Chinese smartphone maker Xiaomi reported a 10.9% rise in fourth-quarter revenue on Tuesday, boosted by strong smartphone sales in an industry showing signs of recovery.
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China’s Xiaomi Q4 2023 revenue rises 11%, beats estimates
Focus sharpens on China’s tech
The House-passed measure designed to force China’s ByteDance to divest TikTok is only part of an expanding effort aimed at curtailing China’s tech ties to the United States. As lawmakers were …
Is TikTok different in China? Here’s what to know
More noticeable differences between TikTok and Douyin arise when the respective apps are looked at through the lens of young users, some experts said. In the U.S., children experience the same version …
The Western Companies Plowing Billions Into China
From LEGO to American Express, see the famous Western firms that are investing in new factories and stores across China.
China Releases Action Plan To Attract Foreign Investment
China’s State Council released an action plan to further … and loosen visa rules, to make doing business easier in the world’s second-largest economy.
Beijing says Evergrande and its tycoon founder committed a $78 billion fraud. That would rank it as one of the biggest financial frauds ever.
Beijing has accused Evergrande of inflating revenue by $78 billion in 2019 and 2020.Regulatory authorities have fined Evergrande’s founder and banned him from the securities market for life.The …
Hong Kong Adopts Sweeping Security Laws, Bowing to Beijing
The legislation targets “external interference” and the theft of state secrets, with implications for businesses, journalists, civil servants and others.
China Is Growing Old Before It Gets Rich: Economist
Beijing’s sunny economic forecast this year belies the difficulty of escaping the middle-income trap, a Chinese analyst says.
China’s Ant Group appoints new president in biggest reshuffle since regulatory revamp
Han Xinyi will become president of China’s Ant Group and some units of the financial technology company will set up their own boards of directors to operate more independently, according to a source …
Exclusive-Fidelity International plans to cut 16% of China fund unit jobs, sources say
Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said, a reduction that coincides with a downturn in China’s …
Korean carriers expand routes to China as demand returns to pre-pandemic levels
The figure represents an increase of 867.9 percent from February of last year, when only 105,224 passengers flew the same route. The recovery rate from February 2019, before the onset of Covid-19, …
Taiwan Slams Russia’s Putin for Backing China’s Territorial Claim
Taiwan has slammed comments from Vladimir Putin supporting China’s territorial claims. In a statement that drew immediate backlash, the Russian president on March 18 endorsed China’s claims over …
China Slowdown Weighs On February Swiss Watch Exports
The 3.8 percent slump was driven by China and Hong Kong’s steep drops, which were not offset by moderate growth in other top markets including the U.S.
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