Posts filtered by tags: Shenzhen[x]


How China’s Realme sold 50 million phones in just over 2 years

Starting a new phone brand in 2018 might seem too late in an already crowded market, but Sky Li was convinced that consumers between 18-25 years old were largely under-served — they needed something that was both affordable and cool. A few months after Li founded Realme in May that year, the smartphone company organized a product launch at a college campus in India, the world’s second-largest smartphone market. It brought its own production crew, built a makeshift stage and invited local rappers...
Tags: Travel, Gadgets, Asia, Hardware, China, India, Smartphone, Xiaomi, Huawei, Qualcomm, Oneplus, Shenzhen, Vivo, Diwali, Oppo, Naoto Fukasawa

Huawei sells off Honor under ‘tremendous pressure’ from US sanctions

The strict sanctions the US imposed on Huawei have finally taken a victim: Honor. In an announcement, Huawei revealed it has finalized the sale off its Honor mobile sub-brand to Shenzhen Zhixin New Information Technology, a consortium of 30 agents and dealers led by the government of Shenzhen. “Huawei‘s consumer business has been under tremendous pressure as of late. This has been due to a persistent unavailability of technical elements needed for our mobile phone business,” the company said. “H...
Tags: Startups, US, Huawei, Shenzhen, Plugged, Shenzhen Zhixin New Information Technology

Huawei is selling off its budget smartphone brand Honor after getting hammered by US sanctions

A woman shows a Huawei Honor smartphone on November 10, 2020 in Hangzhou, Zhejiang Province of China. Long Wei/VCG via Getty Images Huawei is selling its budget smartphone brand Honor following US sanctions squeezing its business. Honor is being sold to a consortium of more than 30 organizations, and Huawei will hold no shares in it following the sale. One analyst told Reuters that Huawei had left itself room to pursue a potential buyback in future. Visit Business Insider's homepage for mo...
Tags: South Korea, Europe, US, Samsung, Trends, Huawei, Idc, Shenzhen, Honor, Huawei Honor, Reuters, Kirin, VCG, China Southeast Asia, Tech Insider, US Sanctions

Huawei sells budget phone unit Honor to government, distribution partners

After weeks of rumors, Huawei confirmed it is selling its budget phone unit Honor to a consortium of companies, including government-backed firms and Honor’s distribution partners, according to a joint statement released Tuesday morning in a local Shenzhen paper. “This acquisition represents a market-driven investment made to save Honor’s supply chain. It is the best solution to protect the interests of Honor’s consumers, channel sellers, suppliers, partners, and employees,” said the statement s...
Tags: TC, Tech, Huawei, Shenzhen, Reuters

Huawei sells budget phone unit Honor to state-backed firms, distribution partners

After weeks of rumors, Huawei confirmed it is selling Honor to a consortium of companies, including government-backed firms, Honor’s distribution partners and suppliers, in a move to save its budget phone brand from U.S. pressure. The decision was announced in a joint statement released Tuesday morning in a local Shenzhen paper. Once the transaction is complete, Huawei won’t hold any shares in Honor or be involved in the phone brand’s management and decision-making, though Honor’s company direct...
Tags: TC, Tech, Xiaomi, Huawei, Shenzhen, Reuters, Shenzhen Smart City Technology Development Group, China Postal and Telecommunications Appliances, Sundan

Zilliz raises $43 million as investors rush to China’s open source software

For years, founders and investors in China had little interest in open source software because it did not seem like the most viable business model. Zilliz‘s latest financing round shows that attitude is changing. The three-year-old Chinese startup, which builds open source software for processing unstructured data, recently closed a Series B round of $43 million. The investment, which catapults Zilliz’s to-date raise to over $53 million, is a sizable amount for any open source business around th...
Tags: Open Source, Asia, Developer, China, Tech, Open Source Software, SaaS, Shanghai, Silicon Valley, Linux, Mongodb, Oracle, Data Management, Linux Foundation, Shenzhen, Milvus

