The decision comes after the startup reached an agreement with the U.S. government to restrict the China unit’s access to data due to U.S. security concerns.
Tagged By business
EXCLUSIVE-TuSimple explores sale of China unit after pact with U.S. authorities-sources
Autonomous trucking startup TuSimple Holdings Inc, backed by Chinese social media firm Sina Corp, is looking to sell its business in China and focus on the U.S. market, sources said. The decision …
China faces big choice on Russia when it comes to seafood, and beyond
Sanctions on Russian trade imposed by the U.S., European Union, and the U.K. on Russia in response to its invasion of Ukraine are likely to have a major impact on global seafood t …
Why Russia Isn’t That Important to China
China may find that its recently renewed alliance with Russia is a costly partnership,” McMillan wrote. “Investors have jettisoned Russian assets, causing an all-time low in the Russian ruble, and are …
Congress must not weaken China tariffs (Guest Opinion by Michael Stumo)
“China’s aggressive trade practices, and its support for Russia, make clear that it’s not a friendly trade partner,” writes CEO of business group.
Covid hits China yet again but auto makers may avoid apocalypse this time
Auto brands like Toyota and Volkswagen have had to pause manufacturing operations in some of their facilities in China.
Why China Probably Won’t Send Military Aid to Russia
Russia is asking China to provide military assistance to its war effort in Ukraine, according to U.S. officials. Vladimir Putin’s regime has reportedly asked its allies in Beijing for surface-to-air …
U.S. Pauses Imports of Chinese Sports Brand Reportedly Made in North Korea
The United States has paused importing goods from Chinese sports brand Ling Ning after reports the company may have used forced labor from North Korea to create their products. Under U.S. law, goods …
Tesla halts work at Shanghai factory amid China COVID curbs
Tesla asked suppliers to prepare workers to live, sleep and eat at the factories in an arrangement similar to China’s “closed-loop management” process.
LME nickel trading halted after restart, aluminum rises on China stimulus hopes
Nickel resumed trading on the London Metal Exchange by sliding to its lower limit, while aluminum, copper and other industrial metals prices rise on hopes of more stimulus …
Meten Holding Group Ltd. Announces Strategic Alliance to Explore Opportunities in Blockchain and Digital Currency Industries
Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), one of the leading omnichannel English language training (“ELT”) service providers …
China will leave US with ‘fraudulent companies’ on stock exchange, market expert warns
Wolfpack Research founder and CIO Dan David weighs in on Chinese stocks and Saudi Arabia considering pricing oil sales to China in the yuan.
China Planned Taiwan Invasion in Fall, Alleged Russian Intel Leak Claims
The claim contradicted Taiwan’s own intelligence services, which said a move by Beijing wasn’t likely in the near future.
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