The founder of Bridgewater Associates thinks that China is heading for a financial crisis.
More than 200 companies in the country, most of them fledgling manufacturers of electric vehicles (EV), are at risk of massive closure as stricter technology rules will be imposed by the government, which seeks to limit the number to only 10, China Daily reported.
Xiaomi Corp is looking for new markets and revenue source as it launched a smart vacuum cleaner on Wednesday, Aug. 31, amid a decline in its phone shipments and a tough challenge from its competitors, China Daily reported.
The appeal court in California has dismissed a lawsuit against AT&T on August 29 filed for deceiving a section of its consumers by FTC. However, possibility for counting monetary penalty by the wireless carrier still looms following FCC’s attempt over similar allegations.
European businesses are calling for reciprocity as more Chinese businesses enter Europe while tight regulations face foreign firms in China.
Alibaba is at risk of being added to the United States’ roster of counterfeit marketplaces as the Chinese-owned e-commerce company fails to root out fake products.
A new study by the Social Development Research Institute published on the official website of the National Development and Reform Commission revealed that companies are overburdened by social security contributions.
Chinese car-hailing service Didi formed a partnership with various taxi companies recently.
American car manufacturer Ford Motor Co. is reportedly struggling to sell its crossovers amid competitions with rivals.
David Drummond, an Alphabet executive has resigned from Uber’s board of directors several weeks ago. Since both the tech companies are in loggerheads over developing self driving cars, so analysts finds nothing new with the stepping down while predicting a repetition of history.
China’s recent restriction on canola imports from Canada reignited a debate on the motive behind it: whether it was purely science or was tainted by politics.
Google is now operating its own ride-sharing service in San Francisco via a mobile app that competes directly with Uber. The Alphabet company's new offering that launched as a pilot program in May uses its Waze app to connect commuters for carpooling to work. This move follows Alphabet executive David Drummond recently leaving Uber's board of directors.
Asia is not the only place that Chinese e-commerce giant Alibaba has set its eyes on, as it has also started to extend its reaches down under to Australia and New Zealand.
Alibaba Pictures Group’s investment in an online ticketing firm has paid off after its revenue increased by more 1,000 percent in the first half of the year, as the company vowed to raise film product at home and abroad and enhanced its e-commerce sales.
Analysts believed that the visit of the Chinese delegation to Hong Kong will build patriotism among the city’s residents.
