| Date | Title | Description |
| 11.11.2024 | EV startup Neta starts layoff process, sued over late supplier payments | Chinese electric vehicle startup Neta Auto is facing a range of problems related to financing its operations, as one supplier, Efort, on Nov. 8 filed a lawsuit with the company alleging debts from Neta of RMB 48.2 million ($6.7 million). A ... |
| 05.11.2024 | China's premier 'fully confident' of hitting growth targets | Chinese Premier Li Qiang said on Tuesday (Nov 5) that he was "fully confident" the country would hit its economic goals this year, lauding recent stimulus measures and suggesting there was still room for more.
Beijing has set a gr... |
| 01.11.2024 | China's October factory activity returns to expansion, Caixin PMI shows | BEIJING: China's manufacturing activity swung back to growth in October as an expansion in new orders led to a pick-up in production growth, signalling an improvement in the sector at the start of the final quarter, a private-sector survey ... |
| 07.10.2024 | More than half of all EV batteries could be produced by recycled lithium, claims CATL CEO | Chinese battery giant CATL is calling for greater effort to make electric vehicle batteries more sustainable, with chief executive Robin Zeng recently claiming that more than half of all new batteries could be produced using recycled lithiu... |
| 01.10.2024 | Asia's factory activity hit by global uncertainty, focus on China stimulus | Macro MattersAsia's factory activity hit by global uncertainty, focus on China stimulus
By Leika KiharaOctober 1, 20245:26 AM UTCUpdated ago
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| 30.09.2024 | Asia's Rising Influence: Navigating Global Challenges with Local Solutions | The Asia New Vision Forum, held in Singapore, has become a beacon of hope and innovation. This year's event, themed "Global Challenges, Asian Solutions," attracted over 400 leaders from various sectors. They gathered to tackle pre... |
| 30.09.2024 | "Global Challenges, Asian Solutions"- Second Asia New Vision Forum Concludes Successfully | SINGAPORE, Sept. 30, 2024 /PRNewswire/ -- On September 26, the second Asia New Vision Forum concluded successfully in Singapore. Over 400 decision-makers, business leaders and experts from around the globe attended the two-day event, engagi... |
| 04.09.2024 | China's services activity expansion slows in August, Caixin PMI shows | Asian MarketsChina's services activity expansion slows in August, Caixin PMI shows
By ReutersSeptember 4, 20241:49 AM UTCUpdated ago
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| 05.08.2024 | CATL dives into electric aircraft with a bet on AutoFlight | China’s CATL pushed a little deeper into flying cars on August 3 when AutoFlight, a Shanghai-based electric aircraft startup, announced it will raise “several hundred million US dollars” in a fundraising round from the electric vehicle batt... |
| 01.08.2024 | China's Manufacturing Woes Cast Shadows Across Asia | China's manufacturing sector is stumbling. The latest data reveals a troubling trend. The Caixin/S&P Global manufacturing Purchasing Managers' Index (PMI) dropped to 49.8 in July, a stark decline from 51.8 in June. This marks the first ... |
| 01.08.2024 | Chinese factories poised for 'cruel summer' as PMI surveys raise outlook risks | Asian MarketsChinese factories poised for 'cruel summer' as PMI surveys raise outlook risks
By Ellen Zhang and Ryan WooAugust 1, 20243:29 AM UTCUpdated ago
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| 01.08.2024 | China's factory gloom weighs on Asia's manufacturers | Asian MarketsChina's factory gloom weighs on Asia's manufacturers
By Leika KiharaAugust 1, 20244:30 AM UTCUpdated ago
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| 01.08.2024 | China’s Factory Activity Contracts in July for First Time in Nine Months, Caixin PMI Shows | (Yicai) Aug. 1 -- Activity in China’s manufacturing sector fell last month for the first time since October, tipping into contraction territory, as demand shrank and production slowed, according to a widely watched private survey.
The Caixi... |
| 01.07.2024 | China’s Factory Activity Hits Thee-Year High in June, Caixin PMI Shows | (Yicai) July 1 -- Activity in China’s manufacturing sector increased for the eighth straight month in June to the most in three years, driven by increased production, according to a closely-watched private survey.
The Caixin manufacturing p... |
| 01.07.2024 | Visa, MasterCard Cut Fees Vendors Charged for Foreign Card Payments in China | (Yicai) July 1 -- International bank card clearing institutions Visa and MasterCard have cut Chinese merchants’ handling fees for transactions made by foreign bank card holders.
