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Alibaba to sell 500 mln new shares in Hong Kong listing

Published 15 Nov 2019 09:29 CET | China, Hong Kong

Alibaba Group is going ahead with plans for a secondary public offering and listing on the Hong Kong Stock Exchange. The company will sell 500 million new shares, raising ...

Xiaomi reports over CNY 6 bln in sales on Singles Day

Published 14 Nov 2019 14:45 CET | China, South East Asia

Xiaomi announced that its brand flagship store on Tmall recorded sales revenue of more than CNY 2.1 billion on 11 November, during the online shopping event known as Singles' ...

Weibo's Q3 revenue grows 2%, profit declines

Published 14 Nov 2019 14:37 CET | China

Chinese micro-blogging website Weibo saw its total net revenues increase 2 percent to USD 467.8 million in the third quarter of 2019. Advertising and marketing revenues for ...

Tencent's Q3 revenue jumps 21% boosted by payment services, smartphone games business

Published 14 Nov 2019 09:54 CET | China

Tencent reported third-quarter revenues of CNY 97.23 billion, which represents an increase of 21 percent year-on-year. Revenue growth was mainly driven by commercial payment ...

China's smartphone market slows decline to 3.6% in Q3

Published 13 Nov 2019 16:27 CET | China

Smartphone shipments in China were down 3.6 percent year-on-year to 98.9 million units in the third quarter of 2019, according to data from IDC. This marked a narrower ...

Xiaomi invests in Xpeng Motors

Published 13 Nov 2019 11:01 CET | China

Xiaomi is one of the strategic investors who took part in Xpeng Motors' Series C capital funding of USD 400 million. The money came from a group of strategic and ...

Huawei to pay staff CNY 2 bln in bonuses for weathering US ban

Published 13 Nov 2019 08:46 CET | China, World

Huawei said it will hand out CNY 2 billion (USD 286 million) in cash bonuses to staff for helping the company get through the US trade ban. ...

ZTE, China Telecom, Unicom complete 5G co-build co-share verification

Published 12 Nov 2019 13:57 CET | China

ZTE, in partnership with China Telecom and China Unicom, reports it has completed network verification based on the co-build co-share mode in the commercial 5G environment, ...

China 5G phone shipments reach 485,000 in Q3, led by Vivo, Samsung

Published 12 Nov 2019 11:57 CET | China

Shipments for 5G phones in China reached 485,000 units in the third quarter, according to the latest study from IDC, which said vendors raced to ship devices ahead of the ...

iQiyi's Q3 revenues jump 7%, net loss widens to CNY 3.7 billion

Published 11 Nov 2019 10:45 CET | China

Chinese online video platform iQiyi reported total revenues of CNY 7.4 billion (approximately USD 1 billion) for the third quarter of 2019, which represents an increase of 7 ...

Oppo launches Intelligent Technology Park in Chongqing

Published 08 Nov 2019 14:26 CET | China

Oppo launched its Chongqing Intelligent Technology Park in the Yubei district of Chongqing, China. To be completed by 2024, the two-phase project has a planned construction ...

Nokia, Ericsson confirm 5G contracts in China

Published 08 Nov 2019 12:38 CET | China

Ericsson and Nokia have signed framework deals with Chinese mobile operators for network upgrades and 5G equipment, according to Chinese media reports. The deals were signed ...

WeChat Pay available to overseas users in Mainland China

Published 08 Nov 2019 11:24 CET | China

WeChat Pay is now collaborating with Visa, Mastercard, American Express, Discover Global Network (including Diners Club) and JCB to enable overseas users to link their credit ...

Baidu's revenues almost flat, turns to net loss in Q3

Published 07 Nov 2019 07:37 CET | China

Chinese internet giant Baidu reached total revenues of CNY 28.1 billion (approximately USD 3.93 billion), flat from last year, and up 7 percent quarter-on-quarter. Online ...

Xiaomi introduces 108MP smartphone, Mi Watch in China

Published 06 Nov 2019 10:14 CET | China, World

Xiaomi has unveiled a new premium smartphone, the Mi CC9 Pro, featuring the 108-megapixel camera first previewed on its Mi Mix Alpha in September. The company also introduced ...

Alipay opens up to international tourists in China

Published 05 Nov 2019 16:33 CET | China

Alipay, the mobile payments and lifestyle platform owned by Ant Financial, is opening its platform to international travelers in China for the first time. Tourists visiting ...

US commerce secretary says Huawei licences coming 'very shortly'

Published 05 Nov 2019 14:09 CET | China, United States, World

The US government will start soon issuing licences for American companies to do business with Huawei, after blacklisting the Chinese company in May for security reasons. US ...

Sohu.com Q3 revenues up 9% to USD 482 mln

Published 04 Nov 2019 13:03 CET | China

Sohu.com, Chinese online media, video, search and gaming business group, reported total revenues for the third quarter up 9 percent year-over-year to USD 482 million. Total ...

Alibaba revenues rise 40% and profit leaps over 260% in September quarter

Published 04 Nov 2019 09:24 CET | China

Alibaba reported another very strong set of results for its fiscal second quarter to end-September, with revenues jumping 40 percent from the year before to CNY 119.0 ...

Chinese operators launch 5G plans at CNY 128 per month

Published 01 Nov 2019 09:58 CET | China

Chinese operators China Mobile, China Unicom and China Telecom have announced the rollout of 5G mobile phone services. The three operators will start by offering 5G plans for ...

Huawei's smartphone market share jumps to over 42% in China in Q3

Published 31 Oct 2019 10:20 CET | China

The Chinese (mainland) smartphone market increased sequentially in Q3 2019 as shipments reached 97.8 million, from 97.6 million units in the second quarter of 2019. The ...

Marvell joins Green Computing Consortium

Published 30 Oct 2019 15:29 CET | China

Marvell joined the Green Computing Consortium (GCC) to help build an open and innovative ecosystem in China for green computing in cloud data centre infrastructure. As part ...

Gilat, China Satcom partner on satellite communication services

Published 30 Oct 2019 09:52 CET | China

Satellite networking services provider Gilat Satellite Networks and China Satellite Communications (China Satcom) have teamed up to jointly provide satellite communication ...

AIC Semiconductor licenses Ceva's Wi-Fi 6 IP for IoT connectivity

Published 29 Oct 2019 15:32 CET | China

Ceva announced that AIC Semiconductor (AIC), a new China-based fabless company focused on the IoT market, licensed Ceva's RivieraWaves 802.11ax Wi-Fi 6 IP for a low power ...

Huawei opens first global direct-sale store in Shenzhen

Published 29 Oct 2019 09:55 CET | China

Huawei has opened its first Global Flagship Store in Shenzhen. Located in the MixC World shopping mall in Shenzhen, the facility is Huawei's first direct-sale store in the ...

 

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