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Tag Archives: China

China is considering major investments in European finance as part of its global spending push

After ports and industrial parks, the deal makers leading China’strillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe’s banks, insurers and asset managers to tap funds and expertise. Jason Lee | Pool | Getty Images China President Xi Jinping attends a news conference at the Belt and Road Forum for International Cooperation on May 15, 2017 in Beijing, ... Read More »

US and China emerge from trade talks without agreement

The US and China have wrapped up contentious trade talks in Washington without agreement. The two sides did not issue a joint statement or action plan after the meeting and cancelled scheduled press conferences. The US was critical of China’s trade surplus and demanded “more fair” trade arrangements. Separately, US President Donald Trump indicated that tariffs on Chinese steel were ... Read More »

China car population reaches at 205 mn

China has 168 million small cars and the number of trucks reached 22.7 million. Beijing: China’s car population rose to 205 million with the registration of 9.38 million new cars in the first half of 2017, the Ministry of Public Security said on Tuesday. By the end of June, China had 328 million car drivers, Xinhua news agency cited the Ministry’s Traffic Management ... Read More »

OnePlus 5 Crosses 5.25 Lakh Registrations in China, TV Ad Outs Phone Ahead of Launch

HIGHLIGHTS OnePlus 5 revealed ahead of global Tuesday launch The smartphone crossed 5.25 lakh registrations OnePlus 5 set to launch in India on Thursday OnePlus 5, the Chinese company’s next flagship smartphone, set to launch on Tuesday is already receiving tremendous response from the consumers. The smartphone crossed 5.25 lakh registrations in China ahead of Tuesday global launch. Additionally, OnePlus ... Read More »

China Shuts Some Live Streaming Sites, Punishes Companies

HIGHLIGHTS Almost half of China’s Internet users use live video streaming sites The live broadcasting market was worth CNY 21 billion in 2016 Ministry of Culture said that it had shut down 10 hosting platforms Chinese authorities have punished dozens of companies involved in live online broadcasting and shut down numerous hosting platforms for showing content that was pornographic, related ... Read More »

Your Mobile Money: Surviving A Day In China Without Cash Or Cards

An employee scans a quick response (QR) code displayed on the Ant Financial Services No cash? Your smartphone will do nicely. Chinese consumers used to spending their hard-earned cash on technology are increasingly relying on a tech solution to pay for just about anything, from breakfast to booking a vacation. And the volume of smartphone payments has exploded, reaching a ... Read More »

Twitter Chief for China Quits, Hails Its Performance

HIGHLIGHTS Kathy Chen was appointed in April as general manager for the China region Twitter is inaccessible in mainland China Twitter’s advertising base in the China had grown almost 400 percent Twitter’s manager for China, whose appointment just eight months ago sparked controversy, has announced her resignation but welcomed the growing number of Chinese advertisers even though the service is ... Read More »

Facebook Reportedly Builds Censorship Tool to Attain China Re-Entry

Facebook Inc has quietly developed a censorship tool that could persuade China to allow the world’s biggest social media network to re-enter the world’s second largest economy after a seven-year ban, the New York Times reported on Tuesday. Facebook developed the software, which suppresses posts from appearing in people’s news feeds in specific geographies, with the support of Chief Executive Mark ... Read More »

China Develops ‘Darwin’ Neural Processing Unit

Chinese researchers have developed “Darwin” – a new age information chip that will help run complex intelligent algorithms on small devices in the era of “Internet of Things”. Artificial Neural Network (ANN) is a type of information processing system based on mimicking the principles of biological brains. It has been broadly applied in application domains such as pattern recognition, automatic ... Read More »

New Spyware Detected Targeting Firms in Russia, China: Symantec

A previously unknown group called “Strider” has been conducting cyber-espionage attacks against selected targets in Russia, China, Sweden, and Belgium, US-based computer security firm Symantec said on Monday. The group, which has been active since at least October 2011 and could have links to a national intelligence agency, has been using an advanced piece of hidden malware identified by Symantec ... Read More »