by Huawei against the country's 5G ban on the Chinese telecom giant, dimming the company's hope in participating in the small-sized market's 5G rollout in the future.

    By Global Times | 2021/1/16 21:42:59
  • Tesla opens stores in South China's Hainan, eyes further expansion

    US electric vehicle manufacturer Tesla Inc has opened its first Tesla center in South China's Hainan Province on Friday, betting on brighter market prospects in the newly established free trade zone driven by potential encouraging policies for the new-energy vehicle (NEV) industry, analysts said.

    By Global Times | 2021/1/16 15:42:26
  • Chinese firm Skyrizon vows to protect itself against US sanction with 'legal weapon'

    After being placed on a US blacklist, Chinese aviation firm Skyrizon has vowed that it would firmly protect its legitimate rights and interests with "legal weapon," saying that it opposes all unreasonable suppression of Chinese firms.

    By Global Times | 2021/1/16 11:12:57
  • China released draft regulation on rare earths, including quota control, investment management

    An industry watchdog has released a draft rare earths management rule on Friday, including quota management of domestic rare earths production, investment management and supervision, which analysts said is a sign that China vows to standardize management of the rare earths industry and promote high-quality development of the industry.

    By GT staff reporters | 2021/1/15 21:08:40
  • Greater cooperation with China a premise of Biden's relief plan

    Greater cooperation with China would be an important premise of US President-elect Joe Biden's $1.9 trillion relief package proposal and a second plan, Chinese experts said Friday, envisioning the massive spending plan, if eventually approved, would bode well especially for Chinese exports.

    By GT staff reporters | 2021/1/15 21:00:44
  • Air China starts services in two terminals at Beijing Capital International Airport

    Air China will start services in two terminals in Beijing Capital International Airport from Friday. About 72 flights to 21 cities, such as from Beijing to Changzhou in East China's Jiangsu Province and Dali in Southwest China's Yunnan Province, will move from Terminal 3 to Terminal 2.

    By Global Times | 2021/1/15 16:23:40
  • AntGroup establishes rectification working team, formulating timeframe for overhaul: central bank deputy governor

    Ant Group has established a rectification working team and is making haste to formulate a timeframe for overhaul of its services, Chinese central bank deputy governor Chen Yulu revealed Friday.

    By Global Times | 2021/1/15 15:47:22
  • Netizens confused as phone maker Xiaomi's addition as a Chinese military company by US defense department, one more 'final frenzy'

    Chinese smartphone maker Xiaomi on Friday confirmed that it is not owned, controlled or linked to the Chinese military or a Chinese military firm, as defined by the US National Defense Authorization Act.

    By GT staff reporters | 2021/1/15 12:47:14
  • China officially bans phenolphthalein tablets and lozenges due to serious side effects

    China's National Medical Products Administration (NMPA) concluded Thursday that there were serious adverse reactions to phenolphthalein tablets and lozenges after a post-marketing evaluation, and decided to stop the production, sale and use of these products in China, and the drug registration certificate will be canceled from now on.

    By GT staff reporters | 2021/1/15 3:15:42
  • US sanctions two more Chinese firms in 'final frenzy'

    The US Department of Commerce (DOC) said on Thursday that it has added two Chinese companies - Chinese National Offshore Oil Corporation (CNOOC) and aviation firm Skyrizon to two separate blacklists, in what Chinese analysts are calling a "final frenzy" of the outgoing Trump administration's crackdown on Chinese businesses.

    By Global Times | 2021/1/15 2:47:13
  • McDonald's take on the Chinese burger has netizens asking “Where's the meat?”

    McDonald's new Chinese takeout was met with a pinch of outrage from Chinese netizens on Thursday who said the fast food giant had skimped on the key ingredient in its version of the traditional Chinese hamburger: the meat.

