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Toymaker Lego teams up with Chinese internet giant Tencent

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Privately-owned Lego has seen a slowdown in sales growth in recent years, but the Chinese market has been a bright spot with sales growing 25-30 percent in 2016. It is competing with Barbie maker Mattel Inc (MAT.O) and Hasbro (HAS.O), the firm behind My Little Pony, for a slice of the $31 billion toys and games market in China. Lego said on Monday the partnership with Tencent, China’s biggest social network and gaming company, aimed to create a safe online environment covering content, platforms, and experiences tailored for Chinese children... Read More »

Apple: Chinese firm to operate China iCloud accounts

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It has contacted customers based in China, advising them to examine new terms and conditions. They include a clause that both Apple and the Chinese firm will have access to all data stored on iCloud. Apple said it had made the move to comply with the country's cloud computing regulations. iCloud accounts registered outside of China are not affected. 'Strong data privacy' The Chinese cyber security rules, introduced in July last year, include a requirement for companies to store all data within China. The firm, Guizhou on the Cloud Big Data (G... Read More »

World’s Biggest Education Market Is Opening For Business

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Successive reforms of strict prohibitions on foreign-owned schools has seen the number of students enrolled in international schools rise, with the Chinese market now the largest in the world. And the most lucrative end of the market is in line for a significant fillip in 2018 following changes introduced this year. Suspicion of western influence has been behind a historical reluctance on the part of the Chinese authorities to allow international schools to gain anything more than a toe-hold in the country. Access was generally denied to Chi... Read More »

Chinese skyscraper to be auctioned online

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A 156m (511ft) skyscraper in northern Shanxi province has been listed on Taobao, China's largest e-commerce website, by a local court. The 76,000 sq m repossessed building is due to go on the block on 2 January, with a sky high asking price of 553m yuan ($84m; £62m). The site said online auctions helped with transparency in property sales. Construction on the building first began in 2006 and was due to be completed by 2011, according to Chinese state media outlet Xinhua. However, the developer ran into funding troubles. The building was even... Read More »

Google to open artificial intelligence centre in China

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Google said the facility would be the first its kind in Asia and would aim to employ local talent. Silicon Valley is focusing heavily on the future applications for AI. China has also indicated strong support for AI development and for catching up with the US. Research into artificial intelligence has the potential to improve a range of technologies, from self-driving cars and automated factories to translation products and facial recognition software. In a blog post on the company's website, Google said the new research centre was an imp... Read More »

German spy agency warns of Chinese LinkedIn espionage

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The agency alleges that Chinese intelligence used the networking site to target at least 10,000 Germans, possibly to recruit them as informants. It released a number of fake profiles allegedly used for this purpose. BfV head Hans-Georg Maassen said the accounts show China's efforts to subvert top-level German politics. "This is a broad-based attempt to infiltrate in particular parliaments, ministries and government agencies," he said. China has denied similar allegations of cyber espionage in the past and has not yet responded to the Germ... Read More »

Checkpoint at Power of Siberia’s cross-border section to open in May

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Enlarged photo (JPG, 2 MB) The parties discussed the focus areas of Russian-Chinese cooperation in the gas sector, specifically the projects for Russian gas supplies to China, including via the eastern route – through the Power of Siberia gas pipeline – and from Russia’s Far East. It was noted that over 650 kilometers of the Power of Siberia gas trunkline had been built up to that moment, with 927 kilometers of the pipe string welded. Enlarged photo (JPG, 2 MB) Enlarged photo (JPG, 2 MB) A temporary two-way check... Read More »

The Coca-Cola Company Congratulates China Bottling Partners on Significant Refranchising Milestone

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The Coca-Cola Company today issued a statement congratulating its local bottling partners in China -- COFCO Coca-Cola Beverages Limited (a subsidiary of COFCO Corporation) and Swire Beverages Holdings Limited -- on the closing of the majority of refranchising transactions in Coca-Cola’s third-largest market.  Following transactions closed on April 1, all Coca-Cola bottling territories in China are now majority owned by local franchise partners. “We congratulate COFCO and Swire on the closing of these important transactions and look forward t... Read More »

The Coca-Cola System in China Completes Definitive Agreement to Reshape Bottling Operations in China

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The Coca-Cola Company, together with its three main bottling groups in China - Coca-Cola Bottling Investments Group China (“BIG”), COFCO Coca-Cola Beverages Limited (a subsidiary of COFCO Corporation, “COFCO”)  and Swire Beverages Holdings Limited (“Swire”) – today commemorated the completion of a definitive agreement to refranchise all existing Company-owned bottling operations in China. The transaction will result in a divide of the Coca-Cola’s bottling system in China between the two franchise partners – COFCO and Swire. “This announcemen... Read More »

NASA, China to Collaborate on Air Traffic Management Research

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The details of the agreement were discussed during NASA Administrator Charles Bolden’s visit to China in August, when he met with officials from CAE and the Civil Aviation Administration of China (CAAC). “China is expected to see a substantial increase in air travel in the near future,” Bolden said. “Our ability to work closely together will help to improve predictability of ground delays so air carriers can better plan departures to increase efficiencies. That will have a positive impact on U.S. carriers operating in China and the global av... Read More »

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