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BUSINESS >> Companies

Tesla sets delivery record in Q2

Tesla Inc has set a record for quarterly vehicle deliveries in a triumphant response to months of questions about demand for its luxury electric cars.
Source: Reuters-Global Times | 2019/7/4 18:18:40

Technology heavyweights deny report they'll shift production out of China

Multinational technology companies that are rumored to join an electronics-sector exodus from China amid trade woes said their commitment to the China market remains strong when contacted by the Global Times on Thursday.
Source: Global Times | 2019/7/4 17:23:42

Shanghai property mogul, detained for child molestation, finds his three stocks bleeding

The alleged molestation of a 9-year-old girl by a Shanghai real estate tycoon has caused stock prices plunge of three companies controlled by the man.
Source: Global Times | 2019/7/4 14:43:36

Walmart to invest 8 bln yuan in logistics, supply chains in China

Global retail giant Walmart has decided to invest around 8 billion yuan (about 1.17 billion US dollars) in the next decade to upgrade its logistics and supply chains in the Chinese market.
Source: Xinhua | 2019/7/4 11:28:45

China's Dongfeng plans manufacturing electric cars in Egypt

China's giant automaker Dongfeng Motor Corporation (DFM) held discussions with the Egyptian minister of trade and industry over manufacturing electric cars in Egypt, the Egyptian ministry said in a statement on Wednesday.
Source: Xinhua | 2019/7/4 11:08:22

Boeing pledges 100 mln USD to help families of 737 Max crash victims in Indonesia, Ethiopia

Boeing Company announced Wednesday that it has set aside 100 million US dollars to address family and community needs of those affected by two deadly air crashes in Indonesia and Ethiopia last October and this March.
Source: Xinhua | 2019/7/4 10:38:08

Amazon halts sales of paper books in China, more businesses to close in near future

US e-commerce giant Amazon halted paper book sales on its self-operated channel as of Monday and will halt its services for third-party sellers starting from July 18, business magazine Caijing reported Wednesday.
Source: Global Times | 2019/7/3 21:56:08

Samsung Q2 profit likely halved on chip glut

Samsung Electronics is likely to say their second-quarter profit has been more than halved when it reports preliminary earnings on Friday, data showed, as a drop in memory chip shipments to China's embattled Huawei exacerbated a price-squeezing supply glut.
Source: Reuters | 2019/7/3 21:56:07

Japanese carrier starts Huawei device sales after delay over US ban

Japanese telecom carrier Internet Initiative Japan (INJ) announced on Tuesday that it will start selling the latest devices from Huawei, a move that could help the Chinese telecom giant to regain global ground as the US softens its stance.
Source: Global Times | 2019/7/3 21:33:41

Ready to roll

Cars waiting to be exported are seen at a port in Lianyungang, East China's Jiangsu Province on Wednesday. In the first half of 2019, car exports from the port expanded 186 percent year-on-year. Photo: VCG
Source: VCG | 2019/7/3 19:58:40

Chinese tech giants Baidu, Huawei join efforts to develop AI

Baidu and Huawei on Wednesday announced partnership to explore the artificial intelligence (AI) sector, and analysts said the tie-up between the Chinese technology giants will help build a core technology base to power the domestic AI industry.
Source: Global Times | 2019/7/3 19:53:40

Real estate firm boss suspected involvement in alleged child sex abuse

The chairman of Chinese real-estate developer Seazen Holdings has been suspected of being involved in sexually abusing a minor, according to local media in Shanghai.
Source: Global Times | 2019/7/3 19:44:19

Chinese carmaker GWM admits losing $46.9m in commercial dispute in Russia

Great Wall Motors (GWM), one of China's top carmakers, has admitted a huge loss in a commercial dispute in Russia, but it claimed that this was an isolated incident that won't have any impact on the company's plans and operations in that country.
Source: Global Times | 2019/7/3 19:43:40

Items related to Baidu founder Li Yanhong being splashed with water enter market

The incident of Chinese search engine giant Baidu founder Robin Li Yanhong being splashed with water at the company's artificial intelligence (AI) conference in Beijing has unexpectedly brought Chinese netizens and vendors an opportunity to show their creativity and business instincts.
Source: Global Times | 2019/7/3 19:03:40

TikTok faces fan exploitation incident, vows to improve policies for users

Chinese video-sharing app TikTok has apologized for a glitch that users reportedly experienced in transferring digital gifts to influencers on the app and said that it will further strengthen its policies.
Source: Global Times | 2019/7/3 18:28:41

Baidu, Huawei partner over AI, chips

Chinese tech giants Baidu and Huawei announced a partnership Wednesday to leverage their strengths to power chips with artificial intelligence (AI) technologies
Source: Xinhua | 2019/7/3 17:47:24

US-based Citcon to bring Chinese mobile e-wallets to Europe

US-based mobile payment solution provider Citcon is expanding its business into Europe to bring popular Chinese mobile e-wallets there with an eye on growing Chinese tourists, the company said Tuesday.
Source: Xinhua | 2019/7/3 17:46:19

Companies profiting from introduction of waste separation regulations

For a long time, most Chinese people have been accustomed to throwing away rubbish into bins at their will. This means that it may take some time for the process of “rubbish sorting” to fully embed itself into Chinese society, but some companies are already benefiting from such industry.
Source: Global Times | 2019/7/3 16:43:40

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