BEIJING/SHANGHAI (Reuters) – China’s Tencent Holdings Ltd will invest 3 billion yuan ($474 million) in smaller peer Shanda Games, the target firm said in a statement to Reuters on Friday, a move that will boost…
Tagged By mobile
Technology-enabled Insurance. What Chinese InsurTech Startup CEOs have shared in the InsurStar event
It was founded in 2014 by entrepreneurs from Europe. It is currently located in Shanghai and provides services for customers in China and soon in Southeast Asia. “How technology has changed insurance?” – Roundtable discussion…
Exclusive: China’s Ant plans equity fundraising at potential $100 billion valuation – sources
HONG KONG (Reuters) – China’s Ant Financial Services Group is planning to … the Indian mobile payment and e-commerce website, and Thai financial technology firm Ascend Money. Last month, however, Ant suffered a setback when…
China says “no” to Bitcoin, “yes” to blockchain technology
China is determined to push out Bitcoin, the price of which has drastically halved since it once topped $20,000 a coin, but the country has always been a staunch supporter of blockchain, the underlying technology…
China drafts technology standards for autonomous vehicles: ministry
China is drafting technology standards for autonomous vehicles and setting up test bases, an official said at the State Council Information Office’s press conference on Feb. 7. “We are working with relevant departments to formulate…
China in world-first deployment of experimental electromagnetic rail ‘supergun’ aboard a warship
The US-BAE rail gun is intended to fire a 10kg projectile at Mach 7 (8500km/h) over 150km. China is believed to have acquired a key technology enabling the development of the electromagnetic weapon after the…
China’s Didi, SoftBank target Japan in taxi-hailing push
SHANGHAI/TOKYO (Reuters) – China’s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services, amid a global battle to control the technology increasingly central to…
China Mobile partners with EXFO to conduct verification tests on its network for IoT
China Mobile Communications Corporation (CMCC) has successfully concluded a performance verification test for the core networks from 4 major vendors, with support from EXFO Inc. The Canada-based network test, monitoring and analytics experts … (…
China calls in mobile operators to support claim to disputed islands
China is reinforcing its claim to disputed islands in the South China Sea by telling the country’s three operators to build 4G networks. The islands – variously claimed by China as well as Malaysia, the…
Determining the stand-point of: China Mobile Limited (CHL)
Based on the aggregate value of the company over its current share price and the total amount of outstanding stocks, the market cap of China Mobile Limited (CHL) is presently reeling at 208.81B. Acting as…
China’s biggest internet firms offer millions, keeping users glued to their apps
Alibaba Group Holding and Tencent Holdings, China’s dominant mobile payment operators, have pledged to give away a combined 5.2 billion yuan (US$826 million) worth of “Hongbao” – the traditional red packet with cash money given…
China smartphone sales down for first time since 2009
In terms of overall value, the China mobile market grew 11 per cent in 2017 — from $120bn in 2016 to $134bn. “Though the iPhone X has already helped to increase the appeal of the…
China’s military fires up world first in revolutionary rail gun technology
China is believed to be testing the world’s first ship-mounted rail gun, a technology that military experts say has the potential to fire shells with enough force to destroy a warship and precision to shoot…
