Lenovo Group said the corporation is currently evolving as a wireless computing supplier due to the booming sales of smartphones and tablets.
Tags: China
China to simplify investment rules to attract foreign investment
In accordance with the new free trade zones, China planned to simply its legislation to attract foreign strategic and financial investors.
China plans to loosen rules on foreign investment on free trade zones
China announced its plans of easing laws for foreign investors in its free trade zones. China has planned to ease laws on foreign investment in the country's new free trade zones.
China lures more investment in aged care market
China would be giving perks for foreign and private investors interested in providing elderly care services and facilities in the country.
Sequoia Capital to invest US$1.1 billion
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
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Chad indefinitely suspended China's CNPC oil operations in the country. All drilling activities by China National Petroleum Corporation's subsidiary in the Republic of Chad were indefinitely suspended.
Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.
Tencent upgraded WeChat as the Chinese company hoped to boost its revenue through addictive games on mobile devices.
Xinhua reported that French drugmaker Sanofi had become the focus of bribery investigations by Chinese authorities.
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
Canalys told Bloomberg that Apple's market share in China plunged to just 5% during the second quarter, down from last year's 9%.
The Smartphone-like network of switches would be offered by Huawei in October to boost its market share and challenge its rival, Cisco.
Xiaomi Tech has overtaken Apple's market share in China with 0.2% lead. Xiaomi Tech, a Chinese smartphone manufacturer, has already surpassed Apple's market share in China.
According to analysts, Apple should focus on the growing smartphone markets like China and India. Canalys, a research firm, said China and India were important countries that Apple needs to focus in terms of growth in the smartphone market.
