Industry News

Alibaba, Tencent eye stake in China Telecom


China United Network Communications Group Co, China's second-largest mobile carrier by subscribers, has set up two operating centers to deepen cooperation with Alibaba Group Holding Ltd and Tencent Holdings Ltd.

Jack Ma opens his wallet to Europe, but not to Europeans


Jack Ma will set a bag aside for you at your favorite Paris store or hail you a ride in Rome.

LeEco to invest $3b in auto park


Huge facility part of internet major's broad plans to go into mass-produced electric vehicles

WeChat Pay launches No Cash Day, heats up payment war in China


Chinese third-party payment platform WeChat Pay's mobile payment campaign reached its climax today, dubbed "No Cash Day" by the platform since last year.

Samsung uses Rio Olympics to break VR content conundrum


Samsung Electronics Co is betting the best place to watch is from your couch, with its virtual reality headset to transport you to Brazil.