The Hertz Corporation (Park Ridge, N.J., U.S.A.), a car rental company, last week announced the expansion of its Global Electric Vehicle (EV) initiative to China, marking the first EV rental service to be offered in the country.
Hertz now offers EVs across the U.S. in cities including New York, Washington, D.C., San Francisco, Los Angeles, and in London, United Kingdom and other cities in Europe.
Telecom equipment vendor Alcatel-Lucent (Paris, France) and China's State Grid Information and Telecommunication Co. (SGIT), a unit of utility company State Grid Corporation of China (Beijing, China) (SGCC), announced a partnership on Friday to provide technology that accesses data used to track energy usage from devices such as smart meters, analyze that data and deliver that information to the utility company.
China Mobile Ltd (Hong Kong, China), the world's largest mobile operator, said on Friday it will use $780 million to set up a finance unit in a move that could disappoint shareholders hoping for a dividend hike.
The new unit would be called China Mobile Finance and would engage in financial services such as insurance agency business and inter-bank lending, China Mobile said in a statement posted on the Hong Kong stock exchange.
Apple (Cupertino, Calif., U.S.A.) is set to exponentially grow its China business as the country's number one and number three telecom operators’ fight to finalize deals to sell iPhones in the world's largest mobile phone market, with more than 900 million subscribers.
China Unicom (Beijing, China) is the sole operator offering Apple's smartphones, but it is only a matter of time before the number one operator, China Mobile (Beijing, China), and number three, China Telecom (Beijing, China), follow suit, analysts said.
China Telecom (Beijing, China) plans to offer its 106 million subscribers the Apple Inc (Cupertino, California) iPhone by the end of 2011, sources said on Wednesday.
The move would help China Telecom, the smallest of the country's three telecommunications operators, establish more 3G users in a competitive market. China Telecom operates the country's largest fixed-line network and is a relative newcomer to the mobile market.
In a report conducted by research firm Technavio, it is forecasted that the Chinese electric vehicle (EV) charging station market will grow at a Compound Annual Growth Rate (CAGR) of 86% from 2010 to 2014.
According to Technavio, the EV Charging Station market reached $321 million in 2010 and is expected to grow to $1.2 billion in 2011 due to the huge investment being made to develop the infrastructure required by electric vehicles.
Juniper Networks (Sunnyvale, Calif.), a networking systems provider, on Monday announced that Youku.com Inc, a Beijing-based Internet television company, has deployed a new Ethernet switching infrastructure running on Juniper’s operating system in its data center and Content Delivery Network.
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.