China Resources
Chinese automaker Seres Group has cut starting prices for its Aito electric cars by 30,000 yuan ($4,460) from Friday, following price cuts by Tesla last week and fuelling expectations of a wider price war. The Aito M5 and M7 electric sports-utility vehicles, which were co-developed by the Chongqing automaker with China’s tech giant Huawei Technologies […]<
China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd, business registration records showed, as Beijing extends a campaign to strengthen control over online content. Beijing has been taking ‘golden shares’ in private online media and content companies for more than five years, and in recent […]
BREAKING NEWS
Oil rose more than 1 percent on Thursday supported by optimism over China’s demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates. Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting optimism that demand for fuel […]
Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less than European automakers, an overwhelming cost advantage that will put pressure on European manufacturers in their home market, the head of auto supplier Forvia said. As European consumers seek cheap EVs, Forvia Chief Executive Patrick Koller told the CES convention in Las […]
Taiwan’s exports in December likely dropped from a year earlier for the fourth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and COVID-19 controls in China, according to a Reuters poll. Taiwan, a global hub for chip production and a key supplier to Apple Inc, is […]
Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world’s largest contract chipmaker’s investment plans […]
Chinese technology giant Huawei will bring in more patent income than it pays to other companies for their patents for the second straight year in 2022, as it seeks to offset the impact of U.S. export curbs on sales in its hardware business, the company announced late Thursday. Huawei, known for its telecoms equipment and […]
Chinese technology giant Huawei will bring in more patent income than it pays to other companies for their patents for the second straight year in 2022, as it seeks to offset the impact of U.S. export curbs on sales in its hardware business, the company announced late Thursday. Huawei, known for its telecoms equipment and […]
The U.S. State Department on Friday launched its long-planned “China House” unit, an internal reorganization to help expand and sharpen its policymaking toward its top geopolitical rival. Secretary of State Antony Blinken in May announced the creation of China House, calling it a department-wide, integrated team that would coordinate and implement U.S. policy across issues […]
The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could divert American technology to previously […]
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