Media Focus on Multinational Corporations





China Mobile Communications Group Co Ltd, the world's largest telecom carrier by mobile subscribers, on Monday said it has appointed Yang Jie as chairman. China Mobile's operating revenues for the first three quarters of 2018 dipped 0.3 percent year-on-year to 567.7 billion yuan ($81.8 billion), the company's first decline in nearly four years. (China Daily)

Samsung is planning to introduce the internet of things and artificial intelligence technologies, as well as fifth-generation wireless communication equipment, to China as the South Korean technology giant aspires to reclaim lost sales in the world's largest smartphone market in face of mounting competition from local rivals. (China Daily)


Honeywell said on Monday that the overall purchase plans of civil helicopters over the next five years were lower due to the weaker economic outlook, while China stayed as a stable buyer in the industry. Honeywell's latest forecast showed that 4,000 new civilian-use helicopters would be delivered from 2019 to 2023, down by 200 in number from the five-year forecast in 2018. (China Daily)

NBA China and Alibaba Group today announced an expansion of their partnership that will bring NBA content to Alibaba's platforms for the first time, along with an enhanced online shopping experience for consumers in China. An 'NBA Section' will be launched across Alibaba's platforms.

(China Daily)

Volkswagen is giving the renowned dune buggy a makeover for a digitized and environmentally-conscious era, presenting a noise- and pollution free concept car billed as just as much fun in the sands as its petrol-powered forebears. (National Business Daily)


Enbridge Energy is delaying the startup of its planned Line 3 replacement crude oil pipeline through northern Minnesota by a year. The Canadian-based company said Friday it now expects the new pipeline to go into service in the second half of 2020. Enbridge officials had hoped to put the pipeline into service in the second half of 2019. (National Business Daily)

Tencent is to increase its investment in esports tournaments in China with financial support from Chinese local governments to promote the development of the fast-growing industry. Tencent already backs two of the world's most-watched esports tournaments for its mobile title Honor of Kings and PC game League of Legends. (National Business Daily)

France introduced a new tax that could hit Silicon Valley giants like Google, Amazon and Facebook. The measure, introduced by the government on Wednesday, would levy a 3 percent tax on revenues the tech companies generate in France from services like advertising or operating a digital marketplace. (National Business Daily)

Newly-minted General Electric CEO Larry Culp has worked quickly to try to improve the balance sheet at the struggling conglomerate, selling off a number of key assets and tightening spending in an effort to reduce debt. And his work isn’t done. (Global Times)

JPMorgan Chase  & Co is tearing down walls and moving its San Francisco investment bankers onto 'hot desks,' a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities. Shared workspaces have been relatively slow to catch on at banks, but JPMorgan is following recent renovations by some rivals, which designers tout as cost cutting and productivity boosting. (Global Times)

Huawei said on Thursday it is suing the US government to challenge the US over its ban on the use of Huawei products, as the Chinese telecom firm, which has been besieged by US government attacks over its security 'threats,' has finally decides to fight back. The latest decision marked the Chinese firm's most aggressive move to fight back US accusation that its technology poses a global security threat. (Global Times)

CRRC, China's high-speed railway manufacturer, is expected to roll out the next generation 200-kilometer-per-hour (kph) commercial pilotless maglev train at the beginning of 2020, Zhou Qinghe, chairman of CRRC Zhuzhou Locomotive Co, said on Sunday. Zhou stressed that the pilotless maglev train is the first in the global maglev system that can run at that speed, and the train's patent is completely owned by China. (Global Times)