    By Global Times | 2021/1/14 23:40:23
  • Top market watchdog launches probe into online discount platform over alleged unfair market competition acts

    China's top market watchdog has launched an investigation into online discount platform over alleged unfair market competition acts -- a move that analysts said sends a signal that Beijing will double down on efforts to ensure the sound development of the increasingly important internet sector, regardless of the size of a platform.

    By GT staff reporters | 2021/1/14 22:03:40
  • Parler solicits US court to order Amazon to restore service to social media app

    Parler, a social media outlet favored by some supporters of US President Donald Trump, urged a court to order Inc to put it back online.

    By Reuters | 2021/1/14 19:53:39
  • Affirm Holdings, provider of credit for online shoppers, raises $1.2b in US IPO

    Affirm Holdings Inc, a US provider of installment loans to online shoppers, said on Wednesday it sold shares in its IPO at $49 apiece, above its target range, to raise $1.2 billion.

    By Reuters | 2021/1/14 19:48:39
  • Geely, Foxconn partnership will build cars for other automakers

    Taipei-based Foxconn and Hangzhou-based automaker Zhejiang Geely Holding Group said that they will join hands to provide contract manufacturing for automakers.

    By Reuters | 2021/1/14 19:43:39
  • Stalled 'Chunyun' worries Chinese airlines on profits

    Sporadic COVID-19 cases in China have triggered a new round of protective measures, as Chinese governments both at the national and local level are encouraging residents to stay at the place for the Chinese New Year holidays.

    By Global Times | 2021/1/14 18:43:39
  • Chinese firms scale back presence at 2021 CES over pandemic, tech war

    The annual Consumer Electronics Show (CES) in the US, which is being held online for the first time this year due to the ravaging COVID-19 pandemic, has seen Chinese high-tech companies scale down their presence by more than 80 percent compared with 2020.

    By Zhang Hongpei | 2021/1/14 18:33:40
  • 'Chinese Baijiu' granted as the official English term for Chinese distilled spirit: Chinese customs

    Chinese customs have officially adopted "Chinese Baijiu," as the new terminology for the Chinese distilled spirit, for product labeling for exports, after repeated communication with the tax collection bureau of the Chinese customs authorities since China Alcoholic Drinks Association formally submitted an application to the customs authorities on April 25, 2020, according to the association.

    By Global Times | 2021/1/14 16:46:19
  • China urges US, allies to stop crackdown on Xinjiang exports: MOFCOM

    China strongly opposes rude interference of China's internal affairs by the US and other governments, a spokesperson of Ministry of Commerce (MOFCOM) said on Thursday, in response to US and other countries' ban on cotton and tomato produce from Xinjiang, adding that forced labor is categorically outlawed in China.

    By Global Times | 2021/1/14 16:33:39
  • 124 cold-chain food producers across 21 markets have suspended exports to China: customs official

    To guard against the risk of imported #COVID19 infections through cold-chain food storage, around 124 cold-chain food producers in 21 countries have so far suspended their exports to China, among the 124 cold-chain food producers that have been suspended from export to China, 107 companies voluntarily suspended their exports according to the General Administration of Customs on Thursday, confirming the government's strict stance on the prevention and control of the epidemic spreading.

    By Global Times | 2021/1/14 15:31:24
  • China's top market watchdog launches an investigation into Tencent-invested online discount retailer over alleged unfair competition

    China's top market watchdog has launched an investigation against online discount platform over alleged unfair market competition, a move which analysts said sends a clear signal that Beijing will resolutely double down anti-monopoly effort on the internet industry irrespective of the size of the platform.

    By Global Times | 2021/1/14 11:09:42
  • China launches probe into online discount retailer Vipshop over alleged unfair competition

    China launches probe into online discount retailer Vipshop over alleged unfair competition

    By Global Times | 2021/1/14 9:04:19
  • Mainland companies take steps to shift listings from US

    Several Chinese mainland-based companies whose shares are currently listed in the US, including Lenovo Group and Tencent Music, have either announced plans to issue Chinese Depositary Receipts (CDR) in Shanghai or are reportedly seeking secondary listings in Hong Kong, at a time when the US is toughing management on mainland companies listed there.

