China Mobile reported operating revenue of CNY 185.5 billion for the first quarter of 2018, which represents an increase of 0.8 percent year-on-year. First-quarter EBITDA reached CNY 69.7 billion, up by 3.9 percent year-on-year, while…
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China Mobile’s Q1 profit, EBITDA grow 4%
China province tries spraying and publicly shaming jaywalkers to deter them
according to a report in the official Beijing News. This method, undertaken by the government in Hubei province in central China, uses knee-high yellow poles installed on the curb at each end of a crosswalk.…
China Unicom and Huawei Sign a Joint Innovation Agreement on 5G Network Slicing
[Shenzhen, China, April 23, 2018] China Unicom and Huawei have signed a joint innovation agreement on 5G network slicing. The partners plan to jointly carry out research, demonstration, and application of 5G network slicing, develop…
Shanghai gets automated bank with VR, robots, face scanning
The branch opened last week in central Shanghai’s Huangpu district and is being hyped as China’s first “unmanned bank.” Beijing-based China Construction Bank says the high-tech branch is meant to make banking more convenient, personalized,…
Beijing says welcomes Mnuchin visit for crunch trade talks
Beijing on Sunday said it would welcome a visit from US Treasury Secretary Steven Mnuchin, who said he was considering a trip to the Chinese capital to hold talks on the trade dispute seen as…
‘Scary Mother’ Named Top Film at Beijing Festival
The Tiantan awards were presented at a spectacular closing ceremony on Sunday night outside the Chinese capital. In attendance at the closing ceremony, local stars included Huang Bo, actresses Lin Chi-ling and Tong Liya. The…
China Targets 100% Clean Power for Area Near Beijing
Region to act as guide for existing city infrastructure: Peng China aims to supply a new economic zone being built near Beijing, known as the Xiongan New Area, with 100 percent clean electricity, according to…
China Mobile : 1Q profit up 4% to Rmb25.8bn
to equity shareholders for the first quarter of 2018 rose 4.1% year-on-year to Rmb25.8 billion. Operating revenue was Rmb185.5 billion, up 0.8% over the same period last year; of which, revenue from telecommunications services was…
At war with Alibaba: Top brands fight China e-commerce giant
SHANGHAI — It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 per cent jump in online sales on Alibaba’s Tmall, thanks to the e-commerce giant’s…
China opposes all forms of protectionism, commerce minister says
BEIJING (Reuters) – China opposes all forms of protectionism and will firmly safeguard the world’s multilateral trading system, its commerce minister wrote on Monday in the ruling Communist Party’s official newspaper. China will quicken the…
China’s ZTE seeking a solution to U.S. tech ban
BEIJING — ZTE Corp., one of China’s biggest tech companies … The sanctions could handicap ZTE’s global business selling smartphones that use Google Inc.’s Android system and network gear for phone and internet companies that…
China’s Tencent Music Edges Towards IPO (Report)
Tencent Music, the music distribution business of China’s social media giant Tencent, could be headed for an initial public offering later this year. The Wall Street Journal reported that Tencent expects to audition investment banking…
Treasury chief may visit China as trade tensions simmer
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to…
