Chinese spacecraft carrying lunar rocks lifts off from moon

Chinese moon probe begins return to Earth with lunar samples
This image taken by panoramic camera aboard the lander-ascender combination of Chang’e-5 spacecraft provided by China National Space Administration shows a moon surface after it landed on the moon on Wednesday, Dec. 2, 2020. Chinese government say the spacecraft landed on the moon on Tuesday to bring back lunar rocks to Earth for the first time since the 1970s. (China National Space Administration/Xinhua via AP)

A Chinese spacecraft lifted off from the moon Thursday night with a load of lunar rocks, the first stage of its return to Earth, the government space agency reported.

Chang’e 5, the third Chinese spacecraft to land on the moon and the first to take off from it again, is the latest in a series of increasingly ambitious missions for Beijing’s space program, which also has a orbiter and rover headed to Mars.

The Chang’e 5 touched down Tuesday on the Sea of Storms on

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Chinese Smartphone Maker Xiaomi Sets Hong Kong Top-Up Record

Chinese mobile phone maker Xiaomi has raised US$3.9 billion in Hong Kong’s largest-ever top-up share sale. The company is looking to raise cash to allow it to expand at a time it is winning business away from rival Huawei Technologies.

Xiaomi shares, listed as HK:1810 with a U.S. ADR XIACY, were briefly suspended in morning trading Wednesday in Hong Kong. Details of the offer were announced at lunchtime, a weird break from the normal after-the-close practice.

The shares fell as much as 12% but recovered to a 7.1% loss by the close, not quite matching the 10% discount of the new shares. Xiaomi was the most active stock traded in Hong Kong, helping drag the benchmark Hang Seng index down 0.1% for the day.

Xiaomi in the third quarter became the world’s third-largest smartphone seller, with 13% of the market last quarter, according to Counterpoint Research. Its 46.2 million units

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Chinese smartphone maker Xiaomi raises $3.9 billion in equity deal – term sheet

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp has raised $3.91 billion as part of a deal that includes Hong Kong’s largest top-up placement, according to a term sheet seen by Reuters.

FILE PHOTO: People are silhouetted in front of Xiaomi’s logo at a venue in Beijing, May 10, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Potential investors have been told the price should be HK$23.70 for the 1 billion shares that are being sold down in the deal, the term sheet showed.

The price is at the lower end of the range flagged by the company on Tuesday when it said the deal would be between HK$23.70 and HK$24.50.

At HK$23.70, the placement would raise $3.06 billion.

A convertible bond deal to raise $855 million was also finalised Wednesday, according to the term sheet, to take Xiaomi’s total raising to $3.91 billion.

Xiaomi’s deal is the largest top-up placement in Hong

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Chinese smartphone brands impress with after sales services: Survey

Contrary to the general perception that after sales service is still the Achilles Heel for most smartphone brands, 80% people participating in a survey by Counterpoint Research said they were satisfied with the after-sales service experience of their smartphone brands.

In addition, the survey found that Indians spend 2,400 on an average on servicing of out-of-warranty smartphones. Most of the service issues were related to charging, software and display.

The findings of the survey are based on interviews of over 1,000 users based in Kolkata, Bengaluru, Chennai, Noida and Ahmedabad who had their phone repaired at an authorised service centre. However, the survey doesn’t include users from two major cities, New Delhi and Mumbai.

According to the survey, Chinese brands impressed overall with their after sales service. Oppo, with 93% satisfaction rate (percentage of users who rated the experience as very good or excellent), led the pack with Vivo

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U.S. To Add Chinese Oil Driller To List Of Firms Barred From Receiving American Investments: Report

The Trump administration is set to add major Chinese offshore oil and gas producer CNOOC, plus three other large Chinese firms, to a list of companies barred from receiving American investments because of their alleged ties to China’s military, according to a report by Reuters that cited documents and three officials. 

CNOOC — short for China National Offshore Oil Corporation — is China’s third-largest oil and gas company and its main offshore explorer, having brought in more than $30 billion in revenue in 2019. 

Its inclusion on the blacklist caused its Hong Kong-listed shares to tumble 14% on Monday. Not only are US investors responsible for a large chunk of the company’s more than $360 billion in value on the Hong

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5G Propels the Future of An Ancient Chinese Town

In many ways, a walk around the Old Town of Lijiang, China, takes visitors back to the experience of what life was like here at its founding more than 1,000 years ago. Renowned as a UNESCO World Heritage Site, the Dayan Old Town’s orderly system of waterways and bridges established this trading town and still serves as an artery to keep progress flowing today.

