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May, 28, 2016

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China > Business
Restructuring, buys take toll on China's Lenovo
China's technology giant Lenovo Group reported its first loss in six years which it blamed on the cost of previous acquisitions and restructuring, as well as the declining sales of smartphones and personal computers.
 
ZTE unveils new smartphone and matching VR devices
Chinese smartphone maker ZTE Corp unveiled its high-end flagship AXON 7 smartphone and its first matching VR devices on Thursday. It also plans to continue to expand in international markets, including the United States and Europe.
 
Investment in real estate falls to 17-year low
Chinese listed property companies' investment in real estate in 2015 registered the slowest growth in 17 years, according to China Securities Daily citing a report released by China Real Estate Association on Wednesday.
 
Smartphone-sized drone launched for selfies addicts
Beijing-based ZeroTech Intelligence Technology Co Ltd unveiled a pocketable drone that specifically focuses on photography usage Wednesday at the Guiyang Big Data Expo.
 
China issues sovereign renminbi offshore bond in London
China's Ministry of Finance announced the issuance of a sovereign renminbi offshore bond in London on Wednesday, giving a boost to London's fast growing offshore renminbi market and creating yet another milestone for the yuan's internationalization.
 
This year the largest startup conference for tech entrepreneurs in Eastern Europe will host over 12,000 participants, 2,000 startups and 700 investors from 20 countries around the world.
 
Big Data Expo 2016 opens in Guiyang
Some of the world's biggest e-commerce and technology companies are expected to attend the big data and e-commerce summit which begins on Thursday in Guiyang, capital of Guizhou province.
 
Chinese companies buy into Italian media rights group
Two Chinese companies-Shanghai-based brokerage and financial services provider Everbright Securities Co and Beijing-based internet entertainment and technology group Beijing Baofeng Technology Co-have bought a 65 percent stake in MP & Silva Ltd, one of world's largest sports program distributors.
 
China's internet giant Tencent Holdings Ltd is said to be in talks to buy control of one of the top-earning game developers in the world from SoftBank Group Corp, in a deal worth $5 billion.
 
China will likely see a moderation of economic growth rather than a notable slowdown for the rest of the year said Chetan Ahya, chief Asia economist at Morgan Stanley, on Tuesday.
 
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