World Cup 2018, brought to you by China
Top business and technology news for April 7, 2017. Part of the daily The China Projectย news roundup "Trump and Xi have โdeveloped a friendship.โ"
The scandal-hit international governing body of soccer, the Fรฉdรฉration Internationale de Football Association (FIFA), has recently found financial relief thanks to Chinese sponsors. The Financial Timesย reportsย (paywall) that the consumer electronics group Hisense (ๆตทไฟก้ๅข hวixรฌn jรญtuรกn) yesterday signed an agreement to sponsor FIFAโs 2018 World Cup for around $100 million. Hisense is the second major Chinese company to partner with FIFA. Dalian Wanda, the real estate and entertainment conglomerate run by billionaire Wang Jianlin, agreed last monthย to sponsor the next four World Cups.
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Even amid trade tensions, Ford pushes pickup trucks in Chinaย / NYT (paywall)
Ford found that โBuilt Ford Toughโ needs no translation in Chinese, and plans to roll out premium vehicles with the tagline in China this spring. - China court orders Samsung units to pay $11.6 million to Huawei over patent caseย / Reuters
- The country where 70 percent of millennials are homeownersย / BBC News
