Shares of Arm , the British chip design company founded in 1990, will begin trading in New York for the first time after being taken private by SoftBank in 2016. Arm licenses its proprietary chip…
BUSINESS
China’s southern export hub steps up talent hunt as Dongguan dangles US$70,000 cash, US$1.4 million housing subsidy
China’s southern export hub of Dongguan will offer a home-purchase subsidy of up to 10 million yuan (US$1.37 million) in an attempt to lure talent, as the city seeks to upgrade advanced industries.
Explainer-What Is Driving Chinese EV Exports and Their Price Competitiveness?
The single largest exporter is Tesla, accounting for 40% of China’s EV exports between January and April, U.S. thinktank the Center for Strategic and International Studies says. Popular Chinese brands …
China’s Moutai Launches Boozy Chocolates With Dove in Diversification Drive
Though details of the price of the upcoming liquor-infused chocolates Moutai is releasing with Dove haven’t been released yet, the Moutai-infused Luckin lattes were made available for as little as 19 yuan with coupons and…
A Saudi Defense Contractor Courted Russia and China. Then, Its U.S. Business Partners Fled
Failed talks between RTX and a Saudi defense firm show the kingdom’s difficulties in establishing its own military industry.
China Conjures a Glut of Coal as Record Imports Swell Supply
This time last year, Chinese coal prices were soaring as power plants scrambled for supplies after an historic drought caused hydropower output to collapse.Most Read from BloombergCaesars Entertainmen …
Hainan sees total import, export value of goods up in first 8 months
The total import and export of goods in south China’s Hainan Province hit 152.07 billion yuan (about 20.89 billion U.S. dollars) in the first eight months of 2023, up 21.8 percent year on year, …
Chinese brands should go global but stay local
Chinese SMEs actually enjoy an inherent advantage against their larger, domestic and foreign competitors in terms of brand. Adding local elements and local flavor to an MSME brand is often much easier than it is…
China’s Tuhu to raise up to $150 mln in Hong Kong IPO starting Thursday – sources
Tuhu, which is backed by Tencent, Carlyle Group and Sequoia China, has been considering a listing for more than two years and initially planned a U.S. share sale. The firm had considered a U.S. IPO…
Europe Is Provoking China With Its Probe Into Electric-Car Aid
If a surge in government support for strategic industries risks fueling a global subsidy war, then the European Union may have just sparked one of its biggest battles.
Renault, Stellantis Could Benefit From Possible EU China Tariffs; BMW, Mercedes Victims
Renault and Stellantis would gain if the EU imposed tariffs on Chinese electric car imports, but BMW and Mercedes might suffer, according to a Bernstein report.
Apple iPhone Event Sized Up By 7 Analysts: ‘Brand Trumps Products,’ But China, Upgrade Concerns Remain
Technology giant Apple Inc (NASDAQ: AAPL) unveiled the highly anticipated iPhone 15 and several other product updates at its Wonderlust event on Tuesday.
China Clarifies That Foreign Phone Brands Has Not Been Banned
stated during a regular press briefing that China had not issued any laws, regulations, or policy documents forbidding the purchase and use of foreign brand phones like Apple’s. She highlighted that the Chinese government treats…