The price of bitcoins may be soaring, but China isn’t too thrilled with the virtual currency. On Thursday, it moved to regulate use of bitcoins, stating that its financial institutions could not deal in the virtual currency.
News, Software
Alibaba injects major funding into world’s most valuable AI firm
China’s SenseTime Group has reportedly raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup. 0 2256
Chinese Apple supplier faces criticism after employee suicides
A manufacturer of glass coverings for Apple is drawing accusations of worker exploitation from Hong Kong labour groups concerned with several employee suicides at its factory in China.
China to ramp up stringent internet regulations
China is moving to further tighten its grip over social networking services, citing possible threats to national stability.
Dell faces scrutiny for alleged labour violations at factories in China
Workers at four Dell suppliers in China are allegedly enduring long overtime hours and facing exposure to toxic fumes, according to new reports from watchdog groups.
Samsung in hot water over malfunctioning smartphones
Samsung made a lot of headlines this week, though probably not for the reasons it would like.
Logicom pushes into mobility segment with ZTE partnership
Hoping to make a big push into the mobility segment, Logicom Dubai recently signed a distribution agreement with ZTE Corporation, one of China’s largest smartphone and tablet vendors.
The Chinese invasion
The Middle East is renowned for producing impressive results in relatively short time frames, but TP-Link believes that longevity and a commitment to an innovative roadmap are in demand in the region. Is TP the missing link for the Middle East?
If governments ban China-based Lenovo, should companies?
If US intelligence agencies ban the computers of a Chinese company from classified networks should companies also avoid the same products? What if the vendor is one of the world’s largest PC makers?
Huawei records double-digit revenue growth in first half of 2013
Huawei has announced its unaudited financial and operational results for the first half of 2013 with the company generating revenues of $18.54 billion—an increase of 10.8 percent over the same period in 2012. Based on this robust growth and other positive business indicators, Huawei expects to generate a net profit of 7-8 percent in 2013.
KPMG: China and the US to drive tech breakthroughs in next 4 years
China and the US are the top two countries with the greatest potential to drive technology breakthroughs and likely to have a global impact in the next four years, said KPMG that released results of a survey recently.