Telecom equipment manufacturer Huawei Technologies (Shenzhen, P.R.C) on Thursday rejected a U.S. government official's suggestion that its rapid growth was due to Chinese government financial aid.
"It is fundamentally and utterly incorrect," said Bill Plummer, vice president of external affairs for Huawei.
He was responding to a comment by U.S. Export-Import Bank President Fred Hochberg on Wednesday that one reason Huawei's "growth has been so dramatic is that it's backed by a $30 billion credit line from the Chinese Development Bank.
The Alipay system affiliated with Jack Ma's Alibaba Group has received a license from China's central bank to operate an electronic payment system in the country, the company said on Thursday.
The license would allow Alipay to handle foreign exchange transactions, Internet payments, mobile payments and debit card services, Alipay said in a statement.
Alibaba Group restructured Alipay's ownership structure, giving Ma full ownership control of the payment business.
China Telecom Corp Ltd (Beijing China), the smallest of the country's three wireless carriers, has contacted Apple Inc to introduce the popular iPhone based on CDMA (code division multiple access) technology, Chairman Wang Xiaochu said today.
Larger rival China Unicom is the only operator in China, which has 886 million mobile phone users, to offer the iPhone so far. However, some analysts say China Telecom could be next after an exclusive agreement with Unicom expires this year.
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Motorola Solutions Inc and China's Huawei Technologies Co have settled a legal dispute over trade secrets, clearing the way for Motorola to complete the sale of one of its business units to Nokia Siemens Networks.
The settlement puts to rest charges by Huawei that Motorola, one of its long-standing partners, could disclose a variety of its trade secrets in selling a networks business to rival Nokia Siemens Networks.
Motorola agreed to pay an unspecified transfer fee to Huawei as part of the settlement, it said on Wednesday.
SK Telecom announced that it will establish a cooperative relationship with China's biggest telecommunications company, China Mobile, in areas of mobile games and M2M.
SK Telecom signed a Memorandum of Understanding (MOU) with China Mobile Jiangsu on April 8 in Nanjing City, Jiangsu Province. The two companies agreed to jointly develop content and platforms in areas of mobile games and M2M (Machine-to-Machine). China Mobile Jiangsu is a branch of China Mobile that is responsible for the company's overall games business.
ZTE Corporation, a global provider of telecommunications equipment and network solutions, and China Tel Group, Inc., a US-based operator of wireless broadband and telecommunications networks, today jointly announced they have signed a contract for ZTE to supply ChinaTel with infrastructure equipment for the nine city wireless broadband network ChinaTel is deploying in the Fujian province.
China Mobile, the world's largest mobile carrier by subscribers, said on Friday that Apple Inc. Chief Executive Steve Jobs has expressed interest in developing an iPhone based on the Chinese carrier's network standard.
Honeywell (Morristown, NJ, USA) has announced it will develop and implement China's first smart grid pilot project and feasibility study for managing energy use in commercial buildings. The project is part of a grant agreement signed today between the U.S. Trade and Development Agency and State Grid Electric Power Research Institute, sponsor of the project and a subsidiary of State Grid Corp. of China.
IDTechEx (Cambridge, MA, USA), an M2M-sector analyst firm, has released their "Printed and Chipless RFID Forecasts, Technologies & Players 2011-2021" report, which predicts a spike in this market to $3.93 billion by 2019.