12/22/2024 01:36:58 pm
12/22/2024 01:36:58 pm
S. Rina | Nov 18, 2016 10:59 PM EST
China recently introduced its new cyber law, imposing stricter regime on technology companies. Chinese tech giants Alibaba and Tencent have welcomed the latest provisions, countering the international backlash received by the new rules. read more
S. Rina | Nov 18, 2016 09:02 PM EST
JPMorgan has agreed to pay $264 million to the US authorities for resolving its nepotism case in China. The bank allegedly hired the kith and kin of Chinese officials in lieu of favors. The bank was being probed by the US Securities and Exchange and the Justice Department for potential violation of the US Foreign Corrupt Practices Act. read more
Girish Shetti | Nov 17, 2016 07:58 PM EST
The German automaker Volkswagen AG on Thursday made two big announcements about its future plan for China's auto market. The auto giant announced that it is likely to tie up with Didi Chuxing to form a high-end ride-hailing service and will focus more on sales of electric and hybrid vehicles. read more
S. Rina | Nov 16, 2016 11:31 AM EST
Some Android phones sold in the US have been found to have a rogue firmware installed on them. The software can collect users' data and send it to a third-party company based in China. The personal data so transmitted includes call logs, text messages, user's location, and app usage data. read more
Charissa Echavez | Nov 16, 2016 08:24 AM EST
Carmike shareholders approved a deal on Tuesday to sell the theater chain to Wanda-owned AMC Entertainment for $1.2 billion, including debt, making it the world's biggest exhibitor. read more
Charissa Echavez | Nov 16, 2016 04:38 AM EST
Didi Chuxing, dubbed as the Uber of China, announced its partnership with US car rental giant Avis that will give Didi users access to car rental services while traveling overseas. read more
Ellie Froilan | Nov 16, 2016 01:16 AM EST
LeEco has announced a $600 million in funding from Chinese institutional investors, seeking a sustainable number of emergent businesses. read more
S. Rina | Nov 15, 2016 08:19 PM EST
Chinese tech company JD.com unveiled a trial run for its drone delivery program in rural China. The company carried out the tests in Jiangsu, Sichuan, and Shaanxi provinces as well as outside of Beijing during the Singles Day event last Friday. read more
Ellie Froilan | Nov 15, 2016 04:25 AM EST
Huawei has confirmed that the company will no longer be part of Google’s Pixel smartphone manufacturing. read more
Steve M.C. | Nov 15, 2016 08:59 AM EST
Despite public disapproval largely because of the stench and toxic emissions, a Chinese firm has built a new incineration plant that aims to do away with landfills and the burning of waste materials. read more
Ellie Froilan | Nov 15, 2016 12:37 AM EST
Samsung has announced its acquisition of Harman International Industries for approximately $8 billion or $112.00 per share in cash. read more
S. Rina | Nov 14, 2016 10:51 PM EST
Anhui Xinke New Materials, a Chinese copper processing company, has bought a controlling stake in Hollywood studio Voltage Picture, the firm behind Oscar-award winning films such as 'The Hurt Locker' and 'Dallas Buyers Club'. read more
S. Rina | Nov 14, 2016 09:53 PM EST
Intercontinental Communication Center (CICC) and Image Nation Abu Dhabi have inked a deal for setting up a $300 million fund, which will be used for the joint development of movies and TV shows. The content will be produced in China, the United Arab Emirates, Hollywood, and other countries. read more
Steve M.C. | Nov 14, 2016 11:28 PM EST
Automakers in China are moving to broaden their gap in the sedan market and Great Wall Motors Co. is not being left behind. Under the leadership of billionaire Chairman Wei Jianjun, the company plans to launch its luxury 'WEY' brand on Nov. 16. read more
Desiree Sison | Nov 14, 2016 04:00 AM EST
If US President-elect Donald Trump fulfills his campaign promise to slap a 45% tariff on importation of China-made goods, the move would most likely hurt Japan, South Korea and several other nations which have become increasingly dependent on China for top export destination over the years. 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