But a powerful modern technology recently joined the ancient roots still growing in this city of more than 1 million people: 5G. These days you can spot cutting-edge operator-less sweepers and patrol vehicles in Lijiang. The technology powering these vehicles illustrates the partnership between Lenovo and Lijiang on 5G, part of the Lijiang Ancient Town 5G Application Demonstration Project.

As you can imagine, the intense flow of people puts a lot of pressure on managing this ancient town. Cleaning, patrolling, and providing dining services to the

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US sanctions Chinese, Russian firms over Iran dealings | China

Secretary of State Mike Pompeo accuses the four firms of ‘transferring sensitive technology and items’ to Iran’s missile programme.

The United States on Friday announced economic sanctions on Chinese and Russian companies that Washington said had supported the development of Iran’s missile programme.

The four firms, accused of “transferring sensitive technology and items to Iran’s missile programme”, will be subject to restrictions on US government aid and on their exports for two years, Secretary of State Mike Pompeo said in a statement.

The sanctions, imposed on Wednesday, were against two Chinese-based companies, Chengdu Best New Materials and Zibo Elim Trade, as well as Russia-based Nilco Group and Joint Stock Company Elecon.

“We will continue to work to impede Iran’s missile development efforts and use our sanctions authorities to spotlight the foreign suppliers, such as these entities in the PRC (China) and Russia, that provide missile-related materials and technology to Iran,”

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Chinese education technology group 17 Education & Technology Group sets terms for $288 million US IPO

17 Education & Technology Group, which provides online K-12 tutoring services in China, announced terms for its IPO on Friday.

The Beijing, China-based company plans to raise $288 million by offering 27.4 million ADSs at a price range of $9.50 to $11.50. New investor China Pinnacle Equity Management plans to purchase $80 million worth of ADSs in the offering. At the midpoint of the proposed range, 17 Education & Technology Group would command a fully diluted market value of $2.2 billion.

17 Education & Technology’s smart in-school classroom solution delivers data-driven teaching, learning, and assessment products to teachers, students, and parents across 70,000+ K-12 schools. The company covered approximately 56% of the primary schools, 60% of the middle schools, and 7% of the high schools using smart in-school classroom solutions in China in the 1H20.

17 Education & Technology Group was founded in 2012 and booked $152 million in revenue

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Chinese New Energy Vehicle Companies Begin to Step up Efforts to Occupy the Fuel Market Share

Press release content from Accesswire. The AP news staff was not involved in its creation.

GUANGZHOU, CHINA / ACCESSWIRE / November 27, 2020 / In recent years, the new energy vehicle sector has been developing at a fast clip worldwide. Except for the Nordic countries and the U.S. that took the lead in proposing de-fueling, there is no denying that China is playing an indispensable role in such a trend and has become the focus. As the result of the policy support from the Chinese government, new energy vehicles see a momentum of rapid growth in China, and has triggered the country to become the world’s largest market. Many Chinese local companies are ambitiously planning to tap the enormous “gold mine”.

Interestingly, as technology advances and costs fall, Chinese carmakers seem to adopt creative market expansion strategies: they not only focus on the competition in new

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Understanding traditional Chinese medicine can help protect species — ScienceDaily

Demystifying traditional Chinese medicine for conservationists could be the key to better protecting endangered species like pangolins, tigers and rhino, according to University of Queensland-led researchers.

UQ PhD candidate Hubert Cheung said efforts to shift entrenched values and beliefs about Chinese medicine are not achieving conservation gains in the short term.

He said a better understanding of traditional practices was critical for conservationists to form more effective strategies.

“The use of endangered species in traditional Chinese medicine threatens species’ survival and is a challenge for conservationists,” Mr Cheung said.

“Pushing messages of inefficacy, providing various forms of scientific evidence or promoting biomedical alternatives doesn’t seem to be drastically influencing decisions and behaviours.

“And, although many practices and treatments continue to be criticised for lacking scientific support, the World Health Organization approved the inclusion of traditional Chinese medicine in its global compendium of medical practices last year.

“The challenge now is

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