China-based robotaxi company Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, pricing its American depositary shares at $13 each.
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China’s mobile phone shipments up 1.8% in October
BEIJING – China’s mobile phone shipments rose 1.8 percent year-on-year in October 2024 to over 29.67 million units, according to the China Academy of Information and Communications Technology (CAICT).
China’s move to centralise oversight of financial sector shouldn’t be feared
Stronger party control over the financial sector will allow the building of a more cohesive framework for further orderly decentralisation In 2017, at its highest-level financial work conference, …
Foreign smartphone sales in China drop 44.25% in Oct, data shows
Sales of foreign-branded smartphones, including Apple Inc’s iPhone, in China fell 44.25% in October year-on-year, according to data released on Wednesday from a government-affiliated research firm.
‘Shadow-chasing’: China on FT report that its defence minister is being probed for corruption
Chinese Foreign Ministry spokesperson Mao Ning called the FT report ‘just shadow-chasing’ which cited US officials as saying that China’s Defence Minister Dong Jun has been placed under investigation …
Volkswagen Sells Plant In China’s Xinjiang Region After Years Of Forced Labor Allegations
Earlier this year, the U.S. blocked imports of several Porsche, Bentley, and Audi vehicles amid concerns that they contained a Chinese-made part that violated U.S. forced labor laws.
Hong Kong research using sewage to detect Covid-19 could track other diseases
HKU researchers say sewage surveillance technology first developed with Health Bureau funding now used by about 100 cities in mainland China.
Int’l leaders urge stronger supply chain cooperation at Beijing expo
International political figures and business leaders gathered on Tuesday at the opening of a supply chain expo in Beijing, calling for enhanced cooperation to better face global challenges amid rising …
Volkswagen Says It Is Exiting China’s Xinjiang Region After 12 Years
Nov. 27, 2024, 3:21 a.m. ET Volkswagen said on Wednesday that it was disposing of its stakes in its facilities in northwestern China’s Xinjiang region, exiting an area now known for China’s crackdown on predominantly…
China Is Bombarding Tech Talent With Job Offers. The West Is Freaking Out.
Chinese companies are trying to poach engineers in high-tech Western industries by offering to triple their salaries as Beijing seeks to catch up with Silicon Valley in the battle for tech supremacy.
China calls report that Defence Minister Dong Jun is under probe ‘shadow-chasing’
China’s foreign ministry, responding to a question about a report saying the Chinese Defence Minister Dong Jun has been placed under investigation for corruption, said on Wednesday that it was “just …
China Firms’ FX Debt Slump Cuts Yuan Risks as Trump Tariffs Loom
Chinese companies’ foreign-currency debt load has shrunk significantly, reducing a key source of vulnerability as the yuan faces growing uncertainties under Donald Trump’s second presidency.
China’s Steelmakers Narrow Losses But Conditions Still Bleak
Chinese steelmakers narrowed losses in October, after the government’s efforts to stimulate the economy encouraged more production and helped raise prices.
