An online education company backed by Alibaba Group Holding Ltd said on Monday that a unit of Softbank Corp had made a strategic investment in the company for an undisclosed amount.
The investment in TutorGroup from SBI Group (Tokyo, Japan), formerly known as Softbank Finance Group and one of Asia's biggest venture capital firms, follows a capital raising of nearly $100 million for TutorGroup in February from Alibaba (Hangzhou, China), Singapore state investor Temasek Inc and China's Qiming Venture Partners (Shanghai).
China is now outspending the US on the installation of smart-grid technology, investing as much as $4.3 billion in 2013, according to new research from Bloomberg New Energy Finance (BNEF).
Much of China’s spending last year went on the rollout of some 62 million smart meters, bringing the total number it has deployed to just less than 250 million.
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Remote-monitoring specialist ID Systems says it has received a purchase order worth $935,000 from a Chinese customer that is one of the world’s biggest consumer packaged goods companies.
ID Systems (Woodcliff Lake, NJ, USA) did not disclose the identity of the Chinese customer, but said the contract will see it deploy its PowerFleet wireless vehicle management system on fleets of industrial trucks at three of the company’s Chinese facilities.
It also indicated the company in question was a “long-time ID Systems customer”.
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Although some 200 million new electricity meters have been installed across China since the turn of the decade, only about a quarter of these are equipped with the bi-directional technology that facilitates “true” smart meter capabilities, like demand response.
Indeed, rollouts by China’s State Grid Corporation of China (Beijing) and Southern Grid Utilities (Guangzhou) have seen the introduction of both unconnected meters and ones that support only single-direction communications.
Chinese equipment vendor ZTE has said it is helping China Mobile to deploy voice over LTE (VoLTE) services on its network in Guangzhou in what it calls an important step to a wider national rollout.
The company says its technology ensures that users do not experience any disruption when switching between 3G and 4G networks for voice calls.
It is using a system known as Single Radio Voice Call Continuity (eSRVCC) to allow seamless handovers between the two network standards.
China will need to adopt transformative technologies and medical practices if it is to meet healthcare reform goals for 2015, according to PwC.
China has approved a pilot scheme allowing private companies to piggy back on the country's three dominant telecommunications providers to offer own-brand mobile services, opening the world's largest mobile phone market to increased competition.
Authorities have approved 11 private "virtual carriers" to resell mobile telecommunications services, the Ministry of Industry and Information Technology (MIIT) said in a statement on its website on Thursday.
China’s Huawei has thrown its considerable weight behind the promotion of 4G technology for use with M2M services.
In a statement about its progress on winning 4G business, the equipment vendor said that while LTE networks are today being used mainly to connect people to the internet they would increasingly provide support for M2M and Internet of Things solutions.