Tag Archives: China

Apple Launches $300-Million Clean Energy Fund for China Suppliers

Apple said on Friday it has established a fund to invest nearly $300 million (roughly Rs. 2,000 crores) over the next four years to connect its Chinese suppliers to renewable energy as Beijing pushes an anti-pollution drive. The US giant said it and 10 initial suppliers would jointly provide the money for the China Clean Energy Fund, aimed at helping the ... Read More »

How premium PC games continue to rise, surprise in China

Seemingly implausible only a few years ago, China has quickly become one of the world’s most robust markets for premium PC games. According to Steam’s Hardware & Software Surveyfrom April 2018, 30 percent of its users have Simplified Chinese set as their default language, second only to English at 34 percent. China lags behind in the number of titles its users own, ... Read More »

China ‘Highly’ Commends Trump’s ‘Positive Remark’ on ZTE

HIGHLIGHTS China on Monday praised US President Donald Trump for his offer We highly commend the positive remark from the US: foreign ministry Fate of ZTE has become a key part of talks between US and China China on Monday praised US President Donald Trump for his offer to prevent Chinese telecom giant ZTE from collapsing due to a US technology ban, ahead of high-level ... Read More »

China Smartphone Shipments Decline 21 Percent, Xiaomi Sees Growth: Canalys

HIGHLIGHTS While Huawei saw minor growth, shipments of Oppo and Vivo declined Xiaomi saw substantial growth of 37 percent year on year Q2 2018 expected to show growth for most OEMs Smartphone shipments in China have dropped by 21 percent in Q1 2018 compared to the same quarter in 2017, as per the latest data shared by market analyst firm Canalys. ... Read More »

IDC: China smartphone market declined by 5% in 2017

IDC released its Quarterly Mobile Phone Tracker report for China, and the numbers do not look good. According to the data, the market declined 15.7% in Q4 2017, compared with the same period 12 months ago, and 4.9% for the whole 2017. In absolute numbers, the October-December period saw 114.3 shipments, totaling to 444.3 million in 2017 against 467.3 million ... Read More »

Samsung Faces French Legal Case Over Alleged Abuses in China

Two French campaign groups filed a legal case against Samsung in France on Thursday over the alleged use of child labour and other abuses in Chinese manufacturing plants working for the electronics giant. Accusing the company of misleading commercial practices, the NGOs Peuples Solidaires and Sherpa lodged a complaint in Paris against Samsung’s French subsidiary and international parent company. Based on research ... Read More »

China online finance regulator tells unqualified micro-lenders to stop lending

BEIJING (Reuters) – The National Internet Finance Association of China issued a risk warning letter late on Friday telling “unqualified institutions” to immediately stop offering loans as Beijing steps up a crackdown on the micro-loan sector to fend off financial risks. The 1 trillion yuan ($151.5 billion) short-term, unsecured lending sector, known as “cash loan” in China, has been accused ... Read More »

China gave Donald Trump a win on trade and he didn’t even know it

China’s opening of banks and brokers to foreign control was the single most-important thing that happened while Donald Trump was in China. Photo: Reuters Danang, Vietnam: American and other securities firms scored what looks like a big win Friday when China announced new rules allowing them to own 51% stakes in joint ventures. It’s just the sort of market-opening move President ... Read More »

Xiaomi Mi 5X gets Red special edition in China

The Xiaomi Mi A1 (aka Mi 5X) got a fresh coat of paint – red paint. That’s in addition to the launch colors of Black, Gold and Rose Gold. Xiaomi Mi 5X in Red: on sale November 1 for CNY 1,500 Sales – both online and offline – will start on November 1 and price remains the same, CNY 1,500. This is ... Read More »

Workers at iPhone Supplier in China Protest Unpaid Bonuses

HIGHLIGHTS Apple said it was investigating the complaints Apple pledged to ensure that workers got fair compensation Apple said the incidents had to do with security guards Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier’s factory in eastern China to protest unpaid bonuses and factory reassignments, two witnesses and a US nonprofit group said Thursday. ... Read More »