Shenzhen becomes 1st Chinese city to make paid leave mandatory to reduce burnout

The southern Chinese technology hub of Shenzhen, notorious for its long work hours, will become China's first city to require that...
Tags: China, Shenzhen

China to ship 3 billion parcels during post-COVID Singles’ Day

China’s e-commerce behemoths Alibaba and again claimed to have set records during the world’s largest shopping event, Singles’ Day. The figures can often be gamed to paint a rosy picture of perpetual growth, journalists and analysts have long observed, so they are limited metrics for measuring the firms’ performance or Chinese consumers’ purchasing power in times of COVID-19. Nonetheless, the heavy workload for express couriers is indisputably real and visible. Starting the second week of...
Tags: Ecommerce, Asia, China, Tech, Alibaba, Singles' Day, Shenzhen, Cainiao, JD, State Post Bureau

Not fade Huawei: Hard pressed Chinese tech biz to flog Honor mobile unit for $15bn

Offloaded to local Shenzhen government and Digital China Huawei reportedly intends to sell the Honor mobile unit to a consortium consisting of long-time supplier Digital China and the Shenzhen government, in a deal valued at 100 billion yuan (roughly £11.4bn/ $15.2bn).…
Tags: Software, Huawei, Shenzhen, Digital China, Digital China Huawei

Huawei reportedly set to sell Honor budget phone division for $15B

Following weeks of rumors surrounding a potential sale, Huawei has reportedly struck a deal to divest itself of its Honor brand. A new report out today from Reuters notes that the embattled hardware maker will sell the budget unit to a consortium of buyers that includes the government of the city of Shenzhen and Digital China, a phone distributor. The report, which cites “people familiar with the matter,” puts the price tag for the Honor unit at $15.2 billion. Honor’s new owners will reportedly ...
Tags: Google, Mobile, Hardware, China, Tech, Joe Biden, Huawei, Shenzhen, Reuters, China Europe, Digital China

Exclusive: Huawei to sell $15 billion Honor unit to Shenzhen government, Digital China, others - sources

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset...
Tags: Huawei, Shenzhen, Digital China

Despite global headwinds, Chinese hardware startups remain to take on the world

Bill Zhang lowered himself into lunges on a squishy mat as he explained to me the benefits of the full-body training suit he was wearing. We were in his small, modest office in Xili, a university area in Shenzhen that’s also home to many hardware makers. The connected muscle stimulator attached to the suit, called Balanx, is designed to bring so-called electronic muscle stimulation, which is said to help improve metabolism and burn fat. “We are not really aiming at Chinese consumers at this p...
Tags: Google, Gadgets, Facebook, Asia, Hong Kong, Europe, Hardware, Government, China, India, Tech, Beijing, Xiaomi, Indiegogo, Manufacturing, Nevada

A Chinese stock whose name sounds like 'Trump wins big' to Mandarin speakers surged nearly 10% on US election day

Chip Somodevilla/Getty Images A Shenzhen-listed stock that sounds like "Trump wins big" to Mandarin speakers jumped nearly 10% on election day.Wisesoft, based in China's Sichuan province, is called "Chuan Da Zhi Sheng" in China. When pronounced, it sounds sort of like "Trump wins big." The company, which mainly deals with air traffic management systems, has no business dealings with Trump.Wisesoft's stock soared as much as 6.4% in 2016 when the Republican unexpectedly won the election. Her...
Tags: Supreme Court, China, US, Trends, Shanghai, Donald Trump, Shenzhen, Sichuan, Chengdu, Trump, Sichuan Province, Jeff Gundlach, China US, David Rosenberg, Shalini Nagarajan, Chuan Da Zhi Sheng

China’s Real Invasion of Taiwan Has Already Started

HONG KONG—When Chinese Communist Party (CCP) leader Xi Jinping visited a military base in Southeast China this month, he told members of the party’s Marine Corps to “focus your minds and energy on preparing to go to war.” His speech came shortly after the Trump administration said it would move forward with a $7 billion arms sale to Taiwan, which China has threatened to retaliate against if it goes through.Xi has long wanted to absorb Taiwan under the Communist Party’s rule—he’s openly stated hi...
Tags: Facebook, Hong Kong, Europe, Japan, News, Instagram, Washington, France, China, Germany, Taiwan, Beijing, United States, Xi Jinping, Marine Corps, North America

