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Shanghai Daily,上海日报
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Listed firms halt trading on Unicom investment

Several listed firms stopped trading yesterday because they are involved in investing a huge volume of private capital into state-owned China Unicom....

August 18, 2017, Friday


Bitcoin price hits US$4,410

Bitcoin price hit a new record to top 30,000 yuan (US$4,410) yesterday, seven times compared with the price a year ago....

August 18, 2017, Friday


Alibaba sees Q2 revenue surge 56%

ALIBABA Group said revenue in the second quarter surged 56 percent to US$7.4 billion amid strong growth in its online retailing platform and other business segments. Core e-commerce related income in ...

August 18, 2017, Friday


‘Cryptocurriencies’ worth as big as Goldman, RBS

BITCOIN and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above US$4,200 last week, ...

August 17, 2017, Thursday


FB’s new app launches

The Colorful Balloons app (left) is launched on the Chinese mainland, next to Facebook’s Moments app, yesterday. The US tech giant acknowledged it was behind the Colorful Balloons app, which is similar to its Moments app but omits any mention of Facebook’s brand name. The launch gives Facebook a small taste of the Chinese market’s huge potential. ...

August 16, 2017, Wednesday


Snap falls 4% after funds dispose stakes

Snap Inc shares fell 4 percent yesterday after US securities filings showed some funds dissolving their stakes in the social media company and another brokerage lowered its price target on the stock....

August 15, 2017, Tuesday


Mobile app market flourishing

CHINA’S mobile app market boomed in the first half of this year with over 4.02 million mobile apps. Mobile games boasted the largest number of apps with 1.17 million as of the end of June, followed by ...

August 15, 2017, Tuesday


Apple accused of breaching antitrust rules

A Chinese law firm has filed a complaint against Apple Inc on behalf of 28 local developers alleging the firm breached antitrust regulations....

August 11, 2017, Friday


Weibo earnings nearly triple in 2nd quarter

WEIBO, the Twitter-like microblogging service of leading Internet portal Sina, said profits nearly tripled from a year ago in the second quarter thanks to an increase in mobile device visitors and more ...

August 11, 2017, Friday


IFlytek’s profit slumps 60 percent in H1

IFLYTEK Co, the flagship AI firm in the domestic stock market, yesterday posted a nearly 60 percent slump in net profit in the first half. The Shenzhen-listed company, the biggest voice recognition service ...

August 11, 2017, Friday


 

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