Steve LaValle, the former chief scientist for Oculus, has confirmed that he will join Huawei as the chief scientist of Virtual, Augmented and Mixed reality - VR/AR/MR - in charge of global research and product development.China’s Huawei, a leading telecom equipment maker based in Shenzhen, is now expanding into the VR/AR markets.Oculus, a famous VR equipment maker, was acquired by Facebook in 2014.Steve LaValle started working with Oculus VR in September 2012, and was chief scientist of Oculus till January 2015.LaValle said Huawei is a global business company, and China’s VR/AR market is burge...
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2017
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China on Sunday launched its first freight train to London, the China Railway Corporation said.Departing from Yiwu West Railway Station in eastern Zhejiang Province, the train will travel for about 18 days and more than 12,000 kilometers before reaching its destination in Britain.Yiwu is known for producing small commodities, and the train mainly carried such goods, including household items, garments, cloth, bags and suitcases. It will pass through Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France before arriving in London.London is the 15th city in Europe added to China-Europe...
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2017
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The Yanfang line, Beijing’s first driverless subway line connecting the city’s southwest suburbs to its central urban district started its first pilot run on Wednesday morning.It is also the capital city’s first subway line that is fully automatic, and fully equipped with domestic technology.The line is expected to officially open to citizens at the end of next year.The difference between the driverless subway line and the ordinary line is that the driverless technology allows the subway train to automatically complete all running procedures, including traveling, dormancy, awakening, opening a...
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2017
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Ant Financial, Alibaba Group’s financial service affiliate, announced on Tuesday that it has teamed up with 352 cities in 25 provinces to facilitate government-backed smart city projects, which its rivals - Baidu Inc and Tencent Holdings - also have their eyes on.Ant Financial aims to offer cities a one-stop solution, including the establishment of credit systems and mobile public services, to advance the construction of new smart cities, said Ant Financial CEO Jing Xiandong during the China New Smart Cities Summit in Beijing on Tuesday.Jing highlighted Ant Financial’s achievements in mobile p...
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2016
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China’s banking regulator on Tuesday gave approval to five new private banks, bringing the total number of private lenders to 16.The five banks will be in Beijing, Jiangsu, Jilin, Liaoning and Shandong, according to the China Banking Regulatory Commission (CBRC)website.Each of the banks will be co-sponsored by at least two private capital providers.Notably, two of them will be headquartered in China’s northeast rustbelt region -- Liaoning, Jilin and Heilongjiang provinces -- a traditional industrial base bearing the brunt of the country’s economic slow down.A document issued by the State Counc...
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2016
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