Esports pioneer Dino Ying talks to TechCrunch about the next phase of VSPN

Following that China’s esport giant VSPN (Versus Programming Network) has raised close to $100 million in a Series B funding round, led by Tencent Holdings, TechCrunch interviewed founder and CEO Dino Ying via email about his strategy for the company. Founded in 2016 and headquartered in Shanghai, VSPN was one of the early pioneer in esports tournament organization and content creation out of Asia. It has since expanded into other businesses including offline venue operation. VSPN began hostin...
Tags: TC, Asia, China, Tech, Beijing, Shanghai, Tencent, Silicon Valley, Stamford Bridge, Esports, Shenzhen, Tencent Holdings, KPL, Ying, Kuaishou, PUBG Mobile

The Bahamas issues world’s first Central Bank Digital Currency

The Bahamas has launched the world’s first Central Bank-backed Digital Currency (CBDC) called “Sand Dollar” for its nearly 393,000 residents, Project Sand Dollar announced on October 20. After the People’s Bank of China (PBC) announced that it would be launching a “Digital Yuan” in August last year, several central banks across the world that had been mulling the idea for several years announced that they had begun developing their own CBDCs, or they were now actively examining issuing their own...
Tags: Travel, Facebook, South Korea, News, Sweden, Finance, China, India, US, European Central Bank, Brazil, Cambodia, Cryptocurrencies, Bank Of International Settlements, Bis, Bahamas

China: Chinese City Issues Digital Currency In Pilot Program - Cadwalader, Wickersham & Taft LLP

Shenzhen, an economically emerging city in southern China, issued 10 million digital yuan (or approximately $1.47 million) in a pilot program aimed at promoting the new form of currency.
Tags: News, China, Shenzhen, Taft LLP

Hong Kong protester 'Grandma Wong' reappears after 14 months stuck in China

A Hong Kong protester nicknamed “Grandma Wong” who disappeared more than a year ago has resurfaced in the city, saying Chinese authorities had detained her on the mainland and prevented her return. Alexandra Wong, 64, had been a familiar face at anti-government protests that erupted last year, and was often seen waving a large British flag. The Hongkonger lived in Shenzhen, a city in mainland China, but travelled frequently across the border to protest until her disappearance in August last year...
Tags: Hong Kong, News, China, Shenzhen, Wong, Alexandra Wong

Top 3 Cities To Be Based In As A Tech Entrepreneur

Being a tech entrepreneur can be a difficult task. There are millions of people developing software around the world all looking towards making a name for themself in the game. In this article we have looked at cities that are notoriously known for house more tech entrepreneurs per capita than other cities around the globe. Together with Escapeaway , we have found three cities to be based in when being a tech entrepreneur. It is cities with a lot of options and frameworks that makes it e...
Tags: Apple, Startups, New York, Entrepreneurship, China, New York City, San Francisco, City, Palo Alto, Silicon Valley, Shenzhen, Startup Ecosystem, Others, Shenzhen China China, New York City New York United States New York City, Trello IBM

People with Type O blood may be less likely to get the coronavirus or develop severe complications, new studies suggest

A health worker draws blood for coronavirus antibody testing in Dearborn, Michigan, June 12, 2020. Paul Sancya/AP A growing body of research suggests a link between blood type and coronavirus risk. New studies have found that people with Type O blood have a lower risk of getting the coronavirus and are less likely to get severely sick if they do get infected. Some research has also found that COVID-19 patients with Type O or B blood spent less time in the ICU and were less likely to need a...
Tags: Health, Hong Kong, Science, News, New York City, Trends, Spain, Cnn, Paris, Italy, Netherlands, Wuhan, Shenzhen, Reuters, Bangkok Thailand, Vancouver Canada

What the reaction to China's leader coughing during a speech says about East Asia right now

