China on Thursday said it backed further measures against North Korea, although Chinese analysts doubted Beijing would support tough new sanctions being proposed by the United States. The US is seeking an oil embargo, a ban on the textiles trade and a ... ( read original story ...)
China e-car venture Future Mobility names brand Byton, eyes U.S., Europe
SHANGHAI (Reuters) - Chinese electric-car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has named its brand “Byton” that it plans to launch in the United States and Europe soon after starting sales at home in 2019. ( read original story ...)
Apple, Chinese Brands Beat Samsung’s China Q2 Sales Despite Galaxy S8 Release
Despite bringing its Galaxy S8 flagship phone to China, Samsung still failed to increase its sales in the country. Meanwhile, Apple managed to emerge as the top smartphone seller during the second quarter, with Chinese phone makers trailing behind. ( read original story ...)
Chinese logistics firm Best, backed by Alibaba, launches $930 million U.S. IPO
The Hangzhou-based company, led by Johnny Chou, a former Greater China president for Alphabet Inc’s (GOOGL.O) Google, plans to list on the New York stock exchange and the IPO is expected to value Best at up to $5.7 billion. The company had in June said ... ( read original story ...)
Goldman suspends work on U.S. IPO of HNA’s Pactera unit: sources
Goldman was not formally mandated for the IPO, which was in the early stages ... It is seeking to raise capital through convertible bonds, two of the sources said. HNA, one of China’s most acquisitive conglomerates, has seen its banking relationships ... ( read original story ...)
Blocked in China, Facebook Is Said to Seek a Shanghai Office
Like other cities in China, Shanghai has been eager to attract technology start-ups and other internet-related investments. Earlier this year, a woman listed as the executive director of the company that released Colorful Balloons on Facebook’s behalf ... ( read original story ...)
China’s ICO Ban Doesn’t Mean It’s Giving Up On Crypto-Currencies
There were 43 ICO platforms in China as of July 18, according to a report by the National Committee of Experts on the Internet Financial Security Technology. Sixty-five ICO projects had been completed, the committee said, raising 2.6 billion yuan ($398 ... ( read original story ...)
Mexico signs e-commerce deal with China’s Alibaba Group
The deal comes as Mexican President Enrique Pena Nieto wraps up a trip to China to discuss trade and investment, as part of a strategy to diversify and open new markets for his country’s products. With U.S. President Donald Trump repeatedly threatening ... ( read original story ...)
Hashtag Trending – Tech execs react to DACA repeal, Google hiring in China
Tech executives speak out against Donald Trump’s move to end DACA, Google is hiring artificial intelligence talent in China, and Lenovo fesses up to spyware. From Twitter, technology company executives are reacting to this weekend’s announcement that ... ( read original story ...)
China developing sea launch system to boost space commerce
State-owned China Aerospace Science and Technology Corporation (CASTC) said it is developing sea launch systems for commercial payloads to be carried by Long March rockets in 2018. The group disclosed its plan for the sea launches. A launch platform will ... ( read original story ...)