China’s Zhejiang Leapmotor Technology on Thursday said it will issue shares worth HK$8.51 billion ($1.09 billion) to Stellantis NV .
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China Q3 smartphone sales down 5%, but Huawei boosts share-Canalys
BEIJING (Reuters) -Smartphone sales in China fell 5% in the third quarter compared to the same period last year, extending a declining trend as the economy slows and cost-conscious consumers delay …
China’s home appliance maker Midea Group applies for Hong Kong listing in what could be one of the biggest IPOs in recent history
Midea Group, the world’s biggest home appliances maker, has submitted plans to list its shares in Hong Kong after an initial public offering (IPO) which could be one of the biggest in recent history.
China’s Economy Facing “Tremendous Challenges,” Former Deputy Central Banker Says
Zhu is currently the vice chairman of China Center for International Economic Exchanges. He serves as a member of the “14th Five-Year Plan” Expert Committee, a member of the Foreign Policy Advisory …
How Country Garden Plays Into China’s Property Mess
China’s real estate crisis is showing no sign of abating, depriving the world’s No. 2 economy of one of its biggest growth drivers. China Evergrande Group, once China’s largest developer, defaulted in 2021, followed by…
China smartphone shipments fall 5% y/y in Q3 to 66.7 million handsets -Canalys
Smartphone shipments in China fell 5% year-on-year in the third quarter to 66.7 million handsets, research firm Canalys reported on Thursday. The Honor smartphone brand took first place by sales, …
Insight: China rushes to swap Western tech with domestic options as U.S. cracks down
China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.
Meta’s ad rebound gets huge assist from China even though its services are banned there
Meta finance chief Susan Li told analysts on Wednesday that Chinese companies played a major role in the third quarter in driving revenue growth
Stellantis to buy about 20% stake in China’s Zhejiang Leapmotor for $1.6 billion
(Reuters) -Stellantis NV said on Thursday it would invest 1.5 billion euros ($1.58 billion) to acquire approximately 20% of Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology. Leapmotor said in a separate statement that it…
Biden says US is willing to fight China on behalf of the Philippines following ship collision near disputed island
Republicans have faulted Biden for not doing more to press China to be transparent about the origins of COVID-19, which killed more than 1.1 million Americans after possibly leaking from a Wuhan lab, …
China’s EV sector burns bright but cannot offset property’s woes
This would tail off in 2027, by which stage EV production would have risen from 6.7mn units last year to about 18mn units. They would account for about 60 per cent of total passenger car…
Why is COVID-19 more severe in some people? Researchers use genetics, data science to find out
Why do some people have a more severe course of COVID-19 disease than others? A genome sequence database created by an international collaboration of researchers, including many from the University of …
Shakeup in China’s Leadership: Defense Minister’s Ouster Sparks Concerns Over President Xi Jinping’s Inner Circle Strength
In the heart of Beijing, a political tremor is unfolding with far-reaching implications. China’s Defense Minister, Li Shangfu, has been abruptly removed from office after nearly two months of …