The all-cash sale will include almost all assets including brand, research & development capabilities and supply chain management.Huawei established Honor in 2013 but the business mostly operates inde … ( read original story …)
Monthly Archives For November 2020
China Import Fair Sees $72.62 Billion Worth of ‘Intentional’ Deals Signed, Says State Media
The third China International Import Expo (CIIE) saw $72.62 billion worth of “intentional” deals signed at the event this year, up 2.1% over the prior year, state news agency Xinhua reported on … ( read…
Beijing Says Trump Lost ‘Rust-Belt States’ Because of Trade War, ‘Roaring Nationalism’ Failed
Trump won in the ‘Rust Belt states’ of Wisconsin, Michigan, and Pennsylvania…But he lost all of them this year,” the state-run Global Times outlet wrote Monday. ( read original story …)
China’s ‘Uber for Trucks’ Raising $1.7 Billion Ahead of IPO Next Year
Full Truck Alliance, a Chinese startup that provides an Uber-like service for the trucking industry, is being valued at $10 billion before the capital raise, according to people familiar with the … ( read original…
Scientists watch as China remote glaciers melt at ‘shocking’ pace
Glaciers in China’s bleak Qilian mountains are disappearing at a shocking rate as global warming brings unpredictable change and raises the prospect of crippling, long-term water shortages, scientists … ( read original story …)
Covid: China’s Sinovac vaccine trial halted in Brazil
The Brazilian clinical trial for a high-profile Chinese Covid-19 vaccine has been suspended after health authorities reported a “severe adverse” incident. Brazilian health regulator Anvisa said the … ( read original story …)
China reports 22 new COVID-19 cases versus 33 a day earlier
China reported 22 new COVID-19 cases as of Nov. 9, down from 33 cases a day earlier, its health authority said on Tuesday. The National Health Commission said one of the new cases was a…
China economy: will hot property market threaten post-pandemic rebound?
With Beijing concerned that the sector is overheating, heavily indebted developers like Evergrande face intense scrutiny … ( read original story …)
Exclusive: Huawei to sell $15 billion Honor unit to Shenzhen government, Digital China, others – sources
Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of … (…
Hong Kong, Shenzhen need team effort to develop cooperation zone
Jonathan Choi Koon-shum, chairman of the Hong Kong Chinese General Chamber of Commerce, calls for Hong Kong and Shenzhen to team up and pool their strengths in the development of the Shenzhen-Hong … ( read…
China publishes draft competition rules for online platforms
China’s market regulator on Tuesday published draft rules aimed at preventing monopolistic behavior by internet platforms, in a move that will increase scrutiny on the country’s e-commerce … ( read original story …)
Coronavirus: China Sinovac vaccine trial halted in Brazil
The Brazilian clinical trial for a high-profile Chinese Covid-19 vaccine has been suspended after health authorities reported a “severe adverse” incident. Brazilian health regulator Anvisa said it … ( read original story …)
China gears up for world’s largest online shopping festival
Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles’ Day online shopping festival, as the country recovers from the … ( read original…
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