CHINA | Pixr8 News

Chinese Company Files $1.4 Billion Lawsuit Against Apple

3Aug By reutersNo Comments

CHINA

Chinese Company Files $1.4 Billion Lawsuit Against Apple

Shanghai, 3rd Aug 2020: Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co, Ltd, also known as Xiao-i, has filed a lawsuit against Apple Inc, alleging it has infringed on its patents. The company is calling for 10 billion yuan ($1.43 billion)in damages and demands that Apple cease "manufacturing, using, promising to sell, selling, and importing" products that infringe on the patent, it said in a social media post. Xiao-i argued that Apple's voice-recognition technology Siri infringes on a patent that it applied for in 2004 and was granted in 2009. Apple did not respond to a request for comment. Reuters was not immediately available to find a copy of the court filing. The lawsuit marks the continuation of a row that has been ongoing for ne...

13Jul By reutersNo Comments

CHINA

Smartphone shipments in China fall 16% in June

SHANGHAI, 13th July 2020 (Reuters) - Smartphone shipments in China fell 16% in June compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the coronavirus pandemic, boding poorly for Apple Inc AAPL.N and its local rivals like Huawei Technologies Co Ltd. Phone makers shipped 27.7 million handsets in June, down from 32.7 million in June 2019, according to the China Academy of Information and Communications Technology (CAICT), a state-backed think tank. That follows a similar decline in May, when shipments dropped more than 10% annually, from 36.4 million in May 2019 to 32.6 million one year later. In April, after a slump in the previous months due to the ...

Tencent Games Launched New Games and Partnership

29Jun By AdityaNo Comments

CHINA

Tencent Games Launched New Games and Partnership

SHENZHEN, China, June 29, 2020-- Tencent Games, the world-leading game development, publishing, and operation platform, unveiled a new chapter in innovative gameplay and quality games with a roadmap of more than 40 game product updates, including new self-developed and licensed games with fan favorite intellectual property (IP). The announcement made at the Tencent Games Annual Conference held online this year, demonstrates Tencent's leadership role in adapting famous global franchises for cross-platform games. The event, with the theme "Spark More!", featured the introduction of Tencent Games' new self-developed games and collaborations with world-renowned IP owners, global game publishers and developers to offer new and exciting gaming experiences to players. Ten...

Chinese Tech Company criticize US Government

25May By AnkitaNo Comments

CHINA

Chinese Tech Company criticize US Government

One of China's biggest tech companies has criticised the Trump administration for "politicising business" after it slapped export sanctions on 33 more Chinese enterprises and government entities. The new measures announced on Friday expanded a US campaign against Chinese companies Washington says might be security threats or involved in human rights abuses. Beijing criticised curbs imposed earlier on tech giant Huawei and other Chinese companies but has yet to say whether it will retaliate. The most prominent name on the latest blacklist is Qihoo 360, a major supplier of anti-virus software and a web browser. The decision to add the companies to the Commerce Department's Entity List limits their access to US components and technology by requiring government permission for exports....

Chinese investment lowest in US since 2009 But Coronavirus is not the reason

11May By PriyankaNo Comments

CHINA

Chinese investment lowest in US since 2009 But Coronavirus is not the reason

China's direct investment in the United States fell last year to its lowest level since the Great Recession, even before the coronavirus pandemic shut down much of global commerce. The decline in Beijing's investment in the United States reflected tensions between the world's two biggest economies and Chinese government restrictions on overseas investment. A report out Monday from the National Committee on US-China Relations and the Rhodium Group consultancy found that China's direct investment in the US dropped from USD 5.4 billion in 2018 to USD 5 billion last year, the lowest level since the recession year of 2009. Direct investment includes mergers, acquisitions and investments in things like offices and factories but not financial investments like purchases of stocks and bond...

Former Vice President of Baidu’s Suspected of Corruption

22Apr By PriyankaNo Comments

CHINA

Former Vice President of Baidu’s Suspected of Corruption

A former executive at China's internet search giant Baidu is being investigated for corruption, the company said. Ex-Baidu vice president Wei Fang is under suspicion of corruption following internal investigations, and his case has been handed over to public authorities, said the firm's professional ethics committee in a statement to AFP. Baidu vowed it would "resolutely crack down on all violations of law and discipline", but did not give further details of Wei's alleged wrongdoing. The case comes just weeks after it was revealed that a top executive at Starbucks competitor Luckin Coffee might have faked 2.2 billion yuan (USD 310 million) worth of sales last year, causing the shares of the NASDAQ-listed firm to plummet over 70 per cent. The former chief operating officer and s...

