20190605 China News
Source: | Author:eacham | Published time: 2019-06-05 | 344 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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Chinese consumers are focusing on quality and sound when choosing headphones, prompting headphone giant Sennheiser to further explore the market, said a senior executive with the firm.

 

Chinese top chipmaker Tsinghua Unigroup is consolidating its semiconductor business through reshuffling subsidiaries, including one that has written big checks to buy Linxens, a French smart chip components maker.

 

Foreign telecom companies applauded China's announcement to soon issue commercial 5G licenses and the country's commitment to international cooperation, saying that the move will accelerate the application and development of fifth-generation wireless technology in the country.

 

As the country's financial regulator tightens its grip on the once sprawling wealth management market, the pace of development of the private banking sector targeting high-end customers has picked up, reflecting the maturing investment philosophy of high net worth individuals who each hold average investable assets of 6 million yuan ($870,000).

 

By 2022, the ice and snow equipment sector in China aims to hit annual sales revenue of 20 billion yuan ($2.9 billion), and achieve an annual growth rate of 20 percent or more between 2019 and 2022, according to a new plan issued by the government.

 

The output of China's electronic information manufacturing industry jumped 9 percent year-on-year in the first four months of this year, said the Ministry of Industry and Information Technology on Tuesday.

 

Since the term "unicorn" was first used by venture capitalist Aileen Lee six years ago to describe a privately held startups valued at $1 billion or more, the number of companies matching this label has mushroomed to 326, according to a report.

 

Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News
Author: Producer Emilio Mendez
Speaker: Caroline Parraguez
Edition: EAcham

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