12/22/2024 01:48:30 pm
12/22/2024 01:48:30 pm
Girish Shetti | Nov 24, 2016 01:38 AM EST
The latest figures on China's patent registration suggest that last year it was the most innovative country in the world, outpacing technically advanced countries such U.S, Japan and Canada. These figures were brought forth by a new report by World Intellectual Property Organization (WIPO). read more
S. Rina | Nov 23, 2016 08:09 PM EST
Walmart workers in China have taken a stand against the company to demand for better pay and working conditions. The protests have gained momentum as the workers in Shenzhen have filed lawsuit against the company for back pay. read more
S. Rina | Nov 22, 2016 02:29 AM EST
HTC announced that it will build a new research center in China, with the collaboration from the Shenzhen Municipal Government. The company will also set up a $1.5 billion Shenzhen VR Investment Fund for promoting VR industry in China. HTC has taken a number of step in the recent past to promote development of new technologies. read more
Girish Shetti | Nov 21, 2016 10:53 AM EST
China's Insurance giant Anbang Insurance Group is currently engaged in talks to acquire Japanese residential property worth up to $2.3 billion from American investment major Blackstone, according to people familiar with the matter. read more
Theena Ocay | Nov 21, 2016 10:01 AM EST
Apple Inc. is offering a free battery replacement to all its customers globally affected by unexpected shutdowns through a program on its website called "iPhone 6s Program for Unexpected Shutdown Issue." read more
Phenny Lynn Palec | Nov 21, 2016 09:33 AM EST
Cybersecurity firm Symantec recently announced that it has struck an acquisition deal worth $2.3 billion with LifeLock. This includes debt in order to expand its operation in the identity protection security platform. read more
Mia Ren | Nov 20, 2016 08:31 AM EST
Another US clothing brand will be closing its store in Hong Kong due to the dwindling retail sales and the decreasing number of shoppers from mainland China. Casual wear fashion chain Abercrombie & Fitch announced this week that it will close its only flagship store in Central early next year. read more
S. Rina | Nov 20, 2016 06:22 AM EST
Coca Cola divested its bottling business in China as it sold its assets to Swire Pacific Ltd. for 5.87 billion yuan ($852 million), the Hong Kong conglomerate announced on Friday. Swire will acquire the manufacturing and distribution assets from China Foods Ltd., which is a subsidiary of state-owned food firm COFCO Corp. read more
S. Rina | Nov 20, 2016 05:54 AM EST
Chinese search engine giant Baidu has called off its joint research partnership with German auto manufacturer BMW. The partnership involved testing of autonomous cars in China and the US. Baidu is now said to be looking for new research partners. read more
S. Rina | Nov 20, 2016 06:37 AM EST
China's soaring housing market showed signs of mild slowdown in the month of October, after the Chinese government imposed a number of restrictions on real estate transactions in the recent past. Seven of the large- and medium-sized cities recorded housing price decrease on month over month basis in October. read more
S. Rina | Nov 20, 2016 05:02 AM EST
Chinese president Xi Jinping reiterated his pledge for open trade during APEC summit in Lima, Peru. His comment follows the election of Donald Trump as the next president of the United States. Trump has vowed to re-negotiate or scrap liberal trade deals, posing a threat to free international trade. read more
Girish Shetti | Nov 20, 2016 02:04 AM EST
China continues to attract huge investment from venture capital (VC) investors in financial technology (fintech) space, despite downturn in the global investment across startup companies. This is according to a report jointly-published by KPMG and CB Insights. read more
Charissa Echavez | Nov 19, 2016 06:18 AM EST
Apple is reportedly moving its iPhone production from China to US, according to Japanese newspaper Nikkei Asian Review. read more
Girish Shetti | Nov 19, 2016 12:58 PM EST
German chipmaker Aixtron's pending acquisition by China's Fujian Grand Chip Investment Fund (FGC) seems to have hit a minor roadblock. The German chipmaker said that it had received a recommendation from the Committee on Foreign Investment in the United States (CFIUS) to block the proposed takeover deal. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
