Hedge funds and other institutional investors own 2.01% of the company’s stock. The institutional investor acquired 9,020 shares of the Wireless communications provider’s stock, valued at approximately $498,000. Fox Run Management L.L.C. raised its stake…
TECHNOLOGY
China Unicom obtaining 700MHz spectrum from state agency
China’s second largest player China Unicom is currently in talk with the country’s State Administration of Radio, Film and Television (SARFT) to obtain 700MHz spectrum in exchange for shares. A deal looks set to be…
Apple to open data center in China with government ties
Backups and other data stored in iCloud accounts by customers outside China will continue to be stored in data centers in the U.S. and eventually Denmark. Other major technology companies, including Amazon, Microsoft, and IBM,…
China Mobile and ZTE take another small step towards 5G
China Mobile and ZTE have announced (yet) another partnership which takes the pair one (small) step closer to the world of 5G. The partnership itself will focus around the development of Massive MIMO base stations…
Apple sets up China data center to meet new cyber-security rules
BEIJING (Reuters) – Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month.…
China Is Using Facial Recognition to Nab Jaywalkers; Investors Get Interested
SHANGHAI—A Chinese startup that sells facial recognition systems to police forces secured venture-capital funding that values it at more than $1.5 billion, underscoring the sector’s emergence as one of technology’s hottest areas of interest. (…
Dr. Zhang Lijun: How the Startup Legend of China Mobile Games and Entertainment Was Created
On August 11, 2015, China Mobile Games and Entertainment Group, No. 1 mobile game issuer in China and leading developer in the world, publicly announced the completion of its merge with Orient Securities. In 2012,…
China Is Quickly Embracing Facial Recognition Tech, For Better And Worse
While the answer is likely to be no for many in the west, the scenario is becoming a reality in China. Facial-recognition technology, once a staple of Minority Report-style movies, is quickly inserting itself into…
Eyeing sleepy office workers, China’s ‘sharing economy’ opens nap capsules
BEIJING (Reuters) – For China’s sleep-deprived white-collar workers needing a place for a nap, a booming “sharing economy” offering a growing range of services has come up with a cheap, mobile-friendly solution: capsule hotels. With…
China’s Great Firewall may squash VPN workarounds by Feb. 1
According to Bloomberg’s sources, state-run carriers China Mobile, China Unicom and China Telecom have until February 1 to keep people from using VPN technology. VPNs allow Chinese citizens to evade the country’s notorious so-called “Great…
China Tells Carriers to Block Access to Personal VPNs by February
China’s government has told telecommunications carriers … requirements on the transfer of data and may give Beijing unprecedented access to their technology. Companies operating on Chinese soil will be able to employ leased lines to…
China Bike-Sharing Titan Mobike Sets Sights on Washington, D.C.
Chinese bike-sharing giant Beijing Mobike Technology Co. has its sights set on Washington, D.C. The startup, known as Mobike, on Monday began advertising for jobs in the greater Washington area, showing how its intention to…
China’s hi-tech snack shops run into low-tech snag – summer heat
One is operated by technology start-up BingoBox, and opened last month near the China headquarters of French retailer Auchan, which supplies the hundreds of products offered. Some customers had complained that cakes were misshapen and…
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