China Unicom chairman Chen Zhongyue outlined its vision to emerge as true tech services company, with AI and partnering key to the shift.
Monthly Archives For June 2024
Senior Chinese legislator meets Türkiye guests in Beijing
Li Hongzhong vice chairman of the National People Congress Standing Committee met with a delegation of the Justice and Development Party of Tampuu
This year’s IPO market got off to a roaring start. Now some fear it’s out of gas
Momenta, the Chinese self-driving company that is backed by GM, has also filed confidentially to go public in the U.S. Last week, China’s securities regulator approved the IPO in the U.S., Reuters …
Two Adidas employees out in China corruption probe
Two employees have left Adidas as a result of an ongoing investigation launched by the German sportswear brand into allegations of corruption in China.
Beijing city cuts home buying costs to boost demand
BEIJING, June 26 (Reuters) – China’s capital city Beijing announced steps on Wednesday to reduce the cost of buying a home, including cutting mortgage interest rates and the minimum down-payment ratio, to try to boost…
Beijing Becomes Last Mega China City to Ease Housing Rules
(Bloomberg) — China’s capital city of Beijing eased homebuying requirements for downpayment and mortgages, joining the country’s other mega cities to support the real estate sector. Most Read from Bloomberg YouTuber Dr Disrespect Was Allegedly…
Beijing lowers minimum down payment ratio for first home buyers to no less than 20%
China’s capital city Beijing on Wednesday lowered the minimum down payment ratio for first home buyers to no less than 20%, according to a local government statement. It also lowered the minimum down payment ratio…
US probes China’s telecom ‘espionage’: 3 companies under scrutiny
According to Reuters, the US is investigating China Mobile, China Telecom, and China Unicom for potential espionage. Reuters suggests that this probe is happening on the sidelines without official confirmation. The US has recently strengthened…
US investigates China Telecom, China Mobile for security risks
The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their US cloud and internet businesses by providing it to Beijing, three…
GSMA’s Granryd trumpets China 5G lead
Cloud revenue across China’s main mobile operators has totalled $11 billion in the past three years. 5G’s contribution to China’s GDP will also keep growing. By 2030 it will add $260 billion, a doubling from…
Xi Jinping admits China is ‘relatively weak’ on innovation and needs more talent to dominate the tech ‘battlefield’
Indeed, Xi mentioned innovation 55 times in his speech on Tuesday, emphasizing it while discussing artificial intelligence, quantum technology, biotech, and new energy. And China’s tech breakthroughs are too scattered across various companies and sectors…
Taiwan reports Chinese ‘combat patrol’, Beijing vows to hunt independence ‘diehards’
TAIPEI/BEIJING – Taiwan’s defence ministry said on Wednesday that China had carried out another “joint combat readiness patrol” near the island, as Beijing said it would track down and punish “diehard” independence supporters wherever they…
China hopes EU will pursue a ‘rational, pragmatic’ policy towards the country, foreign minister says
China hopes the European side will pursue a “rational and pragmatic” policy towards the country, Foreign Minister Wang Yi said in a phone call with Hungarian Foreign Minister Peter Szijjarto on Tuesday.
