Steam Global Still Open to Chinese User
June 15th, Valve revealed in its mail reply to a Chinese game developer that Chinese user will still be able to access Steam global site, and Steam China will be an extra app which offers games that are approved by the authorities.
STEAM China to Launch
June 12th, Wanmei (SZ.002624) and Valve Corporation jointly announced that STEAM China will soon be launched.
SoftBank Sell ARM to China
June 8th, SoftBank decided to sell 51% equity of its subsidiary ARM Holingds to a Chinese group with government background.
SoftBank to Sell ARM
June 6th, ARM Holdings, owned by SoftBank, is to sell controlling rights to a Chinese investor group at a price of USD775 million.
DRAM Makers Raided by Gov
Antitrust authorities in China has raided the offices of Micron, Samsung and SK Hynix, which marks the official start of antitrust investigations against the three DRAM makers.
Tesla to be Made in China
According to sources close to Shanghai government, US car manufacturer Tesla is to build cars in Shanghai, China. The Company is to reveal the facts about its second battery factory in China before Q4 and the location for its gigafactory in China.
Tesla Shanghai Registered
Tesla Shanghai has registered with Chinese authorities on May 10th, held wholly by Tesla Hong Kong. The business scope is R&D and marketing rather than car or battery manufacturing.
On-line Gold Transaction to Shut Down
May 8th, according to Internet Gold Transaction Regulation (Draft) issued by the People’s Bank of China, Internet institutions will not be allowed to provide gold transaction account to users in any form.
Robotics Continue to Grow
According to National Bureau of Statistics of China, 131,000 sets of industrial robotics were build in 2017, up by 81% over the previous year. In January and February, 18,770 sets were builded, up by 25%.
New Regulation on Package Delivery
According to the new regulations on package delivery which take effect yesterday, packages must be signed by receiver personally or stored with 3rd party under consent of the receiver. Service providers may subject to a fine as much as RMB100,000 if they sell or reveal information acquired in the process of delivery service.