Merchants in the Chinese mainland are paying lower handling fe... |
| 13.06.2024 | Second edition of Asia New Vision Forum will be held in Singapore from 25 to 27 September 2024 | SINGAPORE, June 13, 2024 /PRNewswire/ -- The Asia New Vision Forum will hold its second edition in Singapore from September 25 to 27, 2024. The theme of this year's Forum is "Global Challenges, Asian Solutions", where it aims to d... |
| 03.06.2024 | Caixin Summer Summit 2024 Concludes Successfully: Embracing 'New Missions, New Responsibilities' | HONG KONG, June 3, 2024 /PRNewswire/ -- Caixin Summer Summit 2024, hosted by Caixin Media, concluded in Hong Kong, China on May 31. Supported by the Hong Kong SAR Government and the Hong Kong Tourism Board, this year's summit centered aroun... |
| 03.06.2024 | Caixin Summer Summit 2024 Concludes Successfully: Embracing 'New Missions, New Responsibilities' | HONG KONG, June 3, 2024 /PRNewswire/ -- Caixin Summer Summit 2024, hosted by Caixin Media, concluded in Hong Kong, China on May 31. Supported by the Hong Kong SAR Government and the Hong Kong Tourism Board, this year's summit centered aroun... |
| 30.04.2024 | China’s April activity growth slows, raising doubts on economic recovery | China experienced a slowdown in growth in both its manufacturing and services activities in April, indicating a sluggish start to the second quarter for the world’s No. 2 economy.
Despite a strong growth rate of 5.3 per cent last quarter, t... |
| 29.04.2024 | China's April factory activity likely expanded at slower speed: Reuters poll | Macro MattersChina's April factory activity likely expanded at slower speed: Reuters poll
By ReutersApril 29, 20245:41 AM UTCUpdated ago
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| 28.04.2024 | Chinese government offers new subsidies to rev up auto demand | Chinese consumers are being offered at least RMB 7,000 ($986) in subsidies to trade in their old, less environmental-friendly vehicles for new and more energy-efficient ones, in the latest measure by Beijing to boost car sales amid slowing ... |
| 15.04.2024 | Open-source models “make little sense,” says Baidu CEO | Open-source models “make little sense” according to Baidu CEO Robin Li in an internal company memo in which he argued that closed-source models have stronger capabilities, Chinese media outlets reported on Weekend. As one of the bases for s... |
| 01.04.2024 | China’s Factory Activity Hits 12-Month High in March, Caixin PMI Shows | (Yicai) April 1 -- Activity in China’s manufacturing sector remained in positive territory for the fifth straight month in March, reaching the highest level since March last year, according to a widely watched private survey.
The Caixin man... |
| 26.03.2024 | Alibaba deepens price war as Taobao provides independent channel for B2B business 1688 | Alibaba’s wholesale marketplace 1688 recently opened three official online shops on Taobao, strengthening the company’s low-price strategy which is expected to see increasing low-priced supplies flowing in. According to Chinese media agency... |
| 18.03.2024 | China’s EHang partners with automaker GAC to develop flying cars | Chinese flying taxi maker EHang has recently reached a partnership agreement with state-owned automaker GAC Group to develop driverless passenger drones, a move chief executive Hu Huazhi told investors on March 15 would “capitalize on” GAC’... |
| 18.03.2024 | VW Tiguan to use drone maker DJI’s ADAS technology for urban driving | The newest China-made Volkswagen Tiguan cars will use the advanced driver assistance system (ADAS) sourced from DJI, which the drone maker said will complete most trips autonomously on Chinese urban streets at the cost of just RMB 7,000 ($9... |
| 07.03.2024 | Beijing grants greater independence for EV development of state-owned automakers | Chinese car manufacturers FAW Group, Dongfeng Motor, and Changan Automobile will have more leeway and independence in conducting their work, as the country’s state assets regulator said on Wednesday, in an effort to boost the development of... |
| 03.01.2024 | Li Auto delays launch of first battery EV til March | Li Auto has decided to put off launching the Mega, its latest battery-powered EV, from its earlier slated December. The Nasdaq-listed EV maker said it now plans to begin delivery of the allrounder on March 1, without giving reasons for the ... |
| 21.12.2023 | Car tech firm iMotion shares slump 13% in Hong Kong debut | Chinese auto tech startup iMotion saw its stock end almost 13% below its initial public offering price on Wednesday in an underwhelming Hong Kong debut, reflecting investors’ concerns about its heavy reliance on a single client in a competi... |
