Tag «COMPANIES»

China CITIC Bank approved to set up wealth management company

Photo: Xinhua  China CITIC Bank, a major commercial lender, has gained approval from China Banking and Insurance Regulatory Commission (CBIRC) to set up a wealth management company. The wealth management unit will be established with a registered capital of no more than 5 billion yuan (about 711.2 million US dollars), the company said in a …

Huawei aims to de-Americanize

Graphics: GT Despite being caught in the crosshairs of Washington’s assaults on China’s technology and trade sectors, Huawei has at least learned one lesson from its treatment by the US. That is: cross-border business partnership is something worth seeking but never to be taken for granted. (See story on Page S4-5 )  

Huawei steps up legal battle Huawei still insists on ‘open attitude, embrace globalization’

Song Liuping, chief legal officer of Huawei, speaks at a press conference at the company’s headquarters in Shenzhen, China, on Thursday. Huawei has filed a lawsuit challenging a recent US Federal Communications Commission. Photo: VCG Amid legal disputes and an escalated crackdown by Washington, Huawei has not stopped moving forward to defend its rights, a …

Changsha test rides offer glimpse into driverless future Pilot zones for self-driving technologies in place

Self-driving taxis in Guangzhou, South China’s Guangdong Province Photo: VCG Dodging jaywalkers, changing lanes to overtake other drivers and maintaining a safe trailing distance – these are basic skills which one must master before receiving a driver’s license. Now imagine all these maneuvers could be performed independently by a robot taxi on a busy, and …

Huawei releases 5G Nova 6 series amid controversy

Graphics: GT Huawei on Thursday released its latest 5G Nova 6 smartphone amid a strengthening US crackdown and rising domestic criticism over the detention of a former employee in China – a market it relies on after a US ban hampered its overseas expansion. The smartphone, featuring dual front-facing cameras and powered by the Kirin …

Dubai signs blockchain agreement with Hainan

People walk by a sign of Blockchain Summit during the Mobile World Congress Shanghai 2019 in June. Photo: IC A blockchain pilot zone in South China’s Hainan pilot Free Trade Zone (FTZ) signed an agreement involving strategic cooperation with Dubai Blockchain Center on Wednesday, to help the latter build digital cities and improve government efficiency, …

China outperforms US in AI patents

A staff member (R) demonstrates 5G-based remote control of a robot during the 2019 World Artificial Intelligence Conference (WAIC) in east China’s Shanghai, Aug. 29, 2019. (Xinhua/Liang Xu) The number of patent filings in artificial intelligence (AI) in China picked up in the last decade with the number rising to 94,539 in 2018, up 10 …

Chinese firms eye industrial hemp for cosmetics

Cartridges of cannabidiol (CBD)-rich hemp oil for medical use are displayed during the International Cannabis Association Convention in New York, October 12, 2014. Photo: VCG The first batch of Chinese companies to legally develop industrial hemp for consumer goods are developing in cosmetics, as China has not yet approved industrial hemp for medical and food …