Gerry's Feed
May 19, 2015

China issues plan for gleaming high-tech future

BEIJING, May 19 (Reuters) – China has unveiled a vision for
the next stage of its economic ascent, moving from plain
manufacturing to a world of prosperity from space, e-commerce,
green energy and bioengineering, among others.

Faced by economic growth at its lowest level in decades and
rising wages and resource costs that are eroding its appeal as a
low-cost factory for the world, China’s cabinet on Tuesday
published its sweeping “Made in China 2025″ strategy.

May 19, 2015

China’s Unigroup says wins bid to buy 51 pct stake in HP unit

BEIJING, May 19 (Reuters) – Hewlett-Packard Co has
agreed to sell a controlling 51 percent stake in its China-based
data-networking business, estimated to be worth more than $2
billion, to Tsinghua Unigroup, a spokesperson for the Chinese
private equity fund’s parent company said on Tuesday.

Li Zhongxiang, a spokesman for state-backed Tsinghua
Holdings, which controls Tsinghua Unigroup, did not disclose the
value of the deal but said he expected it to be clinched soon. A
person familiar with the matter said an announcement could be
made as soon as Thursday.

May 5, 2015

Tea to tech: China’s cybersecurity push sparks a ‘gold rush’

BEIJING, May 6 (Reuters) – Zhang Long made his fortune
selling Pu’er fermented tea and handcrafted furniture from the
mountains of his native Yunnan Province in southwest China.

Last November, the 49-year old entrepreneur, who has no
technology background, strode into a Beijing ballroom to pitch
his latest made-in-China product: SPGnux, a Linux-based
operating system he says could replace Microsoft Corp’s
Windows.

Apr 29, 2015

China rivals vie for state backing to buy HP unit

BEIJING, April 30 (Reuters) – The bidding for a controlling
stake in Hewlett-Packard Co’s data-networking business
in China, worth more than $2 billion, has thrown up a rare
tussle between two Chinese state-backed firms who are wrangling
over which has Beijing’s backing.

The spat involving China Huaxin Post and Telecommunication
Economy Development Center and Tsinghua Unigroup could prolong
the sale negotiations, and highlights the complexity of
cross-border investment policies that China has sought to
streamline.

Apr 28, 2015

Tencent takes on Alibaba, Xiaomi with open smart hardware operating system

BEIJING (Reuters) – China’s Tencent Holdings Ltd launched on Tuesday an operating system for internet-connected devices such as TVs and watches that is open to all developers, taking on domestic rivals Alibaba Group Holding Ltd and Xiaomi Inc in the smart hardware space.

Tencent Operating System (OS) and TOS+ allow manufacturers and developers to freely use the platform if they agree to share revenue. This model mirrors Google Inc’s Android mobile OS, and could help Tencent replicate the U.S. firm’s conquest of the majority of the world’s smartphones.

Apr 23, 2015

ZTE accuses Huawei of copying camera tech as China patent battles heat up

HONG KONG, April 23 (Reuters) – Chinese telecom gear
manufacturer ZTE Corp has published a letter
accusing Huawei Technologies Co Ltd of copying its
camera technology and threatened legal action, a sign that
smartphone patent battles have begun in earnest in China.

ZTE’s lawyers at Guangdong Guanghe Law Firm said in a letter
dated April 21 that Huawei’s recently released Honor X2 and
high-end P8 smartphones violated ZTE’s camera-focusing patents.

Apr 22, 2015

Huawei CEO says Chinese cybersecurity rules could backfire

SHENZHEN, China (Reuters) – China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei’s rotating chief executive Eric Xu told Reuters on Tuesday.

Xu’s remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing’s information security policy, already a source of concern for countries who fear it will limit opportunities for their technology firms.

Apr 21, 2015

Exclusive: Huawei CEO says Chinese cybersecurity rules could backfire

SHENZHEN, China (Reuters) – China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei’s rotating chief executive Eric Xu told Reuters on Tuesday.

Xu’s remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing’s information security policy, already a source of concern for countries who fear it will limit opportunities for their technology firms.

Apr 17, 2015

China suspends bank-technology rules that sparked backlash

BEIJING, April 17 (Reuters) – China’s bank regulator
temporarily suspended this week new financial industry
cybersecurity rules after feedback from banks, showing the
practical challenges of the nation’s long-term effort to cut
dependence on entrenched foreign technology.

In a notice issued on Monday and reviewed by Reuters,
Chinese regulators said the decision on the rules, which would
have effectively replaced foreign tech products with domestic
alternatives, came after “financial institutions in the banking
industry and related parties put forward opinions for
improvements and proposed changes”.

Apr 15, 2015

Xiaomi-backed Chinese firm acquires iconic scooter maker Segway

BEIJING (Reuters) – Chinese transportation robotics firm Ninebot said on Wednesday it has acquired U.S. rival Segway Inc, the company behind the self-balancing scooter that became a technological marvel when it was launched in the early 2000s but whose hype then faded.

Financial details of the deal were not disclosed, but Ninebot Chief Executive Gao Lufeng said at a press briefing in Beijing that Chinese smartphone maker Xiaomi Inc and venture capital firm Sequoia Capital China, among others, had invested $80 million into Ninebot to help finance the acquisition.