| 27.11.2023 | Alibaba donates its Quantum Lab to Zhejiang University | Damo Academy, the research initiative of e-commerce giant Alibaba, has donated its Quantum Lab and related equipment to Zhejiang University, the company told local outlet Caixin after an early report claimed the cutting-edge disciplines-foc... |
| 01.11.2023 | BYD reports surging profits and robust overseas sales in Q3 | On Monday, BYD reported a record net income of RMB 10.4 billion ($1.42 billion) for July to September, marking the Chinese electric vehicle maker’s largest quarterly profit ever and representing an 82.2% increase from a year earlier. The gr... |
| 19.09.2023 | Former WTO chief expects anti-dumping measures on Chinese EVs by EU regulators: report | Pascal Lamy, the former director-general of the World Trade Organization, stated on Sept. 16 that he anticipates the EU and China could resolve a looming trade dispute concerning electric vehicles through an agreement not to sell them below... |
| 13.09.2023 | Huawei grants early access to Mate 60 phones for Aito M7 EV owners | Aito, a Chinese electric vehicle brand backed by Huawei, launched the redesigned version of its M7 sports utility vehicle on Tuesday. The updated model features Huawei’s latest HarmonyOS operating system for cars and is priced at RMB 40,000... |
| 11.09.2023 | Chinese EV maker WM Motor’s Hong Kong IPO collapses | On September 10, Chinese electric vehicle manufacturer WM Motor announced the voluntary termination of its RTO (Reverse Takeover) process with Apollo Future Mobility Group (AFMG) on the Hong Kong Stock Exchanges and Clearing. The move means... |
| 11.09.2023 | BMW MINI to produce electric vehicles in China in 2024 | BMW MINI will start producing pure electric models in China in 2024, with plans to export EVs overseas in the same year, according to a September 8 report by Chinese news outlet Caixin. Production will be managed by Spotlight, a joint ventu... |
| 28.08.2023 | Chinese AI company SenseTime initiates new round of layoffs in overhaul | Chinese AI company SenseTime has reportedly reduced staff across various departments. Affected individuals have been notified to leave within a week at the earliest, marking the firm’s second large-scale downsizing in less than a year. Acco... |
| 23.08.2023 | Alibaba’s workplace communications platform DingTalk integrates large language model | Alibaba’s workplace communications platform DingTalk announced on August 22 that it has seamlessly integrated a large language model across its 17 product lines and 55 application scenarios. The new version of DingTalk with LLM-supported fu... |
| 21.08.2023 | Lenovo appoints former Goldman Sach director John Thornton as non-executive director | The world’s largest PC maker Lenovo announced on August 18 that John Thornton has been appointed as the company’s independent non-executive director and a member of its Nomination and Governance Committee for a three-year term, according to... |
| 16.08.2023 | iFlytek unveils updated LLM SparkDesk V2.0 and new product iFlyCode 1.0 | iFlytek, a Chinese company focused on intelligent speech and AI, unveiled the updated version of its large language model SparkDesk and a programming assistant called iFlyCode at a product launch on August 15, according to Chinese media out... |
| 15.08.2023 | DingTalk to operate independently after Alibaba Cloud’s spin-off from Alibaba Group for IPO | DingTalk, Alibaba Cloud’s business communication and collaboration platform, will develop independently after Alibaba Cloud spins off from Alibaba Group to seek an IPO, according to an August 15 report by Chinese news agency Caixin. DingTal... |
| 03.08.2023 | Tencent starts internal testing of ChatGPT-like product HunYuan Aide | At Tencent’s financial report meeting held in May earlier this year, the company’s CEO, Pony Ma, said that the artificial intelligence phenomenon is not merely a once-in-a-decade opportunity but a rare chance to invent something revolutiona... |
| 18.07.2023 | China’s biggest chip foundry SMIC appoints Liu Xunfeng as new chair | Semiconductor Manufacturing International Corporation (SMIC) announced on Monday that Gao Yonggang had resigned from the positions of chair and executive director, with deputy chair Liu Xunfeng stepping up as the new leader. Gao was appoint... |
| 17.07.2023 | Shenzhen partners with Ehang and AutoFlight to develop low-altitude economy | On July 13, the government of Bao’an District in Shenzhen signed a memorandum of understanding with two leading flying car companies in China, Ehang and AutoFlight. The agreement aims to foster collaboration in commercial activities and ser... |
