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BUSINESS >> Companies

EY two-faced about stance on China's territory

If the Big Four accounting firms cannot clarify their stance on China's territory and sovereignty to be both externally and internally correct, their businesses in the Chinese market cannot be sustained, analysts told the Global Times.
Source: Global Times | 2019/8/25 20:28:39

Consumers question Shanghai Disney's bag check policy, citing encroachment of privacy

An explanation by the Shanghai Disney Resort over the weekend about its entry policy, which asks all visitors to open their bags and have all items checked by staff, has been challenged by Chinese consumers, who said the policy is an invasion of privacy and is commercially motivated.
Source: Global Times | 2019/8/25 18:38:39

Geely reports 40% slump in H1 profit, sees uncertain demand

China's Geely Automobile Holdings said on Wednesday that first-half net profit slid 40 percent year-on-year amid a sustained downturn in the world's biggest auto market, and it forecast an uncertain outlook for vehicle demand for the rest of the year.
Source: Reuters-Global Times | 2019/8/24 20:13:40

Walmart sues Tesla over solar system fires

Walmart Inc on Tuesday sued Tesla Inc, accusing it of "widespread negligence" that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its US stores.
Source: Reuters-Global Times | 2019/8/24 20:03:40

Huawei trains Nigerian civil servants to promote e-governance

Cooperation between China and Nigeria further yielded a positive result on Thursday, following the graduation of a total of 935 Nigerian civil servants who had undergone a training program on information and communications technology (ICT) by Chinese technology giant Huawei.
Source: Xinhua | 2019/8/24 9:18:52

Huawei defies US ban again, launches new AI chip

Chinese telecom giant Huawei on Friday again showed its defiance in the face of what is widely believed to be a politically motivated crackdown by the US government, as it released what it claims to be the world's most powerful artificial intelligence (AI) chip and laid out its ambitious roadmap in the critical sector.
Source: Global Times | 2019/8/23 15:44:33

On eve of G7, Huawei representative calls on Europe to resist US pressure

On eve of the G7 meeting, Huawei's chief representative to the European Union Institutions said Friday that Huawei will continue to strengthen its cooperation with governments, mobile operators and local industrial partners in Europe, despite the attempts of the United States to drive it out of market.
Source: Xinhua | 2019/8/23 19:42:36

Multinationals value Chinese market, provide long-term commitments

Multinational giants are unveiling strategies to boost investment in China despite the fact that global economic growth, including China's, is under downward pressure.
Source: Global Times | 2019/8/23 18:40:05

Huawei launches powerful AI processor Ascend 910

Chinese tech giant Huawei on Friday launched the Ascend 910, which is described by the company as the world's most powerful artificial intelligence (AI) processor, and an all-scenario AI computing framework MindSpore.
Source: Xinhua | 2019/8/23 17:54:19

Huawei heads latest ranking of China's private companies despite US crackdown

Chinese telecommunications giant Huawei has ranked No.1 on a list of China's 500 largest private enterprises for the fourth consecutive year, despite a crackdown on the company by the US.
Source: Global Times | 2019/8/22 21:53:40

Beijing-based panel maker confident on market for foldable screens

Leading Chinese semiconductor display panel producer BOE Technology has expressed optimism over the future of foldable flexible screens despite disappointing market developments in the year.
Source: Global Times | 2019/8/22 21:12:44

Chinese carriers to operate ARJ21 to support regional air routes: report

China Eastern Business Jet Co, a subsidiary of China Eastern Airlines Co, will expand into its public air transport and operations using some domestic aircraft such as the ARJ21 and C919, media reports said on Thursday.
Source: Global Times | 2019/8/22 21:12:31

Banking sector breaks silence after two months, condemns violence in HK

As a core business in the Hong Kong Special Administrative Region (HKSAR), the banking industry has finally started to make statements about the ongoing radical protests in the city and criticize violence via local media.
Source: Global Times | 2019/8/22 20:53:45

China picks up pace in civil aircraft development

China has seen a faster and increased pace in its civil aircraft industry development, with multiple major aircraft models entering new phases.
Source: Global Times - Xinhua | 2019/8/22 18:08:40

Xiaomi growth slows, consumers await 5G

Chinese smartphone maker Xiaomi Corp posted its slowest revenue growth as a public company, missing analysts' estimates. This came as it lost its market share to Huawei and customers held on to their current phones before a 5G overhaul.
Source: Global Times | 2019/8/22 17:58:40

Huawei sits top as China unveils ranking of 500 largest private firms

Chinese telecommunications giant Huawei sits top a list of China's 500 largest private enterprises for the fourth consecutive year, despite a crackdown on the firm by the US.
Source: Global Times | 2019/8/22 15:53:40

Huawei eyes greater transparency, openness

Chinese tech giant Huawei would continue enhancing its transparency and regard itself as a public-listed company, an executive said on Wednesday.
Source: Xinhua | 2019/8/22 13:56:34

First 5G-covered express rail to usher in more economic opportunities in Greater Bay Area

The Guangzhou-Shenzhen-Hong Kong Express Rail Link will be the first express rail in China to be covered by 5G networks, Wei Ming, CEO of China Mobile's branch in South China's Guangdong Province, said on Wednesday.
Source: Global Times | 2019/8/22 13:48:40

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