- Dec 21, 2023 05:19 AM
- U.S. Chipmaker Qorvo Sells China Facilities in Supply Chain Revamp
- Chinese iPhone producer Luxshare to buy U.S. chipmaker Qorvo’s assembly and test facilities in Beijing and Dezhou as part of America’s reshaping of its semiconductor industry
- Dec 21, 2023 04:54 AM
- Chairman and CFO of JD.com’s Delivery Unit Dada Nexus Resign Amid Leadership Reshuffle
- Personal reasons cited for resignations as two leading executives of retail delivery platform Dada Nexus stand down
- Dec 21, 2023 04:48 AM
- Ping An Bank Lists $166 Million Baoneng’s Debts for Sale
- Bank puts debt up for public auction as Shenzhen-based Baoneng conglomerate faces unpaid wage demands and creditors seeking loan repayments
- Dec 20, 2023 16:41 PM
- Alibaba Boss Eddie Wu Named CEO of E-Commerce Unit
- Replacing Trudy Dai, the conglomerate’s co-founder is now chief executive and chairman of its core Taobao and Tmall Group
- Dec 20, 2023 06:24 AM
- Chinese Cities Greenlight Carmakers to Test L3 Self-Driving on Roads
- Starting flag is waved as cities grant permits to motor manufacturers to test self-driving cars on designated Chinese highways
- Dec 19, 2023 18:59 PM
- Chinese Shipping Giant COSCO Halts Red Sea Transit Amid Attacks
- The firm joins the world’s other top shippers in suspending routes in the area, underscoring rising concerns over impact to global trade, analysts say
- Dec 19, 2023 06:15 AM
- Alibaba to Trim Investment in XPeng With $391 Million Sell-off
- Taobao to cut its stake in electric car maker XPeng although Alibaba says cooperation on cloud computing will continue
- Dec 19, 2023 06:01 AM
- TikTok the First Non-Game App to Hit $10 Billion User Spending Milestone
- Video-sharing platform on track to be highest earning mobile app ever with revenue topping $14.6 billion in 2024
- Dec 18, 2023 19:00 PM
- ByteDance Rebuts Claims It Violated OpenAI Terms of Use
- The TikTok parent had been ‘secretly’ and extensively using the U.S. startup’s tech to develop its own rival AI model, according to an industry media report
- Dec 16, 2023 18:01 PM
- Overseas Sales of Chinese Self-Developed Games Drop for Second Straight Year
- Stiff market competition and shifts in privacy policies have posed challenges to global expansion this year, according to China Audio-video and Digital Publishing Association
- Dec 16, 2023 06:35 AM
- China Eyes 20% Annual Growth in Data Industry by 2026
- Roadmap set out to double data transactions within two years with expansion in industries such as smart manufacturing, transport, healthcare and tourism
- Dec 15, 2023 21:02 PM
- Chinese Court Orders Nokia to Accept Lower Royalties on Oppo 5G Phones
- Ruling is latest move by domestic courts to assert jurisdiction over what are considered fair fees charged by foreign patent holders in the country
- Dec 15, 2023 06:42 AM
- Supermarket Chain Yonghui Exits Wanda Investment for $630 Million
- Shanghai-listed supermarket chain sells its stake in Wanda Commercial to revitalize its assets as it struggles in the economic downturn
- Dec 14, 2023 16:22 PM
- China Cancels Thousands of Flights as Snow Blankets North
- More than 4,330 passenger flights were canceled Wednesday and a further 1,278 on Thursday morning as blizzards hit from Xinjiang to Beijing
- Dec 14, 2023 05:37 AM
- Zijin’s Papua New Guinea Gold Mine to Reopen After Leasing Right Dispute Resolved
- Zijin Mining expects to receive 5 tons of gold a year as Porgera mine reopens in Papua New Guinea after three-year wrangle over lease extension
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- In Depth: In China, Hydrogen’s Star Rises
- As interest in the potentially environmentally friendly energy source grows, experts say cost-effective green versions of the gas are a long way off
- Dec 13, 2023 15:45 PM
- Country Garden Bosses Take Hefty Pay Cuts as Developer Struggles
- Chair Yang Huiyan has taken a 67% reduction and President Mo Bin 96%, each to 120,000 yuan
- Dec 13, 2023 05:51 AM
- Wanda Reaches Deal with Investors to Avoid $5.6 Billion Immediate Repayment
- Equity swap saves Wanda from ticking-time-bomb repayment to investors as it fails to meet listing deadline
- Dec 13, 2023 05:36 AM
- Poly Development Plans $279 Million Share Buyback to Shore up Price
- China’s leading developer sees shares jump 7.6% as it announces major buyback to bolster its equity price which has almost halved since 2022 due to property market downturn
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- In Depth: How the AI Race Has Spread From the Cloud to the Palm of Your Hand
- Businesses compete to run edge AI on personal devices rather than data centers, counting on increasing everyday usage as the technology moves closer to users
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