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July, 24, 2016

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Smartphones hang up on double-digit sales growth globally
For the first time ever, annual growth in smartphone sales is estimated to be in a single digit-7 percent on 1.5 billion units this year-down more than half from 14.4 percent last year. In 2010, the sales growth rate was a whopping 73 percent.
A business cooperation deal struck between France's biggest vacation real estate company, Pierre & Vacances-Center Parcs Group and Hainan Airlines Co Ltd parent HNA Tourism Group, will lead to the construction of three major new holiday parks in China.
Opening to benefit supply side reform
China's latest easing of its rules for foreign investment, a move toward a more open market policy, will bring in heated competition, but will not put too much pressure on local manufacturers, industry insiders said.
Travelers tighten purse strings
Chinese outbound travelers tightened their purse strings last year as their spending on travel dropped by 17 percent amid a slowing economy and is expected to pick up next year with one-third planning to spend more, according to a survey.
Google saves big using DeepMind-powered AI
Google Inc just paid for part of its acquisition of DeepMind in a surprising way.
MIIT rules out unregulated driverless car tests
China is formulating rules for governing the testing of autonomous vehicles on the country's highways, according to, citing an official from the auto industry regulator.
Telecoms extend 4G service to Nansha Islands
China's top mobile telecom carriers have launched 4G service on the Nansha Islands, in an effort to safeguard the country's legal claim in the South China Sea and to improve communication services for local people.
Alibaba opens new office in Australia to push globalization strategy
Chinese e-commerce conglomerate Alibaba Group Holding Ltd announced a plan on Tuesday to open its first local office in Australia later this year, the latest move in its globalization push to have more than half its revenues coming from countries outside China by 2036.
China suffers from increased protectionist measures
China encountered 65 trade-remedy investigations launched by 17 countries and regions in the first half of 2016, surging 66.67 percent on a year-on-year basis, the Ministry of Commerce said on Tuesday.
China has surpassed the US and Japan to become the new leader in the game category of the iOS app market in the latest quarter, according to a report released by US-based analytics firm -- App Annie on Tuesday.
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