Alibaba Group lays off dozens of employees to cut costs: reportAlibaba layoffs: China's Alibaba Group has reduced the Yuanjing team, its metaverse arm, as part of a broader reset. The division was set u...
04 Nov, 2024, 10.38 AM IST
China's $138 billion stimulus bond sale starts on FridayThe finance ministry confirmed what four sources had told Reuters earlier on Monday that the 1 trillion yuan ($138.23 billion) of special g...
14 May, 2024, 12.59 AM IST
China's Tencent Music beats revenue estimates on paid subscriber growthThe company's social entertainment services posted a nearly 50% drop in revenue as Beijing's crackdown on online gambling continues to cast...
14 Nov, 2023, 04.16 PM IST
China aims to ship 25 million virtual reality devices by 2026The China Academy of Information and Communications, a state-backed think tank, published a report on Tuesday saying that China's motivatio...
01 Nov, 2022, 06.40 PM IST
Xiaomi unveils Xiaomi 12S, 12S Pro & 12S Ultra, price starts at Rs 47K. Check out detailsAll three smartphones in Xiaomi 12S series were launched in China in a virtual event.
05 Jul, 2022, 09.33 AM IST
A metaverse with Chinese characteristics is a clean and compliant metaverseThe descriptions point to the long shadow thrown by Chinese authorities who have already intimated they will have a heavy regulatory hand i...
26 Jan, 2022, 11.03 AM IST
How a Digital Yuan threatens to imperil Bitcoin’s biggest markets“Once a digital yuan is introduced, that’s going to be one of the biggest risks in crypto,” Gillespie, who previously worked in currency ma...
06 Mar, 2021, 12.46 PM IST
JD.com becomes first online platform to accept China's digital currencyJD Digits, the company's fintech arm, will accept digital yuan as payment for some products on its online mall, as part of an experimental ...
05 Dec, 2020, 03.15 PM IST
Zoom transforms hype into huge jump in sales, customersThe company said its expects adjusted profit in the fiscal year will be $355 million to $380 million, or $1.21 to $1.29 a share. Analysts h...
03 Jun, 2020, 09.01 AM IST
Zoom CEO seeks redemption as trolls invade coronavirus haven“Zoombombing” -- where unauthorized people get access to a meeting and share hate-speech or pornographic images -- started trending on soci...
07 Apr, 2020, 11.14 AM IST
China eyes double-digit growth in software, IT service sectorsThe country also aims to bring sales revenue from information security products to 200 billion yuan in 2020 with average annual growth over...
17 Jan, 2017, 09.25 PM IST
China's yuan hits 5-year low as Brexit fears roil global currency marketsConcerns that Britain may vote to leave the European Union in a referendum next week continued to rattle global financial markets and polic...
15 Jun, 2016, 11.31 AM IST
China reserves show stabilisation as growth slowsOverseas shipments rose 4.1% in yuan terms from a year earlier yet fell 1.8% in dollar terms, the customs administration said Sunday.
10 May, 2016, 06.43 AM IST
China to invest $70 bn to improve InternetChina said it would invest $70 billion to increase Internet speeds and expand broadband access in rural areas by this year.
20 May, 2015, 11.13 PM IST
China Singles Day online shoppers spend almost $ 6 billionThe most popular items sold on Singles' Day included underwear, diapers, baby milk formula, mobile phones, cars, diamond rings and home app...
12 Nov, 2013, 04.28 PM IST
- India way behind China in securing petroleum supplies
India faces an uneven contest with China, which is dipping into $2.4 trillion of foreign currency reserves to buy stakes in oil & natural g...
06 Jul, 2010, 12.14 PM IST
- SAIC to fund own-brand vehicles
SAIC Motor Corp, China's top automaker, said on Thursday it will raise up to 10 billion yuan ($1.5 billion) through a share placement large...
24 Jun, 2010, 06.21 PM IST