    By Xie Jun | 2021/1/13 21:38:06
  • Chip shortage slams brakes on car sector

    After rebounding from the fallout of the COVID-19 pandemic at a speed beating most carmakers' original expectations, China's auto industry now faces a new dilemma – tightening supplies of semiconductors, which serve a key role as a vehicle's brain from controlling acceleration to steering and braking.

    By Zhang Hongpei | 2021/1/13 21:33:39
  • China completes maglev prototype, fastest land vehicle with peak speed of 620 km/h

    A prototype of a high-temperature superconducting maglev train, dubbed as a "super bullet maglev train" with a maximum speed of 620 kilometers per hour, rolled off the production line on Wednesday in Chengdu, capital of Southwest China's Sichuan Province.

    By Chu Daye | 2021/1/13 21:22:26
  • Foreign financial firms race to recruit for Chinese market

    With China moving resolutely toward opening up its financial sector to foreign investment, those aiming high for a China market presence are racing to hire financial professionals, a trend market observers believe will only intensify as the country retains its allure amid global uncertainty.

    By GT staff reporters | 2021/1/13 21:13:40
  • China completes 'super bullet maglev' prototype with peak speed of 620 km/h

    A prototype of a high-temperature superconducting maglev train, dubbed as the "super bullet maglev train" with a maximum speed of 620 kilometers (km) per hour, rolled off production line on Wednesday in Chengdu, capital of Southwest China's Sichuan Province.

    By Global Times | 2021/1/13 12:03:02
  • Clear data-sharing mechanism needed: analysts

    Data-sharing in some areas between the government and firms is not standard in China, but it is normal in other countries, industry analysts said on Tuesday, shedding some light on the controversy over whether consumer data should be the property of Alibaba Group's fintech offshoot Ant Group or the government or both.

    By GT staff reporters | 2021/1/13 2:06:34
  • Supplies of fresh products 'sufficient' in closed-off cities in North China's Hebei

    To prevent the spread of coronavirus, Shijiazhuang, Xingtai and Langfang in North China's Hebei Province will be under closed-off management, officials from Hebei Province said at a press conference on Tuesday, according to media reports, after 326 cases were found in the province since January 2.

    By GT staff reporters | 2021/1/12 21:33:39
  • Pandemic accelerates medical AI application development: report

    The coronavirus epidemic has pressed a fast-forward button on medical artificial intelligence (AI) applications, and the fight against the virus has put the technology further into practice, a report released by the Tencent Research Institute said.

    By Global Times | 2021/1/12 21:25:41
  • Smartphone brands ramp up rivalry amid Huawei ban

    Chinese smartphone brands, including Xiaomi, Vivo, Oppo and Transsion, are expanding globally in recent months as they compete for the new 5G wave and the market shares formerly held by Huawei, the Chinese technology giant facing a US government ban of American semiconductor supplies.

    By GT staff reporters | 2021/1/12 20:58:39
  • Chinese medical firms running in full swing to meet market demand

    Suppliers of pandemic preventative medicines are working in full swing to assure the stable supply for both the domestic and overseas markets, despite hurdles resulting from tightening regional lockdown measures amid a new wave of coronavirus outbreaks.

    By Yin Yeping | 2021/1/12 20:53:39
  • Australia's blocking business acquisitions harmful for bilateral cooperation: FM

    Australian government's rejection of a bid by a Chinese company is akin to politicalizing trade and investment, dampening the momentum of bilateral pragmatic cooperation between the countries, and harming Australia's own image and reputation, the Chinese Foreign Ministry (FM) said on Tuesday.

