China Telecom revealed to Chinese local media that the company has set up a subsidiary in France. At the same time, this Chinese telecom operator formally launched its international mobile virtual service CTExcelbiz in the country. CTExcelbiz is a mobile virtual communication service specially designed for Chinese people in foreign countries. They can subscribe this […]

Apple's financial report for the fourth financial quarter ended September 28, 2013, stated that the company made operating revenue of USD5.733 billion in Greater China. According to the report, the company realized operating revenue of USD5.733 billion in Greater China during the fourth financial quarter, marking a year-on-year increase of 6% from USD5.427 billion in […]

Chinese telecom operator China Unicom published its financial report for the third quarter of 2013 and stated that its operating revenue reached CNY75.9 billion, a year-on-year increase of 19%; and its net profit reached CNY3.06 billion, a year-on-year increase of 51%. During the third quarter of 2013, China Unicom gained about 12 million new 3G […]

Chinese telecom device maker ZTE published its performance results for the first three quarters of 2013. ZTE's operating revenue was CNY54.659 billion during the first three quarter of 2013, a year-on-year decrease of 10%; its net profit was CNY552 million, a year-on-year increase of 132.44%; and its basic earnings per share were CNY0.16. In addition, […]

Shanghai Youni Network Technology Company Limited, which is owned by Shanda, has launched the official edition of its first social payment product named Youni. With mobile phone numbers as account IDs and based on the phone book contacts of users, Youni integrates mobile socialization and payment transactions between individuals. Youni features convenient services and socialization […]

China's Internet consumption maintained rapid growth and the 3,000 retail enterprises monitored by China's Ministry of Commerce realized a year-on-year increase of 34.7% in the Internet sales sector from January to September 2013. Mofcom predicted that during the first three quarters of 2013, the Internet consumer retail sales would reach CNY1.3 trillion, which is equal […]

China's Lenovo Group is reportedly considering initiating a comprehensive offer to acquire the Canadian smartphone brand BlackBerry. An insider revealed to local media that Lenovo has signed a confidentiality agreement with BlackBerry. Under this agreement, Lenovo will be able to check the financial accounts of BlackBerry and conduct due diligence. Neither Lenovo nor BlackBerry gave […]

Following Taobao.com's cooperation with FamilyMart in Taiwan, Alibaba's third-party Internet payment subsidiary Alipay.com has also announced plans to enter the Taiwanese market in 2014. Fan Zhiming, vice president of Alipay, said that once approved by Taiwanese regulators, Alipay will launch a big promotion to enter the Taiwanese market during the first half of 2014. Fan […]

Chinese Web browser developer Maxthon formally launched a cloud browser product for the Windows Phone platform. Maxthon now covers the Mac, iOS, Android, Windows, and Windows Phone platforms. According to Maxthon, the company will cooperate with MTK's Rolltech for pre-installation; and it will also work with Lenovo for PCs sold in Europe and South America. […]

Recent machinations in China suggest the Chinese telecommunications companies may be near the end of monopolizing their sector. Xu Kunlin, director of the bureau of price supervision and anti-monopoly at the National Development and Reform Commission, revealed to local media that the commission has been urging China Telecom and China Unicom to continue to rectify […]

Taiwanese smartphone maker HTC published its latest performance report, stating that the company saw net losses in the third financial quarter of 2013. This is the company's first net loss since 2002. During the third financial quarter of 2013, HTC made net losses of NTD2.97 billion, which was about CNY630 million. By September 30, the […]

Twitter's just-released initial public offering prospectus shows China is still an important deficit in its global growth strategy. In Twitter's F-1 IPO statement, the company said it is raising USD1 billion, which is largely a pro forma number until the company calculates fees and eyes its roadshow. The company recorded USD317 million in revenue in […]

Alibaba Group announced that they have acquired the Chinese cloud storage software provider Kanbox to enter the personal wireless cloud storage sector. With the acquisition, Gu Zhicheng, chief executive officer of Kanbox, and the Kanbox team will all join Alibaba Group. Gu will still be responsible for ongoing businesses at Kanbox. Alibaba did not reveal […]