China’s regulatory officials revealed at a state council briefing on Tuesday that the upcoming set of regulations concerning the state’s vital information infrastructure will not be steered towards companies drafting foreign IPOs. While the magnitude of imposed regulations increased in the past couple of months, leading to an elevated reflection on China’s tech industry, the […]
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Chinese tech company ZTE and the Hangzhou branch of China Telecom, announced on Friday the completion of 300MHz 5G QCell verification in Hangzhou Olympic Sports Center, according to a joint statement. This deal aims to prepare for the 19th Asian Games Hangzhou 2022 that will be held from 10 to 25 September 2022. China Telecom — which is the official sponsor of the event — is expected to provide high-quality telecommunications networks in […]
China is tightening control over data gathered by companies about the public under a law approved Friday by its ceremonial legislature, expanding the ruling Communist Party’s crackdown on internet industries. The data protection law follows anti-monopoly and other enforcement actions against companies including e-commerce giant Alibaba and games and social media operator Tencent that caused […]
Japan’s global chip manufacturing thrown is finally usurped as it fears U.S.’s tactics of pouring billions of dollars to deflect from China’s overtake of Japan’s semiconductor industry. The time has come, after three long decades overwhelmed with success in the chip manufacturing industry, Japan’s industry ministry announced that the nation’s share of the world’s chip […]
China Mobile announced on Thursday a 6 percent year-on-year (YoY) increase in net profit for the first half of 2021, driven by new 5G users. In its recent report, the state-owned telecom revealed that its net profit for H1 of 2021 hiked to $9.12 billion from $8.61 billion for the same period last year. The telco highlighted that its new 5G users enhanced average revenue per user. As for operating revenues, China Mobile amounted $68.5 billion for the first six months of […]
The Chinese government revealed on Wednesday a five-year plan sketching the state’s scheme to strengthen its regulation grasp on much of its economy. The documentation, referencing Chairman Mao, came as a follow-up to Beijing’s recent regulations wave targeting the nation’s various industries and sectors. Beijing’s plan clarifies that additional rules will be endorsed to empower […]
China’s tech sector hustles to free itself from trustbusters’ noose by self-correcting its behavior in a bid to get ahead of any impending regulatory rage from Beijing. The country’s tech sector has played its latest card in what seems to be a never-ending battle between authorities and the industry. Some of China’s biggest companies […]
China on Thursday dismissed Canada’s protests of harsh sentences handed down by Chinese courts to Canadians whose cases are seen as linked to the arrest in Vancouver of a top executive at Chinese tech giant Huawei. The Foreign Ministry and the Chinese Embassy in Canada accused Ottawa of making unwarranted, groundless accusations that “grossly interfered […]
A Canadian entrepreneur who was charged with spying after his government arrested an executive of Chinese tech giant Huawei faces a possible verdict Wednesday as Beijing steps up pressure on Canada ahead of a court ruling on whether to hand over the executive to face U.S. criminal charges. Michael Spavor and another Canadian were detained […]
Amidst Washington’s deadlock with Beijing, China Telecom may potentially elevate its Shanghai’s initial public offering (IPO) to more than $8 billion leading to its biggest offering this year in the Shanghai Stock Exchange, following the firm’s delisting in its New York counterpart (NYSE) in January. Following Chinese media reports, the Beijing-based firm established its IPO at $0.70 per share, inflating the firm’s worth […]