    By Global Times | 2021/1/12 18:18:39
  • Entrepreneurs from China, Japan, S.Korea optimistic on Chinese economy in 2021: survey

    Most entrepreneurs and high-level executives from China, Japan and South Korea are optimistic about China's economic growth this year, according to a survey by the Global Times Research Center, Maeil Business Newspaper and Nikkei.

    By Zhang Hongpei | 2021/1/12 18:13:40
  • Chinese, Japanese and South Korean firms unlikely to receive more favorable conditions under incoming Biden administration

    Companies from China, Japan and South Korea are expecting to continue to feel the weight of a trade war initiated by the US against China, while further technology decoupling is also likely during the incoming Joe Biden administration, Chinese analysts said on Monday.

    By Chu Daye | 2021/1/12 18:03:40
  • Kweichow Moutai shares touched all-time peak despite distillery's potential exposure to confirmed COVID-19 case

    Kweichow Moutai shares touched an all-time peak during Tuesday's morning session, despite news of a distillery's potential exposure to a confirmed COVID-19 case.

    By Global Times | 2021/1/12 12:59:33
  • China to tap pork reserves for second time in eight days

    China's going to release the second batch of 30,000 tons central reserve frozen pork in 2021 on Friday, eight days after the first release of 20,000 tons on January 7, according to a notice on the official website of the China Merchandise Reserve Management Center on Tuesday.

    By Global Times | 2021/1/12 12:16:08
  • Google blamed for helping distribute an app that could potentially disrupt China's anti-epidemic effort

    An app within the Google Play store that could allow users to simulate different displays of China's health codes sparked social media uproar, as the app could potentially provide fake green code for people from medium-risk and high-risk areas and thus disrupt China's anti-epidemic effort at a time when a number of cities have reported a new wave of coronavirus outbreak.

    By GT staff reporters | 2021/1/12 12:15:17
  • Chinese traders increasing coal imports from Russia, Mongolia

    Chinese traders are importing more coal from neighboring countries such as Russia and Mongolia, bringing the security of a healthy supply chain amid the backdrop of global uncertainty and disruption from the epidemic.

    By GT staff reporters | 2021/1/12 11:38:10
  • PayPal becomes 1st third-party payment platform with 100% foreign ownership in China

    US digital money transfer platform PayPal has become the first third-party payment platform with 100 percent foreign ownership in China following its purchase of additional shares of the domestic payment firm GoPay.

    By Global Times | 2021/1/11 22:52:38
  • Export orders for Chinese air-purifiers rise 10-fold in 2020 amid COVID-19

    Export orders for air purifiers produced in China rose nearly eight times and the cumulative gross merchandise value rose nearly 10 times from April to November 2020, with orders from virus-hit economies, such as the US and European countries rising rapidly, driven by growing demand for clean air to prevent COVID-19 infections.

    By Yin Yeping | 2021/1/11 20:13:40
  • Baidu to produce intelligent cars in partnership with Geely

    Domestic technology giant Baidu Inc announced on Monday that it will establish an intelligent car company in partnership with the automaker Geely, which sparked interest and skepticism among Chinese netizens and experts. Some questioned the companies' plans after previous failures, while others said the new partnership is a good match.

    By Xie Jun | 2021/1/11 18:53:40
  • Baidu announces to found intelligent car company with Geely

    Chinese tech giant Baidu Inc announced on Monday that it would establish an intelligent car company in partnership with mainland auto firm Geely, a step which has sparked interests and skepticism among Chinese netizens and experts. Some questioned the companies' abilities after a recent track record of failure, with others saying the new partnership is a good match.

    By Xie Jun | 2021/1/11 10:48:39
  • Didi fined for lax coronavirus measures after multiple drivers tested positive

    Ride-hailing platform Didi was fined 1.07 million yuan ($165,240) for not abiding by epidemic prevention rules after its drivers repeatedly tested positive for coronavirus, Beijing's traffic regulator announced on Sunday.

