• Voice of AmericaChina to Speed Up Bullet Trains in September

    China plans to raise the speed of its bullet trains back up to 350 kph (217 mph), state media reported on Thursday, six years after a deadly high-speed rail crash prompted authorities to slow trains across the country. Trains on China’s high-speed rail network are designed to travel up to 350 kph, but Beijing ordered speeds to be cut to Read more...

  • BBC NewsStarbucks makes biggest-ever acquisition in China

    Starbucks is buying out its joint venture partners in China for $1.3bn (£994m), marking the coffee chain’s biggest-ever acquisition.The all-cash deal will see Starbucks buy the remaining 50% stake it does not already own, in the firm’s fastest-growing market outside of the US.It will then gain full control over 1,300 stores in the Chinese provinces of Shanghai, Jiangsu and Zhejiang.The Read more...

  • ABCChina's Huawei posts slower first-half revenue growth

    China’s Huawei Technology said Thursday first-half revenues at its telecoms equipment and smartphone businesses expanded at a slower pace than the year before. The company, which is one of the world’s biggest telecoms gear makers, reported that sales grew 15 percent to 283.1 billion yuan ($42 billion) in the first six months of the year. That’s down from 40 percent Read more...

  • The Seattle TimesChina’s Huawei posts slower first-half revenue growth

    HONG KONG (AP) — China’s Huawei Technology said Thursday first-half revenues at its telecoms equipment and smartphone businesses expanded at a slower pace than the year before. The company, which is one of the world’s biggest telecoms gear makers, reported that sales grew 15 percent to 283.1 billion yuan ($42 billion) in the first six months of the year. That’s Read more...

  • TechCrunchWeWork launches dedicated China business backed by $500M from investors

    WeWork is making a big move to win the co-working market in China after it announced the creation of a standalone WeWork China business, backed by $500 million from existing backers SoftBank, Hony Capital and other undisclosed investors. This fresh influx of capital is not tied to a recent $760 million financing round that closed earlier this month, at a reported Read more...

  • Phys.orgChinese writers navigate censors to earn cash via apps

    China’s widely-used applications have given writers like Qiao an outlet to self-publish and make money—as long as their words respect the boundaries set by online censors inside the country’s “Great Firewall”. With Facebook and Twitter blocked in China, they post their works on WeChat, a messaging service with over 900 million worldwide users,… Read the story on Phys.org.

  • UPIChina military setting up technology research agency

    July 26 (UPI) — China has reportedly established a new military department to develop new technology and state-of-the-art weapon systems. The Scientific Research Steering Committee was set up early this year and revealed for the first time in a documentary that aired recently on state broadcaster CCTV, the South China Morning Post reported . The committee will fall directly under Read more...

  • QuartzThe real fight for Chinese mobile payments isn’t taking place in China

    On Thursday (July 27), California-based payment giant PayPal announced that it’s partnering with Chinese search giant Baidu—the latest sign of how the fight has heated up for a piece of the mobile spending of the more than 130 million Chinese travelers who head overseas each year. The move will eventually allow Chinese shoppers to use their Baidu digital wallets to Read more...

  • MashablePayPal ties up with one of China's biggest tech firms, to court China's ravenous shoppers

    As Chinese consumers continue to spend more money online, one of China’s biggest tech companies wants to profit from their spending on overseas websites. Baidu, which runs China’s biggest search engine, has partnered with PayPal, to allow its users to shop on overseas sites with funds from their Baidu Wallet. With the tie-up, this opens Baidu users to some 17 Read more...

  • ReutersWeWork launches China unit with $500 million funding from Hony, SoftBank

    HONG KONG (Reuters) – Co-working space startup WeWork has set up a Chinese unit, with the help of a $500 million investment from China’s Hony Capital and Japan’s SoftBank Group Corp, to tap into a booming demand for shared office space in the world’s No.2 economy. Read the story on Reuters.