That means carriers in the United States and China may be racing to build infrastructure more quickly than the technology that would make best use of it is developing. At a recent Huawei summit meeting in the company’s home city, Shenzhen, executives ... ( read original story ...)
BRIEF-China Internet Nationwide Financial Says Independent Committee Completed Investigation Into Allegations In Muddy Waters Report
* CHINA INTERNET NATIONWIDE FINANCIAL-INVESTIGATION FOUND NO MATERIAL INCONSISTENCY BETWEEN GROSS REVENUE IN CO’S BOOKS & RECORDS & REVENUE REPORTED IN SEC REPORTS * CHINA INTERNET NATIONWIDE FINANCIAL - INVESTIGATION FOUND ACQUISITION OF BEIJING ... ( read original story ...)
21 hot cars at the 2018 Beijing Auto Show
There are few segments of the global economy where this is more evident than the auto industry. For more car makers, China is the most important market in the world. The Middle Kingdom's new-found wealth and 1.5 billion strong population have helped create ... ( read original story ...)
China is monitoring employees’ brain waves and emotions — and the technology boosted one company’s profits by $315 million
Chinese businesses and the military are monitoring employees' brain activity and emotions. The "emotional surveillance technology" helps employers identify mood shifts so they can change break times, an employee's task, or even send them home. The ... ( read original story ...)
Is Regulation Finally Taming Shadow Banking in China?
Having injected fresh energy into the curbing of shadow banking during last year’s final quarter, it seems that China is now finally seeing its efforts starting to pay off. The once-booming controversial financial sector, which has on many occasions ... ( read original story ...)
BRIEF-China Development Financial Holding unit disposes stake in Qisda for T$3.43 bln
* Says its unit CDIB Capital Group disposes 149.5 million shares of Qisda Corp, at the average price of T$22.954 per share, for T$3.43 billion in total ( read original story ...)
China’s Baidu to sell majority of financial services unit for $1.9 billion
(Reuters) - China’s Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP [TPG.UL] and Carlyle Group LP, as it seeks funding to take on established fintech ... ( read original story ...)
China eases restrictions on foreign ownership of securities ventures
BEIJING (Reuters) - China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation ... ( read original story ...)
T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China
(Reuters) - T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States ... ( read original story ...)
Looming $10 Billion IPO Has Hong Kong Bracing for a Cash Crunch
Market players already got a taste of the cash crunch a giant IPO brings when Ping An Good Doctor, a unit of China’s biggest insurer by value, started locking in retail investors for its $1.1 billion IPO last week. Hong Kong’s one-month Hibor rate ... ( read original story ...)