New stealth fighter could de­feat F-35, AVIC chief says

China Daily (Canada) - - BUSINESS -

The coun­try’s lat­est stealth fighter would be able to “fin­ish off” a US F-35 in head-to­head com­bat, the chair­man of its man­u­fac­turer said. The J-31, de­vel­oped by the Shenyang sub­sidiary of Avi­a­tion In­dus­try Corp of China, known as AVIC, will ap­peal to “cost con­scious” global cus­tomers, AVIC Chair­man Lin Zuomin said in a re­cent in­ter­view with State broad­caster CCTV. On be­ing asked about the J-31’s com­bat abil­ity com­pared to the F-35 Joint Strike Fighter, Lin said: “The J-31 will fin­ish it off in the sky.” The J-31 made its de­but last month at the Zhuhai Air Show and is China’s ver­sion of the so-called fifth-gen­er­a­tion fight­ers such as the F-35 that are less vis­i­ble to in­frared sen­sors and can cruise at su­per­sonic speeds. Novem­ber, VC mar­ket watcher Zero2IPO said onWed­nes­day. Dur­ing Novem­ber, the funds, bar­ring one, col­lec­tively raised $57.2 bil­lion, 10.86 times that of Oc­to­ber and 18.36 times that of the same pe­riod last year, said Zero2IPO. Among the new funds, 35 were ren­minbi funds, of which 34 dis­closed that they raised $5.79 bil­lion in to­tal, ac­count­ing for 10.1 per­cent of the to­tal raised by VC/PE funds in Novem­ber. Six of the funds were for­eign cur­ren­cy­de­nom­i­nated ones and they raised $51.38 bil­lion in to­tal, ac­count­ing for 89.9 per­cent of the monthly to­tal. Bank Corp, will team up with Ten­cent Hold­ings Ltd to re­lease its

smart­phone game in China. The ti­tle, which com­bines puz­zles with role play­ing, would be GungHo’s first in the world’s big­gest smart­phone mar­ket. Shen­zhen­based Ten­cent also is work­ing with cre­ators of the and

ti­tles on games for the 1 bil­lion users of it­sWeChat and QQ mes­sag­ing ap­pli­ca­tions. GungHo Pres­i­dent Kazuki Mor­ishita is look­ing abroad to build on the do­mes­tic suc­cess of which was the top game by sales on both Ap­ple Inc’s iTunes and Google Inc’s Play Ja­pan stores last year.

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