China’s Didi Reports First-Quarter Revenue up 8.5% BEIJING (Reuters) -Chinese ride-hailing company Didi Global on Thursday reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion …
Monthly Archives For June 2025
China offers cash rewards for hackers it says are Taiwanese military
BEIJING (Reuters) -Authorities in southern China announced on Thursday they were offering rewards of more than $1,000 for the arrest of 20 people they say are Taiwanese military hackers, drawing an …
China’s Didi Q1 revenue rises 8.5% as recovery gains pace
Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan ($7.42 billion) on Thursday, as its recovery from a regulatory overhaul of …
China’s rare earth restrictions halt first auto industry production lines
The auto industries in both the US and Europe could come to a standstill within weeks thanks to China’s ongoing restrictions on exports of rare earth minerals and magnets. Several European car part …
China warns BYD, rivals to self-regulate as price war heats up
BEIJING] Chinese officials summoned the heads of major electric vehicle makers, including BYD, to Beijing earlier this week to address concerns about the long-running price war, according to people …
Beijing warns the EU to stop ‘provoking trouble’ in the South China Sea
The warning from China’s embassy in the Philippines follows criticism from a top EU official about Beijing’s conduct.
China’s overseas income tax global crackdown expands beyond ultra-rich
Chinese authorities are seeking to boost fiscal income and narrow a record budget deficit as Beijing has ramped up stimulus to counter US tariffs …
Citigroup lays off 3,500 tech staff in China
Citigroup has laid off 3,500 technology staff in mainland China as part of the bank’s push to cut costs and streamline its global operations amid a broader turnaround effort. The cut affects a …
Citi Cuts Tech Staff in China, Presses on With Brokerage Plan
Citigroup will reduce its technology workforce in China by about 3,500 as part of ongoing restructuring to streamline global operations.
Transcript: What drives China’s strongman leader?
This is an audio transcript of the Rachman Review podcast episode: ‘What drives China’s strongman leader?’ Gideon Rachman Hello, and welcome to the Rachman Review. I’m Gid …
Hong Kong Set to Allow Crypto Derivatives Trading
Hong Kong’s securities regulator plans to allow professional investors to trade crypto derivatives, expanding the territory’s virtual asset market. The crypto derivatives market is significantly …
China’s $50B Airbus Power Play Deals Crushing Blow to Boeing in Tariff War Standoff U.S. Aviation
China is preparing to make a massive purchase of airplanes from Airbus, one of Europe’s biggest aircraft manufacturers. The potential order could include up to 500 aircraft, which would make it one of …
China issues warrants for alleged Taiwanese hackers and bans a business for pro-independence links
China issued warrants Thursday for 20 Taiwanese people it said carried out hacking missions in the Chinese mainland on behalf of the island’s ruling party, while separately banning dealings with a …
