Daily Tech Roundup: EU Targets China Train-Maker Unit With Trade Probe

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A model of a CRRC high-speed train sits on display on Dec. 6 at the Nanjing International Expo Center in East China’s Jiangsu province. Photo: VCG

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

EU launches anti-subsidy probe into China train-maker unit

The European Union has opened an unprecedented investigation into a unit of China’s state-owned train maker CRRC Corp. Ltd. (601766.SH) over alleged unfair subsidies.

The European Commission announced the probe Friday on Qingdao Sifang Locomotive and Rolling Stock Co. Ltd. over its bid for a 610 million euro ($657 million) public procurement contract in Bulgaria to provide electric trains along with maintenance and staff training.