British company Merlin Entertainments will open a new attraction full of miniature models and high-tech interactive experiences of Beijing’s landmarks in summer, it was announced on Wednesday. A miniature Temple of Heaven from Little Big…
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Beijing releases licenses for self-driving car road testing
A self-driving vehicle (R) for public road testing runs on a road in Beijing, capital of China, March 22, 2018. Beijing released its first temporary license plates for Baidu’s self-driving vehicles for public road testing…
Beijing follows Fed with rate hike with eye on cashflows
China on Thursday raised the amount it charges lenders to borrow cash as it looks to prevent cash outflows after the Federal Reserve’s latest interest rate hike. With the Fed embarking on a period of…
Baidu receives approval to test self-driving cars on Beijing’s open roads
Beijing authorities have issued special license plates to Baidu, China’s largest Internet search engine, which allow it to test autonomous vehicles on designated open roads within the city. Five of Baidu’s Apollo self-driving cars were…
Baidu granted Beijing’s first plates to test autonomous vehicles
Shanghai (Gasgoo)- According to local media, Beijing issued its first batch of temporary plates for road tests of autonomous vehicles. Beijing Baidu Network Technology Co., Ltd., Baidu Inc’s subsidiary, was given 5 temporary plates. Reportedly,…
China Mobile warns of revenue pressure due to price cut
HONG KONG (Reuters) – China Mobile, the world’s biggest mobile phone operator by subscribers, warned on Thursday of revenue pressure as it plans to cut prices by more than 30 percent this year in response…
China calls U.S. repeat abuser of world trade rules as it braces for tariffs
China accused the United States of “repeatedly abusing” trade practices, as Beijing braced on Thursday for an imminent announcement from U.S. President Donald Trump slapping more tariffs on Chinese imports. The U.S. tariffs on Chinese…
The ‘Chinese Netflix’ iQiyi is gearing up for$2 billion–plus IPO: 4 things to know
It would also mark the highest-value IPO since Snapchat parent Snap Inc. SNAP, +3.56% went public last March in a $3.4 billion deal, said Smith. Underwriters Goldman Sachs (Asia), Credit Suisse, Bank of America Merrill…
China’s Communist Party seeks to control media messages
Under the plan announced Wednesday by the official Xinhua News Agency, China Radio International, China National Radio and China Central Television, along with its international broadcast arm, China Global Television Network, will be merged into…
Chinese drone maker DJI seeking at least $500 million in pre-IPO funding: sources
HONG KONG (Reuters) – China’s SZ DJI Technology Co Ltd, the world’s largest maker of drones for consumers, is in talks with investors for at least $500 million in funding ahead of a planned stock…
OneSmart International Education Files Updated Terms For U.S. IPO
OneSmart International Education Group intends to raise $196 million in a U.S. IPO. The firm operates a growing K-12 offline education services business to affluent and mass-affluent demographics within China. A history of strong growth…
Beijing gives Baidu go-ahead to test self-driving cars as US reviews safety after Uber fatal crash
Beijing gave the long-awaited go-ahead to Baidu to conduct open-road tests for its autonomous vehicles, days after a self-driving Uber car failed to slow down and killed a 49-year-old woman in the US. Baidu, named…
China’s young consumers are snubbing foreign brands amid growing national pride, says Credit Suisse
China is seeing the emergence of a generation of consumers who are more likely to opt for home-made brands, spurred by a growing sense of national pride, according to a survey by Credit Suisse. The…