31Mar By NitishNo Comments

CHINA

China’s Manufacturing Rebounds as Virus Controls Ease

China's manufacturing rebounded in March as authorities relaxed anti-disease controls and allowed factories to reopen, an official survey showed Tuesday, but an industry group warned the economy has yet to fully recover. The ruling Communist Party is trying to revive the world's second-largest economy after declaring victory over the coronavirus even as the United States and other governments shut down businesses. The purchasing managers' index issued by the Chinese statistics bureau and the official China Federation of Logistics & Purchasing rose to 52 from February's record low of 35.7 on a 100-point scale on which numbers above 50 show activity increasing. The federation and private sector economists cautioned the economy still faces challenges as manufacturers rebuild supp...

How Internet Saved Chinese People from food Shortages amid virus fears

19Feb By AnkitaNo Comments

CHINA

How Internet Saved Chinese People from food Shortages amid virus fears

Wang Feng, house-bound by China's virus outbreak, counts on the parka-clad delivery drivers of e-commerce giant JD.com to keep her kitchen stocked. Demand for online food vendors has surged since China's government told the public to stay home as part of the most sweeping anti-disease controls ever imposed. On Tuesday, Wang's phone buzzed with a text message that a delivery had arrived. The retiree bundled up against the winter cold, put on a face mask and emerged from her apartment complex to collect walnut milk and other goods from shelves on the sidewalk an anti-virus measure to limit contact with drivers who normally go door to door. They work really hard, and it's dangerous, said Wang. Without their services, we would not be able to survive at all." JD.com Inc. and rivals inc...

Ikea to close half its Chinese Stores over Virus Outbreak

30Jan By AnkitaNo Comments

CHINA

Ikea to close half its Chinese Stores over Virus Outbreak

Swedish furniture giant Ikea had temporarily closed half of its 30 stores in mainland China until further notice amid concerns over the deadly new corona virus. "In response to the Chinese government's call for strict and effective disease control, Ikea Retail China will temporarily close around half of the stores in mainland China until further notice, effective from January 29," the company said in a statement. Ikea had last week closed its store in Wuhan, the city where the outbreak originated in late 2019. Chinese authorities said Wednesday that the number of confirmed deaths from the virus has risen to 132 nationwide, with the confirmed total of infections now nearly 6,000 worldwide. Ikea said it was working with authorities in the cities and regions where it operates and ...

Chinese city turns into Ghost Town after Samsung shifts operation to India, Vietnam

12Dec By AdityaNo Comments

CHINA

Chinese city turns into Ghost Town after Samsung shifts operation to India, Vietnam

Huizhou city on the north of China's flourishing Pearl River Delta has turned into a ghost town after Samsung closed its three-decade old factory and shifted operations to India and Vietnam in October, in the first visible fallout of the ongoing trade war between China and the US. The bustling city turned a "ghost town" after Samsung closed its last smartphone factory in China, the Hong Kong-based South China Morning Post reported on Wednesday. Samsung relocated production to Vietnam and India in large part as a response to the trade war between the world's two largest economies, it said, adding that the industry insiders consider that it reflected China's changing position in the global supply chain. Last year Samsung inaugurated its world's largest mobile factory in Noida, near ...

Alibaba Single Day sales hit $10 billion in Less than 30 minutes

11Nov By AdityaNo Comments

CHINA

Alibaba Single Day sales hit $10 billion in Less than 30 minutes

E-commerce giant Alibaba's Singles' Day sales hit USD 10 billion in less than 30 minutes of the event going live. The Alibaba Group's various shopping platforms' total gross merchandise value (GMV) exceeded USD 10 billion in only 29 minutes and 45 seconds, while it took just 1 minute and 8 seconds to achieve a total GMV of USD 1 billion, after the Chinese e-commerce behemoth kicked off it's 11.11 Global Shopping Festival. Within the first two hours, the total GMV exceeded 120.7 billion renminbi (USD 17.24 billion), surpassing the total GMV of 2016 11.11. Some of the top countries selling to China by GMV included Japan, United States, South Korea, Australia, Germany, United Kingdom and France. According to Alibaba, the number of orders created at the peak of the 2019 11.11 Globa...

17Oct By reutersNo Comments

CHINA

Tesla gets Approval to Start Manufacturing in China

SHANGHAI, 17th Oct 2019- China’s industry ministry said that the Tesla Inc was added to a government list of approved automotive manufacturers, as it granted the electric-vehicle maker a certificate it needs to start production in the country. The list was published by the Ministry of Industry and Information Technology. This means “the green light is fully given to Tesla for production in China,” said Yale Zhang, head of the Shanghai-based consultancy Automotive Foresight. Tesla can start production any time, he said Tesla did not immediately respond to an e-mailed request for comment. The $2 billion factory it is building in the eastern Chinese city of Shanghai is its first car manufacturing site overseas. Reuters reported earlier this month that Tesla plans to start product...