The Panama Maritime Authority (AMP) has taken possession of two ports on Panama Canal, after Hong Kong-based CK Hutchinson’s contracts were ruled invalid, reports Reuters. Logistics company Maersk and the Mediterranean Shipping Company will take over operations temporarily. The government said it approved two temporary concession contracts with AMP, lasting up to 18 months, for the […]
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State-owned Commercial Aircraft Corporation of China (Comac), manufacturer of the C909 regional airliner and flagship narrowbody C919, recently infused RMB 634 million ($91.76 million) into C909 launch customer Chengdu Airlines, reports the South China Morning Post. Comac has a 48% controlling stake of the airline. Combined with funding from other sources, the injection has nearly tripled […]
Amid intensifying competition among Chinese electric-vehicle (EV) makers last year, relatively inexpensive models from Geely Auto and Wuling Motor Holdings topped the sales chart, reports the South China Morning Post. Sales from the two companies surpassed those from BYD and Tesla. In 2025, Geely sold more than 459,000 units of the Xingyuan EV–priced between RMB 68,800 […]
ByteDance’s conversational AI app Doubao seized a prime marketing position during China’s Spring Festival Gala, reports Caixin. The app logged 1.9 billion interactions as the company leveraged the nation’s most-watched television broadcast to accelerate mass adoption. Although ByteDance’s cloud-computing arm, Volcano Engine, served as the official AI cloud partner for the 2026 gala, the consumer-facing Doubao […]
A senior official in the White House was cited in a Reuters exclusive as saying that China’s DeepSeek has trained AI models on Nvidia’s Blackwell chips—the company’s most advanced. If this were true, Reuters said, it would constitute a violation of current US export controls. It gave no details about how the chips were allegedly […]