The Civil Aviation Administration of China (CAAC) said that it has set up a task force to review design changes to the Boeing 737 MAX that had been submitted by the aircraft manufacturer after the fleet was grounded last month, said Reuters. China’s aviation regulator has reverted to Boeing and the US Federal Aviation Administration […]
Category: Company profile
Huawei, the Chinese telecoms company that is leading a global race to build 5G mobile networks, has revealed that all of the 40 commercial contracts it won for the development of 5G infrastructure are outside mainland China, said the Financial Times. Huawei said 23 of its 5G contracts were from Europe, 10 from the Middle […]
Bytedance Ltd., an internet technology company and China’s most valuable startup, has secured a $1.3 billion syndicated loan in a deal led by Morgan Stanley and Goldman Sachs Group, alongside Bank of China and CMB Wing Lung Bank, reported Bloomberg. The deal marks Bytedance’s debut in the syndicated loan market and underscores its growing clout in attracting […]
Google has stopped distributing advertisements in China for two websites that review VPN software, in a move that critics consider signals an effort by the American tech giant to curry favor with Beijing, said the Financial Times. Last week, VPNMentor, a company that reviews virtual private network services that allow users to bypass China’s internet […]
JPMorgan Chase and Nomura Holdings Inc. have received approval to set up new securities joint ventures in China with majority foreign ownership, as regulators followed through on a promise to open up the country’s financial markets, said Caixin. China’s securities regulator gave the green light for two new securities joint ventures, Nomura Oriental International Securities Co. Ltd. and […]