China’s largest ride-hailing company Didi Global fell to a first-quarter net loss after two consecutive quarters of profit, the company said on Wednesday. Didi reported a net loss attributable to …
Monthly Archives For May 2024
Didi’s Sales Sustain Growth Prior to Renewed IPO Bid
Didi Global Inc.’s revenue rose 15% in the March quarter, as China’s leading ride-hailing provider sustained a recovery on strong domestic demand.
China’s Geely to launch hybrids with more fuel-efficient engines
China’s Geely Holding Group (GEELY.UL) on Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine.
China to invest more than $830 mln in solid-state battery research -source
China plans to invest more than 6 billion yuan ($830 million) in a government-led project to develop solid-state batteries with six firms eligible for state funding to work on the next-generation …
Debate Over Biden’s China Policy: Why Some Allies Disapprove of His Latest Move
While the monetary value of the affected goods stands at around $18 billion, the true impact of Biden’s move extends far beyond mere dollar amounts. The essence of Biden’s policy lies in its …
China EV wars: BYD mounts ‘big challenge’ to petrol-guzzling rivals with its new fuel-efficient hybrid technology
The world’s bestselling EV builder, backed by Warren Buffett’s Berkshire Hathaway, said two brand new models to be fitted with the new technology will become pioneers that help propel a transition to …
China science, technology news summary — May 29
BEIJING, May 29 (Xinhua) — The following is a summary of published science and technology news of China. Shenzhou-18 crew members on board China’s orbiting space station completed the first spacewalk …
China Unveils Rifle-Toting Robot Dogs For Military Drills, Prompting Comparisons To ‘Black Mirror’
China, a leading drone exporter, imposed export controls on drone technology last year to “safeguard national security and interests,” according to CNN. Furthermore, last week, China conducted …
IMF upgrades its forecast for China’s economy, but says reforms are needed
The International Monetary Fund has upgraded its forecast for China’s economy, while warning that reforms are needed to sustain growth …
China launches $47B semiconductor fund to counter US supremacy
Christened the China Integrated Circuit Investment Fund Phase III, the investment in this phase is the largest yet.
China’s State-Backed Fund Aims to Propel Tech Self-Sufficiency with $47.5 Billion Investment
China has established a $47.5 billion state-backed fund as its third and largest phase of investing in the semiconductor industry. The “Big Fund” involves contributions from six major state banks …
China-UK green cooperation: a promising future
As major economies, China and the UK have significant influence in promoting green transition. Green cooperation between the two countries has huge potential in the eyes of industrial players and …
IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
The International Monetary Fund has upgraded its forecast for China’s economy, while warning that reforms are needed to sustain growth.
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