ZTE reached a new agreement with property developer China Vanke Co. Ltd. regarding its Shenzhen Bay Super Headquarters Base project. According to Caixing, a Chinese business journal, ZTE has granted more operational rights to Vanke in exchange for 3.54 billion yuan (US $510 million), which is the amount that ZTE paid in 2017 to acquire the land.
Caixing: ZTE Seeks to Cash Out of Shenzhen Property Project
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From the Technology Graveyard
You just read about All. A technology from the archive that helped get us here:
Google/Alphabet Project Loon served 2011–2021. What ultimately replaced it?
Google/Alphabet Project Loon solar-powered balloons drifting in the stratosphere (~20 km), steering by rising and falling into different wind layers, relaying LTE from ground stations to phones far below. Its job passed to Unit economics — but the problem it solved, and the ideas it proved, live on in what replaced it. The standard rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
On this day
July 14From 25 years of the Converge Digest archive.