Multinational automotive manufacturer Stellantis announced Wednesday it is pulling out of its Chinese auto finance joint venture (JV), the most recent move in the company’s reshaping of its... Read more
Another of China’s struggling property developers, Sunac China Holdings, has missed its first dollar bond payment after questions over the company’s financial status were raised last year, r... Read more
Worldwide sales of new electric vehicles (EVs) experienced a 100% increase to 4.6 million units in 2021, reports Nikkei Asia. Spurred on by strong demand in China and Europe, EV sales surpas... Read more
LVMH, the world’s largest luxury group, posted expectations-beating sales growth in Q1 2022 despite the reappearance of Covid-19 disruptions in the Chinese market, a key driver of sales grow... Read more
Embattled Chinese telecoms giant Huawei, already experiencing the effects of US sanctions, has furloughed some local Russian employees and suspended new contracts with operators, reports the... Read more
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