Sales of foreign-branded smartphones, including Apple Inc’s iPhone, in China rose 2.7% in July year-on-year, according to data released on Wednesday from a government-affiliated research firm.
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Sports brands in China turn in uneven performance despite Olympic year
A bright spot in the first half was Anta Sports Products, one of the largest homegrown Chinese brands. The company on Tuesday evening said its interim revenue grew 13.8% on the year to 33.73 billion…
Prudential New Business Profit Falls 1.4%, Led by China, HK
Prudential Plc reported a 1.4% drop in new business profit for the first half, hit by slower sales in mainland China, Hong Kong and Indonesia.
India’s Reliance on Chinese Imports Continues to Grow in First Half, Report Says
China remained India’s largest importer in the six months ended June 30, with imports rising 8.4 percent to USD50.1 billion from a year earlier and the trade deficit reaching USD41.6 billion, the …
China’s two richest people lose billions in consumer stock rout
China’s top billionaires saw their combined wealth drop by more than $18 billion due to massive stock selloffs in major consumer firms. This reflects
China’s Xpeng Motors planning EV production in Europe
Chinese electric vehicle maker Xpeng Motors is in the early stages of researching where it can build a production facility in the European Union as part
China makes rapid progress in drilling rig tech
China’s homegrown drilling rig technology is making important breakthroughs in excavating deep oil and gas resources, thanks to increased and innovative cooperation between research institutes and …
China’s tech titans ramp up AI investments in response to U.S. sanctions
China’s major technology firms have significantly ramped up their capital expenditures this year, with a sharp focus on artificial intelligence (AI) infrastructure. The Financial Times reported that …
Chinese smartphone brand Realme targets 100 million AI handset shipments in 3 years
The Oppo spin-off is using limited AI features in affordable smartphones to target young consumers, according to CEO Sky Li.
China’s medical-device makers look overseas for exports to cure to ailments at home
China’s exports of surgical robots and artificial joints are taking market share from the likes of syringes, needles and gauze, with the US the largest destination.
Mergers and Acquisitions in China: Examples, and Guide.
China’s mergers and acquisitions (M&A … Despite some economic headwinds, the private equity fund business remains robust, with ample capital available for investment. Measures for Security Review of …
Mastermind Behind $14 Billion Crypto Pyramid Scheme Extradited to China from Thailand
China has successfully extradited a suspect, known only by the surname Zhang, from Thailand. Zhang is accused of orchestrating a large-scale pyramid scheme that involved cryptocurrency, drawing in …
Richest man in China loses $14B as Temu crashes
the founder and former chairman of the Chinese e-commerce business PDD Holdings, had his net worth drop by almost $14 billion on Monday, mere 18 days since he became the wealthiest person in China earlier…
