China Telecom is cutting its 5G investment as it re-prioritizes data centers and looks at listing its cloud unit, reports Caixin. The telecom giant plans to invest RMB 34 billion ($5.3 billi... Read more
DeepGlint, a Chinese artificial intelligence (AI) company that was added to the US government’s trade blacklist in July last year and once targeted a $300 billion valuation, had its initial... Read more
The Shanghai Disney Resort has announced it will close until further notice from Monday due to the current outbreak of the coronavirus pandemic in China, reports Reuters. “Due to the c... Read more
German carmaker Mercedes-Benz Group AG announced the opening of a new research and development (R&D) center in Shanghai that will work to develop mobility technology, reports Nikkei Asia... Read more
Yum China Holdings, which operates KFC, Pizza Hut and Taco Bell in China, announced its board has upped the chain’s share buyback plan by $1 billion to $2.4 billion, reports Reuters. Shares... Read more
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