One-line news
July 31, 2017 Category One-line news, Weekly
- Wanda Internet Technology plans to launch its public cloud service in China in the first quarter of next year after it inked a partnership deal with IBM in March. Dalian Wanda Group has plans to become one of the country’s biggest public cloud providers in five years. The company will only serve big enterprises that prefer value over price.
- China’s three state-owned telecommunications companies announced that they will scrap domestic roaming charges from September 1, one month ahead of the original schedule. China Telecom said it would cancel domestic long-distance charges from September 1. The three operators will also cut international long-distance voice tariffs.
- Imax China Holdings, the Hong Kong-listed provider of Imax systems for cinemas in China, posted a 7.1% fall in net profit for the first half to USD16.5 million, amid slowing ticket sales. Revenue fell 6.3% to USD51.6 million.
- Chinese authorities said restrictions on virtual private networks (VPNs) will have no negative impact on law abiding businesses and individuals. The measures only target unregistered businesses and individuals providing VPN services for cross-border use, Zhang Feng, Chief Engineer of the Ministry of Industry and information Technology (MIIT), said.
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