China’s State Grid came in second with $315.20 billion in revenue in 2016, followed by China’s major oil companies Sinopec Group and China National Petroleum Corporation. Warren Buffet’s insurance and investment group Berkshire Hathaway made…
Monthly Archives For July 2017
Graduate brings sweet smell of lavender to North China
[Photo/VCG] After Yang Tong graduated from a college in 2010, the post-80s man returned to his hometown to open the first lavender farm in Zhangjiakou, North China’s Hebei province. Not only Yang planted general lavender…
Wynn Resorts shares crater after walk-in business in China slows down
Shares of high-end hotel operator Wynn Resorts fell more than 6 percent Wednesday after the company said gambling at their tables decreased in Macau. Wynn said mass market operations, or walk-in business, from Wynn Macau…
China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists
“Partnering with PayPal on technology and product innovation will provide Baidu users with the ultimate cross-border consumer experience,” said Baidu senior vice president Guang Zhu. The deal comes as China’s top payment firms, Alibaba Group…
Hunting rhinos: What Dalian Wanda saga says about China
That was the stark assessment a long-time China watcher gave me while discussing what’s happening to one of the country’s richest men, Wang Jianlin. Mr Wang, once considered a Beijing favourite, seems to have fallen…
Pyramid Investigation Has Investors Protesting Near Heart of Beijing
BEIJING — Many hundreds of Chinese investors set to profit from what the police have called a pyramid scheme took to the streets of Beijing on Monday, not to protest the business in which some…
China military setting up technology research agency
July 26 (UPI) –China has reportedly established a new military department to develop new technology and state-of-the-art weapon systems. The Scientific Research Steering Committee was set up early this year and revealed for the first…
China’s facial recognition technology is growing rapidly and it’s as scary as Minority Report
The use of facial recognition technology in China is so extensive that it has become alarming. Facial recognition is used for naming and shaming jaywalkers, buying a meal at KFC, and even to predict crimes…
Wanda’s tech unit eyes leadership role in China’s public cloud market within five years
Wanda Internet Technology said it will officially launch its public cloud service in China in the first quarter of next year after it inked a partnership deal with IBM in March. Despite being a latecomer…
China to launch ‘unhackable’ communications network with quantum technology
China is looking to make the life of hackers much, much more difficult. The Jinan Institute of Quantum Technology announced on Tuesday that China has plans to launch a wholly functional quantum communications unit in…
Sri Lanka allows China to invest in controversial southern port – China’s latest business and technology news
summary of the top news in Chinese business and technology for July 25, 2017. Part of the daily SupChina newsletter, a convenient package of China’s business, political, and cultural news delivered to your inbox for…
China denies its jets operated dangerously in US encounter
China on Tuesday denied its fighter jet pilots operated dangerously during an encounter with a U.S. surveillance plane in international airspace in which the American pilot took evasive action to avoid a possible collision. Spokesman…
Hong Kong-China train station could apply mainland law
Under the new plan, passengers will be able to undertake border clearance procedures for both Hong Kong and China successively in one building in West Kowloon, Hong Kong. And it will be mainland law which…
ADVERTISEMENT
