Xiaomi, through its subsidiary Xiaomi H.K. Ltd, announced it has raised $1 billion in debt financing from 18 banks across Europe, the Middle East, India, China, Hong Kong, and Taiwan, with Deutsche Bank and Morgan Stanley coordinating the three-year loan arrangement. The Chinese tech giant, a popular smartphone brand across a number of countries in Asia, […]
NYS Entity Status
NYS Filing Date
JUNE 10, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - KAC ENTERPRISES LTD
AROUND THE WEB
- Xiaomi secures $1 billion loan from 18 banks to drive its global retail efforts
By Paul Sawers - Friday Jul 28, 2017
- China clamping down on use of VPNs to evade Great Firewall
By JOE McDONALD, AP Business Writer - Thursday Jul 20, 2017
BEIJING (AP) — China is tightening control over foreign companies' internet use in a move some worry might disrupt their operations or jeopardize trade secrets as part of a crackdown on technology that allows web surfers to evade Beijing's online censorship.In a letter to corporate customers seen by The Associated Press, the biggest Chinese internet service provider says virtual private networks, which create encrypted links between computers and can be used to see sites blocked by Beijing's web filters, will be permitted only to connect to a company's headquarters abroad.The letter from state-owned China Telecom Ltd. says VPN users are barred from linking to other sites outside China, a change that might block access to news, social media or business services that are obscured by its "Great Firewall."Authorities have tried to reassure companies they won't be affected, but if the rules in the China Telecom letter are enforced, they could hamper activity ranging from gathering information for business deals to employees working on business trips.A Western diplomat who asked not to be identified further due to the sensitivity of the issue said companies have told his government they worry the controls might lead to weaker data security and trade secrets being leaked to Chinese competitors.[...] companies increasingly limit VPN access to employees such as media managers "with a critical business need" to see a banned website, according to Jake Parker, vice president of China operations for the U.S.-China Business Council."Foreign trade enterprises and multinational companies that need a cross-border line for their own office use can lease one from an authorized telecoms enterprise," said the statement.
- Shelf raises $2.2 million to help companies find relevant content
By Bérénice Magistretti - Wednesday Jul 26, 2017
EXCLUSIVE: Shelf, which provides software to centralize a company’s content onto one platform, launched out of of closed beta today and announced a $2.2 million seed round. SeedInvest, CT Innovations, and NY Angels all participated. The startup helps companies sort their content and organize digital resources by integrating with browsers like Firefox and Chrome or syncing […]
- In Urban China, Cash Is Rapidly Becoming Obsolete
By PAUL MOZUR - Sunday Jul 16, 2017
Across the country's cities, the rapid growth of mobile payments is making cash all but obsolete.
- Alibaba and Tencent Set Fast Pace in Mobile-Payments Race
Friday Sep 22, 2017
China’s online juggernauts Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are beating Silicon Valley in the race to build mobile-money systems in some of the world’s fastest-growing consumer markets.