China Economic ReviewBYD, the world’s largest electric-vehicle (EV) maker, has launched a new model in India and started construction on a factory in Brazil, reports the South China Morning Post. The company’s push into potentially huge overseas markets coincides with a discount war in mainland China, where fiercer competition is seen hurting carmakers’ profitability amid narrowing margins. […]
Alibaba Group’s office messaging and meeting app DingTalk is allowing users of Tencent Holdings’ rival social media app WeChat to directly join any meeting initiated on DingTalk without first registering, reports Caixin. DingTalk users can now share a meeting link with WeChat users, who can enter the meeting within WeChat. Previously, DingTalk required participants to […]
Chinese money is pouring into funds invested in offshore assets at breakneck speed, butting up against outbound investment limits and complicating Beijing’s efforts to revive domestic markets and stabilise the yuan, reports Reuters. The rush to invest offshore reflects low confidence at home and is evident in sales of funds issued under the Qualified Domestic […]
Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the US company faced increased competition from domestic rivals such as Huawei, reports Reuters. The US tech giant’s chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the […]
China is taking steps to level the playing field for its artificial intelligence start-ups, as the country’s tech giants hog AI-training computing resources already squeezed by US chip restrictions, reports the Financial Times. At least 17 city governments, including the largest, Shanghai, have pledged to provide “computing vouchers” to subsidise AI start-ups facing rising data […]