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April  04, 


China News

3 minutesKnow China


China will quicken the development of 5G network construction with more than 600,000 5G base stations expected to be built nationwide by the end of 2020, according to the Ministry of Industry and Information Technology (MIIT).


Tech giant Foxconn Industrial Internet (Fii) earned a net profit of 18.6 billion yuan ($2.62 billion) in 2019, up 10.1 percent year-on-year. Its revenue totalled 408.7 billion yuan last year, an annual decrease of 1.6 percent, the Shenzhen-based company said in its annual report filed to the Shanghai Stock Exchange.


Chinese tech giant Xiaomi announced Tuesday that its 2019 revenue totaled 205.8 billion yuan ($29 billion), which exceeded market estimates.The reading marked a 17.7-percent increase year-on-year as the firm bet big on artificial intelligence and the Internet of Things (IoT).


To match the rapid trend of resuming work in Shanghai, the United Office Platform of Global Chambers (GCP) issued a preferential policy to provide foreign companies who join in the GCP before the end of March with two months of free co-working office space and amenities. Welcome to contact EAcham for more details.


Chinese drugmaker Walvax Biotechnology Co Ltd announced on Tuesday that the first batch of its 13-valent pneumococcal conjugate vaccines, totaling 141,119 vials, had received a permit from the authorities for release after safety and quality tests.


JD Logistics, the logistics unit of Chinese e-commerce giant JD, said its overall delivery orders in Hubei province, the region hit hardest by the novel coronavirus outbreak, surged more than three times in March compared with February, surpassing the number of the same period last year.


Huawei Technologies Co said on Tuesday that its global sales revenue grew by 19 percent on a yearly basis to 858.8 billion yuan ($120 billion) in 2019, despite the US government's restrictions.

SourceGlobaltimes, Xinhuanet, Chinadaily, Shine, GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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