China is speeding up satellite internet development, aiming to launch more satellites to build up its own communication satellite constellation. China first included satellite internet as a key focus of its “new infrastructure” policy support in 2020. By 2023, satellite direct-to-car and direct-to-phone technologies began to debut, marking the beginning of the era of mega-constellations.… Continue reading China Speeds Up Satellite Internet Advancement Toward 25,000 Low-Earth Orbit Satellites
Author: China Money Network Online News
China Establishes Nationwide Regulations for Commercial Use of Autonomous Vehicles
China’s Ministry of Transport released new comprehensive rules for self-driving cars today, in an effort to regulate the commercial application of autonomous vehicles on China’s roads. The “Guidelines for the Safety Services of Autonomous Vehicles (Trial)” (hereinafter referred to as the “Guidelines”) signifies another important step toward commercial implementation of autonomous vehicles in China. The… Continue reading China Establishes Nationwide Regulations for Commercial Use of Autonomous Vehicles
Huawei Spins Off Intelligent Automotive Solutions Unit To Secure Fresh Funding
Huawei is spinning off its Intelligent Automotive Solution (IAS) business unit to seek deeper cooperation with Chinese car makers and secure fresh financing for independent development. Huawei’s IAS unit is establishing a new company specializing in intelligent components for electric vehicles, injecting its core technology, personnel, and assets. Changan Automobile will invest in this company,… Continue reading Huawei Spins Off Intelligent Automotive Solutions Unit To Secure Fresh Funding
China Tech Digest: Qu Toutiao Rumored For Deal Talk, Mexico To Buy Chinese Vaccine
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China Tech Digest: China To Distribute 600 Million Vaccines By Year End, WeBank To Resolve Debt After Danke Failure
© 2023 China Money Network. All Rights Reserved. Disclaimer: The views, opinions, forecasts, and statements made by our hosts and guests are the personal views of those respective individuals and may or may not be either endorsed or accepted by China Money Network Limited or the companies with which these individuals are employed. Go to… Continue reading China Tech Digest: China To Distribute 600 Million Vaccines By Year End, WeBank To Resolve Debt After Danke Failure
China’s Startup Death Toll 2020: Nearly 1,000 Failed Projects
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China’s Geely Unit Releases New Drone Aoshi X-Chimera 25
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Bahrain’s Investcorp Targets RMB2-4 Billion Buyout Fund in China
Investcorp, a global investment institution headquartered in Bahrain, plans to establish its first RMB fund targeting RMB2 billion to RMB4 billion yuan to focus on buyout investment opportunities in China. Founded in 1982, Investcorp is an alternative asset investment institution managing US$50 billion, making it one of the largest alternative asset investment institutions in the… Continue reading Bahrain’s Investcorp Targets RMB2-4 Billion Buyout Fund in China
Localization Rate of Automotive Chips in China Doubles, But Is Still Less Than 10%
The rise of China’s electric vehicle market has opened a window of opportunity for the development of domestic automotive chips. Although there has been significant progress in the production of Chinese-made automotive chips, the industry faces challenges in reducing its reliance on foreign chips and suppliers. Currently, nearly 300 companies in China are developing automotive… Continue reading Localization Rate of Automotive Chips in China Doubles, But Is Still Less Than 10%
Middle Eastern Sovereign Wealth Funds Deepen Investment in China
As global oil prices experience a surge, Middle Eastern oil-producing countries are gaining substantial oil export revenues, leading to a significant increase in the size of their sovereign wealth funds. And, they are expanding their investments in China. Two major sovereign wealth funds from the Middle East, the Abu Dhabi Investment Authority and the Kuwait… Continue reading Middle Eastern Sovereign Wealth Funds Deepen Investment in China