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On Monday, BYDs market value rose past RMB 1.16 trillion ($160 billion) to overtake that of CATL in mainland China for the first time in seven years, hours before the launch of its newest generation of electric vehicle platform, considered a major breakthrough for EV charging. The Chinese automakers shares rose about 1.2%
China imposed stringent export controls on two critical semiconductor materials, germanium and gallium, in 2023, a move that has since rippled through global markets.
Since announcing the Han L, BYD's market value has skyrocketed. Tesla's stock, meanwhile, crashed by 4 percent just on premarket trading alone, thanks to tumbling sales in China , Cybertruck quality issues , and the BYD charging race. Despite tariffs and trade war escalations, China's global slice of the EV pie is steadily growing.
China Construction Third Engineering Bureau, a state-owned construction contractor, recently announced the project’s main structure was capped in just 80 days. Last year, air-conditioner shipments in China reached around 102 million units, reflecting a 5.86% year-on-year growth, the Baidu data suggested.
This week it was reported that Wynn-Williams also filed a whistleblower complaint to the Securities and Exchange Commission (SEC) in April, alleging that Facebook (now Meta) misled investors about its efforts to enter China. Specifically, Meta alleges that Wynn-Williams violated the non-disparagement agreement she signed as an employee.
As reported by The Information (paywalled article), the situation has led to demand for the China-specific RTX 5090D reaching a point where the cards are being sold on the black market. DeepSeek's industry-disrupting R1 models can efficiently run on consumer GPUs, rather than expensive AI accelerators such as the H20.
In China, it starts at 529,900 RMB ($72,750), which sounds very, very reasonable for a car like this. As for availability, the car is now available in China; we're not sure when it'll become available in other markets. Perhaps the most notable aspect of the Xiaomi SU7 Ultra is the price.
In September last year, the US further tightened sanctions against China by instructing Nvidia and AMD to stop selling their high-performance AI-focused GPUs to the country (and Russia), a restriction aimed at preventing the US companies' top hardware from being used by or diverted to military users and finding their. Read Entire Article
Steam Global seems to have been banned in China, according to a report from TheGamer. Reliable Fortnite leaker and data miner Ricky Owens (aka iFireMonkey) first noticed the ban and tweeted out a screenshot of what appears to be Steam on a list of blocked websites in China. Illustration by Alex Castro / The Verge.
China’s energy and auto giant BYD has announced an ultrafast EV charging system that it says is nearly as quick as a fill up at the pumps. It plans to build more than 4,000 of the new charging stations across China. BYD’s news appeared to give Tesla a jolt on Monday, as the U.S.
Enter China's Tecno, which brought the world's thinnest smartphone (according to Tecno) to the Mobile World Congress (MWC) in Barcelona: the Spark Slim. I've spent just a small amount of time with it, but it seemed polished enough to me, so I wouldn't be surprised if it actually did hit the market at some point.
China has seen its high-end Nvidia RTX 4080 and RTX 4090 D prices increase recently, writes IT Home. Citing reports in the Taiwanese media, it adds that this trend has now spread to other products further down Nvidia's card hierarchy, with add-in board partners set to raise prices by around 10% on average. Read Entire Article
According to Etienne Ng, Regional Director of Southeast Asia at Weixin Pay, Tencent, the effort began roughly two years ago, around 2023, with a partnership between Weixin Pay and the Singapore Tourism Board as China began reopening after the COVID-19 pandemic. The event typically takes place in Guangzhou, where Weixin is headquartered.
The People's Bank of China on its website wrote that all cryptocurrencies, including Bitcoin and Tether, are not fiat currency and cannot be circulated on the market.
Speaking at the Reagan National Defense Forum in Simi Valley, California, on Saturday (via BNN Bloomberg), Raimondo said her department needed more funding to address China's "rapidly growing" semiconductor markets to deny the country the most cutting-edge technology from the US. Read Entire Article
Much like in other countries, China's smartphone market is going through a rough patch. Its mobile market shrank by 7% in the first few weeks of the year, with Huawei and Honor the only top manufacturers to see YoY unit sales growth, writes Counterpoint Research. Read Entire Article
Last April, Sarah Wynn-Williams, a former Facebook global policy director who was fired in 2017, revealed in a complaint filed with the SEC that Facebook sought a foothold in the Chinese social media market. It hoped to achieve this by creating a version of its platform that complied with China's. Read Entire Article
While still small at 5%, Chinas share of the global memory chip market is growing, and market leaders SK Hynix, Samsung, and Micron should be worried. There are fewer design barriers, unique features, or proprietary breakthroughs required, and as such it is a highly price volatile market. trillion won.
Analyst firm IDC's latest report on the state of the PC market shows total shipments in the second quarter reached 64.9 That figure would have been higher were it not for weak results in China holding the global. million, a 3% increase compared to the same period a year earlier. Read Entire Article
Chinas Li Auto has established after-sales and service centers in several Middle Eastern countries and set up an independent department to oversee its efforts to boost its international expansion. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.
Porsche said Tuesday it is undergoing a major restructuring in China to improve operating expense efficiency and remain agile in a highly competitive industry, following reports that it would cut about 30% of its workforce in the country.
