Sunday, May 26

Tag: Beijing

Beijing to Build 1,628 More Electric-Auto Charging Piles
Automobile, CHINA

Beijing to Build 1,628 More Electric-Auto Charging Piles

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 new energy vehicles, and with this addition, it is going to expand more. The demand and sale of electric vehicles are increasing day by day. New energy vehicle sales went up 49.5 percent year-on-year to 101,000 vehicles last month, on the other hand, production rose 39 percent to 99,000 vehicles. China has been the world's largest new energy vehicle market for three continuous years. Last year, the country sold around 777,000 vehicles. The country produce...
China’s Funcl Launches Wireless Earphones to Beat Apple, Huawei
CHINA

China’s Funcl Launches Wireless Earphones to Beat Apple, Huawei

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 headphone using Snapdragon technologies from Qualcomm, which will enable users to power AI voice assistant and real-time translation. "The smart earphone market will witness an explosive growth this year and we will tap into this rising market," said Miao Jingwei, product manager of Funcl, a headphone maker. Also, the company stated that the time delay rate of this latest earphone was only 60 milliseconds, which is the best not only in China but also across the...
Cost of Living in China’s First Tier Cities Gets a Hype
CHINA

Cost of Living in China’s First Tier Cities Gets a Hype

China is the most populated country in the world and therefore, its GDP is also the highest among all the countries. Taking all these points into consideration, the cost of living in first-tier cities in China has also been increasing day by day and has now paved way among the highest in the world. The country is growing rapidly and so is the cost of living. The cities where the cost of living is high include Beijing, Shanghai, Shenzhen. Generally, Beijing high living cost mainly for its house rent and the expensive traffic fee. In China, The areas of lowest living cost include Yingchuan, Luoyang, Xining, these cities all located in northwest China. Living in these cities could reduce the cost of living. The areas of normal living cost include many middle cities, like Chengdu, ...
China Plans to Import American Goods Worth $70 Billion
CHINA

China Plans to Import American Goods Worth $70 Billion

China has reportedly offered to buy agricultural and energy products worth $70 billion approximately from the United States as long as the Trump administration is not moving forward to impose tariffs against the country. This offer popped up during a meeting in Beijing held this weekend between Commerce Secretary Wilbur Ross and the Chinese economic adviser Liu He. The offer revolved all around a package that included that the Chinese companies would buy more of US farm and energy products such as soybeans, corn, natural gas, crude oil, coal and manufactured goods. The estimated value of the package, in this matter, was around $70 billion in the first year as stated previously. China's state-backed newspaper Xinhua said that China is willing to increase imports from other countries, ...
China to Cut Import Tariffs on Consumer Goods By July 1
CHINA

China to Cut Import Tariffs on Consumer Goods By July 1

The Finance Ministry of China has announced to slash import tariffs on nearly 1,500 consumer products ranging from cosmetics to home appliances from July 1, a move that would boost imports as a part of efforts to open up the economy. This move will be in line with Beijing's pledge to its trade partners-including US that China will push efforts to increase imports offering a boon to global brands looking to extend their reach in China. A detailed list of products that will be affected by the new tax rates has been published by the finance ministry. Import tariffs on footwear, apparel, kitchen supplies will be halved to an average of 7.2 percent from 15.9 percent while refrigerators and washing machines tariffs will be reduced to 8 percent, from 20.5 percent. Skincare and cosmetic p...
SHAREit Acquires South Indian Movie Streaming App
ACQUISITION

SHAREit Acquires South Indian Movie Streaming App

SHAREit, the Beijing-based file sharing platform recently announced the acquisition of movie app Fastfilmz that only displays South Indian movies, for an undisclosed amount. SHAREit revealed in a statement that the acquisition valued the company at $13 million. Fastfilmz last raised a funding round of $4 million last year. The founder of Fastfilmz, Karam Malhotra will move to SHAREit office, taking the post of Chief Executive of SHAREit India. The acquisition of Fastfilmz has been made to carry out the ambitions of the Chinese tech company in distributing wider contents across regional languages as well. Fastfilmz operates as an over-the-top (OTT) platform meaning that it sells the movies it broadcasts directly to its customer base over the internet through streaming media, instea...
Beijing Based LeEco Launches Driverless Electric Concept Supercar
CHINA

Beijing Based LeEco Launches Driverless Electric Concept Supercar

Chinese technology company LeEco today unveiled what it claimed to be the world's first driverless electric concept supercar. The company, which has an aggressive strategy for Indian smartphone space, also launched three smartphones, Le 2, Le 2 Pro and Le Max 2, and two premium televisions Le Super 4X50 and Pro/X50. The LeSEE supercar encompasses a unique internet design, with a large and flamboyant LED screen. The car works on the idea of "inter-connection" and offers fully-automatic driving functions. It can also learn on its own with facial recognition, emotion recognition, system recognition and path recognition. The company did not share details of the car with regard to commercial launch, time and money invested in developing and price tag, among others. All it said was it w...
China Party to Punish Former Tycoon for Microblog Posts
CHINA

China Party to Punish Former Tycoon for Microblog Posts

China's ruling Communist Party will impose "severe intra-party penalties" on a former property tycoon whose microblogs were closed at the weekend after he criticised government policy, state news agency Xinhua reported. Microblog portals such as Weibo.com and t.qq.com, among China's most popular, were ordered to shut the accounts of Ren Zhiqiang, a retired top executive from a state-controlled property developer who had more than 30 million online followers. China's Internet regulator said that Ren, a party member, had been "spreading illegal information". Chinese media has accused Ren of making remarks criticising state media and questioning whether taxpayers money should be used to promote the government. The Beijing city Xicheng district party committee said that Ren had "re...