Archive for ChinaTechNews.com Staff

China Mobile Net Profit Down 0.3% In First Three Quarters Of 2020

China Mobile recently released its unaudited operating statistics for the first three quarters of 2020 at the Hong Kong Stock Exchange. The statistics showed that China Mobile's operating revenue in the first three quarters was CNY574.4 billion, a year-on-year increase of 1.4%. Among them, its revenue of communication services was CNY525.7 billion, a year-on-year increase […]

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Tencent Video, NBC Japan Reached Strategic Cooperation

Tencent Video and NBC Universal Entertainment Japan announced a strategic cooperation, under which NBC Universal Entertainment will exclusively distribute some Tencent Video shows in Japan. NBC Universal Entertainment Japan is a music, movie and home entertainment production and distribution enterprise under NBC Universal. NBC Universal Group operates a number of entertainment businesses around the world, […]

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Guoxin Micro Net Profit Up 87.51% In First Three Quarters Of 2020

Guoxin Micro recently released its financial report for the first three quarters of 2020, stating that the company's net profit was CNY685 million, a year-on-year increase of nearly 88%. At the same time, the company's annual net profit in 2020 is expected to double compared with the previous year due to the continuous improvement in […]

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Guoxin Micro Net Profit Up 87.51% In First Three Quarters Of 2020

Guoxin Micro recently released its financial report for the first three quarters of 2020, stating that the company's net profit was CNY685 million, a year-on-year increase of nearly 88%. At the same time, the company's annual net profit in 2020 is expected to double compared with the previous year due to the continuous improvement in […]

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360 Won Bidding For Suzhou’s Security Brain Project

360 recently published an announcement, stating that its subsidiary Beijing Hongteng Intelligent Technology has reached strategic cooperation with Suzhou and won the bidding for the CNY260 million "Suzhou Cyber Security Collaborative Innovation and Security Brain Project" in the Wuzhong Economic Development Zone. 360 revealed in the announcement that the Suzhou project includes the construction of […]

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China Tower Revenue Up 5.6% In First Three Quarters Of 2020

China Tower Corporation Limited recently published a report, stating that the company achieved a continuous and stable operating performance growth during the first three quarters of 2020. Its operating revenue reached CNY60.22 billion, representing a year-on-year increase of 5.6%. For details, its tower business realized revenue of CNY54.798 billion, a year-on-year increase of 2.2%; its […]

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Giant, Huawei Establish Ecological Joint Innovation Lab

Giant Network and Huawei formally signed an ecological and technological cooperation agreement, under which the two parties will implement in-depth exchanges and cooperation in new technologies and ecology and jointly establish an ecological joint innovation lab. According to the agreement, Giant Network and Huawei will carry out in-depth exchanges and cooperation in Harmony ecology and […]

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TSMC Plans To Build New Plant In Arizona

Wendell Huang, CFO of Taiwan Semiconductor Manufacturing Company, recently announced at a press conference that if conditions permit, TSMC will build a new wafer plant in Arizona, the U.S. The Taiwanese semiconductor company recently released its financial report for the third quarter of 2020, stating that by September 30, its total operating revenue was TWD356.43 […]

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Montnets, ZTE Sign Strategic Cooperation Framework Agreement

Montnets Rongxin Technology Group Co., Ltd. recently published an announcement, stating that its subsidiary Shenzhen Montnets has signed a strategic cooperation framework agreement with ZTE. Based on the principle of "joint development and win-win cooperation", the two parties agreed to fully play their respective talent, technology and market resource advantages, implement extensive strategic cooperation, and […]

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Tencent May Increase Stake In UMG By 10%

According to reports in foreign media, Tencent plans to increase its stake in Universal Music Group by 10% before its option expires in January. At present, the review is still in progress, and it is not clear whether the original consortium members will participate. At the end of March 2020, a consortium led by Tencent […]

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