Month: April 2018

Alipay trials digital replacement of China’s ubiquitous ID cards

April 18, 2018

A new system of official digital ID has been integrated with Alipay for making ID-validated purchases such as train tickets and for checking into hotels in test areas in eastern China. The “Resident ID Online Verification Certificate” (our translation: “居民身份证网上功能凭证”) uses the “Internet+ Trusted Identity Authentication Platform”, also known as CTID, (our translation: “互联网+可信身份认证平台”), according … More Alipay trials digital replacement of China’s ubiquitous ID cards

China launches ID authentification chip to rein personal data leak

April 17, 2018

China’s Ministry of Public Security issued the first batch of 50,000 smart chip cards in Gongqing City of Jiangxi Province in an attempt to promote safer and easier identity authentication for smartphone users. The technology is expected to have wide applications in areas such as e-commerce, social media, and administrative services. Dubbed as SIMeID, the … More China launches ID authentification chip to rein personal data leak

EEE Innovations Oy short-listed as one of this year’s Red Herring 100 Europe!

April 16, 2018

#EEEInnovationsOy short-listed as one of this year’s #RedHerring 100 Europe! Please see the complete list of 2018 Top 100 Europe Finalists below. This is an exception to my previous articls/news, because it concerns the company I work for. Since 1996, technology industry executives, investors, and strategists have valued the Red Herring 100 lists as an … More EEE Innovations Oy short-listed as one of this year’s Red Herring 100 Europe!

Tencent, Changan Automobile Launch Connected Vehicle Platform Joint Venture

April 13, 2018

Chinese Internet giant Tencent Holdings Ltd. has set up a joint venture with Chinese automobile manufacturer Changan Automobile Co., Ltd. to co-develop autonomous driving technologies and connected vehicle platforms. It marks Tencent’s latest move in the automotive sector to rival Alibaba and Baidu. Last November, Tencent partnered with five automakers including Changan, GAC Group, Geely, … More Tencent, Changan Automobile Launch Connected Vehicle Platform Joint Venture

Xi Jinping puts China’s car industry in top gear with plans to raise foreign investment cap, lower import tariffs

April 11, 2018

Global carmakers received a double dose of good news from China’s President Xi Jinping on Tuesday: a reduction in import tariffs and a raised investment cap with regards to mainland-based factories. New energy carmakers such as Tesla are set to become the top beneficiaries of a relaxation by Beijing on foreign ownership in the automobiles … More Xi Jinping puts China’s car industry in top gear with plans to raise foreign investment cap, lower import tariffs

China Is Studying Yuan Devaluation as a Tool in Trade Spat

April 11, 2018

China is evaluating the potential impact of a gradual yuan depreciation, people familiar with the matter said, as the country’s leaders weigh their options in a trade spat with U.S. President Donald Trump that has roiled financial markets worldwide. Senior Chinese officials are studying a two-pronged analysis of the yuan that was prepared by the … More China Is Studying Yuan Devaluation as a Tool in Trade Spat

American tech sector frets as US-China trade tensions simmer

April 8, 2018

As US-China trade tensions ratchet up, the technology sector is fretting over the potential for collateral damage to one of America’s most important export industries. The tech industry is not directly affected by the new tariffs unveiled by the Trump administration which aim to target Beijing for unfair trade practices failure to protect intellectual property. … More American tech sector frets as US-China trade tensions simmer

American Retail Industry Fearful As Trade War Escalates

April 5, 2018

The trade war initiated by the Trump Administration escalated Wednesday April 4 with China adding tariffs on an additional 106 products worth up to $50 billion annually. The new tariffs mostly target basic agricultural products, including pork, soybeans, cotton, and wheat, but also include plastics, whiskey, tobacco, and vehicles. These new tariffs build on an … More American Retail Industry Fearful As Trade War Escalates

US Details 25% Tariff On $50B Chinese Imports, Including Electric Cars, Medicine

April 4, 2018

The U.S. government under Donald Trump has published a list of about 1,300 Chinese exports that could be hit with 25% tariffs. The tariffs would apply to about US$50 billion worth of goods, ranging from electric cars to education material. The tariffs won’t go into effect right away. The U.S. administration said it will hold … More US Details 25% Tariff On $50B Chinese Imports, Including Electric Cars, Medicine

Tourism Features Prominently in Beijing’s Strategic Long-term Middle East Goals

April 2, 2018

In China’s quest for global influence, the Middle East has increasingly taken on increased importance. This is in part an effort to acquire strategically important natural resources, namely fossil fuels. However, fundamentally this new Middle East focus is also an effort to facilitate the consolidation of Chinese economic and political influence globally, China’s Belt & … More Tourism Features Prominently in Beijing’s Strategic Long-term Middle East Goals