Compared to the same period last year, the total number of active customers rose from Vipshop acquired Chinese brick-and-mortar chain Shan Shan Outlets back in July, in an effort to expand its presence in physical retailing.
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Japan replaced China as the largest holder of U. Department of the Treasury. The figures represent the first time since May that China is not the largest holder of Treasury bonds. Previous data from the U. Census Bureau also showed that China is no longer the U. President Donald Trump threatened Aug. However, the U. Read the full story on Caixin Global later today. Caixin learned that telecom branches in other areas have yet to receive detailed instructions to roll out 5G services.
A Huawei staffer told Caixin that another 5G model—Huawei Mate 30 X 5G—might be availble for pre-order in September, and could formally debut by the end of this year in China. The promise of artificial intelligence has yet to translate into big business. AInnovation, established in March , develops artificial intelligence products for companies in industries such as retail, manufacturing, and finance.
For retail companies, AInnovation sells products including a smart vending machine that opens with facial recognition and software that monitors retail shelves with image recognition. It holds shares in more than companies, most of which are in China. Venture deals in China have been plummeting as investors pull back amid escalating trade tensions and slowing economic growth. Sinovation was one of the first Chinese venture capital firms with a presence in the U.
Alibaba Group Holding Ltd. For the three months ended in June, the Chinese e-commerce giant reported revenue of The company said its non-GAAP diluted earnings per share were Baidu Inc. NetEase Inc. Baidu has struggled to fend off competition from the likes of Tencent and ByteDance Inc. The company enjoyed a near-monopoly in Chinese internet search after Google departed in over government censorship.
This week, ByteDance launched its own stand-alone search engine, posing a serious threat to the almost two-decades-old Baidu.
The company was previously pushed out of the top three in market value by e-commerce operator JD. Baidu, together with rivals Alibaba and Tencent, has long formed part of a trio of leading internet companies known by the acronym BAT. Baidu in May posted its first quarterly loss since its stock market debut, after the Chinese economy slowed and rivals chipped away at its advertising sales.
The municipal commerce regulator in Beijing issued a plan Thursday to ease control over foreign investment in cultural and entertainment businesses, including online games, audio and video content production and performance. Under the plan, foreign investors will be allowed to provide online entertainment content and set up wholly owned entertainment venues and performance agencies for nationwide operations.
The plan will also allow foreign investors to invest in audio-visual production in certain industrial zones and parks in Beijing in partnership with domestic investors.
But the content they provide will subject to the same requirements and standards for regulatory approval as domestic companies, according to the plan. The company said the reduction was mainly due to shrinking incentives offered to users. But the rules seem to be a boon for app developers, who are rolling out a number of apps to help citizens sort their waste — and honing their machine-learning algorithms in the process. Six such programs had over 1 million monthly active users in July, and another dozen similar programs reported more than , monthly active users.
Online trash-sorting programs have proliferated since several Chinese cities rolled out the new guidelines, providing everything from garbage-sorting suggestions, trash-collection services, and clothes-recycling services, among others. More and more cities in China are clamping down on mounting domestic waste and low recycling rates. In July, Shanghai — a pilot city for the new garbage-sorting rules — demanded that residents start sorting household waste into four categories or face fines. Read the full story on Caixin Global today. Zhang also said the MIIT will help promote industrial internet innovations, 5G applications, and the digital transformation of the manufacturing industry.
It will also cultivate more innovative internet companies to create a more open ecosystem in the industry, he said. Chinese electronics manufacturer Xiaomi has the received necessary licenses and permits to sell a second 5G smartphone model, the company announced Thursday on Weibo.
The unnamed model previously appeared Aug. The device will support 5G non-standalone bands 41, 78, and 79, according to the listing. While the listing does not provide full specifications, it is widely suspected that the device will be a 5G variant of the Xiaomi Mi 9. The dangers of coal mining have long been a concern in China, with accidents and fatalities commonplace, largely due to poor infrastructure and low risk awareness.
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