    By Global Times | 2021/1/11 1:07:44
  • Latest Boeing jet crash 'has no impact' on prospects in China: aviation analysts

    The reported crash of a Boeing passenger jet after departure from Jakarta would not have an impact on its market prospects in China; instead, its sluggish recovery in the lucrative market is much more alarming, Chinese aviation analysts said.

    By Global Times | 2021/1/10 19:38:16
  • Boeing responds to Sriwijaya Air flight crash

    Boeing said on Saturday that the company was in contact with its airline customer and stands ready to support them after the Indonesian Sriwijaya Air Flight SJ-182 crashed.

    By Xinhua | 2021/1/10 8:48:40
  • Video-sharing platform Douyin punished with maximum fine over pornographic, vulgar contents

    Douyin - China's domestic version of #TikTok, owned by tech firm ByteDance - was fined the maximum amount possible for spreading obscene, pornographic and vulgar content.

    By Global Times | 2021/1/8 9:31:27
  • Corporate governance infighting won't have fatal impact on Luckin: analyst

    Luckin Coffee, the once-shining Chinese coffee chain that has been tainted by an accounting scandal, is embroiled in corporate governance infighting, with mounting confusion over an internal petition to remove chairman and CEO Guo Jinyi.

    By Global Times | 2021/1/7 22:43:15
  • Workers' deaths draw public attention to development model of internet enterprises

    Amid an uproar over the sudden death of a Pinduoduo employee, another death - involving a deliveryman for online food delivery platform - has drawn public attention to the rights and interests of employees in internet enterprises.

    By GT staff reporters | 2021/1/7 22:31:40
  • Mulling to blacklist tech giants forewarns perilous finale

    Even as he incited violence in the US capital that plunged the country into chaos, President Donald Trump appears to be stepping up his ill attempt for China-US economic decoupling, as his administration reportedly mulls blacklisting Alibaba Group and Tencent Holdings, foreshadowing what Chinese analysts call a "dangerous" two weeks ahead for China-US relations.

    By Wang Cong and Ma Jingjing | 2021/1/7 21:08:40
  • Former governor of China Development Bank sentenced to life in prison for bribery

    Hu Huaibang, ex-governor of the China Development Bank, has been sentenced to life in prison following the conclusion of proceedings at Chengde Intermediate People's Court on Thursday on charges of taking bribes.

    By Global Times | 2021/1/7 16:17:37
  • Foxconn to make electric SUVs with start-up Byton

    Apple assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed to start building electric sport-utility vehicles (SUVs) in 2022 for cash-strapped Chinese start-up Byton, Foxconn said in a recent statement.

    By Reuters - Global Times | 2021/1/7 16:08:40
  • Chip giant Qualcomm names Amon CEO

    Qualcomm Inc, the world's biggest supplier of mobile phone chips, said on Tuesday it had named its president and chip division head Cristiano Amon as its new chief executive.

    By Reuters - Global Times | 2021/1/7 16:08:39
  • Indonesia's Gojek, Tokopedia in advanced merger talks ahead of potential IPOs

    Indonesian ride-hailing and payment firm Gojek and e-commerce leader Tokopedia are in advanced talks to seal a $18 billion merger ahead of potential stock market listings in Jakarta and the US, people with knowledge of the matter said.

    By Reuters | 2021/1/7 15:13:39
  • MGM Resorts gambles on boom in US sports betting

    Ladbrokes owner Entain said an $11 billion takeover approach from US casino operator MGM Resorts significantly undervalued its business, as companies move to capitalize on an expected boom in US sports betting.

    By Reuters | 2021/1/7 14:28:39
  • Coronavirus detected at a Nanjing warehouse storing imported goods transported by FedEx

    The warehouse, located in Jiangbei New Area, stores imported products transported by FedEx, a US carrier.

    By Global Times | 2021/1/7 12:00:35
  • China reserves right to 'take necessary measures' over Trump's ban on Chinese apps transactions: Commerce Ministry

    China urges the US to stop its unreasonable suppression and reserves the right to “take necessary measures” against the Trump administration's new ban on Chinese apps' monetary transactions, China's Commerce Ministry said late Wednesday night.

