Upon orders from the People’s Bank of China (PBOC), financial institutions are beginning to institute restrictions on client accounts to prevent them from taking part in transactions involving bitcoin and litecoin. China Construction Bank confirmed Wednesday on its website that it … [Read more...]
Report: Apple Inc. (AAPL) gains 1 million Chinese subscribers in February
Apple Inc. (NASDAQ:AAPL) made its first major foray into the Chinese telecommunications market in January 2014 via a pact with China Mobile, and a report issued today indicates that no less than a million new Middle Kingdom subscribers opted for iPhones in February. The report was … [Read more...]
Apple Inc. (AAPL) taking a bite out of Samsung’s China territory
Apple Inc. (NASDAQ:AAPL) revealed a significant jump in China Mobile's January 3G subscriptions compared to the previous month, which was due entirely to new sales of iPhones by the Chinese telecommunications titan. According to the information that Apple provided to its investors in … [Read more...]
