China wants to consolidate its own e-car industry and bring out “bigger and stronger” companies in the field. “We currently have too many EV companies in the market,” Minister of Industry and IT Xiao Yaqing said at a press conference yesterday. The companies are mostly small at present, and the government supports mergers and restructuring […]
Even China’s seasoned censors are having a hard time fighting the current outrage sparked by the introduction of the three-child policy, as Johnny Erling tells in his column. In countless comments, Internet users recalled decades of a cruel population policy – the one-child policy. Pregnant women expecting their second child were persecuted and illegally born […]
Volvo Trucks is about to purchase Chinese truck manufacturer JMC Heavy Duty Vehicle. The takeover for the equivalent of 123 million US dollars still has to be approved by Chinese authorities, as the business portal Caixin reports. Volvo, a subsidiary of Chinese manufacturer Geely, would gain full control of JMC Heavy Duty Vehicle through the […]
Smartphone manufacturer Xiaomi has announced the acquisition of startup Deepmotion for $77 million. Deepmotion was founded four years ago and develops driver assistance software, Bloomberg reports. The purchase of Deepmotion is expected to aid Xiaomi’s developments in fully autonomous driving, according to Xiaomi executive Wang Xiang. The acquisition comes in tandem with Xiaomi’s expansion into […]
Chinese EV company Xpeng has reported mixed quarterly results. Xpeng had to register net losses of the equivalent of 184 million US dollars in the 2nd quarter – higher than previous forecasts. High expenses in research and development and marketing and sales were cited as the cause. However, Xpeng was able to increase sales and […]
At the Paralympics, China’s Li Hao (left) competed against the Englishman Piers Gilliver. Li defeated his opponent and won the gold medal after further duels. It was the first gold medal for China at this year’s Paralympics in Tokyo.
Do you still remember your old Nokia “brick”? In the age of smartphones, old cell phones seem like technology from a distant past. But they also had their advantages: The battery was replaceable, and they were virtually “unbreakable.” In today’s smartphones, laptops and other devices, the batteries are often firmly welded or glued.Is a greater […]
China’s power demand rose 14 percent year-on-year in the first half of 2021. More than two-thirds of its total power demand was served by coal-fired power, while 29 percent was generated through wind and solar power, according to a new survey by climate think tank Ember. According to the survey, China’s share of global coal-fired […]
Wan Gyn Ang, the former CEO of advertising agency Carat China, will be the new senior vice president of Brainlabs Digital Marketing in Singapore. Ang was responsible for providing data-driven communications strategies and transformative work in Shanghai, Beijing and Guangzhou at Carat China. Brainlabs had opened its first Asia Pacific office in Singapore earlier this […]
China has been recording immense growth rates for over 40 years. From the poorhouse of the world, it developed into the second-largest economy. A fair economic development is the decisive pillar of the authoritarian rule of the Communist Party, because it gives it legitimacy. But it also has its downsides: China is now the largest […]