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Qualcomm launches fund to invest in mobile tech firms

QUALCOMM Inc, the world’s biggest mobile chip designer for 3G and 4G devices, yesterday announced a new investment fund of US$150 million in China that will focus on local startup companies dealing with ...

Zhu Shenshen | July 25, 2014, Friday


FMC opens research center in Shanghai

AMERICAN chemical maker FMC Corp yesterday opened a new research center in Shanghai as part of its strategy to expand in Asia. “FMC has grown dramatically in recent years. An important element of our ...

Richard Fu | July 25, 2014, Friday


New orders lift factories to 18-month high

CHINA’S manufacturing sector may deliver its best performance in 18 months in July with indications of a stabilizing economy, a survey revealed yesterday. The HSBC Flash China Manufacturing Purchasing ...

Wang Yanlin | July 25, 2014, Friday


AgBank rate discounts for first-home buyers

THE Agricultural Bank of China, the country’s third-biggest lender, will start offering interest rate discounts for first-home mortgages next month in Shanghai. AgBank said it will give a discount of ...

Hu Xiaocen | July 25, 2014, Friday


Businesses gain from VAT reform

China’s value-added tax reform has so far resulted in a tax reduction of 267.9 billion yuan (US$43.2 billion) for businesses, the State Administration of Taxation said yesterday. China’s VAT reform, which ...

July 25, 2014, Friday

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Japan’s trade deficit at record high

Shipping containers are moved at a port in Tokyo. Japan’s trade deficit ballooned to a record in the first half of the year as exports fell further in June, data released yesterday showed, ramping up pressure on the central bank to unveil fresh measures to boost the economy. ...

July 25, 2014, Friday


Coca-Cola year-to-date results show China leads global increase

GLOBAL beverage giant Coca-Cola recently released its 2014 second-quarter and year-to-date operating results, saying the China market driving its global sales amid strong marketing initiatives. In China, ...

July 25, 2014, Friday


Strong manufacturing data fuels surge

SHANGHAI stocks rose to a three-month high yesterday, buoyed by an upbeat data on the manufacturing sector which expanded at the fastest pace in 18 months. Optimism that the government would roll out ...

Ye Zhen | July 25, 2014, Friday


Domestic version of Fitbit, smart glass to be launched

CHINA’S top information technology firms are tapping into wearable computing sectors to launch Chinese versions of Google Glass and Fitbit at affordable prices. Lenovo Group Ltd, China’s No. 1 personal ...

Rich Zhu | July 25, 2014, Friday


Last-minute bailout helps firm to avoid bond default

A CONSTRUCTION firm narrowly avoided becoming the second company in China’s modern financial history to default on a corporate bond after a last-minute rescue by local authorities, Chinese media said ...

July 25, 2014, Friday


4G, broadband’s success propels IT industry

CHINA’S information consumption grew 20 percent in the first half, thanks to the popularity of 4G phones and improved broadband speed, the industry regulator said yesterday. Home entertainment, mobile ...

Zhu Shenshen | July 25, 2014, Friday


Internet-related industries to fuel GDP growth

INTERNET related industries and services will add 0.3 and 1.0 percentage points to China’s annual GDP growth rate, and will account for between 7 and 22 percent of the total GDP by 2025, a study released ...

(Ding Yining | July 25, 2014, Friday




 

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