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Johnson Controls sets up HQs in Shanghai

GLOBAL sustainable technology firm Johnson Controls Inc opened its Asia-Pacific headquarters in Shanghai yesterday, and its CEO Alex Molinaroli said “the world no longer flows West to East, but rather ...

June 23, 2017, Friday


Microsoft accelerator helps firms

COMPANIES joining Microsoft Corp’s first Shanghai-based accelerator have raised more than 420 million yuan (US$61 million) in new financing over the past several months, Microsoft said yesterday. Microsoft ...

June 23, 2017, Friday


Unicom counts Alibaba, Tencent among investors to raise US$10b

CHINESE tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around US$10 billion into mobile carrier China Unicom, part of efforts by Beijing to rejuvenate ...

June 23, 2017, Friday


Foxconn eyes US$10b investment in US

THE chairman of electronics giant Foxconn said yesterday that it may spend more than US$10 billion to set up manufacturing in the United States and will announce investment plans by early August for at ...

June 23, 2017, Friday


Toshiba chooses US-Japan suitor

A Toshiba logo is seen on a printed circuit board in this photo illustration taken in Tokyo. Money-losing Toshiba Corp said yesterday that it has chosen a bid, totaling about 2 trillion yen (US$18 billion), from a US-Japan consortium as the preferred proposal in the sale of its lucrative memory chip business, Toshiba Memory Corp. Toshiba needs money after taking massive losses in its US nuclear operations that have put its survival in doubt. But Western Digital of the US, which has acquired some SanDisk chip operations, including a joint venture with Toshiba in Japan, reiterated its opposition to such a move....

June 22, 2017, Thursday


Streaming boom to rise to US$6.3b

CHINA’S Internet live streaming market is expected to more than double to 43 billion yuan (US$6.3 billion) this year as fans increasingly follow celebrities, a joint study by Weibo and Internet consultancy ...

June 22, 2017, Thursday


Fighting to save online copyright

CHINA’S market for combating online copyright breaches is expected to grow about 30 percent annually and to soon hit 500 billion yuan (US$73 billion) a year. The growth is being driven by increased use ...

June 22, 2017, Thursday


China-Russia power plant goes online

A staff member works at a heat and power plant in Yaroslavl Province, Russia. A 483-megawatt gas-steam combined heat and power plant built by a China-Russia joint venture has been officially brought online. As China’s largest electricity project in Russia with a total investment of US$571 million, the plant is designed to generate 3.02 billion kilowatt-hours of electric energy and 814,000 giga of heating supply annually. ...

June 22, 2017, Thursday


Internet live streaming market sizes up

CHINA'S Internet live streaming market size is expected to more than double this year to 43 billion yuan (US$6.2 billion) thanks to the booming of fans economy and Internet celebrities, according to a ...

June 21, 2017, Wednesday


Smartphone sales up

CHINESE vendors consolidated their leading positions in the domestic smartphone market in the first quarter, a Canalys report said yesterday. China’s smartphone sales grew 9.3 percent year on year to ...

June 21, 2017, Wednesday


 

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