China
Tencent takes on Alibaba, Xiaomi with open smart hardware operating system
China's Tencent Holdings Ltd launched on Tuesday an operating system for internet-connected devices such as TVs and watches that is open to all developers, taking on domestic rivals Alibaba Group Holding Ltd and Xiaomi Inc in the smart hardware space.
Huawei releases new Honor budget smartphone, to be sold online
Huawei Technologies Co Ltd launched on Tuesday the Honor 4C smartphone, the latest bid by the Chinese technology firm to gain market share in the highly competitive budget handset segment from domestic rivals such as Xiaomi Inc.
China iPhone sales boosts Apple; shares up modestly
Apple Inc (AAPL.O) beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time, but the company gave no sales figures for its new Apple Watch.
China plans to cut number of big state firms to 40: state media
China will likely cut the number of its central government-owned conglomerates to 40 through massive mergers, as Beijing pushes forward a sweeping plan to overhaul the country's underperforming state sector, state media reported on Monday.