China has the world’s biggest population of internet users … Meanwhile, Beijing is cracking down on the use of virtual private networks — technology that creates encrypted links between computers and can be used to…
Monthly Archives For September 2017
After Google and Facebook, WhatsApp banned in China
But a The New York Times report claims the messaging service now appears to be blocked in most parts of mainland China. WhatsApp was the last available products from Facebook in the country, after the…
China May Make Life a Little Easier for American Electric Automakers
South China Morning Post reports that a robo-dentist has autonomously … Still, if it can crack the making of its own specs, their arrival could further cement AI butler technology as the primary way we…
South China Financial Holdings Ltd. (0619) Dips -1.85% on Sep 26
Shares of South China Financial Holdings Ltd. (HKG:0619) last traded at 0.053, representing a move of -1.85%, or -0.001 per share, on volume of 8.55 million shares. After opening the trading day at 0.05, shares…
CHINA STATE GROUPS ENJOY PROFIT REVIVAL AMID COMMODITY BOOM / THE FINANCIAL TIMES
China’s buoyant property market has fuelled the country’s unexpectedly … “The top leadership has made it clear that financial vulnerabilities and debt accumulation is the biggest risk. I think they are at the stage where…
China’s state-owned business reform a step in the wrong direction
When a mix of Chinese privately owned and state-owned companies came together in August to buy shares in China Unicom’s $11.7bn offering, Beijing heralded it as another milestone for reform of country’s state-owned enterprises. It…
Unicom seeks closer investor ties with data centre unit
State-owned China Unicom, the country’s second largest mobile operator, established a big data company as it moves to forge partnerships with its new strategic investors, China Daily reported. Hong Kong-listed China Unicom announced in August…
Unicom tapping into big data
An anti-fraud platform of China Unicom at a cybersecurity expo held in Shanghai. [Photo by Gao Erqiang/China Daily] China United Network Communications Group Co Ltd, the country’s second-largest mobile carrier by subscribers, set up a…
China’s mobile banking market overview Q2 2017
Total transactions of China mobile banking clients totaled 55.63 trillion yuan (US$8.44 trillion) with an increase of 5.1% QoQ. China Construction Bank (26.1%) and Industrial and Commercial Bank of China (21%) combined account for close…
China busts secret bank in Guangzhou sending assets abroad
SHANGHAI: Chinese police have broken up a secret banking operation used to transfer assets abroad, the official China Daily reported on Tuesday. The underground bank, hidden in a food market in the southern city of…
China Banking Association says S&P’s ratings cut ‘simple, biased’
The S&P Global Ratings’ downgrade of China’s sovereign credit rating is a “simple, biased and unfair” decision that is against economic fundamentals and indicators, China Banking Association said Monday. The association said the rating downgrade…
Asian Development Bank boosts China’s economic forecast
The Asian Development Bank (ADB) raised its outlook for China’s economic growth this year on the back of strong domestic consumption, an export recovery and solid growth in services. ADB now expects China’s economy to…
China’s iQiyi considers U.S. listing as early as 2018: source
HONG KONG/BEIJING (Reuters) – Baidu Inc’s (BIDU.O) video streaming service iQiyi, a Chinese-style Netflix (NFLX.O), is eyeing a potential initial public offering in the United States as early as next year, a person with direct…
