BEIJING China’s military will tighten financial oversight with revised auditing rules coming into effect from Jan. 1, meaning all the armed force’s financial dealings will have to be audited, the Defence Ministry said on Wednesday…
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China Clamps Down on Popular Online Video-Streaming Services
The new guideline is the latest effort by the media regulator to consolidate control over an explosion of new digital media content that has operated beyond the confines of China’s traditional media. In recent years,…
KPMG outlines blockchain technology impacts and countermeasures for banks in China
Big Four accounting firm KPMG recently published its third quarterly report on China’s banking sector. Among a variety of topics is the implications and countermeasures for commercial banks, “under the rise of blockchain technology.” KPMG’s…
Snap sets up Spectacles tech office in China
Snap Inc., the Los Angeles start-up behind Snapchat and video-taking sunglasses Spectacles, has opened a small technology office in Shenzhen, China. Its nearly 20 employees are focused mostly on the development of Spectacles, Snap said.…
To Problems With China’s Financial System, Add the Bond Market
SHANGHAI — Chinese officials cheered on the country’s stock market when it reached heady new highs, offering hope that it could become a new source of money to fix China’s economic problems. Then, last year,…
China expected to return US undersea drone Tuesday, US officials say
China is expected to return a U.S. Navy drone it seized in international waters by Tuesday, two U.S. defense officials told Fox News – a transfer that could help smooth over a significant dispute between…
Smog chokes China cities, grounding flights, closing roads
China has long faced some of the worst air pollution in the … “You can easily find the large deployment (of smog) in the regions south of Beijing.” On Sunday, news websites said the number…
China Mobile reports 510 million 4G users, sees room for growth
(Reuters) – China Mobile Ltd, the mainland’s largest telecom service provider, said on Tuesday it had 510 million fourth-generation (4G) network customers in 2016, representing more than 30 percent of the world’s total 4G users.…
China Mobile Served Over 30% of the World's 4G Users in 2016
In October, China Mobile said it added 168 million 4G customers in the first three quarters of the year, bringing its 4G subscribers to 481 million. Chief executive Li Yue, speaking at a conference in…
China Mobile’s MIGU Partners with ODG to Bring Augmented Reality to Consumers in China
SAN FRANCISCO–(BUSINESS WIRE)–ODG (Osterhout Design Group), a leading designer and manufacturer of augmented, virtual and mixed reality smartglasses and products, today announced an exclusive partnership with China Mobile Communications Corporation’s … ( read original story…
China stocks fall on liquidity stress, Hong Kong also down
China’s central bank said on late Monday it would tighten supervision of shadow banking businesses by including off-balance sheet wealth management products (WMPs), widely viewed as a source of financial risk, into its risk-assessment framework…
China Mobile 4G subscriber base reaches 509 mn in Nov
China Mobile today said its 4G subscriber base reached 509.831 million in November 2016 from 497.327 million in October. Reliance Jio Infocomm, the largest 4G operator in India, has 52 million 4G subscribers for its…
China returns underwater drone to U.S. after incident last week
China’s Defence Ministry said on Tuesday it had returned to the United States a U.S. underwater drone taken by a Chinese naval vessel in the South China Sea last week. “After friendly consultations between the…
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