| 05.07.2023 | BYD’s Denza N7 to integrate advanced assisted driving features | Chinese automaker BYD’s brand Denza plans to add advanced assisted driving functions to its newly-released SUV model N7 by the end of 2023. The autopilot mode will come first, and an urban autopilot option will follow in Q1 2024, expected t... |
| 05.07.2023 | Shenzhen to launch open bid for shared bike operations | Shenzhen announced an open bid for the shared bikes market on July 3, marking the first time it will release the shared bike operation quota through an open bid. The bid, valid for 3 years, will enable the government to assess winning compa... |
| 04.07.2023 | Huawei and Seres build working group for EV brand AITO | Huawei-backed automotive brand AITO released an internal letter saying it had agreed to establish a joint working group with automaker Seres to develop AITO’s marketing, sales, delivery, service, and channel management. The two companies cr... |
| 04.07.2023 | Flying car maker Aerofugia receives financing worth more than 100 million yuan | On June 30, Aerofugia, a Chinese automaker under the Geely Group that focuses on aviation and flying cars, announced it closed a Series A funding worth more than 100 million RMB ($13.78 million). The financing, led by Tsinghua Holdings Capi... |
| 03.07.2023 | RoboSense files for Hong Kong IPO amid LiDAR industry challenges | RoboSense, a global leader in Smart LiDAR Sensor Systems, has filed an IPO application with the Hong Kong stock exchange. JP Morgan and China Renaissance sponsored the filing. Amid a competitive price war in the Chinese EV sector, auto manu... |
| 03.07.2023 | Black Sesame Technologies files for Hong Kong IPO, prioritizes automotive SOCs and smart vehicle solutions | On June 30, Black Sesame Technologies, an auto System on Chip (SoC) company, filed an IPO application to the Hong Kong stock exchange. CICC and Huatai International jointly back the process. According to the prospectus, the funds that have ... |
| 28.06.2023 | China’s SAIC denies losing control over Indian subsidiary MG Motor | Chinese automaker SAIC on Monday denied reports that it is likely to lose majority control over its subsidiary MG Motor India, saying it strictly abides by the relevant laws and regulations of the countries in which it operates its overseas... |
| 28.06.2023 | Chinese self-driving truck startup Qingtian Truck to shut down | Qingtian Truck, a Chinese autonomous truck startup founded by former engineers from Pony.ai, is shutting down, according to an internal letter obtained by Caixin on Wednesday. The company informed employees on June 16 that it would be condu... |
| 21.06.2023 | iFLYTEK’s Spark Cognitive Model: A Beacon or a Mirage in the AI Landscape? | Amid China’s recent AI surge, iFLYTEK, a pioneer in the AI industry, has spearheaded numerous national projects, earning its place as a leading player. Now, it aims to capitalize on the AI wave ignited by ChatGPT, leveraging its expertise f... |
| 20.06.2023 | Tencent releases large-scale model product Tencent Cloud Maas | On June 19, Chinese tech giant Tencent announced its new large-scale model product Tencent Cloud MaaS (Model as a Service). Tencent defines the product as a “curated store”, offering tailored services supported by large-model technology, da... |
| 19.06.2023 | J&T Express plans HKEx listing, seeks funds for logistics expansion | On June 16, J&T Express submitted its prospectus to the Hong Kong stock exchange, planning to list on the main board. The IPO is co-sponsored by Morgan Stanley, Bank of America Securities, and CICC. According to the prospectus, the fund... |
| 14.06.2023 | China’s CATL showcases battery swap technology for heavy trucks | On Monday, CATL announced that it will develop swappable batteries specifically designed for electric heavy trucks, with plans to establish corresponding swap facilities in collaboration with partners. This initiative falls under the new br... |
| 12.06.2023 | China calls for global EV battery standardization | China is hoping to standardize EV batteries internationally, with former Minister of Industry and Information Technology Miao Wei proposing modified standards and simplified specifications for batteries during a speech at the World Power Ba... |
| 09.06.2023 | Chinese EV maker Letin’s bankruptcy application denied | Chinese electric vehicle maker Letin, also known as Levdeo, filed for bankruptcy on May 5, but its court application was rejected on June 7. Founded in 2008, the company made low-speed electric vehicles for less demanding drivers (the brand... |
