The US has announced it will ban all new models of foreign-made drones, a move which will lock all Chinese drone companies out of the US market, one of the world’s most lucrative for civilian and commercial drones. The biggest casualty is DJI, which is the world’s largest drone manufacturer, and produces around half of […]
Author: will
Creditors are holding a vote on whether to give Vanke, which has $50 billion of interest-bearing liabilities, more time to forestall a default, reports Bloomberg. If they vote not to, it would mark a new phase in the country’s real estate woes that have already prompted $130 billion of defaults as well as restructurings and liquidations […]
Chinese chip designer Moore Threads Technology has unveiled a suite of new products, including its next generation of chip architecture and artificial intelligence chips, reports the South China Morning Post. The chipmaker looks to challenge US chip-making heavyweights Nvidia and AMD. The Beijing-based firm, hailed as China’s “little Nvidia”, introduced two forthcoming chips Huashan and Lushan, […]
Nearly 270,000 cars with self-driving systems will be sold in China next year as Beijing allows carmakers to build such vehicles, reports the South China Morning Post. The cars allow drivers to be hands-off under certain conditions. This volume is projected to represent about 1% of China’s total new car sales in 2026, as the expanding adoption […]
Italian luxury sneaker maker Golden Goose said that Chinese private equity firm HSG, formerly known as Sequoia Capital China, had become its majority shareholder after buying a stake from current owner Permira, reports Reuters. Singapore’s investment firm Temasek, alongside its subsidiary True Light, has also bought a minority stake in the Venice-based maker of sneakers that […]