Shanghai (Gasgoo)- According to local media, Beijing issued its first batch of temporary plates for road tests of autonomous vehicles. Beijing Baidu Network Technology Co., Ltd., Baidu Inc’s subsidiary, was given 5 temporary plates. Reportedly,…
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Baidu granted Beijing’s first plates to test autonomous vehicles
China Mobile warns of revenue pressure due to price cut
HONG KONG (Reuters) – China Mobile, the world’s biggest mobile phone operator by subscribers, warned on Thursday of revenue pressure as it plans to cut prices by more than 30 percent this year in response…
China calls U.S. repeat abuser of world trade rules as it braces for tariffs
China accused the United States of “repeatedly abusing” trade practices, as Beijing braced on Thursday for an imminent announcement from U.S. President Donald Trump slapping more tariffs on Chinese imports. The U.S. tariffs on Chinese…
China’s oil futures: frazzle or dazzle for foreign traders?
It’s all very different.” So far, China has opened more than 6,000 trading accounts, including the country’s oil majors and about 150 brokerages. Ten foreign intermediaries have registered, including J.P.Morgan, Bands Financial, Straits Financial Services…
The ‘Chinese Netflix’ iQiyi is gearing up for$2 billion–plus IPO: 4 things to know
It would also mark the highest-value IPO since Snapchat parent Snap Inc. SNAP, +3.56% went public last March in a $3.4 billion deal, said Smith. Underwriters Goldman Sachs (Asia), Credit Suisse, Bank of America Merrill…
China’s Communist Party seeks to control media messages
Under the plan announced Wednesday by the official Xinhua News Agency, China Radio International, China National Radio and China Central Television, along with its international broadcast arm, China Global Television Network, will be merged into…
China paper says Beijing should prepare for military action over Taiwan
A widely read Chinese state-run newspaper said on Thursday China should prepare for military action over self-ruled Taiwan, and pressure Washington over cooperation on North Korea, after the United States passed a law to boost…
China Mobile 2017 net profit up 5 percent on boost from 4G subscriber growth
“We are expecting 5G technology development to drive new business models across the spectrum,” it said in a statement. China Mobile announced a final dividend of HK$1.582 per share for the year ended December 2017.…
Chinese drone maker DJI seeking at least $500 million in pre-IPO funding: sources
HONG KONG (Reuters) – China’s SZ DJI Technology Co Ltd, the world’s largest maker of drones for consumers, is in talks with investors for at least $500 million in funding ahead of a planned stock…
OneSmart International Education Files Updated Terms For U.S. IPO
OneSmart International Education Group intends to raise $196 million in a U.S. IPO. The firm operates a growing K-12 offline education services business to affluent and mass-affluent demographics within China. A history of strong growth…
Beijing gives Baidu go-ahead to test self-driving cars as US reviews safety after Uber fatal crash
Beijing gave the long-awaited go-ahead to Baidu to conduct open-road tests for its autonomous vehicles, days after a self-driving Uber car failed to slow down and killed a 49-year-old woman in the US. Baidu, named…
China raises a key market interest rate, following Fed’s move
SHANGHAI (Reuters) – China gingerly raised a key short-term interest rate on Thursday following the U.S. Federal Reserve Bank’s move overnight, in a symbolic reminder that Beijing is keeping an eye on global market trends…
China names financial heavyweight Guo to head new banking, insurance regulator
BEIJING (Reuters) – Chinese financial heavyweight Guo Shuqing has been appointed head of the country’s newly merged regulator for the banking and insurance sectors, Financial News, the official newspaper of the central bank, said in…
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