The deployment, which Huawei says is the world’s first ‘large-scale integrated 5G-Advanced intelligent network’, will provide services to over 10 million people in the Chinese capital China Unicom …
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What Technology Leaders Should Know About China’s Quantum Announcement
China’s foray into further quantum development is a potent symbol of where global power may reside in the future.
IPO Roundup: Fast Track Group, MasterBeef and more
The U.S. IPO calendar looks muted as the last month of the year starts. Compared to December, January and February have been historically stronger months for new listings. Last week, a numbers for …
GM to take $5 billion in charges for changes to China business
GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior there.
General Motors to Take $5 Billion Charge on China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
GM signals more trouble for China’s auto market with $5 billion-plus in impairment charges and write-downs
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in that market.
Tesla EV sales plummet in Australia as China brands grow
Tesla’s Australian electric vehicle sales remain in free fall after November became the eighth-straight month of year-on-year sales decline for Elon Musk’s autogiant amid a growing wave of competition …
China sends warning to Biden and Trump with gallium and germanium export ban against US
China declared an export ban on these metals to the US, a retaliatory action following US President Joe Biden’s administration’s introduction of new technology restrictions targeting China.
China tops 1B 5G network subs
China likely breached the 1 billion 5G milestone in November after operators collectively reaching 995 million subscribers at end-October.
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture…
GM Sees $5 Billion Hit to Restructure Troubled China Business
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s …
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
