Xiaomi’s first EV, the $30,000 Speed Ultra 7, sold out within a day of its March launch, but isn’t expected to break even for a while.
Tagged By beijing
US charges Chinese dissident with allegedly spying for Beijing
US prosecutors have filed criminal charges against a Chinese dissident living in the US, accusing him of being an agent of Beijing’s intelligence service. Yuanjun Tang, 67, was arrested on Wednesday in the New York…
Japanese sushi train restaurant opens Beijing outlet
Sushiro, a popular Japanese sushi train restaurant, opened its first outlet in Beijing at downtown Xidan Joy City on Wednesday, adding to its more than 40 restaurants on the Chinese mainland. Sushiro, which aims to…
China’s Didi bounces back from losses caused by Beijing’s crackdown on internet services as it prepares IPO in Hong Kong
Didi Global Inc. swung to a profit in the June quarter, a welcome boost for the company as it prepares for a potential re-listing in Hong Kong.
Walmart’s Doing So Well in China It Doesn’t Need JD.com Anymore
Walmart Inc. is flying so high on the strength of its Chinese operations that it’s exited a long-time local partnership, an outlier in a consumer landscape that’s increasingly hostile to foreign brands.
China Evergrande subsidiary dealings raises prospects for offshore creditors
Offshore creditors of China Evergrande might be able to increase their chance of recovering funds if they can prove the property developer is due money from onshore subsidiaries, to which they would therefore be entitled,
Reactions to China’s anti-subsidy probe on EU dairy imports
China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc’s revised tariff plan for electric vehicles made in the Asian giant. Wednesday’s inquiry …
One woman’s custody battle highlights the challenges facing same-sex couples in China
It’s been more than four years since Zhang Peiyi last saw her son, one of two children from her former marriage. Denied custody of both kids, Zhang finally settled in June for visitations with her…
The Navy’s Newest Submarine Is Finally Here—and It’s Still No Match for China
The USS Idaho, the U.S. Navy’s latest Virginia- class attack submarine, officially launched last week after taking seven years to build. The Navy is going to need more submarines to rival China’s naval buildup but…
China’s WeRide Delays US IPO Just as Deadline Nears
WeRide Inc. has postponed its plan for a US initial public offering, according to people with knowledge of the matter, days before Chinese regulatory approval lapses.
Is China Lifting its Bitcoin Ban? Crypto Expert Says This Could Become the Biggest Bullish Catalyzer for Altcoins
Justin Sun, the founder of TRON, sent waves through the community with a cryptic post on X (formerly Twitter) hinting at a potential change in China’s stance on cryptocurrency. His message, “China …
Putin meets China’s Premier Li as Moscow and Beijing deepen their relations
Russian President Vladimir Putin has met with Chinese premier Li Qiang. He hailed growing trade relations as Moscow becomes increasingly dependent on Beijing for political and economic support.
Didi turns profitable as ride-hailing arm grows ahead of IPO
Its over-the-counter shares rose 2.3%. The results reflect how the company is gradually recovering from a tough few years. Once hailed as a national champion that defeated Uber Technologies in China, …
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