Chinese telecom device maker ZTE recently revealed that the company achieved operating revenue of CNY81.242 billion in 2014 — a year-on-year increase of 7.99% — and its net profit attributable to shareholders reached a year-on-year increase of 94.17%. Meanwhile, the company reported that its operating profit was CNY104 million during the reporting period and its total profit was CNY3.629 billion, ...
Alibaba will prevent Chinese vendors from selling children's products that are considered dangerous or illegal to American consumers. The U.S. Consumer Product Safety Commission has provided a list of up to 15 products which are considered illegal or have been recalled by manufacturers. Those products include baby seats and powerful magnets, and they are currently being sold on Alibaba to global buyers. ...
Letv will soon launch its next-generation super TV product in China. With the name of X55 Air, the new product will reportedly have a 55-inch display, full metal frame, and it will support 4K resolution. The product will be sold at about CNY5,000. The X55 Air will adopt the similar production process with X60S; however, the new-generation product will feature a full metal frame, cloud-based ...
Japanese electronics company Panasonic reportedly plans to move its digital camera manufacturing from Japan to China in spring of 2015. The company's production lines in Fukushima, Japan, will stop operation. The Fukushima plant has an annual output of 1.5 million digital cameras, which is about half of the global sales of Panasonic. Due to the devaluation of the ...
According to Angela Ahrendts, Apple's senior vice president of retail and online stores, the company plans to open five new retail stores in China before the Chinese Lunar New Year. Its new store in Zhengzhou, Henan, has opened to customers and another new store in Hangzhou will be opened on January 24, 2015. Chinese Lunar New Year, otherwise known as Chun'jie, is a week-long holiday beginning on ...
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