Alibaba beats quarterly revenue estimates
Beijing – China’s Alibaba Group Holding Ltd (BABA.N) reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses. The results come as the company gears up for its annual … Continue reading Alibaba beats quarterly revenue estimates
China’s state telecoms launch 5G services
Beijing – China’s three state telecoms on Thursday announced the roll-out 5G mobile phone services, marking a key step in Beijing’s ambitions to become a technology superpower at a time when it remains locked in trade tensions with Washington. China … Continue reading China’s state telecoms launch 5G services
Forum underscores green Belt and Road development
Beijing – Officials and experts agreed that green development is essential to the Belt and Road Initiative, and they are calling for more concrete and coordinated efforts among countries involved in the initiative at the 4th Annual Forum of the … Continue reading Forum underscores green Belt and Road development
Tesla starts selling China-made Model 3
Beijing/Shanghai – U.S. electric vehicle maker Tesla (TSLA.O) started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company’s cheapest model on sale in the country, the official website showed. It suspended … Continue reading Tesla starts selling China-made Model 3
China has plans for aerospace plane
Beijing – China announced that it has taken an important step forward in its plans to develop a two-part aerospace plane that could one day deliver much heavier payloads into space than the space shuttle. The wind tunnel experiment successfully … Continue reading China has plans for aerospace plane