During a speech in Shenzhen on Wednesday to promote the continued development of China's first special economic zone, Chinese President Xi Jinping coughed -- a lot.
Tags: Asia, News, China, Xi Jinping, Shenzhen, East Asia

What the reaction to Chinese President Xi Jinping coughing during a speech says about East Asia right now

During a speech in Shenzhen on Wednesday to promote the continued development of China's first special economic zone, Chinese President Xi Jinping coughed -- a lot.
Tags: China, Cnn, Xi Jinping, Shenzhen, East Asia

What the reaction to Chinese President Xi Jingping coughing during a speech says about East Asia right now

During a speech in Shenzhen on Wednesday to promote the continued development of China's first special economic zone, Chinese President Xi Jinping coughed -- a lot.
Tags: China, Cnn, Xi Jinping, Shenzhen, East Asia, Xi Jingping

Analysis: What the reaction to Xi Jingping coughing says about East Asia right now

During a speech in Shenzhen on Wednesday to promote the continued development of China's first special economic zone, Chinese President Xi Jinping coughed -- a lot.
Tags: News, China, Xi Jinping, Stories, Shenzhen, East Asia

Hilton Maintains Robust Development and Reinforces Its Presence in South China

Hilton recently completed the relocation of its Greater China South headquarters to Shenzhen, celebrating the move with a ceremony rich in traditional local elements. The relocation means that Hilton will maintain robust development in the post-pandemic era, reinforce its strategic presence in South China, and drive further expansion in the region, as it steadily advances towards its goal of 1,000 operating hotels in China by 2025.
Tags: Travel, China, Hilton, Shenzhen, South China, Hilton Maintains Robust Development, Greater China South

Hong Kong takes back seat as China's Xi promotes neighbor as future 'model city'

"The Shenzhen model is political zero tolerance and business on China's terms," said Kent Deng, professor of Chinese economic history.
Tags: Hong Kong, News, China, Shenzhen, Kent Deng

Pompeo defends 12 Hong Kongers detained by China

U.S. Secretary of State Mike Pompeo defended the 12 Hong Kong residents who were detained by China while allegedly trying to flee to Taiwan by boat in August, saying that they had “committed no crime.” “They simply believe that they are worthy of freedom and the unalienable rights due to every person,” Pompeo said in virtual remarks delivered at the John S. McCain Freedom Award Ceremony on Wednesday. The 12, some of whom are linked to anti-government protests and were facing charges in Hong Ko...
Tags: Hong Kong, News, China, Taiwan, Shenzhen, State, Pompeo, Mike Pompeo, John S McCain

Asia-Pacific stocks slip as investors await speech from China's Xi

Chinese President Xi Jinping is set to deliver a speech in Shenzhen on Wednesday, according to state media. That comes as the Shenzhen...
Tags: China, Asia Pacific, Xi Jinping, Shenzhen

Xi Jinping tells Chinese marines to focus on 'preparing to go to war' during military base visit

China's President Xi Jinping attends a welcoming ceremony for Madagascar's President Hery Rajaonarimampianina (not pictured) outside the Great Hall of the People in Beijing, China March 27, 2017. REUTERS/Jason Lee China's president told marines they have an "important responsibility" to safeguard the country's territory, sovereignty, and maritime interests. Xi also went to Shantou, where he praised Chinese people living overseas for their contributions to the nation's reforms. Visi...
Tags: Hong Kong, Congress, China, Russia, US, Trends, Taiwan, Beijing, United States, Xi Jinping, Tencent, Getty, Madagascar, Macau, Shenzhen, Guangdong

Robert Lighthizer Blew Up 60 Years of Trade Policy. Nobody Knows What Happens Next.

This story first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. On a spring day in 2017, Robert Lighthizer walked through the doors of the office of the United States Trade Representative to introduce himself to the career staff who had shepherded American trade policy for a generation. After a chaotic few months awaiting Lighthizer’s confirmation, officials were eager f...
Tags: Apple, Facebook, Europe, Tpp, News, Obama, Congress, Washington, Mexico, Oregon, Senate, White House, China, India, US, America