Posted inEconomy
Intel applying for licenses to sell more products to Huawei
The American chip giant Intel says it has applied for licenses to sell some of its products to China's tech giant Huawei, reports CNBC. Intel CEO Bob Swan said the…
Posted inEconomy
Huawei reports strong H1 performance
US attacks don’t hurt nation’s best-known technology firm Chinese telecom giant Huawei Technologies on Tuesday reported a robust first-half financial performance despite facing harsh sanctions from the Trump administration intended…
Posted inEconomy
Chinese tech giant Huawei’s revenue up 23.2 pct in H1
Huawei's revenue rose to 401.3 billion yuan (about 58.3 billion U.S. dollars) in the first half of 2019, with a net profit margin of 8.7 percent, according to the company's…
Posted inEconomy
Tesla half-year sales in China reach nearly $1.5 billion USD
According to a recent document lodged by Tesla with the United States Securities and Exchange Commission, Tesla's half-year sales in China this year reached 1.469 billion U.S. dollars, a 41.8…
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Japan Airlines to work with Didi to improve transportation services
Japan Airlines (JAL) announced on Friday that it plans to work with China's ride-hailing giant Didi Chuxing to improve the transportation services it offers its customers, reports Kyodo News. A…
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Huawei launches 1st 5G mobile phone for commercial use
Huawei on Friday launched its first 5G mobile phone for commercial use in Shenzhen, home to its headquarters, as the telecom giant seeks to usher in the fast-speed 5G mobile…
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Toyota invests $600 million in Didi for intelligent transport
Toyota Motor Corporation announced on Thursday that it has reached an agreement with China's leading ride hailing platform, Didi Chuxing, to work on taking full advantage of the potential of…
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China to host 12th round of China-U.S. high-level trade consultations
The 12th round of China-U.S. high-level economic and trade consultations will be held on July 30-31 in Shanghai, the Ministry of Commerce said Thursday. National flags of China and the…
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FTC fines Facebook $5B, adds limited oversight on privacy
Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible…
Posted inEconomy
Tiktok to build data center in India to store user data locally
The popular Chinese video sharing platform TikTok is said to be building a new data center in India, according to Britain's Financial Times. The news comes amid efforts by the…