| 08.06.2023 | Sanan Optoelectronics and STMicroelectronics to build $3.2 billion semiconductor joint venture in Chongqing | On Wednesday, China’s Sanan Optoelectronics and Europe’s STMicroelectronics signed an agreement to build a $3.2 billion semiconductor joint venture in Chongqing, supporting rising domestic demand for silicon carbide devices in the electric ... |
| 07.06.2023 | Tencent’s AI-assisted diagnosis software receives approval from Chinese medical authority | On June 1st, Tencent’s health unit secured Class III approval from China’s National Medical Products Administration (NMPA) for its AI-powered diagnostic software for colonic polyps. The product is specifically designed for detecting adult c... |
| 26.05.2023 | Great Wall Motor accuses BYD of excess emissions in rare public spat | In a rare public spat involving two Chinese auto majors, Great Wall Motor criticized BYD on Thursday for using cheaper components to circumvent certain pollution standards. The car manufacturer issued a statement indicating that on April 11... |
| 12.05.2023 | Oppo disbands in-house chip design unit | Chinese smartphone maker Oppo is closing its chip design business Zeku, disbanding its research and development team and impacting the jobs of thousands of people. “Uncertainties in the global economy and the mobile phone market” as well as... |
| 10.05.2023 | Changan to launch new affordable EV brand this year: chairman | Chinese automaker Changan announced on Monday that it will be launching a new electric vehicle brand called “Qiyuan” this year. The brand is aimed at families looking for products within the price range of RMB 100,000 to RMB 200,000 ($14,44... |
| 09.05.2023 | Short video platform Douyu fined for obscene content | Regulators from the Cyberspace Administration of China (CAC) have sent a provincial-level working group to Hubei-based short video app Douyu to supervise a month-long rectification action after the livestreaming platform was placed on conse... |
| 08.05.2023 | iFlytek unveils large language model, claims it outperforms ChatGPT | On May 6, Chinese voice recognition software company iFlytek unveiled its own artificial intelligence language model called SparkDesk, with the aim of challenging ChatGPT in education and enterprise uses. iFlytek chairman Liu Qingfeng claim... |
| 05.05.2023 | Temu owner PDD changes main overseas offices to Dublin amid rapid international expansion | PDD, the owner of budget shopping apps Temu and Pinduoduo, has changed its offshore jurisdictions and principal executive offices to Dublin, according to its corporate filings to the US securities regulator the SEC. The adjustment comes as ... |
| 21.04.2023 | Google-backed Mobvoi rolls out ChatGPT rival | On Thursday, Beijing-based tech firm Mobvoi launched its own AI large model called Xulie Houzi (which loosely translates as “Sequencing Monkey”), two months after co-founder and CEO Li Zhifei announced his intention to create a Chinese vers... |
| 20.04.2023 | Meituan launches monthly takeout livestreaming events | During an eleven-hour live event hosted by Meituan on Tuesday, Chinese ice cream and tea chain Mixue Bingcheng surpassed RMB 100 million ($14.5 million) in sales and Luckin Coffee sold a million coconut lattes. The success of the event has ... |
| 11.04.2023 | Chinese AI firm SenseTime releases ChatGPT challenger that gives medical advice | SenseTime, a Chinese artificial intelligence firm, unveiled its large-scale model system SenseNova on Monday, which includes a chatbot tool, text-to-image generator, and avatar video generator. The company’s CEO Xu Li showcased its SenseCha... |
| 06.04.2023 | PDD Holdings appoints Zhao Jiazhen as co-CEO, focusing on China business | On Tuesday, PDD Holdings (owners of Pinduoduo and Temu) announced that Zhao Jiazhen will serve as the executive director and co-CEO. Zhao will partner with the current CEO Chen Lei. The two will focus on different parts of the business, wit... |
| 30.03.2023 | More than 94% of China’s internet population now watches short videos | The number of people watching short form videos exceeded 1.01 billion in China as of December 2022, accounting for 94.8% of the country’s online population, according to a report from the official-backed China Internet Audio & Video Con... |
| 29.03.2023 | Alibaba to split into six units, paving way for separate listings | Alibaba announced on Tuesday that it intends to split its operations into six standalone units, each managed by a different chief executive. CEO Daniel Zhang announced the restructuring in an internal email on Tuesday, stating that each uni... |
