Business & Technology
Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
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Self-driving truck startup TuSimple sells off China unit to focus on the U.S.
After settling on a U.S. data probe investigation, California-based self-driving truck startup TuSimple is selling off its China arm amid growing regulatory pressures on data flows.
Tencent and other tech firms downsize, stocks recover
Tencent is rumored to lay off 10% to 20% of its employees, joining the list of companies restructuring to survive Beijing’s regulatory storm.
It’s a crazy world out there! Rui Ma on this week’s wild stock market fluctuations in China
Veteran tech investor and advisor Rui Ma answered our questions about the wild week that Chinese companies have had in markets on both sides of the Pacific.
Has Beijing signaled an ease to the tech crackdown?
Chinese stocks have feverishly rebounded, after Beijing signaled support for the market at a meeting on Wednesday.
Evergrande gets go-ahead to sell electric vehicles
Embattled Evergrande has been approved to sell electric vehicles, joining the list of firms pivoting to new ventures amid Beijing’s crackdowns.
Lithium battery startup files for IPO in Hong Kong
Chinese EV battery giant CALB plans to IPO in Hong Kong. After a bad year in 2020, the company has ridden on the success of China’s booming EV sales.
JD Logistics acquires domestic courier amid a rise in competition
JD Logistics has bought courier company Deppon Logistics for nearly $1.5 billion, becoming China’s second-largest logistics company behind SF Express.
The state of China’s electric vehicle market with Robert Yu
Auto industry veteran Robert Yu talks about the booming EV market in China, which sold a total of about 3 million cars in 2021, compared to the 800,000 EVs sold in the U.S. the same year. He speaks to Chris about the current market, and how firms like NIO and Xpeng are exceptionally well-positioned around the globe, and have recently begun entering into the European market.
Ukraine war sends nickel prices soaring and metal tycoon scrambling
A major Chinese miner and metals conglomerate and its “Big Shot” boss could lose $8 billion because of short bets they placed on the price of nickel.