20190907 China News
Source: | Author:eacham | Published time: 2019-09-07 | 692 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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China Eastern Air Holding Co and its same-city peer Juneyao Group have announced to upgrade their partnership through stake purchases and in-depth collaboration, according to a strategic agreement signed Friday.

Alibaba Group Holding Ltd said on Friday it has acquired NetEase Kaola, the cross-border e-commerce platform of NetEase Inc, for $2 billion, as the e-commerce giant seeks to bolster its efforts to cater to local demand for quality products from abroad.

Fifth-generation wireless technology is to play a bigger role in boosting the global digital economy, said Sihan Bo Chen, GSMA China head, at the China Development Forum Special Session in Beijing on Friday.

China's central bank announced Friday to cut the reserve requirement ratio for financial institutions by 50 basis points from Sept 16 in the latest effort to bolster the economy.

A tank truck carrying raw milk from Russia passed quarantine inspections in a port in Northeast China's Heilongjiang province earlier this week, marking the first time China has imported Russian raw milk.

Compared with the huge popularity of Costco Wholesale Corp shortly after it opened its first brick-and-mortar store on the Chinese mainland last Tuesday, the US retail giant has currently gotten the cold shoulder from some shoppers, as CCTV reported Wednesday.

The move comes as the Chinese tech company continues to showcase its technological capabilities, despite the challenges it faces. The Kirin 990 5G is manufactured with seven nanometer processes and can support real-time on-device inference.

Source：Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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