Economists are expecting President-elect Trump to place tariffs of around 40 percent on Chinese imports, according to a new survey from Reuters. In the survey of economists, 45 percent said the …
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Apple sales fall y/y on China’s Singles’ Day, Huawei up 7%, data shows
Apple sold fewer smartphones during China’s Singles’ Day shopping festival this year as it faced pressure from an “abnormally high” number of rival handsets launched around the event, Counterpoint …
Chinese AV startup Pony AI boosts its IPO goal to $260M
Pony AI, the Chinese autonomous vehicle startup that’s looking to go public on the Nasdaq stock exchange, now wants to raise around $260 million, according to a new regulatory filing. To meet the goal …
Johnson & Johnson, Merck lay off workers in China as local headwinds take a toll
Johnson & Johnson and Merck are laying off workers in China, according to a story from Bloomberg which cites reports from Chinese news outlets and confirmation from industry sources in the country.
China’s Pony AI seeks up to $4.55 bln valuation in upsized US IPO
Pony AI said on Wednesday it was targeting a valuation of up to $4.55 billion in its upsized initial public offering in the United States, indicating strong demand for the Chinese robotaxi firm’s long …
Elon Musk’s China Business Ties Spark Concerns Over U.S. Security
Elon Musk’s deep ties with China are becoming a growing concern as he prepares to take on a prominent role in a potential future U.S. administration under Donald Trump. The billionaire CEO of Tesla …
China suspends CBDC czar implicated in crypto corruption allegations
After extended investigations, Yao Qian, former director of the Science and Technology Supervision Department of the China Securities Regulatory Commission, was expelled from the party and removed …
Shanghai court says crypto ownership legal under China law amid bitcoin price surge
In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal.
China’s Ex-CBDC Chief Yao Qian Accused of Cryptocurrency Bribery, Faces Prosecution: Report
Yao Qian, former head of China’s digital currency development, faces prosecution for cryptocurrency bribery and misconduct.
Chinese robotaxi firm Pony AI seeks to raise up to $260 million in upsized US IPO
Chinese autonomous driving firm Pony AI said on Wednesday it was targeting to raise up to $260 million in its upsized initial public offering in the United States.
Hennessy Workers Strike Over Plans to Bottle Cognac in China
Hennessy, owned by the French luxury giant Louis Vuitton Moët Hennessy, is exploring the move after China recently imposed steep financial penalties on European brandy imports, according to the Confédération Générale du Travail and Force…
Hennessy Workers Strike Over Plans to Bottle Cognac in China
Hennessy, owned by the French luxury giant Louis Vuitton Moët Hennessy, is exploring the move after China recently imposed steep financial penalties on European brandy imports, according to the Confédération Générale du Travail and Force…
China’s Xpeng says no impact from US curbs on its Turing AI chip output
Chinese electric vehicle maker Xpeng said mass production of its Turing self-designed artificial intelligence chip was progressing well, dismissing concerns it could be hit by new U.S. curbs on advanced semiconductors for Chinese firms.
