China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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67,997 articles matching the search query.
Indonesia sends warship to monitor Chinese coast guard vessel
Indonesia has deployed a warship to its North Natuna Sea to monitor a Chinese coast guard vessel that has been active in a resource-rich maritime area, the country's naval chief said on Saturday of an area that both countries claim as their own.
Top financial forum shows way for Hong Kong on long road to recovery
Air of optimism among bankers and finance chiefs bodes well for Hong Kong as world continues to emerge from pandemic and more opportunities arise.
Alibaba enlists academics in lobbying effort to restore reputation
Push comes as group tries to recover from regulatory assault that wiped billions off its market value
Biden and Kishida Vow to Bolster U.S.-Japan Alliance as China’s Power Grows
The two leaders discussed tensions with China, North Korea and Russia and plans for deterrence in Asia with U.S. troops and missiles.
BYD Challenges Tesla for Global Electric Car Sales Supremacy
China’s top plug-in car maker has been expanding its model lineup, geographic footprint and manufacturing capacity to overtake Elon Musk.
Huayou Cobalt Said to Pick Citic for Up to $1 Billion GDR Sale
China’s Zhejiang Huayou Cobalt Co. has picked Citic Securities Co. to handle a sale of global depository receipts in Switzerland, people with knowledge of the matter said.
Cornell Professor Eswar Prasad Says Failure Of A Major Stablecoin Could Impact US Bond Market - USD Coin (USDC/USD), Binance USD (BUSD/USD)
Eswar Prasad, an economics professor at Cornell University, has reportedly cautioned the failure of a major stablecoin could have an impact on the U.S.
BYD aims to become India’s second-largest electric-car maker
China’s top-selling electric-car maker BYD is aiming to become India’s second-largest EV company this year, behind only homegrown car producer Tata Motors, as it rolls out more models including a battery-powered premium saloon. “If the technology has been accepted by consumers, then we can’t say no to the demand,” Sanjay Gopalakrishnan, BYD’s senior vice-president for India, told the Financial Times. BYD assembles its EVs in Chennai from semi-knocked down kits (SKDs), a process carmakers typically employ to avoid high import duties.
American Airlines shares soar after carrier updates 4Q profit, revenue expectations
American Airlines shares reached their highest point since May 2022 after the company said it will report a much bigger profit for the fourth quarter than previously expected.
American Airlines Raises Revenue Estimates as Travel Demand Holds Strong
American Airlines Group raised its revenue guidance for the recently ended quarter as demand for air travel remained strong through the holiday season, even as travelers contended with higher fares. The guidance update offers one of the first looks at how a U.S. airline fared during a critical holiday travel period that saw thousands of canceled flights amid winter storms. Fort Worth, Texas-based American Airlines had already expected fourth-quarter sales to be above prepandemic levels.
China Takes ‘Golden Shares’ in Alibaba, Tencent. It Wants Greater Role in Its Tech Sector.
E-commerce giants Alibaba and Tencent climbed on Friday despite reports the Chinese government is working to take so-called ‘golden shares’ in units of both companies. State-run investment funds have taken 1% stakes in two local Alibaba subsidiaries and appointed a board member to one of the units, Reuters reported, citing business-registration records. The Chinese government is also looking at taking a stake in one of Tencent’s main China operating subsidiaries, the Financial Times reported, citing people at the company briefed on the matter.
China moves to take ‘golden shares’ in Alibaba and Tencent units
China is moving to take “golden shares” in local units of Alibaba and Tencent as Beijing formalises a greater role in overseeing the country’s powerful technology groups. While the heavy-handed crackdown has ebbed, the government is increasingly snapping up small equity stakes in the local operations of big tech companies, as it recently did with TikTok owner ByteDance. The stakes, usually involving a 1 per cent share of internet groups’ key entities, are akin to “golden shares” as they come with special rights over certain business decisions.
China acquires 'golden shares' in two Alibaba units
China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd , business registration records showed, as Beijing extends a campaign to strengthen control over online content.
China to take ‘golden shares’ in tech firms Alibaba and Tencent
Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check
China's BYD accelerates drive into India's electric car market
World's top EV seller targets rapid sales growth in South Asian nation
Baidu-backed EV maker WM Motor acquired for $2 billion · TechNode
The $2 billion takeover is seen as a survival move for WM Motor, once a rival to Nio, Li Auto, and Xpeng, but now desperate for cash.
Sinica Podcast: Introducing TechBuzz China by Pandaily, plus Joanna Chiu on Hong Kong’s illicit wildlife trade
This week’s Sinica Podcast is now live: Listen to it now! Big news: The Sinica Podcast network is expanding! Today, we introduce a new podcast:…
Beijing gets friendly with the Koreas, Chinese consumers follow
Chinese foreign minister Wang Yi is in Pyongyang today, on a mission to “reinforce Beijing’s influence over its nuclear-armed neighbor,” the South China Morning Post…
World’s top pilots perform at the Zhengzhou Air Show
Some of the world’s best aircraft pilots showed off incredible stunts at the Zhengzhou Air Show in Henan Province from April 27 to May 1…