    By Global Times | 2021/1/7 0:23:09
  • NYSE reconsiders delisting telcos after Mnuchin weighs in

    In a potential second confusing U-turn, the New York Stock Exchange (NYSE) is reportedly again considering plans to delist three major Chinese telecommunications firms after US Treasury Secretary Steven Mnuchin weighed in following the exchange's decision to give the companies a reprieve, adding uncertainty to the market and potentially jeopardizing US investors' interests, experts said on Wednesday.

    By Yang Kunyi | 2021/1/6 21:08:40
  • Soaring price on iron ore eats into steel-makers' profits

    Although production resumption in the post-pandemic era has greatly boosted steel demand, the high price for iron ore has further jeopardized the benefits to Chinese steel makers at the downstream. Industry insiders are calling for a change of the pricing mechanism for iron ore, which failed to thoroughly reflect actual supply and demand in the market.

    By GT staff reporters | 2021/1/6 21:08:39
  • Chinese driverless bus enters France for the first time

    A 12-meter-long self-driving bus produced by CRRC Times Electric Vehicles Co (CRRC EV) recently passed road trial in Paris, France. It's the first such public road test in France and the first Chinese driverless bus operating in the domestic market, the Xinhua News Agency reported on Wednesday.

    By Global Times | 2021/1/6 12:03:39
  • FCA auto sales in US fall 17 pct in 2020

    Fiat Chrysler Automobiles N.V. (FCA) announced on its website on Tuesday that it sold 1,820,636 vehicles in the United States in 2020, down 17 percent from 2019.

    By Xinhua | 2021/1/6 11:47:47
  • Trump orders new ban on transactions with eight Chinese apps as 'last frenzy' during term: expert

    With Donald Trump's imminent departure from the White House and Joe Biden set to take office, the incumbent US president is ramping up efforts to go to extremes to turn the US market into a minefield for Chinese software companies by signing an executive order banning transactions with eight Chinese applications on Tuesday, including the popular payment apps Ant Group's Alipay and Tencent's WeChat Pay.

    By Global Times | 2021/1/6 10:14:08
  • Chinese companies announce one-hour testing kits for mutant B117 variant strain

    Two Chinese firms on Tuesday announced they had developed a rapid testing kit for the more transmissible variant of COVID-19, initially reported by the UK on December 14, and both said that results can come as fast as one hour.

    By Global Times | 2021/1/5 22:28:40
  • Tesla's Model Y SUV selling hot in China

    The ripple effect of Tesla's surprising price reduction for the Chinese-made Model Y cars has continued, with market attention focused on the future competitive landscape created by the foreign player that has stirred up the new-energy vehicle (NEV) market in China.

    By Xie Jun and Zhang Hongpei | 2021/1/5 19:53:39
  • Ex-chairman of Huarong sentenced to death for taking $277 million bribes

    Lai Xiaomin, former chairman of China Huarong Asset Management Co, was sentenced to death for taking huge bribes and bigamy, with his political rights withdrawn and all assets being confiscated, a court in North China's Tianjin ruled on Tuesday.

    By Global Times | 2021/1/5 18:55:14
  • US financial status is built on spirit of inclusiveness and rules: China's FM

    After the New York Stock Exchange (NYSE) said it no longer intends to delist three Chinese telecom companies, Chinese Foreign Ministry spokesperson Hua Chunying reaffirmed the US status as an international financial center hangs on the trusts from international companies and global investors that built on a spirit of inclusiveness and certainty of rules.

    By Global Times | 2021/1/5 16:13:25
  • China's BGI develops rapid testing kit for B.1.1.7 variant strain

    A unit under China's genetics firm BGI on Tuesday confirmed it has developed a rapid testing kit for the new B.1.1.7 variant strain. Cases testing positive for coronavirus can further undergo the B.1.1.7 variant test, with results provided within an hour.

