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.
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.
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.
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
BEIJING (Reuters) – China’s JD.com Inc, the biggest e-commerce rival to Alibaba Group Holding Ltd, posted a 73 percent rise in revenue for the three months through December, topping estimates as it expanded sales across more consumer goods categories.
Revenue for JD.com’s fourth quarter rose to $5.6 billion versus the $5.3 billion average estimate of 13 analysts surveyed by Thomson Reuters.
SAN FRANCISCO/BEIJING (Reuters) – Two years after U.S. legislators branded it a national security threat, China’s Huawei Technologies Co Ltd [HWT.UL] is planning a campaign to win over U.S. consumers, rolling out new mobile phones and wearable devices backed by a marketing effort.
China’s second-largest smartphone maker, already with more than $40 billion in annual revenue from a wide range of telecom gear and products, is preparing to introduce Americans to several of its smartphones and wearable devices this year, including its youth-oriented “Honor” phone, Huawei officials told Reuters.
BEIJING, Feb 27 (Reuters) – China has issued licences to
operate 4G wireless networks to China Telecom Corp Ltd
and China Unicom Hong Kong Ltd, two of the country’s
three state-owned carriers, the Ministry of Industry and
Information Technology said on Friday.
The development is likely to greatly boost revenue at the
two rivals of No.1 carrier China Mobile Ltd, and win
back Chinese smartphone users who demand cutting-edge Internet
speeds for surfing the Web and watching videos.
Feb 25 (Reuters) – China’s Lenovo Group Ltd
website was hacked, the company said on Wednesday, days after
the U.S. government advised Lenovo customers to remove a
pre-installed virus-like software, “Superfish”, on laptops that
makes the devices more vulnerable to attacks.
Hacking group Lizard Squad claimed to be behind the attacks,
according to its Twitter page.
BEIJING (Reuters) – China has set a target of reaching $1 trillion worth of trade in services by the year 2020, according to a newly released economic planning policy paper that emphasized a shift away from the export of goods.
The State Council, China’s cabinet, said in a document released on Saturday that it would provide total policy support to raise the export value of services relative to goods.
BEIJING (Reuters) – Jaycee Chan, son of movie star Jackie Chan, began the process of rehabilitating his image on Saturday as he appeared in public for the first time following a six-month jail sentence on drug charges and apologized for his actions.
Speaking softly and wearing a dark-colored suit and collarless shirt, the 32-year-old entertainer told reporters in Beijing he would dedicate his energy toward film and music projects and spend more time with his distraught mother.