| 24.03.2023 | CATL to ship higher-capacity Qilin battery to Geely’s EV brand: report | CATL has begun mass production of a new high-capacity lithium-ion battery, called Qilin in Chinese, and will initially ship it to Geely’s electric vehicle brand Zeekr. The company’s 009 vans equipped with the batteries will be available to ... |
| 13.03.2023 | Zhang Xin to head up China’s semiconductor “Big Fund” | Former inspector at the Ministry of Industry and Information Technology Zhang Xin has replaced Ding Wenwu as director and general manager of China’s semiconductor “Big Fund,” according to Chinese media outlet Caixin. The move comes after Di... |
| 07.03.2023 | Xiaomi on track to deliver first EV in H1 2024: CEO | Xiaomi has conducted cold-weather testing of its first electric vehicle and remains on track to begin mass production in the first half of 2024, chief executive Lei Jun said on Monday. The car will fall in the price range of RMB 100,000 to ... |
| 03.03.2023 | Alibaba’s T-Head foresees RISC-V to support more advanced scenarios in China | Alibaba’s chip unit T-Head said it foresees RISC-V, an open-sourced architecture for computer processors, to be used in more advanced scenarios in China. RISC-V has already been used in less-demand scenarios such as IoTs, Meng Jianyi, vice ... |
| 02.03.2023 | Huawei spin-off Honor sets sights on Europe | Chinese phone maker Honor has set a goal of rapid growth in the European market in 2023, according to CEO Zhao Ming. “We’ve started in Asia Pacific, the Middle East, Africa, Latin America, and now it’s time for us to expand into Europe,” Zh... |
| 15.02.2023 | Chinese farm drone maker XAG posts triple-digit growth overseas | Chinese agriculture drone maker XAG saw its overseas business revenue increase 128% in 2022, with its Southeast Asia and Latin America business growing 155% and 248% respectively, local media outlet Caixin reported on Tuesday. Cao Nan, head... |
| 15.02.2023 | China’s game industry sees first negative growth in 5 years | For the first time in five years, China’s game industry has experienced an annual decline in revenue and users. At the China Game Industry Annual Conference in Guangzhou on Tuesday, the 2022 China Game Industry Report was released, revealin... |
| 01.02.2023 | US considers cutting off Huawei from all its US suppliers | The Biden administration is considering banning all US suppliers, including Intel, Microsoft, and Qualcomm, from exporting to Huawei. Responding to the possible blanket ban, Chinese foreign ministry spokesperson Mao Ning said on Tuesday tha... |
| 03.01.2023 | GAC Aion reveals high-end coupe Hyper GT | Chinese automaker GAC Aion released the Hyper GT, a coupe aimed at the mid- to high-end market, at the 2022 Guangzhou Auto show on Dec. 30. The model, which is being touted as “the world’s lowest wind resistance production car,” will be pri... |
| 03.01.2023 | Huawei declares return to normal operations in 2023 despite ongoing restrictions | On Dec. 30, Chinese smartphone maker Huawei announced that the company has exited the “crisis status” it entered in response to the US sanctions enacted against it in 2019, with the telecom giant expecting total sales to reach RMB 636.9 bil... |
| 30.12.2022 | China’s daily production of ibuprofen and paracetamol increases fourfold within a month | Daily production and supply of ibuprofen and paracetamol in China has increased more than fourfold compared to early December, with daily production now up to 190 million tablets, Vice Minister of Industry and Information Technology Wang Ji... |
| 29.12.2022 | Alibaba CEO Daniel Zhang to oversee Alibaba Cloud directly: report | Alibaba chairman and CEO Daniel Zhang is set to serve as president of Alibaba Cloud, replacing the unit’s former head Zhang Jianfeng, according to an internal email seen by Caixin. Daniel Zhang will take charge of the cloud computing unit a... |
| 23.12.2022 | Redmi head Lu Weibing to replace Wang Xiang as new Xiaomi president | Xiaomi has nominated Lu Weibing, head of its sub-brand Redmi, to be the firm’s new president, with the current president Wang Xiang due to retire by the end of December. Aged 61, Wang Xiang was head of the greater China business of Qualcomm... |
| 28.11.2022 | State-backed Chinese chipmaker SMEC to list in Shanghai | Chinese chip foundry, Semiconductor Manufacturing Electronics Corporation (SMEC), obtained approval to go public in the Shanghai Stock Exchange’s STAR Market, on Nov. 25. According to the approval file, SMEC will release no more than 1.69 b... |
