Chinese President Xi Jinping met his “dear friend” Vladimir Putin in Moscow on Monday, seeking both to deepen economic ties with an ally he sees as a useful counterweight to the West and to promote Beijing’s role as a potential peacemaker in Ukraine. Xi was the first leader to meet the Russian president since the […]
China
The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters this week. The move follows the introduction of a new U.S. legislation that would allow the White House to ban TikTok or other foreign-based technologies if they pose […]
Huawei Technologies Co Ltd has replaced more than 13,000 parts in its products that were hit by U.S. trade sanctions, the Chinese tech giant’s founder said, according to a speech transcript posted on Friday by a Chinese university. According to the transcript of the February speech posted by Shanghai Jiao Tong University, Ren Zhengfei said […]
Chinese search engine giant Baidu said on Friday it had won a permit to provide a fully driverless ride-hailing service in the Chinese capital of Beijing. With the permit, Baidu’s Apollo service will deploy 10 fully autonomous vehicles in a technology park developed by the government of Beijing, it said in a statement. The permit […]
Hong Kong-listed shares in China’s Baidu rebounded 15.7% on Friday as users told of their experiences with the Ernie bot, recouping losses from a day earlier prompted by the chatbot’s launch, which failed to impress. On Thursday, viewers of the Chinese search engine giant’s presentation panned the company’s lack of a live demonstration and a […]
China’s Lenovo Group Ltd must pay U.S. technology firm InterDigital Inc $138.7 million for a licence for its portfolio of telecommunications patents, London’s High Court ruled on Thursday in the latest round of a long-running dispute. InterDigital brought the lawsuit against Lenovo in 2019 over the terms on which Lenovo should take a licence of […]
The European Commission presented the centrepieces of a strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition. The EU executive’s Net-Zero Industry Act and Critical Raw Materials Act, part of its Green Deal Industrial Plan, […]
China will set up a financial watchdog run by the Communist Party, state media reported on Thursday, as part of a broad reorganisation of governing bodies set to give the ruling party direct control and supervision over financial affairs. The creation of the Central Financial Commission will see the dissolution of the state-run Financial Stability […]
The world order is rapidly changing, and it seems that China is making a bid for global dominance through its ambitious infrastructure development program, the Belt and Road Initiative (BRI). As China invests billions of dollars in infrastructure projects in more than 100 countries, including some of the world’s poorest and least developed nations, the […]
Apple Inc supplier Foxconn on Wednesday said it plans to ramp up investment outside of China and efforts to attract automakers to its contract manufacturing business, as the company reported weaker demand for consumer electronics. Foxconn, which assembles around 70% of iPhones, has been diversifying production away from China, whose strict COVID restrictions disrupted its […]