Didi Chuxing, China’s biggest ride-hailing company, saw its orders this month recover to levels seen over the same period a year earlier.
The UK steps up its fight with China by preparing tough new laws to prevent hostile takeovers of British firms
New laws could make it compulsory for British firms to report attempted takeovers that could create risks to national security.
Meet GAIA-X: This is Europe’s bid to get cloud independence from US and China giants
X cloud project, their lofty bid to manage dominant US and Chinese cloud giants in a European way, and address potential conflicts between EU privacy laws and the US Cloud Act. German federal minister …
Tibet to become China’s data gateway to South Asia
A sprawling 645,000-square-meter data facility is going up on the top of the world to power data exchange between China and its neighboring countries in South Asia. The cloud computing and data center …
Tesla China Sold 11,095 Model 3 Vehicles in May, Triple April’s Volume: CPCA
U.S. electric vehicle maker Tesla Inc sold 11,095 Shanghai-made Model 3 vehicles in China in May, more than triple the volume seen in April, according to the China Passenger Car Association (CPCA).
Ericsson flags margin headwind over China 5G contracts, takes $108 million charge
Ericsson’s second-quarter results will take a hit of about 1 billion crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the Swedish company said on Monday. The …
Satellite data suggests coronavirus may have hit China earlier: Researchers
Dramatic spikes in auto traffic around major hospitals in Wuhan last fall suggest the novel coronavirus may have been present and spreading through central China long before the outbreak was first …
Ericsson Takes $109 Million Hit as China Assets Written Down
Ericsson AB will need to write down assets related to its business in China, resulting in a 1 billion-krona ($109 million) hit to the Swedish telecom giant, the company said in a statement on Monday.
ECVV.com Safebuy Service Aims to Assist Overseas Buyers to Be Worry-Free While Sourcing Products from China
The amount and range of company closures are likely to continue to rise over the next six months, which increasing the complications for sourcing from China for international buyers. How can overseas …
China’s New Yuan Loans Expected to Fall in May, Policy Support Intact: Reuters Poll
China’s new bank loans are expected to decline in May from the previous month, but are still expected to be higher than a year earlier amid continued policy support to bolster the economy against the …