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Charissa Echavez

Shanghai Automotive Industry Corp. (SAIC)

China's SAIC Posts 6% Sales Growth in First 6 Months

Aug 30, 2016 08:23 AM EDT

Chinese carmaker Shanghai Auto Industry Corporation (SAIC) posted positive net profit sales of more than six percent at 15.06 billion yuan ($2.25 billion) in the first half of the year, the company said in a statement to the Shanghai stock exchange last week.

China's new Policy Seeks to Limit Number of Electric Vehicle Makers

Charissa Echavez |

Aug 30, 2016 08:14 AM EDT

China's electric-vehicle sector, which roughly has 200 companies, is on the brink of massive a shake-up as the government seeks to limit the number to only 10 by implementing stringent standards. According to a government-backed news outlet, the government may weed out as much as 90 percent of the electric vehicle startups currently operating.

A high-speed ICE train of German state rail carrier Deutsche Bahn travels on the newly-completed stretch between Erfurt and Leipzig on December 9, 2015 near Erfurt, Germany.

China to Launch First Driverless Subway Line in 2017

Charissa Echavez |

Aug 30, 2016 08:07 AM EDT

China has unveiled plan to launch the first driverless subway line, the Yanfang line, in southwest Beijing by the end of 2017, authorities revealed on Monday.

General Motors to Intensify Production of Electric Vehicles in China

Charissa Echavez |

Aug 30, 2016 07:06 AM EDT

General Motors will be intensifying the launch of its electric vehicles in China, Larry Nitz, GM Executive Director for Electrification, said.

China Invites Foreign Tech Firms to Make Inputs in Cybersecurity Bill

Charissa Echavez |

Aug 30, 2016 06:58 AM EDT

China is inviting foreign technology firms to join a key government committee to take part in deliberations on the country's latest cybersecurity bill.

Dalian Wanda to Build $9.5B Tourism Complex in China

Charissa Echavez |

Aug 27, 2016 06:05 PM EDT

Dalian Wanda Group, which is owned by China's richest man Wang Jianlin, signed a non-bidding framework agreement with local officials to establish a culture and tourism complex equipped with hotels and a theme park worth 63 billion yuan ($9.5 billion) in the northeastern city of Jinan, Shandong Province, the company announced on Friday.

A Chinese AI reporter managed to produce 450 articles during the 2-week Rio Olympics event.

China's AI Reporter Xiaomingbot Produced 450 Articles During Rio Olympics

Charissa Echavez |

Aug 27, 2016 09:55 AM EDT

A Chinese robot reporter at 'Toutiao News' managed to produce 450 Olympic-related news articles over the two weeks of the Rio 2016 games.

Samsung Officially Launches Galaxy Note 7 in China

Charissa Echavez |

Aug 27, 2016 09:26 AM EDT

South Korea's Samsung Electronics Co. has officially launched its flagship Galaxy Note 7 in China and is now accepting pre-orders, the smartphone giant said on Saturday.

China's Tianjin Airlines to open new flight service between Tianjin and Auckland in December.

China's Tianjin Airlines to Launch Direct Flights to Auckland in December

Charissa Echavez |

Aug 24, 2016 02:39 PM EDT

Chinese carrier Tianjin Airlines has launched a new service to Auckland, New Zealand, with flights to begin this December.

China's Cofco bought the remaining 49 percent stake of Netherland-based Nidera.

China's COFCO Assumes Full Ownership of Nidera

Charissa Echavez |

Aug 24, 2016 02:31 PM EDT

China's state-backed grain trading firm Cofco Corp. announced on Tuesday that it would acquire the remaining 49 percent stake of Netherlands-based grain trader Nidera NV.

Traffic passes New York's landmark Waldorf Astoria Hotel on June 27, 2016 in New York City.

China's Anbang Approaches Banks for IPO Pitches: Reports

Charissa Echavez |

Aug 24, 2016 02:22 PM EDT

Chinese insurer Anbang Insurance Group Co. has reportedly asked banks to pitch for role about a planned Hong Kong initial public offering (IPO) in 2017, sources familiar with the matter revealed.

China released details of designed probe concept for the Mars Mission in 2020.

China Releases Designed Probe Concept for Mars 2020 Mission

Charissa Echavez |

Aug 24, 2016 01:40 PM EDT

China's space agency has released the first detailed look at three technological components for its unmanned Mars mission, which is aimed to take off in 2020.

China Plans to Create Permanently Manned Lunar Base

Charissa Echavez |

Aug 24, 2016 10:45 AM EDT

China revealed its plan to create a permanently manned radar station on the moon to monitor Earth.

Chinese consortium Miteno Communication Technology is reportedly acquiring ad-tech startup Media.net for about $900 million in cash.

China's Miteno Communication Snaps Up Yahoo, Microsoft Ad Partner Media.net for $900M

Charissa Echavez |

Aug 24, 2016 08:18 AM EDT

Beijing-based Miteno Communication Technology is reportedly acquiring ad-tech startup Media.net for about $900 million in cash, the advertising firm that powers the ads offered by Yahoo! and Microsoft's Bing announced on Monday.

Chinese author Hao Jingfang won the 2016 Hugo Award for best short novel with her entry

China's Hao Jingfang Receives 2016 Hugo Award for 'Folding Beijing'

Charissa Echavez |

Aug 24, 2016 08:15 AM EDT

Chinese sci-fi writer Hao Jingfang won the Hugo 2016 Award for Best Novelette with a short novel entry entitled "Folding Beijing" at the World Science Fiction convention, MidAmeriCon II, in Kansas City, Missouri, on Saturday, beating American writer Stephen King for the honor.