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#China ‘Taobao villages’ create more than 840,000 job opportunities

#China ‘Taobao villages’ create more than 840,000 job opportunities

| April 20, 2017 | 0 Comments

Thanks to the rapid development of China’s e-commerce industry, over 1,000 “Taobao villages” across the country are turning poor communities into huge online retail hubs, creating more than 840,000 job opportunities, writes Du Yifei. These villages are so-named because at least 10% of the population living in these rural communities makes its living by selling […]

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Chinese #smartphone company climbs technology ladder with self-developed chip

Chinese #smartphone company climbs technology ladder with self-developed chip

| April 20, 2017 | 0 Comments

Xiaomi, one of China’s leading smartphone manufacturers, released its first independently developed smartphone chip on Tuesday (18 April), making it the fourth cellphone company in the world that can independently develop processor after Apple, Samsung and Huawei, writes Liu Ningning. Pengpai S1, the fingernail-sized chip, cost Xiaomi over 1 billion yuan ($145 million) in research […]

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China’s #BikeSharing industry braces for explosive growth

China’s #BikeSharing industry braces for explosive growth

| April 19, 2017 | 0 Comments

China’s bike-sharing industry has embraced an explosive growth since last year. Data showed that by the end of last year, millions of bikes offered by over 20 bike-sharing companies have expanded their service to nearly 19 million users, writes Qiang Wei. The bike-sharing service enables users to find, unlock and pay to rent the bicycles through […]

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The 11th Digital Regulation Forum tackles Europe’s lagging #internet speeds

The 11th Digital Regulation Forum tackles Europe’s lagging #internet speeds

€600bn is the price tag of the ambitious political broadband objectives put forward by the European Commission in its 2016 gigabit communication. Public funding available can likely not cover more than 10% of this amount. How to incentivize private investors to match the difference? This was the underlying question throughout the 11th two-day Digital Regulation […]

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#China declares determination to eliminate ‘zombie companies’

#China declares determination to eliminate ‘zombie companies’

| April 10, 2017 | 0 Comments

Chinese President Xi Jinping reiterated on Tuesday (4 April) the central government’s determination to weed out “zombie companies” that have been holding back economic reforms, in a bid to move forward its plan to reduce excess industrial capacity, writes Huan Xiang. Xi made the comment at a meeting of the Central Leading Group on Finance […]

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Commission clears 21st Century Fox’s proposed acquisition of Sky, but there are still hurdles ahead

Commission clears 21st Century Fox’s proposed acquisition of Sky, but there are still hurdles ahead

The European Commission has given its unconditional approval to the proposed acquisition of Sky by Twenty-First Century Fox. The Commission concluded the transaction would raise no competition concerns in Europe. However, this may not be the end of the saga. Australian mogul Rupert Murdoch is already the owner of the deeply eurosceptic Sun and Times […]

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Insurer Lloyd’s of London confirms new #Brussels subsidiary

Insurer Lloyd’s of London confirms new #Brussels subsidiary

| March 31, 2017 | 0 Comments

Lloyd’s of London says it will establish a new European subsidiary in Brussels to avoid losing business when the UK leaves the EU. The 329-year-old insurance market confirmed the plan as it released its latest annual results. “A subsidiary office will be opened in Brussels with the intention that it will be operational for the […]

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