Business

Global SIM Card Industry Faces Turbulence Over China's Mandatory Registration Policy

Charissa Echavez   | Jul 27, 2016 10:11 AM EDT

China's mandatory policy to register SIM cards in the country will cause turbulence both in the Chinese and global telecom markets, according to ABI Research. read more

Yahoo! to Hold on to its Alibaba Stake

Christian George Acevedo   | Jul 28, 2016 11:29 AM EDT

With the impending sale of Yahoo's core assets, the internet giant's last remaining crown jewel is its valuable stake in Alibaba. The company has a 15 percent stake in the Chinese e-commerce firm, not to mention its 35.5 percent stake in Yahoo Japan, which it co-owns with Japan's Softbank. The assets total $40 billion and will be held by the residual firm known for the meantime as Remain Co. read more

Oppo Overtakes Huawei as China's Best-selling Smartphone

Christian George Acevedo   | Jul 27, 2016 09:58 AM EDT

Oppo is becoming a force to reckon with in the smartphone market after overtaking Huawei and Apple as China's best-selling smartphone. Data provided by Counterpoint Technology Market Research have revealed that the smartphone maker now controls 22.9 percent of the market, an increase of 337% annually from June last year. read more

China Southern Airlines to Offer Direct Flights Between Guangzhou and Adelaide

Charissa Echavez   | Jul 27, 2016 09:02 AM EDT

China Southern Airlines is set to launch a direct flight between the mainland and South Australia's Adelaide, the government announced on Tuesday. read more

China's LeEco is Buying Vizio for $2B

Charissa Echavez   | Jul 27, 2016 08:58 AM EDT

Chinese technology company LeEco plans to acquire American consumer electronics brand Vizio for $2 billion, both companies announced on Tuesday. read more

Oversupply of Hotel Rooms Forces Owners to Cut Down Rates: Report

Charissa Echavez   | Jul 27, 2016 08:55 AM EDT

Chinese hotel owners are being forced to cut down room prices, as a glut of hotel rooms are left unoccupied because of overexpansion, according to Fitch Ratings, an international credit rating agency. read more

HTC to Collaborate With HP to Create Vive-Ready PCs

Ellie Froilan   | Jul 26, 2016 02:20 PM EDT

HTC is reportedly teaming up with HP to create and sell Vive-branded PCs. read more

Alibaba Launches $300 Million Investment Fund for TV and Film Production

Ellie Froilan   | Jul 26, 2016 02:10 PM EDT

Alibaba has announced a new $300 million investment fund to invest in film and TV companies. read more

Oppo Becomes China's No 1 Smartphone Company

Manthan Chheda   | Jul 26, 2016 01:49 AM EDT

Oppo is a company that has become increasingly popular in the Chinese market and even though a majority of its products are sold in Asian countries, the smartphone maker has what it takes to give Apple and Samsung a run for their money, according to statistics released by Counterpoint. read more

Mass Unemployment, Strikes Becoming a Problem in China

Kat De Guzman   | Jul 26, 2016 01:38 PM EDT

China is grappling to deal with the growing mass unemployment and strikes amid the county's economic slowdown. read more

American Company to Bring Its Magnetic Levitation Train to China

Jenia Cane   | Jul 25, 2016 08:04 PM EDT

A manufacturer of a magnetic levitation train system from the US might soon be able to bring its technology to China once it is able to hook up with potential Chinese partners. read more

Australia's Real Estate Giant Ray White Teams up With Lianjia to Enter China

Charissa Echavez   | Jul 26, 2016 10:49 AM EDT

Australia's biggest real estate group Ray White has expanded its services to China after teaming up with China's largest real estate company, Lianjia (or Homelink). read more

China's BeiDou System Plans to go Global by 2020

Charissa Echavez   | Jul 25, 2016 11:25 AM EDT

China's BeiDou Navigation Satellite System is on course to extend its services across the world. It is poised to serve countries along the Belt and Road Initiative by 2018 and across the globe by 2020, Zhang Chunling, chief engineer of China's Satellite Navigation System management office, revealed on Saturday during a seminar in Jiangsu Province's Nanjing. read more

Huawei Amps Competition With Apple and Samsung as Sales Jump by 40 Percent

Christian George Acevedo   | Jul 25, 2016 11:09 AM EDT

Huawei Technologies, China's biggest smartphone maker, has seen revenue increase by 40 percent in the first half of 2016. The company earned 245.5 billion yuan ($36.6 billion), narrowing the gap between industry leaders, Samsung and Apple. read more

Chinese Investments in US Reaches Record $18.4 Billion in First Half of 2016

Christian George Acevedo   | Jul 25, 2016 10:37 AM EDT

Chinese investments in the U.S. reached an all-time high of $18.4 billion in the first half of 2016. This is more than triple the amount of investments poured into the American market in the first half of 2015, a statement by Rhodium Group said. read more

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