One-line news
August 7, 2017 Category 
One-line news, Weekly
- Shanghai Tiandihui Supply Chain Management, China’s’s largest online road transportation operator, is looking to raise fresh capital to expand into supply chain finance. Shanghai-based Tiandihui has reported soaring growth for its online platform, which matches trucks with cargo, and connects more than 50 cities. In 2016, the platform handled more than CNY64 billion worth of transactions. In the first half of 2017, transaction value had topped CNY50 billion.
- China United Network Communications Group Co, the country’s second-largest mobile carrier by subscribers, has set up two operating centers to deepen cooperation with Alibaba Group Holding and Tencent Holdings. The move signals that Alibaba and Tencent are almost certain to become shareholders of China Unicom, analysts said.
- Chinese brands accounted for nearly half of global smartphone shipments in the second quarter of 2017 as they continued to expand aggressively beyond their home market, according to Counterpoint Research. Shipments increased at 3% year-on-year, reaching 365 million units in the quarter, but the growth of key Chinese smartphone brands significantly outpaced the entire industry, leading to a record 48% share of shipments worldwide, a 39 percentage point jump from two years ago.
- Westinghouse’s bankruptcy would have no substantial impact on the ongoing AP1000 nuclear reactor construction in China at projects in Sanman and Haiyang, Gavin Liu, President of Westinghouse Asia said. Westinghouse, which is part of Toshiba, is committed to work closely with contractors to deliver the final commercial operation. China increased its nuclear power capacity last year by another 8 GW, boosting its installed capacity to around 34 GW.
- The China Internet Network Information Center said China had 751 million netizens by the end of June, 19.92 million more than in December. 514 million of them made online purchases, a 10.2% increase compared with the end of last year. By the end of June, 295 million netizens had ordered takeout meals online, 86.78 million more than in December.
- Wang Min, former Party Secretary and Governor of Jilin and Liaoning provinces, was sentenced to life imprisonment for corruption, taking bribes and negligence of duty. He was also deprived of his political rights for life, with all his personal assets confiscated. He had illegally amassed a fortune of CNY146 million.
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