Business and Tech News in China: internet giants, startups, SOEs

Oct 10, 2023 18:35 PM

Former State Council Official Named Chairman of China Eastern Airlines
Wang Zhiqing, 57, also takes up the post of Communist Party group chief at CEA Holding
Oct 09, 2023 17:20 PM

Alibaba Think Tank Dispels Closure Rumors
Luohan Academy is undergoing a reorganization that will see some of its research operations taken over by its parent
Oct 07, 2023 19:05 PM

Hong Kong and Singapore Can Learn From Each Other in New Era, Li Ka-shing Says
Both cities need to contemplate their future as they face increasingly complex global and societal issues, the billionaire notes
Oct 07, 2023 17:05 PM

U.S. Blacklists 42 Chinese Entities Over Alleged Russia Ties
Beijing expresses opposition to the latest sanctions, saying that Washington has abused export controls
Oct 07, 2023 03:23 AM

Tesla Cuts Prices of Top Models After Deliveries Fall
EV giant will have to sell a record number of cars in the fourth quarter to reach its full-year goal of 1.8 million deliveries
Oct 06, 2023 18:40 PM

In Depth: Nio Looks to Ride Uptick in EV Sales Out of Slump in Crowded Market
After months of slack growth, the firm saw a surge in July orders, a trend it’s hoping to maintain with measures such as higher sales commissions and adjusting production
Oct 03, 2023 19:24 PM

China’s Real Estate Market Gets Some Relief in September on Policy Changes
New property sales by China’s top 100 property developers rise nearly 18% month-on-month, but are still down more than 20% from the previous year
Oct 02, 2023 13:26 PM

In Depth: Silicon Carbide Chips Could Give Chinese EV Firms an Edge, With Beijing’s Help
Material can dramatically cut battery charging times and is backed by science, but comes at a high cost
Sep 30, 2023 19:22 PM

China Baowu Steel Names Company Veteran as New General Manager
Vice general manager Hou Angui was tapped to take the helm as the state-owned behemoth undergoes transformation amid falling demand and pressure to lower carbon emissions
Sep 29, 2023 20:08 PM

Evergrande Chairman Hui Ka Yan Falls Under Investigation
Embattled property developer confirms notification from authorities that the executive is suspected of unspecified crimes
Sep 28, 2023 19:14 PM

Chinese Battery-Materials Maker to Invest $1.35 Billion in Finnish Plant
Ningbo Shanshan’s project will involve the construction of a facility capable of producing 100,000 tons of lithium-ion battery anode materials a year
Sep 27, 2023 05:47 AM

Property Brokerage Lianjia Slashes Beijing Commissions to Boost Sales
Real estate giant cuts selling fees to 2% from 2.7% and will split the cost between buyers and sellers rather than collecting only from buyers
Sep 26, 2023 19:53 PM

Ford Halts Construction of U.S. EV Battery Plant Using CATL Technology
Automaker didn’t give a specific reason for the suspension, saying only there were ‘a number of considerations’
Sep 26, 2023 18:20 PM

U.S. Blacklists Chinese Entities Over Alleged Ties With Russia, Iran
Washington has accused some of the 10 firms and one individual of supplying or attempting to supply parts for the two countries’ drone programs
Sep 23, 2023 18:30 PM

Huawei Founder Confident Company Will Prevail Despite ‘Mounting Difficulties’
Ren Zhengfei says China will develop technological standards that surpass those of U.S. as company debuts phone said to be powered by self-developed chip amid sanctions
Sep 23, 2023 18:10 PM

South Korea Pleads With U.S. on China Chip Curbs as Expiry of Waiver Nears
Seoul’s Minister of Trade Bang Moon-kyu made the plea as SK Hynix and Samsung fret they may be cut off from crucial U.S. chipmaking equipment
Sep 22, 2023 20:39 PM

Sichuan Sets Sights on Becoming ‘World-Class’ EV Battery Hub
The southwestern province plans to expedite development of lithium resources and build an entire industry supply chain
Sep 21, 2023 19:46 PM

China’s Sinopec Dives Deeper Into Geothermal Energy
The company’s push could serve as a catalyst for fast-tracking the exploration and use of the renewable energy, experts say
Sep 21, 2023 15:47 PM

Huawei Appoints Yu Chengdong as Chairman of Smart Car Unit, Sources Say
Jin Yuzhi, who has been head of the tech giant’s optical fiber business since 2019, will succeed Yu as CEO
Sep 21, 2023 02:49 AM

Exclusive: Baowu Suspends Talks on Buying Indonesia Nickel Assets
Potential $3 billion to $4 billion deal with China’s Tsingshan goes on ice after change in Baowu leadership amid downturn in nickel and steel industries