Drugmaker Mundipharma International, owned by the billionaire Sackler family, has failed to find a buyer for its China unit for the second time in a renewed sale process this year, two sources with …
BUSINESS
China electric vehicle giant BYD’s first-half profit jumps 24.4%
Chinese electric vehicle giant BYD reported a 24.4% rise in first-half net profit on Wednesday despite faltering spending on big-ticket items in the world’s largest automobile market.
China’s state media: Canada is ‘shooting itself in the foot’ with new EV tariffs
China’s state media has criticized Canada over its decision to impose over 100% import tariffs on Chinese electric vehicles, using bolder language than the nation’s official government response.
Revolutionizing Financial Risk Management with Blockchain and Deep Learning
Researchers from Tongling University developed a model that combines blockchain and deep learning to enhance the security and accuracy of financial data sharing and risk identification in enterprises.
China’s Nvidia wannabe, Tencent-backed AI chip start-up EnFlame, flags IPO intention
Founded by two former employees at US semiconductor giant Advanced Micro Devices in March 2018, Enflame is among a group of Chinese graphics processing unit (GPU) developers hoping to take advantage …
Two more Chinese airlines to start flying China-made COMAC C919 jet
Air China and China Southern Airlines will become the second and third Chinese carriers to fly China’s homegrown COMAC C919 passenger jet when their first planes are delivered on Wednesday, state-run Chinese Central TV said.
Sports brands in China turn in uneven performance despite Olympic year
A bright spot in the first half was Anta Sports Products, one of the largest homegrown Chinese brands. The company on Tuesday evening said its interim revenue grew 13.8% on the year to 33.73 billion…
Prudential New Business Profit Falls 1.4%, Led by China, HK
Prudential Plc reported a 1.4% drop in new business profit for the first half, hit by slower sales in mainland China, Hong Kong and Indonesia.
India’s Reliance on Chinese Imports Continues to Grow in First Half, Report Says
China remained India’s largest importer in the six months ended June 30, with imports rising 8.4 percent to USD50.1 billion from a year earlier and the trade deficit reaching USD41.6 billion, the …
China’s two richest people lose billions in consumer stock rout
China’s top billionaires saw their combined wealth drop by more than $18 billion due to massive stock selloffs in major consumer firms. This reflects
China’s Xpeng Motors planning EV production in Europe
Chinese electric vehicle maker Xpeng Motors is in the early stages of researching where it can build a production facility in the European Union as part
Chinese smartphone brand Realme targets 100 million AI handset shipments in 3 years
The Oppo spin-off is using limited AI features in affordable smartphones to target young consumers, according to CEO Sky Li.
China’s medical-device makers look overseas for exports to cure to ailments at home
China’s exports of surgical robots and artificial joints are taking market share from the likes of syringes, needles and gauze, with the US the largest destination.
