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September, 28, 2016

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China
LeEco defines new era in internet ecosystem
Chinese internet ecosystem company LeEco has stood at the future direction of cellphone manufacture and given a new definition to lead an era, Feng Xing, the company's vice president, said on Wednesday in Beijing.
 
Microsoft eyes huge potential in China's rising cloud market
Microsoft Corp will increase investment in China's cloud computing market and the scale of its cloud platform Microsoft Azure will grow at least tenfold in China in the next few years, a top executive in charge of the company's cloud service said on Wednesday.
 
Michelin launches its first mainland China edition
The famed Michelin food guide launched its first edition in mainland China Wednesday, awarding stars to elegant luxury establishments as well as a humble haunt serving up Cantonese staples.
 > Beijing
 
China probes company accused of N. Korea trade violations
Chinese authorities are investigating a company that researchers say sold North Korea materials that can be used by its growing nuclear weapons program in a crackdown that reflects Beijing's growing frustration with its isolated neighbor.
 
Aided by Microsoft, China Daily aims high by moving to the cloud
China Daily, the country's leading English-language newspaper, signed a Memorandum of Understanding with Microsoft on Wednesday to further its digital integration and enhance its capability to provide more targeted and more valuable multimedia products to its global audience.
 
Steelmakers closer to creating mega mill
Two of China's biggest steelmakers agreed to merge their listed units, moving a step closer to a union that would create the world's second-biggest mill.
 
Kashgar, a major prefecture of northwestern China's Xinjiang Uygur autonomous region, has developed renminbi cross-border payment and receipt business with 15 countries and regions between 2011 and June 2016, said a central bank official on Tuesday.
 
Premier Li Keqiang's meeting with top executives in New York will help to push forward China-US economic relations, including ongoing negotiations on bilateral investment, experts said.
 
Georgian winegrowers look forward to Georgia-China FTA
A day after China and Georgia announced they would sign a free-trade agreement late this year, Georgia's agriculture minister said the two countries' wine industries would be big beneficiaries very quickly.
 
LeEco raises $1b to bankroll electric, networked sports car
Chinese internet major LeEco announced on Tuesday that it has raised $1.08 billion to bankroll the development of its electric sports car, a critical step toward the company's ambitious goal of producing cars that are more advanced than Tesla Motors Inc's.
 
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