    By Global Times | 2021/1/5 11:57:22
  • E-commerce platform Pinduoduo apologizes, withdraws heartless post on staffer's death

    US-listed e-commerce platform Pinduoduo has deleted a controversial statement over a staffer's death claiming it was made by a marketing partner's employee who used his own mobile phone.

    By Global Times | 2021/1/5 0:36:14
  • Ericsson threatens to leave Sweden, unwilling to lose Chinese market over Huawei ban: analyst

    A Swedish media outlet has reported that Swedish telecoms giant Ericsson opposes a government ban preventing Huawei and ZTE from participating in the construction of 5G in the country.

    By GT staff reporters | 2021/1/4 20:33:39
  • Swedish media report proves Huawei ban 'coercion of the US': FM spokesperson

    Swedish media Dagens Nyheter (DN) recently reported that the US had put pressure on Sweden to exclude Huawei from its 5G network construction. Hua Chunying, a spokesperson of the Foreign Ministry, said on Monday during a press briefing that she had seen the relevant Swedish reports, which once again demonstrates that "it is the US that is resorting to intimidation and coercion everywhere in the world, and that China is the victim of such coercion."

    By Global Times | 2021/1/4 16:33:39
  • News of Pinduoduo employee's sudden death after apparent excessive overtime goes viral

    The overtime culture in Chinese internet firms has only become more extreme over recent years, as an employee of one of China's largest e-commerce platforms working in their agricultural products division suddenly died, with excessive overtime being attributed as a main cause.

    By Global Times | 2021/1/4 13:33:39
  • Checks on auto parts strengthened after COVID-19 found in Daimler Beijing plant

    Several cities across China have stepped up investigation into auto parts shipped from firms involved in the latest sporadic COVID-19 cases in Beijing, after the virus was detected on environmental samples collected from the Beijing component facilities belonging to the Daimler Northeast Asia Parts Trading and Services Co, where positive coronavirus cases have been found previously.

    By GT staff reporters | 2021/1/4 11:00:37
  • No major impact from NYSE' delisting move: Chinese securities regulator

    China's securities regulator on Sunday vowed support for the country's three major telecom operators to safeguard their interests according to law after the New York Stock Exchange (NYSE) announced it has started the process of delisting the Chinese telcos in move orchestrated by the Trump administration to crack down on Chinese businesses.

    By Global Times | 2021/1/4 0:16:42
  • Major Chinese online platform apologizes for 'disrespecting history'

    Meituan, a major Chinese e-commerce platform for recommending locally found consumer products, retail services and touristic sites, issued an apology on China's Twitter-like Sina Weibo on Saturday in response to criticism that it had disrespected Chinese history by giving historical sites inappropriate tags.

    By Global Times | 2021/1/3 23:22:59
  • Virus detected on environmental samples from a Daimler unit in Beijing: authority

    Coronavirus has been found on environmental samples collected from the Beijing accessories department of the Daimler Northeast Asia Parts Trading and Services Co, where positive coronavirus cases have been found previously, Zhi Xianwei, a senior official in the capital's Shunyi district, said at a press conference on Sunday.

    By Global Times | 2021/1/3 20:23:39
  • New China-made Model Y surprises market with cheaper prices

    Tesla has blazed a trail through the world's biggest electric vehicle market successfully in some areas in 2020, but not so smoothly in other areas.

    By GT staff reporters | 2021/1/3 19:33:40
  • Huawei must scale back enterprise businesses, focus on strategic areas: founder

    Huawei's enterprise businesses need to continue to scale back and concentrate on areas of strategic focus rather than trying to "do everything," Huawei's founder and CEO Ren Zhengfei told company staff in a recent internal email, signaling that the telecom giant might further adjust its strategies in face of challenges and competition.

    By GT staff reporters | 2021/1/3 12:03:51