Gerry's Feed
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.

Apr 2, 2015

IBM forges mobile app partnership with China Telecom

BEIJING (Reuters) – International Business Machines (IBM) (IBM.N: Quote, Profile, Research, Stock Buzz) has struck a deal with China Telecom Corp Ltd (0728.HK: Quote, Profile, Research, Stock Buzz) to offer and manage corporate-grade mobile apps, the latest in a string of tie-ups with Chinese firms.

Under the agreement, state-owned China Telecom will host on its servers IBM’s MobileFirst service, which helps corporations manage apps for Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone and iPad devices.

Mar 23, 2015

IBM to share technology with China in strategy shift: CEO

BEIJING (Reuters) – IBM Corp will share technology with Chinese firms and will actively help build China’s industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China’s shifting technology policies.

IBM must help China build its IT industry rather than viewing the country solely as a sales destination or manufacturing base, Rometty said at the China Development Forum, an annual Chinese government-sponsored conference bringing together business executives and China’s ruling elite.

Mar 19, 2015

China’s Huawei leads international patent filings: WIPO

BEIJING (Reuters) – Chinese telecom giant Huawei Technologies Co Ltd [HWT.UL] became the world’s No. 1 applicant for international patents in 2014, a United Nations agency said Thursday, underscoring the innovative strides made by Chinese technology companies.

Huawei was followed by San Diego-based chipmaker Qualcomm Inc while Huawei’s crosstown rival ZTE Corp, which was the world’s leading applicant in 2012, took third place in its number of filings, according to the World Intellectual Property Organization (WIPO).

Mar 18, 2015

China Telecom’s full-year profit misses, VAT hurts

BEIJING, March 18 (Reuters) – China Telecom Corp Ltd
reported a lower-than-expected profit of 17.68 billion
yuan ($2.83 billion) in 2014, roughly unchanged from a year
earlier, as the smallest of the country’s three carriers
struggled with the effects of a new value-added tax (VAT)
imposed this year.

China had imposed a flat 3 percent business tax on carriers
until a value-added tax, levied at between 6 percent and 11
percent for various services, was enforced from June 1.

Mar 10, 2015

Apple Watch not yet setting Chinese pulses racing

BEIJING (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) had China front and center at the San Francisco launch of its smart Apple Watch, trumpeting a new store in Hangzhou city and demo-ing hit Chinese messaging app WeChat.

Also, the new Apple Watch will go on sale in China on April 24, the same day as the United States – unlike the iPhone 6, which hit Chinese stores almost a month after the U.S.

Mar 10, 2015

Twitter opens Hong Kong office, gains China foothold

BEIJING (Reuters) – Twitter Inc has opened a Hong Kong office, its first in the Greater China region, the company whose microblogging services are blocked on the mainland said on Tuesday.

The office, to be headed by Twitter executive Peter Greenberger, will allow the San Francisco-based company to tap China for advertising revenue, the company said, even if Internet users on the mainland cannot see those ads.

Mar 4, 2015

China says tech firms have nothing to fear from anti-terror law

BEIJING, March 4 (Reuters) – China’s proposed anti-terrorism
law will not affect the legitimate interests of technology
firms, a top Chinese spokeswoman said Wednesday after U.S.
President Barack Obama warned of its impact and demanded

China’s proposals, which would require tech firms to provide
encryption keys and install backdoors granting law enforcement
access for counterterrorism investigations, drew criticism from
Obama, who told Reuters in an interview this week China would
have to change the draft law if it were “to do business with the
United States”.