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Tag Archives: china

ZTE accepts Trump’s $1.3bn fine to resume business

President Trump has pulled telecommunications company ZTE out of the very same fire he put it in, as the United States reaches a deal with China. Friday’s deal echoes what we had heard previously from inside sources, with ZTE paying a significant fine and changing up its management in order …

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US ban results in ZTE suspending all major operations

Chinese manufacturer ZTE suffered a crippling blow from the US last month when a seven-year export ban was imposed on the firm. The company’s protests that this would impact its survival seem to be coming to a head, as ZTE has now suspended all operations amidst conversations with the US …

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Baidu opens augmented reality development lab


Chinese search giant Baidu has announced the opening of a brand new branch of the company which will focus entirely on augmented reality. The new research facility is part of a $200 million investment by the firm which it hopes will drive future profits, partly through the creation of new, augmented …

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Riot Games owner Tencent could be buying the UFC

Riot Games owner Tencent may be looking to make one more acquisition after its monstrous buyout of Clash of Clans maker Supercell, as rumours circulating around the Ultimate Fighting Championship (UFC) have it that Tencent may be one of the interested parties. The suggestion is that a collection of firms, …

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Facebook trumps Apple by winning China court case

Apple ran into some difficulty with the courts in China recently, when it was ruled that its iPhone brand wasn’t “widely known,” enough for it to hold copyright on it. In comparison though, Facebook has fared far better, achieving ownership of its own name against a local Chinese firm, which …

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Apple’s iBooks and iTunes Movies stores shut down in China

Apple has found itself unable to sell both ebooks and films over in China, after a government regulator took issue with the iBooks and iTunes movie stores. Right now, it is being reported that China’s State Administration of Press, Publication, Radio, Film and Television is behind the block on two …

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Tencent founder makes $2 billion charity stock pledge

The CEO and co-founder of Tencent, parent company of game developers like Riot, has announced that he will donate 100 million of the company’s shares to charity. The move is being hailed as one of the biggest philanthropic gestures in China’s history and is estimated to be worth around $2 billion (£1.39 billion). …

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