BUSINESS >> Companies

Twitter suspends over 70 million accounts in massive crackdown on false information

Twitter Inc. has suspended more than 70 million fake accounts in May and June in a massive drive to clear out bots and trolls on the platform, The Washington Post reported Friday.
Source: Xinhua | 2018/7/7 9:05:22

China's light sports aircraft 'wind feather' completes maiden flight

China's first light sports aircraft built completely using domestic intellectual property completed its maiden flight in Shanghai on Wednesday, according to a report by the Xinhua News Agency. The flight marked a milestone for China's fast-growing aviation industry, which had been limited by its reliance on foreign technology.
Source: Global Times | 2018/7/5 22:48:40

Petrobras-CNPC refinery talks

Brazil's state-run oil company Petroleo Brasileiro and China National Petroleum Corp (CNPC) took another step on Wednesday in negotiations that could give the Chinese their first refining capacity in the Americas.
Source: Reuters | 2018/7/5 22:38:45

Mobike scraps China deposits

Mobike, one of the world's biggest bike-sharing companies, is doing away with deposits for all customers in China amid a fierce battle to win users.
Source: Reuters | 2018/7/5 22:38:41

HNA-related stocks drop following announcement of chairman's death

Most shares related to Chinese conglomerate HNA Group dropped on Thursday, following Wednesday's announcement of the death of its chairman and co-founder Wang Jian.
Source: Global Times | 2018/7/5 22:38:40

InterContinental partners with Baidu to introduce 'AI hotel rooms'

Aiming to gain an edge in a technology-driven era and attract young consumers, China's hospitality industry has been beefing up efforts to provide guests with AI-oriented smart hotel rooms, where almost everything is connected and controlled by artificial intelligence (AI).
Source: Global Times | 2018/7/5 21:23:01

It's all in the face: Chinese start-up's tech recognizes emotions in just 3 seconds

A camera with a tripod stands on an office table, projecting what it records on the wall. At first glance, the camera looks ordinary, but once you look into the lens, it analyzes your face and projects details on a screen including your heart rate, breathing patterns and age in just three seconds.
Source: Global Times | 2018/7/5 21:23:01

Air India's name change for Taipei offers a lesson for other carriers that still flout China's sovereignty

India's national carrier Air India changed the way it describes Taiwan to "Chinese Taipei" as of Thursday, a move that observers said shows the company's respect for Chinese laws and offers a lesson for other carriers that still flout China's sovereignty.
Source: Global Times | 2018/7/5 21:13:40

First onshore equity fund for BlackRock

US global investment management corporation BlackRock has established and registered its first onshore equity fund in China for qualified institutional and high net worth investors.
Source: Xinhua-Global Times | 2018/7/5 20:43:40

German automotive suppliers bet on innovation in response to industry challenges

German automotive suppliers invest more in research and development (R&D) than any of their international competitors, revealed a study published on Wednesday by the accounting company PricewaterhouseCoopers (PwC).
Source: Xinhua | 2018/7/5 14:40:38

HNA-related stocks drop following chairman's death

Most shares related to HNA Group dropped on Thursday, following the announcement of the death of its chairman on Tuesday.
Source: Global Times | 2018/7/5 13:13:39

KazMunayGaz deal falls apart

The deal by Kazakh State energy firm KazMunayGaz to sell 51 percent of its Romanian business to Chinese energy giant CEFC has fallen apart, three sources familiar with the talks said.
Source: Global Times – Reuters | 2018/7/4 23:18:41

'Artificial hair hub' in Liberia

Liberian president George Weah has welcomed a visiting Chinese business delegation whose aim is to set up an artificial hair factory in the west African country.
Source: Global Times – Reuters | 2018/7/4 23:18:40

CNOOC explores new oilfield

China National Offshore Oil Corp (CNOOC) has signed a production-sharing contract (PSC) with Roc Oil (Bohai) Co and Smart Oil Investment for an oilfield in the South China Sea, domestic news site stock.qq.com reported on Tuesday.
Source: Global Times – Reuters | 2018/7/4 23:13:43

Legend buys Luxembourg bank

China's Legend Holdings Corp announced Tuesday it has closed its purchase of around 90 percent of a Luxembourg bank, as part of the firm's move into financial services.
Source: Global Times – Reuters | 2018/7/4 23:13:42

Douyin video app banned in Indonesia

Popular Chinese video-sharing app Tik Tok (known as Douyin in China) was blocked by the Indonesian government on Tuesday, following popular outrage about its disrespect for local culture, according to a report by local news site Detik News.
Source: Global Times | 2018/7/4 23:13:41

Micron sales ban shows growing ability of mainland firms to fight back in patent suits: analysts

The sales ban on a number of products from US-based chipmaker Micron in the mainland market over patent lawsuits shows the growing capacity of mainland companies to fight back against patent suits from overseas companies, domestic mobile analysts told the Global Times.
Source: Global Times | 2018/7/4 23:13:40

Baidu unveils new cloud chip, still lags behind rivals like Google

China internet giant Baidu Inc unveiled on Wednesday its first self-developed cloud-based artificial intelligence (AI) chipset, but it still lags behind rivals including Google, according to industry insiders.
Source: Global Times | 2018/7/4 23:08:40

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