BUSINESS >> Companies

Huawei revenue surging 39% in Q1 despite rising US pressure

Huawei Technologies, the largest telecom equipment maker in the world, announced a staggering of 39 percent year-on-year rise in business revenue for the first quarter of 2019, continuing a stellar growth despite rising pressure from the US government.
Source: Global Times | 2019/4/22 13:51:29

Qualcomm's failed JV in China reveals poor chipset strategy amid rising competition: insiders

US tech giant Qualcomm is reportedly shutting down its chipset joint venture (JV) in Southwest China's Guizhou Province later this month, reflecting its poor understanding of the local chip-making industry and its growing competition from local players, industry insiders said.
Source: Global Times | 2019/4/22 13:15:54

Chinese Arabian-oriented tech firm launches regional headquarters in Bahrain

Chinese technology group Wonder News announced on Saturday the launch of its regional headquarters in Bahrain, which will offer services to the clients of the Gulf Cooperation Council countries.
Source: Xinhua | 2019/4/22 11:17:01

Tianhong Asset Management Co. sees profits exceed 3 bln yuan

Profits of Tianhong Asset Management Co., a leader in China's mutual fund industry, jumped 15.82 percent year on year to 3.07 billion yuan (about 458.2 million U.S. dollars) in 2018, according to a statement filed to the Shanghai Stock Exchange.
Source: Xinhua | 2019/4/22 10:44:19

Chinese hi-tech companies enjoy more opportunities by going global

Chinese hi-tech companies should be more proactive in going global to seek more opportunities overseas, the CEO of a Chinese hi-tech toy company, which will be listed on US stock market, said Sunday.
Source: Xinhua | 2019/4/22 8:11:25

Public image of key executives can be 'double-edged sword'

A public relations campaign built around an entrepreneur could be a double-edged sword, Chinese analysts said, as an alleged instance of sexual assault misconduct by Chinese e-commerce company JD.com Chief Executive Richard Liu Qiangdong continued to ferment.
Source: Global Times | 2019/4/21 21:03:40

Chinese netizens lament reported Lay's potato chip price hike

Reported news of PepsiCo's proposed price hike for its Lay's potato chips and Cheetos puffs has made millions of Chinese consumers frown, some lamenting increased costs for the snacks as life and work pressure continue to mount in China.
Source: Global Times | 2019/4/21 20:48:39

Historic edition

An employee shows the special edition stamp for Chinese mythological novel Journey to the West at a post office in Shenyang, capital of Northeast China's Liaoning Province on Saturday. The special edition, with a total face value of 11.40 yuan ($1.70), includes four small stamps and a small sheet featuring different plots of the novel. Thousands of stamp collectors have already bought the set.
Source: VCG | 2019/4/21 20:38:39

Chinese govt meeting discusses new sci-tech board

The Chinese government's emphasis on information disclosure for IPOs for the impending science and technology innovation board shows that this is the most critical factor for the new board to succeed as the country moves away from the approval system, experts said on Sunday.
Source: Global Times | 2019/4/21 20:14:56

Sony eyes China's lucrative anime market as other sectors wane

Japanese conglomerate Sony is reportedly planning to expand its presence in the fast-growing anime market in China, as the company faces tough times in its other businesses including smartphones, and as China vows to improve protection of intellectual property rights (IPR).
Source: Global Times | 2019/4/21 19:13:40

More Chinese to visit Italy, Switzerland

Joining the China-proposed Belt and Road Initiative (BRI) would be a good choice for countries around the world as it brings joint economic development, cultural exchanges and jobs. It seems that the most immediate benefit for those who sign a BRI deal is a tourism boom driven by Chinese visitors as peak vacation season approaches.
Source: Global Times | 2019/4/21 18:33:41

Malicious claim for CIA to declare Huawei gets funds from PLA

Claims that China's Huawei Technologies is funded by Chinese security agencies are groundless, morally malicious and show a lack of understanding about how the world's tech giant is operated and managed. The claims also reflect ongoing efforts of the US to crack down on the advanced global 5G player, which are in line with Washington's zero-sum game approach, industry insiders said Sunday.
Source: Global Times | 2019/4/21 18:13:39

Over 200 Fortune 500 companies sign up for 2nd CIIE

More than 200 Fortune 500 companies have signed up for the second China International Import Expo (CIIE), according to the organizer.
Source: Xinhua-Global Times | 2019/4/21 17:03:39

China, Australia bonded by wine

If he could travel back in time, Yuan Shichao would go back to 2011 to thank himself for his “crazy” decision.
Source: Xinhua-Global Times | 2019/4/21 16:58:39

Ethiopian Airlines considers adding China's C919 planes to fleet

Ethiopian Airlines (ET) Group CEO Tewolde Gebremariam on Thursday said the air carrier is considering adding China's C919 passenger planes to its aircraft fleet.
Source: Xinhua | 2019/4/20 15:59:29

BMW to recall over 360,000 vehicles in China

BMW will recall 360,001 vehicles in China to replace defective airbags, according to a State Administration for Market Regulation statement.
Source: Xinhua | 2019/4/20 13:58:41

Apple expands program to recycle old iPhones

A staff checks parts of iPhone dismantled by recycling robot Daisy of Apple at a workshop in Austin, Texas, the United States, April 15, 2019. Apple said Thursday that it will quadruple the number of outlets in the United States where customers can send their iPhone to be disassembled by its recycling robot, Daisy. (Photo: Xinhua)
Source: Xinhua | 2019/4/20 10:27:57

Chinese, Ukrainian firms open major solar plant in Ukraine

China Machinery Engineering Corporation (CMEC) and Ukraine's largest private energy holding Donbas Fuel and Energy Company (DTEK) on Friday inaugurated a major solar power plant in Ukraine's central Dnipropetrovsk region.
Source: Xinhua | 2019/4/20 10:21:22

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