China

Pension fund sues IBM for torpedoing China sales with NSA spy program

Pension fund sues IBM for torpedoing China sales with NSA spy program

A pension fund has sued IBM for $12.9 billion in revenue losses caused by the recent revelation of its partnership with the US Congress and the NSA to spy on Chinese customers. Many of China's companies pulled out of business arrangements with IBM after it became known that IBM was using its technology to collect customer information for the NSA. The suit cites IBM's open lobbying effort to persuade Congress to pass the bill allowing the spying program known as Prism.

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Hackers stole data from five European nations at September G20 Summit

Hackers stole data from five European nations at September G20 Summit

Network security company FireEye has reported a coordinated malware attack on five European foreign ministries. The attack took place last August just prior to the G20 Summit in September. It was achieved by sending the ministries email attachments bearing file names pertaining to the primary topic of the summit: military options in Syria. Once downloaded, the files allowed the hackers to monitor communications and steal data from the host machines. FireEye believes the hackers are from China, but it stopped short of alleging collusion with the Chinese government.

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China Mobile iPhone orders start officially this week

China Mobile iPhone orders start officially this week

One of the bigger keys in Apple's move into China for iPhone retail sales in China Mobile has signed their final deal: they'll begin orders this week. There's little doubt now that Apple will be making big plays for the international market with their iPhone devices, especially now that China sales are ramping up. China Mobile's first offering of the iPhone will begin with the newest device, the iPhone 5s.

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Baidu, China Telecom remove Bitcoin following Chinese bank prohibition

Baidu, China Telecom remove Bitcoin following Chinese bank prohibition

The so-called "Google of China", Baidu, has stopped accepting Bitcoin as payment on any of its online properties -- as has China Telecom. This near-synchronous cessation of payment transactions for the two companies in the digital currency, many believe, exacerbated the recent sudden downturn of Bitcoin's long and unprecedented rise in value. The USD Bitcoin value currently stands at $679.43 according to CoinDesk, down from $1,147 just before the People's Bank of China all but outlawed the payment option for banks.

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Oppo Find 7 tipped as first to Snapdragon 805, 2560 x 1440 display

Oppo Find 7 tipped as first to Snapdragon 805, 2560 x 1440 display

There's nothing like a next-generation smartphone rumor to start your day off right, especially when it comes from the folks at Oppo. The brand Oppo has presented several surprisingly interesting devices in the recent past, notably the Oppo Find 5 and the Cyanogenmod-laden Oppo N1. This week we're to understand that the Oppo Find 7 is under construction, with some wholly next-level specifications.

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Bitcoin banned in China banks

Bitcoin banned in China banks

Bitcoin has suffered a blow in China this week as the country's central banking authority has banned all China-based banks and payment systems from using any form of the virtual currency. This does not mean that everyday users of Bitcoin are banned from taking part in Bitcoin transactions, only that banks are barred from top to bottom.

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Apple and China Mobile pen iPhone deal after months of rumors, says sources

Apple and China Mobile pen iPhone deal after months of rumors, says sources

Rumors and speculation regarding an Apple and China Mobile partnership have been around for a long time, and such would represent a huge move on Apple's part. Back in September, sources spoke to the Wall Street Journal claiming that Apple would be sending iPhone 5c models to China Mobile, though they couldn't confirm whether an actual deal had taken place. Now a new source has cropped up, this time telling the WSJ that a deal has, indeed, been signed.

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Huawei CEO to French media: “We have decided to exit the US market”

Huawei CEO to French media: “We have decided to exit the US market”

Huawei CEO Ren Zhengfei has some words for the US government and US tech companies. In light of a push in recent years by some officials and tech execs to shun Huawei and ZTE based on their alleged collusion with the Chinese government to spy on the US, Zhengfei said Huawei is "exiting the US market." However, the statement should be seen as a stern statement of things to come rather than an immediate game plan if international suspicions don't cool off.

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China launches Chang’e-3 to put a rover on the moon by Dec. 14

China launches Chang’e-3 to put a rover on the moon by Dec. 14

China has successfully launched the Chang'e-3 probe slated to put a lander and rover on the moon. The pair are equipped with seven scientific instruments for observing outer space and gathering data about the lunar surface. The launch took place today at 5:30PM UTC using a Long March 3B rocket at the LC2 Launch Complex at the Xichang Satellite Launch Center in southwestern China.

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