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CHINA

October 10th, 2018 China’s Tencent Holdings is tying up with a technology firm from the United Kingdom called Medopad Ltd to use artificial intelligence for the purpose of improving Parkinson's disease treatment. The company is collaborating with Medopad to develop a system to remotely monitor patients with severe movement disorder. The company said...
CHINA

October 8th, 2018 China’s EV company WM Motor has started volume delivery of its first model, the EX5 SUV marking its first entry into the country's booming new energy vehicles space. The company has been backed by internet giant Tencent and was established in 2015. It has a plant capable of producing 200,000 vehicles in Wenzhou, Zhejiang...
CHINA

October 5th, 2018 China’s software and IT sector are reportedly witnessing faster growth in terms of both revenue and profit in the first eight months of the year. According to the Ministry of Industry and Information Technology (MIIT), the total revenue of the sector was around $574.19 billion (3.95 trillion yuan) in January-August, increased from 14.8...
CHINA

October 2nd, 2018 China’s popular conglomerate Wanda Group has entered into a strategic partnership with USA’s leading hospital UPMC. This has been done to jointly build international hospitals, as part of the company's deeper entry into the country's burgeoning healthcare sector. Wanda is a property-to-entertainment conglomerate that will join...
CHINA

October 1st, 2018 China’s capital Beijing has announced to add 1,628 more public charging piles for the new energy vehicles. These fresh charging services will be placed in crowded areas near shopping malls, hospitals, hotels and parks in more than 10 districts around the city. At present, the Chinese city has a total of 132,000 charging piles for...
CHINA

September 29th, 2018 The cloud computing arm of the Alibaba Group has reportedly launched its second availability zone in Indian city Mumbai. The company stated that this freshly built zone will complement the first availability zone that was opened in January this year. This will provide products such as Elastic Computing, Storage, Database, Network,...
CHINA

September 27th, 2018 Internet giant Tencent has got into an association with China’s largest payment provider China UnionPay and its subsidiary UnionPay International for the purpose of offering cross-border mobile payment services for Hong Kong residents. This will also allow the users to use the Hong Kong version of WeChat Pay on the mainland. The...
CHINA

September 21st, 2018 China’s Funcl announced the launch and unveiled its latest wireless earphones in Beijing on Thursday. This launch was a part of the young startup's ambition to give a tough fight to the major earphones in the market including AirPods from Apple Inc and FreeBuds from Huawei Technologies Co Ltd. The gadgets include an AI wireless...
CHINA

September 19th, 2018 The digital space all over the globe is emerging at a great pace, and thus, China has decided to invest $14.6 billion (100 billion yuan) for developing the digital economy in the next five years. According to an agreement signed by China Development Bank and the National Development and Reform Commission, this investment will be done...
CHINA

September 15th, 2018 The internet of things (IoT) market in China reached more than 1 trillion yuan ($146 billion) last year, and is expected to maintain rapid growth in the next few years. In China, IoT has enjoyed a compound annual growth of more than 25 percent from 2009 to 2017, and the IoT cloud platform has become the key to ignite competition in the...
CHINA

September 12th, 2018 China’s e-commerce major Alibaba and Russia’s internet company Mail.ru have announced that they have entered into a deal to launch a joint venture in Russia and former Soviet countries. The new venture will be called AliExpress Russia, taking after the name of an existing Alibaba platform. The two groups and the Russian...
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