FILE PHOTO: The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, December 6, 2018. REUTERS/Chris Wattie/File Photo (Reuters) - China’s envoy to the European Union warned that excluding Chinese tech group Huawei could hamper new 5G mobile networks, the Financial Times on Sunday. Efforts to limit involvement of Chinese technology in upcoming 5G projects in Europe might bring “serious consequences to the global economic and scientific co-operation,” Ambassador Zhang Ming said in an interview with FT. Some Western governments, led by the United States, have barred the use of the Chinese company’s equipment in new networks over concerns the technology could be used for spying. Huawei has denied the claims, saying network security has always been its priority. Reporting by Ishita Chigilli Palli in Bengaluru and Paul Sandle in London; Editing by Cynthia Osterman … [Read more...] about Excluding Huawei could hurt 5G network development: China envoy to EU
China
ICYMI: China Has Launched 2 Rockets So Far This Year, Placing 5 Satellites in Orbit
The China National Space Administration has launched two rockets so far in 2019, placing five satellites in orbit for a variety of uses. China's first space mission of the year lauched Jan. 11, with a Long March 3B rocket carrying the Zhongxing-2D communications satellite into orbit from the country's Xichang Satellite Launch Center in the Sichuan Province. The satellite will provide transmission services for the country's radio and television networks, according to the China Academy of Sciences. A Long March 11 rocket launched four more satellites for China on Jan. 22, lifting off from the Jiuquan Satellite Launch Center in the country's northwestern Gansu province. That mission carried two "multispectral imaging" satellites with China's Jilin-1 satellite family, according to the state-run Xinhua news service. The new satellites join 10 other Jilin-1 satellites already in orbit to provide "remote sensing data and services for forestry, shipping and … [Read more...] about ICYMI: China Has Launched 2 Rockets So Far This Year, Placing 5 Satellites in Orbit
China created a unicorn every 3.8 days in 2018
Shanghai was one of the three cities home to fast-growing Chinese startups last year. (Photo by Arusa Pisutthipan) China fostered 97 unicorns -- startups valued at least US$1 billion (31.5 billion baht) -- last year, despite an economic slowdown and a prolonged trade war with the United States, according to Shanghai-based research firm Hurun Report. The world’s second largest economy had a total of 186 unicorn startups last year, with a combined valuation of more than 5 trillion yuan (23 trillion baht). Alipay operator Ant Financial Services, an affiliate of e-commerce giant Alibaba Group Holding, led all Chinese unicorns with a valuation of more than 1 trillion yuan, according to the Hurun Greater China Unicorn Index 2018. Alibaba is the parent company of the South China Morning Post. Jinri Toutiao, the popular Chinese news aggregator owned by Beijing-based ByteDance, was the country’s second largest unicorn with an estimated value of 500 billion yuan. Didi Chuxing, … [Read more...] about China created a unicorn every 3.8 days in 2018
Facebook’s China problem: could it be the next tech giant hit by the Asian slowdown?
Facebook risks becoming the next big victim of China’s economic slowdown due to falling advertising spending from Chinese companies, a top Wall Street analyst has warned. The Silicon Valley social media giant, which reports its next quarterly earnings on Wednesday, is banned from operating in China but it still collects about $7bn per year in advertising revenues from big Chinese companies seeking to reach western consumers, according to Brian Wieser, analyst at Pivotal Research. China’s economy grew by 6.6pc in 2018, its lowest level since the 1990s. The weaker pace of growth has led to a tough period for Chinese companies. The Chinese slowdown is likely hit Facebook as advertisers begin spending... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week … [Read more...] about Facebook’s China problem: could it be the next tech giant hit by the Asian slowdown?
Canada’s prime minister fires his ambassador to China
Rob Gillies, Associated Press Updated 1:30 pm PST, Saturday, January 26, 2019 Canadian Ambassador to China, John McCallum, listens to a question following participation at the federal cabinet meeting in Sherbrooke, Quebec, Wednesday, Jan. 16, 2019. (Paul Chiasson/The Canadian Press via AP) less Canadian Ambassador to China, John McCallum, listens to a question following participation at the federal cabinet meeting in Sherbrooke, Quebec, Wednesday, Jan. 16, 2019. (Paul Chiasson/The Canadian Press via ... more Photo: Paul Chiasson, AP Photo: Paul Chiasson, AP Image 1 of / 4 Caption Close Image 1 of 4 Canadian Ambassador to China, John McCallum, listens to a question following participation at the federal cabinet meeting in Sherbrooke, Quebec, Wednesday, Jan. 16, 2019. (Paul … [Read more...] about Canada’s prime minister fires his ambassador to China