Venture funding, opening research labs and bringing new brands to the market aim at boosting competition with homegrown companies.
BUSINESS
Chinese companies showcase newest products and achievements at brand exhibition
Domestic companies have adopted rich formats to showcase the latest technological breakthroughs at the 7th annual China Brand Day event, which opened on Wednesday. The Exposition on China Indigenous …
Big U.S. firms adopt cautious tone on China recovery
Several U.S. companies, including PepsiCo, Qualcomm and Cummins, struck a cautious note on their growth prospects in China, blaming what they said was a slower-than-expected recovery after the country …
China’s Latest Crackdown Will Spook Global Investors
China’s launch of a nationwide“anti-spy crackdown” on consulting firms will be a major concern for global investors who were just starting to consid …
Hong Kong Warns ‘Regulations Will Be Tight’ As It Opens Doors To Crypto Companies In June
Hong Kong has had very tight cryptocurrency regulations over the past few years, but these have reportedly been reduced to a much lower, “reasonable and sustainable level.
Chinese chipmaker plans IPO after clearing US curbs
The firm plans to steer clear of US curbs by using equipment that churns out more rudimentary chips, helping to shore up plans for a listing in Shanghai that will fund a “major expansion”, the…
Chinese ChatGPT rival Mobvoi picks banks for US$300 million Hong Kong IPO, sources say
Mobvoi, a Chinese artificial intelligence company and smart device maker has selected banks for a Hong Kong initial public offering that could raise about US$200 million to US$300 million, according …
ChatGPT-like Mobvoi said to have picked banks for US$300m HK IPO
Mobvoi, a Chinese artificial intelligence (AI) company and smart device maker, has selected banks for a Hong Kong initial public offering (IPO) that could raise about US$200 million to US$300 million …
Lighthouse factories push Made in China into new development stage
Made in China is now entering a new stage of development, as the country beefs up its push to pursue industrial upgrades and intelligent manufacturing. China now dominates on the Global Lighthouse …
Chinese ChatGPT Rival Mobvoi Picks Banks for $300 Million Hong Kong IPO, Sources Say
Mobvoi, a Chinese artificial intelligence company and smart device maker, has selected banks for a Hong Kong initial public offering that could raise about $200 million to $300 million, according to …
Taiwan ambassador: China a threat but island still open for business
Taiwan’s democracy is confronting both military and “gray zone” information warfare threats from China and is adopting asymmetric weapons to defend itself, the country’s unofficial ambassador to the United States said in an interview.
LinkedIn Scales Back in China and Cuts Over 700 Jobs as Tech Industry Struggles Continue
Amidst challenging macroeconomic climate and tech industry layoffs, LinkedIn plans to shut its InCareer app in China and cut 716 jobs, while Silicon Valley’s housing market cools down as demand wavers.
China’s imports keep falling, in a sign of sluggish economic growth
Sluggish imports into China suggest that domestic demand in the People’s Republic continues to struggle.