The market could be an escape hatch for the iPhone manufacturer if rising US-China tensions threaten its current primary revenue stream. Foxconn chairman and CEO Young Liu recently detailed the company's plans to expand its electric vehicle business. Read Entire Article
READ MORE: NIO CEO says company prepared for market upheaval in 2025 Leveraging our Choco-Swap and the parallel operations of both CATLs and NIOs networks, we are able to build a smart power network that caters to a wide range of needs across multiple levels and dimensions, CATL founder and chairman Robin Zeng said in a statement.
Apple will use Alibaba's generative AI to power artificial intelligence features for iPhones meant for sale in the Chinese market. He revealed that Apple talked to a number of other companies in China for a potential partnership, but it decided to team up with Alibaba in the end.
As China looks to reignite growth, what role will its technology industry play? Is there enough capital flowing to support a new generation of tech startups that could keep China competitive? The Exchange explores startups, markets and money. Other factors played into China’s slowing economic growth.
One of the biggest dealers for Audi in China has decided to part ways with the German luxury carmaker and changed course to sell electric vehicles enabled by Huaweis in-car technologies, the latest example of global automakers scaling back in the hotly competitive market. New car sales of Audi in China declined 8.5%
Chinas EV giant has been operating its biggest production base in the capital city of central China’s Henan province since April, 2023, with around 60,000 workers. The firm ships vehicles from the plant to overseas markets such as Europe. Reuters , CGTN, TechNode reporting]
The sudden rise of China's AI startup DeepSeek sparked a sharp fall in Nvidia's share price at the beginning of this year. The company's plans moving forward could certainly inspire a rise or fall amid that shift in the market. The tech world and Wall Street will certainly be interested in Huang's keynote.
Kommersant business daily (via Tom's Hardware), citing sources close to Russia's Ministry of Digital Development and in the electronics market, writes that the Chinese government has banned the supply of Loongson processors based on its own LoongArch architecture to the Russian Federation and other countries.
Nikkei Asia writes that Chinese semiconductor makers are turning to Japan for used equipment in the wake of US sanctions, sending up prices in the country's second-hand market. With the worldwide chip shortage still causing supply problems across multiple industries, even older, out-of-date machines are selling fast; this has seen.
April was a boom month for crypto as Bitcoin reached its record high of $64,000, helping push the market’s overall cap above $2 trillion. But several factors, including China's clampdown on mining and Elon Musk’s influence, saw BTC’s price fall more than half by mid-July.
On Tuesday, Chinas State Administration for Market Regulation (SAMR) announced the launch of an investigation of Google for suspected violations of the countrys anti-monopoly laws. Google has not operated in mainland China since March 2010 due to issues related to information censorship. SAMR, in Chinese ]
China's largest flash memory maker Yangtze Memory Technologies Co (YMTC) is suing Micron Technology for patent infringement. The former alleges that its American competitor has been using its intellectual property to develop and manufacture 3D NAND products and "freeriding" to maintain its market share. Read Entire Article
This is a milestone for a market-wide standardization to take place in China, Yang Jun, chief executive of CATLs battery swapping arm CAES, said at a press conference in the eastern province of Fujian, where the company is headquartered (our translation).
Why it matters: JDs entry into the food delivery sector could reshape the competitive dynamics of the market, with the firms strong logistics infrastructure and differentiated approach of targeting quality merchants. For consumers, this expanded choice might lead to better service and quality options. Details: With Meituan and Ele.me
India was the second-biggest smartphone market in the world in 2019, ahead of the US and second only to China. According to TechCrunch , Apple plans to scale up production in India, which would in turn reduce how much it depends on China, where most of its iPhones are currently made.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. China postpones Ant’s colossal IPO after closed-door talk with Jack Ma.
In 2024, smartphone shipments in mainland China reached 285 million units, a year-on-year growth of 4%, according to market analyst firm Canalys. Vivo led the annual market with a 17% share and shipments of 49.3 million units, while Huawei ranked second with a 16% share and 46 million units shipped. Canalys , in Chinese]
The Chinese TV market has been getting interesting lately, with Hisense bringing a 65-inch 4K HDR model to the table for $865, and now Xiaomi announcing the bigger, more expensive Redmi Max 100 that's soon launching locally for 19,999 RMB (~$3,150).
In the suit, filed by Utah's Division of Consumer Protection (UDCP), Attorney General Sean Reyes accuses TikTok of violating Utah's consumer laws by deploying and marketing "an addictive product with design features intended to manipulate children." It's also accused of misrepresenting the safety of the app and deceptively claiming it.
Until now, its consoles were only accessible to US customers through imports from third-party retailers or ordering directly from China. Ayaneo isn't a household name like Nintendo, Sony, or Microsoft, partly due to the limited availability of its products. However, that's about to change. Read Entire Article
Clothing, electronics, toys, automobiles, musical instruments, furniture — you name it and you’ll find a manufacturer in China who can turn your intangible concept into mass-manufacturable reality in mere days. China is also home to one of the world’s largest e-commerce and tech ecosystems. What’s different about Chinese D2C?
Whether I’m writing about marketing, strategy, or technology, one idea always surfaces. Even if you have the tools to get up close and personal with members, without a savvy marketer on your staff, it’s unlikely you’ll be able to use that technology to the greatest advantage. Involve the marketing team in strategic decision-making.
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