The country’s economy is largely concentrated around manufacturing The enterprise ICT revenue opportunity in China is expected to increase at a compound annual growth rate (CAGR) of 8.5 per cent between 2021 and 2026. The ongoing government initiatives prioritizing industrial digitalization and acceleration of digital transformation activities across large enterprises…
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TusStar will increase its regional presence in Southeast Asia The Ministry of Communications and Information (MCI) and Infocomm Media Development Authority (IMDA) announced the inking of eight Memorandum of Understanding (MOU) and unveiled 14 new joint projects under the Singapore-China (Shenzhen) Smart City Initiative (SCI), at the 3rd Joint Implementation Committee…
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Alternative payments are the most popular method to pay for online purchases Alternative payments methods such as mobile and digital wallets dominate the e-commerce space in China and collectively account for 72 per cent of market share in 2022, finds the 2022 Financial Services Consumer Survey of GlobalData, a leading…
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The Chinese president said the digital gap must be bridged Building global consensus and bolstering confidence in world economic recovery is a critical task for the 17th G20 Summit, with the theme “Recover Together, Recover Stronger.” As a new driving force for global economic growth, the digital economy has great…
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Cross border services include decentralised identifiers China’s national blockchain, Xinghuo Blockchain Infrastructure and Facility (XInghuo BIF) inked an agreement with MY E.G. Services Bhd (MyEG) for MyEG to own and operate the Xinghuo International Supernode that will provide connectivity to the rest of the world at the 2022 China Internet Conference…
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China led the formulation and release of the G20 Digital Economy Development Three years into the COVID pandemic, the world economy, while facing mounting uncertainties and challenges, has undergone profound changes, with the digital evolution accelerated and the digital economy emerging as a new engine for economic recovery and growth.…
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The two sides held in-depth exchange of views on the bilateral relations Chinese President Xi Jinping on Wednesday held talks with visiting Pakistani Prime Minister Muhammad Shehbaz Sharif at the Great Hall of the People in Beijing, and Sharif is one of the world leaders that has visited China right after the conclusion of the…
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Bringing massive scale, security, and agility to nation’s power grid Nokia today announced the extension of its existing relationship with the world’s largest power utility, State Grid Corporation of China (SGCC), with the selection of its Optical Transport Network (OTN) solutions. SGCC will deploy Nokia’s optical technology across Hubei, Hunan and Jiangxi provinces, creating a world-class OTN backbone with the capacity, operational efficiency and intelligence required…
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Many Chinese businesses are increasingly adopting digital technologies The government initiatives to boost digital economy and digital leadership through the expansion of information and communications technology (ICT) infrastructure and regulatory support mechanisms are driving China’s enterprises to increase their ICT spending in 2022, finds GlobalData, a leading data and analytics company.…
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Over the past ten years, digitalization has made people’s lives easier Navigation apps that show real-time traffic information and estimated travel time, virtual fitting rooms that help you get the most fitted clothes you want when you shop online, and virtual museums where you can get close to valuable cultural…
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