China’s state media has joined the security industry in promoting the stock market, Bloomberg reported. Xinhua published numerous articles this week advocating equity investing after similar stories appeared in the People’s Daily newspaper and on state-run television last month – part of an increased government push to bolster the market. Authorities have also cut trading […]
Category: Tech, Media & Telecom
The Xi Jinping administration continues its ratcheting up of media controls, ordering journalists to learn “Marxist news values”, Reuters reported, citing state media. The guidelines from the All China Journalists’ Association, published by state news agency Xinhua, are aimed at both traditional and online media. The association said journalists “must learn to master Marxist news […]
A China based supplier for Samsung Electronics (005930.KRX) and Lenovo Group (0992.HKG) has come under fire from a U.S.-based activist group as it denies allegations of hiring child laborers, Reuters reported, citing a China Labour Watch Statement. Samsung Electronics also said it had found no children or students working on the Samsung production line at […]
Alibaba saw impressive first quarter results with net income almost tripled to RMB12.23 billion (US$1.99 billion), or RMB5.16 a share ahead of its IPO, Bloomberg reported, citing a Tuesday stock exchange filing. Revenue rose 46% to RMB15.6 billion as advertisers boosted spending on the Tmall and Taobao platforms. Alibaba, China’s biggest e-commerce operator, may kick […]
China Telecom (CHA.NYSE, 0728.HKG) saw its user base shrink by 5.34 million mobile subscribers in the first half and aims to step up its 4G push, South China Morning Post reported, citing a senior research analyst. Rival SOE China Mobile launched 4G voice call and data services soon after it was granted a licence at […]