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Trump-Xi Summit Delayed, USG Rebuilding Leverage, and House Sounds China Alarm in Robotics, Pharma
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Trump-Xi Summit Delayed, USG Rebuilding Leverage, and House Sounds China Alarm in Robotics, Pharma

President Donald Trump on Tuesday confirmed that his state visit to China, originally scheduled for the end of March, would be pushed back by “five to six weeks.” China has not confirmed a new timeframe and said it is in communication with the United States on the visit. While the delay means there’s more time to develop deliverables, it also injects uncertainty in the bilateral relationship.

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Top Chinese Telecom Companies Form $36 Billion Joint Venture

Top Chinese Telecom Companies Form $36 Billion Joint Venture

Shuang Shan China’s three largest telecom companies sold $36 billion worth of tower assets to China Tower Corporation, a joint venture set up by the companies themselves, to expand 4G network coverage and boost efficiency. China Towers offered the three state-owned companies (China Mobile Ltd, China Telecom Ltd, and China Unicom Group Co) a mix […]

China Business Review (Archive Only) Shuang Shan
Alibaba Opens Second US Data Center in Billion Dollar Cloud Investment

Alibaba Opens Second US Data Center in Billion Dollar Cloud Investment

Shuang Shan Alibaba Group Holding Limited’s cloud computing arm AliCloud opened its second Silicon Valley data center on October 9 as part of the e-commerce giant’s billion-dollar investment in its cloud computing business. The data center will help Chinese companies expand in the United States, while allowing Alibaba to offer its cloud computing service to […]

China Business Review (Archive Only) Shuang Shan
Major Chinese O2O Websites Merge in $20 Billion Deal

Major Chinese O2O Websites Merge in $20 Billion Deal

Shuang Shan Meituan.com and Dianping Holdings Ltd, two of China’s largest online local service platforms, have agreed to set up a new company—creating the largest Online to Offline (O2O) business in China. The merger, one of the largest deals ever in the Chinese Internet industry, is estimated to be worth as much as $20 billion […]

China Business Review (Archive Only) Shuang Shan
Tsinghua Buys 15 Percent Stake in Western Digital for $3.78 Billion

Tsinghua Buys 15 Percent Stake in Western Digital for $3.78 Billion

Shuang Shan Tsinghua Unisplendour Co Ltd (Unis) announced on Wednesday that it invested $3.78 billion in Western Digital Corp, purchasing a 15 percent stake (which it must hold for five years) at a premium price of $92.50—33 percent higher than Western Digital’s closing price on Tuesday. The investment gives Unis the right to nominate a […]

China Business Review (Archive Only) Shuang Shan

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