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Sijia Jiang

Feb 16 2017

Lenovo targets profitable mobile division by year-end after third-quarter earnings drop

HONG KONG The mobile division of China's Lenovo Group Ltd is "on track" to return to profit by December at the earliest helped by strong growth in overseas markets, its chairman said on Thursday after the firm posted a 67 percent drop in quarterly earnings.

Feb 15 2017

Lenovo Q3 net profit falls 67 pct, misses estimates

HONG KONG, Feb 16 Lenovo Group Ltd, the world's largest personal computer (PC) maker, on Thursday posted a 67 percent slide in third-quarter net profit, lagging analyst estimates, as supply constraints and a weak macroeconomic environment weighed.

Feb 14 2017

ZTE warns of impact of U.S. sanction settlement penalties

HONG KONG Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking U.S. sanctions against Iran could impact its results.

Feb 09 2017

Alibaba's Ant Financial to raise as much as $3 billion in debt: source

HONG KONG China's most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in debt to fund acquisitions and foreign investments, a person with direct knowledge of the matter told Reuters.

Feb 08 2017

Fire at Samsung SDI China plant caused by faulty batteries

HONG KONG/SEOUL A minor fire that broke out at a Samsung SDI Co Ltd factory in China on Wednesday was caused by waste products including faulty batteries, the Korean company and local emergency services said.

Feb 08 2017

Fire at Samsung SDI China plant caused by faulty batteries

HONG KONG/SEOUL Feb 8 A minor fire that broke out at a Samsung SDI Co Ltd factory in China on Wednesday was caused by waste products including faulty batteries, the Korean company and local emergency services said.

Jan 23 2017

China cracks down on unauthorized internet connections

HONG KONG China is reinforcing its censorship of the internet with a campaign to crack down on unauthorized connections, including virtual private network (VPN) services, that allow users to bypass restrictions known as the Great Firewall.

Jan 19 2017

Six Coolpad workers detained in patent dispute with former employer Huawei

HONG KONG Chinese smartphone maker Coolpad, part of the LeEco technology conglomerate, said six employees had been detained by authorities, accused of infringing the intellectual property rights of their former employer Huawei Technologies [HWT.UL].

Jan 16 2017

China sovereign wealth fund CIC plans more U.S. investments: chairman

HONG KONG China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday.

Jan 12 2017

China's Xiaomi targets 2017 sales of $14.5 billion after 2016 overhaul

HONG KONG China's Xiaomi targets 2017 sales of over 100 billion yuan ($14.47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm fall down the smartphone vendor rankings while it overhauled its business.

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