| 14.11.2022 | Japan partners with US to invest $503 million in 2nm chip tech | The Japanese government revealed its plan to develop the local semiconductor industry, investing 70 billion yen ($503 million) for 2nm chipmaking tech in a document on the official website of the country’s Ministry of Economy, Trade and Ind... |
| 04.11.2022 | Lenovo sees first revenue fall in two and half years but still beats expectations | Leading PC vendor Lenovo reported revenue of $17.09 billion with a 4.36% yearly fall in the quarter that ended Sept. 30 on Thursday. It is the firm’s first time experiencing a yearly revenue decline since the end of March 2020. Nevertheless... |
| 27.10.2022 | China’s auto exports surpass last year’s total as BYD sees biggest growth | Car manufacturers in China shipped around 2.26 million vehicles in the first nine months of 2022, up 51.6% from a year earlier and exceeding last year’s total unit export of 2.12 million, according to the latest official customs data. Speci... |
| 20.10.2022 | About 5% of ASML’s undelivered orders to China to be affected by US export control | Major chipmaking equipment provider ASML said at a Wednesday earnings call that 5% of ASML’s yet-to-be-delivered orders to China would be affected by the new export controls from US officials. Peter Wennink, CEO of ASML, said that a third o... |
| 14.10.2022 | Samsung, SK Hynix, and Intel obtain one-year reprieve for factories in China | Major chip makers Samsung, SK Hynix, and Intel obtained licenses for their factories in China this week as a reprieve from new US restrictions issued on Oct. 7, after negotiating with the Bureau of Industry and Security under the US commerc... |
| 16.09.2022 | China’s semiconductor “Big Fund” executive Ren Kai reportedly under investigation | Ren Kai, executive of the National Integrated Circuit Industry Investment Fund – known in China’s semiconductor industry as the “Big Fund,” was detained by authorities on Thursday morning and is under investigation, according to Chinese med... |
| 08.09.2022 | US to invest $50 billion in spring 2023 as it looks to counter Chinese chip development | The US Department of Commerce has announced that it will release $50 billion in funding next spring from the bipartisan Chip Act signed by President Biden last month. The chip funding is one of the four policy tools set up under the act, pr... |
| 31.08.2022 | Chinese display makers saw downturn as market demand weakens | Over six major Chinese display makers reported a drop in net profits for the first half of this year. BOE, TCL, and Tianma Microelectronics saw 48.94%, 90.2%, and 30.19% year-on-year decreases, respectively, in the first half of 2022. Liu Y... |
| 25.08.2022 | US adds seven Chinese aerospace entities to export control list | The US Bureau of Industry and Security (BIS) added seven Chinese aerospace electronics entities to its Entity List on Wednesday, restricting tech exports to them from US companies. BIS stated that the entities perform activities “contrary t... |
| 22.08.2022 | The UK declines Chinese firm’s acquisition of EDA company Pulsic | The UK government declined a Chinese firm’s acquisition of electronic design automation (EDA) software company Pulsic on August 17, citing potential threats and the violation of the National Security and Investment Act 2021. Detailing the r... |
| 22.08.2022 | On a tightrope: Bona Film Group finally joins the A-share market | |
| 17.08.2022 | China has about 10 million electric cars and way too few charging stations | |
| 15.08.2022 | Huawei sees its first quarterly revenue growth since Q4 of 2020 | Huawei has reported its first quarterly revenue growth since the fourth quarter of 2020. The company was hit by one of the harshest US sanctions in September 2020. For the second quarter of 2022, the Chinese telecom giant recorded RMB 170.6... |
| 15.08.2022 | The US barrs China from accessing advanced chipmaking EDA software | The US Bureau of Industry and Security announced a new ban on exporting semiconductor tech to China on August 12, including specific electronics design automation (EDA) software for making 3nm and more advanced chips. The banned EDA softwar... |
| 10.08.2022 | Three more semiconductor “Big Fund” executives face corruption investigation | China’s investigation into the National Integrated Circuit Industry Investment Fund – known in China’s semiconductor industry as the “Big Fund” – continues to gather pace with three more executives under inquiry, according to an announcemen... |