Huawei receives world's 1st CE-TEC for 5G products -- Chinese information and communications technology solutions provider Huawei has obtained the world's first CE type examination certificate (TEC) for 5G products.The certification indicates that Huawei's 5G products have won official approval for commercial use in Europe. It also "represents a significant step towards realizing large-scale commercial 5G deployment," the company said in a statement.
Marriott, Alibaba to launch new booking portal -- The joint venture formed by China's e-commerce giant Alibaba and the world's largest hotel group Marriott International eight months ago will put an exclusive booking portal online next week, said Marriott in Shanghai on April 17. The website, which acts as a flagship store also accessible through Alibaba's travel platform Fliggy, will allow Chinese tourists to book the group's more than 600 properties in the Asia-Pacific area.
JD invests 537m yuan in insurance company -- China e-commerce giant JD has invested 537 million yuan (85.5 million U.S. dollars) into Allianz China General Insurance Company Ltd for a 33.33 percent stake in the company, becoming the second largest shareholder after the transaction. (Source: China Daily)
Tencent, Beijing Film Academy partner to nurture cultural, creative industry talent -- Internet giant Tencent has partnered with the Beijing Film Academy (BFA) to set up a training camp to develop globally-minded professionals in the cultural and creative sector. The two sides will leverage the BFA's abundant education resources and Tencent's technology as well as wide-ranging platforms in the cultural and creative industry to design targeted courses and offer trainees all-round knowledge.
Daimler shareholder Li Shufu calls for more partnerships in automotive industry -- The Chinese automotive investor and Geely-owner Li Shufu urged German carmaker Daimler AG to enter further strategic partnerships on April 16. Li recently became the single largest shareholder of Daimler after acquiring a 9.69 percent stake in the Stuttgart-based company.
Chinese fintech company joins hands with UOB in exploring Southeast Asian market -- Pintec Technology Holdings Limited (PINTEC), a Chinese fintech company, and Singapore's United Overseas Bank (UOB) announced on April 16 the establishment of their joint venture, which will launch its next-generation digital credit assessment solution in Southeast Asia. The new company, named as Avatec ai (S) Pte Ltd, aims to help banks and finance companies to be more efficient and more accurate when assessing credit quality of potential customers, including those who are new to credit, according to a press release from the two parent companies.
Unilever, Alibaba's Tmall join forces to set up R&D center for health products -- Rotterdam-based consumer goods company Unilever Plc and Tmall, Alibaba's online marketplace for reputable retailers, have built a new research and development center to promote health-related products. The center will seek to explore new opportunities in China's healthcare market. (Source: China Daily)
Chinese company provides security for America's summit -- Security and control measures provided by Chinese firm Nuctech have been set up at the eighth Summit of the Americas scheduled for April 13-14 here in Peru. Nuctech equipment, including X-ray inspection systems and other security equipment, can been found at access areas of the Lima Convention Center, as well as the nearby Ministry of Culture, the Grand National Theater and the Museum of the Nation, which are all part of the summit complex. (Source: China Daily)
Amazon introduces Prime Reading service in China -- US-based global e-commerce giant Amazon.com Inc launched Prime Reading, the first entertainment benefit for Prime members in China, on April 19. Prime members can now enjoy unlimited reading, at no additional cost, from a rotating selection of over 500 Kindle titles, including a range of best-sellers, full issues of popular magazines and some of the hottest online literature series in China. (Source: China Daily)
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