IT


Sunac provides loan lifeline to Leshi

PROPERTY giant Sunac, one of the major shareholders of Leshi Internet Information & Technology, said yesterday that it has offered a 1.79 billion yuan (US$270 million) loan to the Shenzhen-listed IT company ...

November 17, 2017, Friday


Driverless mini-buses to trial in July 2018

BAIDU will start the production and trial operation of self-driving mini-buses in July 2018 in collaboration with Xiamen King Long United Automotive Industry Co, the company’s CEO and chairman, Robin ...

November 17, 2017, Friday


Cybersecurity gets boost

Financial service firm EY aims to double the size of its cybersecurity team in China “within next 18 months” to meet surging demand in the market where its cybersecurity revenue soared 50 percent annually,...

November 16, 2017, Thursday


Sharing economy to rise

CHINA’S sharing economy will grow about 40 percent this year to 4.5 trillion yuan (US$680 billion), an official with the national economic planner said yesterday. “The sharing economy is expected to ...

November 16, 2017, Thursday


Funding for ‘AI and chip’

SenseTime, China’s leading artificial intelligence unicorn startup, said yesterday it has secured an investment from US chip giant Qualcomm to co-develop an “AI and chip” strategy to boost development...

November 16, 2017, Thursday


Bright sales seen for water-borne paints

SALES of water-borne paints for industrial use in China will grow 20-30 percent annually driven by environmental policies and rising consumer awareness, said a report released yesterday at the ChinaCoat ...

November 15, 2017, Wednesday


Evonik sees rising demand

Germany-based specialty chemicals producer Evonik said yesterday it is expanding in China to meet robust demand arising from its industrial upgrading....

November 15, 2017, Wednesday


Shanghai’s AI sector set to flourish

SHANGHAI’S artificial intelligence industry revenue will hit 100 billion yuan (US$15.2 billion) by 2020, and likely become the city’s new growth engine, top government officials said yesterday. It will ...

November 15, 2017, Wednesday


US$103b unsolicited bid rejected

A sign on the Qualcomm campus is seen as the mobile chipmaker yesterday rejected rival Broadcom Ltd’s US$103-billion takeover bid, saying the offer “dramatically” undervalued the US company. Broadcom made an unsolicited bid last week in its bid to become the dominant supplier of chips used in the 1.5 billion or so smartphones set to be sold globally this year. ...

November 14, 2017, Tuesday


China leads the world’s fastest supercomputers

Once again, China dominated a new list of the world’s fastest supercomputers, not only taking the top two seats, but also pulling ahead of the United States in the sheer number of systems being used....

November 14, 2017, Tuesday


 

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