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Porsche to wind down charging network in tough China market, agency reportsPorsche China will gradually shut down its own charging network of around 200 stations from March 1, Yicai reported, citing the company.- Boeing resumes China deliveries with 787-9 jet to Juneyao Airlines, Yicai reportsBoeing resumed aircraft deliveries to China, with Juneyao Airlines receiving a 787-9, signaling easing trade tensions. This follows a tempo...
- China's yuan hits 16-month low despite firmer guidanceChina's yuan hit a 16-month low against the dollar, pressured by trade concerns, falling yields, and a strong dollar. Despite efforts by th...
- Gold recovers but ends lower on the weekly basisSpot gold extended its recovery amidst geopolitical tensions and a weaker dollar, though it posted a 2.3% weekly loss. Geopolitical risks a...
- Mass layoffs hit tech industry: Over 27,000 jobs cut as Intel, Cisco, IBM, and Apple slash workforceTech companies cut over 27,000 jobs in August 2024, with major firms like Intel, IBM, and Cisco among those announcing layoffs. Intel plans...
- PwC names new China head amid regulatory scrutinyPwC said in a statement to Reuters on Wednesday that Shanghai-based Li assumed the role of chairman of PwC China and Asia Pacific with effe...
- Xiaomi moves ahead with Tesla-like SUV as first EV hits goalsXiaomi plans to enter the EV market with SUVs by 2025, starting with the SU7 model. The company aims to reduce reliance on smartphones, tak...
- More Chinese tied the knot in 2023, lifting marriage rates for first time in nine yearsChina's new marriages increased by 12.4% in 2023 due to COVID-19 impact. Premier Li Qiang aims for a birth-friendly society amidst declinin...
- How Huawei plans to rival Nvidia in the AI chip businessHere is what we know about Huawei's Ascend AI chip series, and its main product to rival Nvidia's A100 chip, the 910B.
- Qualcomm denies to shut down Shanghai R&D Centre, plans to trim workforceIn August, the chip major warned of an ongoing slump in smartphone sales and likely job cuts.
- China's Huawei flags product launch, details about phones expectedThe company will be releasing information about new mobile phones at the event, according to Chinese business daily Yicai which cited sourc...
- Huawei flags product event, details about closely watched smartphones expectedHuawei Technologies will hold a media event on September 25 to discuss new products, sparking speculation about details on its recently rel...
- Beijing probes illegal mining activities in Chinese lithium hubYicai, citing sources, said the probe comes amid a "shutdown and rectification" of lithium producers in Yichun, a small city in southern Ji...
- Jack Ma spotted in Australia in a nod to Alibaba’s global rootsThe entrepreneur was spotted at a hotel in Melbourne in recent days and was later confirmed to be spending time in the country, China’s Yic...
- China's births may fall below 10 million annually in next five years: Expert quotedThe number of babies born in China fell by 580,000 to 14.65 million in 2019 and the birth rate of 10.48 per thousand was the lowest since 1...
- China to reveal a key Covid-19 finding: People with no symptomsThe exclusion from official data of people infected but without symptoms has come up repeatedly since the coronavirus emerged in Wuhan.
- Chinese media goes to town on Oyo layoffs, company denies itNews reports say firm sacked about 1,000 employees at its subsidiary Oyo Jiudian.
- China stocks slide as healthcare, energy firms tumbleAt 07:16 GMT, the yuan was quoted at 6.895 per US dollar.
- China regulator urges Beijing banks not to force liquidation of pledged shares: YicaiCBIRC has also encouraged banks to further increase lending to listed companies.
- Number of births drops by 320,000 in China in 2015About 16.55 million children were born in China in 2015, about 320,000 fewer than previous year despite relaxation of family planning polic...
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