BUSINESS >> Companies

Apple speeds up construction of first China data center

The construction of Apple Inc's first China data center has picked up speed in southwest China's Guizhou Province.
Source: Xinhua | 2019/4/26 21:05:04

Foreign PE firm upbeat about investment opportunities in China

Investment opportunities in China pose great appeal to foreign private investment firms as China remains as one of the fastest growing economies in the world, a foreign private equity (PE) firm said.
Source: Xinhua | 2019/4/26 9:55:03

China's smartphone maker OPPO becomes Wimbledon's first sponsor from Asia

China's smartphone maker OPPO has become the first official smartphone partner of Wimbledon tennis championships, the All England Lawn Tennis Club (AELTC) announced on Thursday.
Source: Xinhua | 2019/4/26 9:07:29

Tesla reports larger-than-expected Q1 loss

US carmaker Tesla reported a larger-than-expected loss of more than $700 million in the first quarter, a result that one analyst said reflected poor strategic choices.
Source: Global Times | 2019/4/25 21:38:40

ZTE to build smart campus in Lhasa, boost 5G use

Chinese telecommunication equipment maker ZTE will work with Tibet University to build a smart campus using a combination of technologies including 5G networks and augmented reality and virtual reality (VR), boosting 5G deployment in Southwest China's Tibet Autonomous Region, ZTE told the Global Times on Thursday.
Source: Global Times | 2019/4/25 20:38:41

TikTok welcomes reversal of court ban in India, vows to improve safety features

A TikTok spokesperson applauded on Thursday an Indian court's decision to lift its ban on TikTok's downloads in the market.
Source: Global Times | 2019/4/25 20:28:40

How a little-known Shenzhen smartphone-maker became 'king of mobile' in Africa

While top Chinese smartphone-makers like Xiaomi, Vivo and Oppo have all gained footholds in Africa, China's Transsion Holdings, a little-known handset producer with few Chinese users, has taken the crown as “king of Africa's mobile phone market.”
Source: Global Times | 2019/4/25 19:37:28

Chinese companies' BRI stories

Wang Ziyang, the chief representative of China Gezhouba Group Corporation (CGGC)'s office in Nepal, has been busy with final preparations for the Upper Trishuli-3A Hydropower Plant in Nuwakot, which is 95 kilometers north of Nepal's capital Katmandu.
Source: Global Times | 2019/4/25 19:23:40

CFLD business expanding fast, signals confidence in domestic market

According to the 2018 Annual Report issued by China Fortune Land Development (CFLD, 600340.SH) on April 19, CFLD achieved business income of 83.8 billion yuan ($12.4 billion) in 2018, a year-on-year increase of 41 percent. The report also shows that in 2018, CFLD achieved a net profit of 11.7 billion yuan, a year-on-year increase of 33 percent, which was attributable to shareholders of the listed company.
Source: Global Times | 2019/4/25 17:13:41

China's top liquor brand Kweichow Moutai's revenue up 24 pct in Q1

China's leading liquor maker Kweichow Moutai reported Thursday that its revenue grew 23.9 percent year on year to 21.6 billion yuan (3.2 billion US dollars) in Q1 2019.
Source: Xinhua | 2019/4/25 15:51:22

ZTE will build smart campus in Tibet, boosting 5G use in the autonomous region

ZTE will work with Tibet University to build a smart campus using a combination of technologies including 5G network and AR/VR technology, boosting 5G deployment in Southwest China's Tibet Autonomous Region, ZTE told the Global Times on Thursday.
Source: Global Times | 2019/4/25 12:41:42

China's central bank denies rumors of targeted RRR cut

The People's Bank of China (PBC), the nation's central bank, has denied rumors of a 100 basis point targeted reserve requirement ratio (RRR) cut covering rural financial institutions that would be effective on Thursday.
Source: Global Times | 2019/4/24 20:58:40

Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019

Alphabet Inc's Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future.
Source: Reuters-Global Times | 2019/4/24 20:13:40

Hydrogen, fuel cells help China go green

China will push ahead with the development of the hydrogen energy and fuel cell vehicle industry, a government official said on Tuesday, as part of wider efforts to promote green energy in the world's largest auto market.
Source: Reuters-Global Times | 2019/4/24 20:08:40

Hyundai likely to shut Beijing plant amid sinking sales in China

South Korea's Hyundai brand is facing a supply glut in China and plans to shut down one of its Beijing plants in May, Hyundai dealership owners and employees said on Wednesday.
Source: Global Times | 2019/4/24 19:53:42

UK reportedly approves Huawei's presence in 5G, a 'good start' to break US-led battle against Chinese firm

Huawei Technologies welcomed on Wednesday the UK's reported move in allowing the Chinese company to enter its 5G market, which is seen as a good start for the company - a major player in the global 5G roll-out - to break the US-led geopolitical battle against it, analysts said.
Source: Global Times | 2019/4/24 19:33:41

UK reportedly approves Huawei's presence in 5G, a 'good start' to break US-led battle against Chinese firm

Huawei Technologies welcomed on Wednesday the UK's reported move in allowing the Chinese company to enter its 5G market, which is seen as a good start for the company - a major player in the global 5G roll-out - to break the US-led geopolitical battle against it, analysts said.
Source: Global Times | 2019/4/24 18:23:40

Catching-fire Tesla in Shanghai spurs investigation

An investigation is underway involving a Tesla Model S bursting into flames in an underground garage in Shanghai, according to the municipal firefighting bureau.
Source: Xinhua | 2019/4/24 12:50:17

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