The boom in e-commerce and social media in China is leading hundreds of millions of Chinese consumers to pay with their mobile phones. In China, mobile payment volume increased about 165% to 208.41 trillion yuan…
TECHNOLOGY
China targets American technology in drive to become innovation leader
China has stepped up efforts to work with American businesses in a bid to acquire advanced technology, part of a drive to become a leading technology-innovation power. “China is pushing to further deepen technology collaboration…
BMW eyes possible electric vehicle joint venture in China: sources
SHANGHAI/BEIJING (Reuters) – German luxury automaker BMW is looking to form a joint venture with Great Wall Motor in China, which could focus on electric vehicles, according to two sources familiar with the matter on…
China targets U.S. technology to become innovation leader
China has stepped up efforts to work with American businesses in a bid to acquire advanced technology, part of a drive to become a leading technology-innovation power. “China is pushing to further deepen technology collaboration…
China Tower could list sooner to capitalise on rise in telecom operators’ share prices
China Mobile, which has the most number of towers on the mainland, contributed 116.4 billion yuan in assets for a 38 per cent share in China Tower. Unicom, China Telecom and the state asset-management firm…
China Unicom, partners evaluate Cameroon-Brazil optical fibre project
Experts say the submarine optical fibre cable offers capacity for about one and half billion subscribers without saturation. Photo Cameroon.info The Management Committee of the Cameroon-Brazil Underwater Telecommunications Cable project met in the … (…
Too Much, Too Soon in China Telecom
China Unicom Hong Kong Ltd.’s landmark mixed-ownership reform has had one unintended consequence: It’s transformed a U.S.-sanctioned communications equipment maker into an $18 billion market darling. Shenzhen-based ZTE Corp. has been on fire since China…
Hyundai, China Unicom To Build Big Data Center In Guizhou
South Korea’s Hyundai Group will cooperate with China Unicom to build a big data center in Guizhou. This is the first overseas big data center for Hyundai Group. With this move, Hyundai hopes to provide…
Apple Watch Series 3 rollout hits speed bumps in China as carriers still not ready
China’s early adopters who tried out Apple Watch Series 3 cellular connectivity with China Unicom are furious after connection failures and China Unicom’s passive reaction. The connection issue, however, seems to be China Unicom’s fault:…
ZTE takes centre stage as 5G pioneer innovator with China Mobile trials
Chinese telecom equipment major, ZTE is today at the forefront of global 5G developments. The company has achieved several landmarks over the last few months, which have cemented its position as an innovator in the…
The rise of new technology giants from China
Lei Jun, founder of smartphone maker Xiaomi, presents an updated version of the company’s “concept smartphone” Mi Mix, the Mi Mix 2, in Beijing on Sept 11, 2017.[Photo provided to chinadaily.com.cn] Google, Amazon, Facebook and…
China: Mobile Payment Volume Hits $5T in 2016
In China, the question “Do you take credit cards?” has quickly changed to “Do you take Alipay? WeChat Pay?” Evelyn Chang, a writer for CNBC, indicates that as a foreigner visiting mainland China, she often…
China’s AI Awakening
If this country-wide effort succeeds—and there are many signs it will—China could emerge as a leading force in AI, improving the productivity of its industries and helping it become leader in creating new businesses that…
