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China

Hong Kong Govt to Lead $5 Billion Rescue Package for...

Cathay Pacific Airways Ltd announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather the coronavirus pandemic. The government w... June 9, 2020 7:36 am By Neha Mule

Didi Chuxing CEO Says Ride Sharing Orders Recover to...

Didi Chuxing, China’s biggest ride-hailing company which counts SoftBank as a backer, saw its ride sharing orders in China this month recover to levels seen over the same period a year earlier, its founder a... June 8, 2020 12:23 pm By Neha Mule

Volkswagen Pumps 2 Billion Euros into China Electric...

Volkswagen AG plans to boost its electric push in China, the world’s biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players. Volkswagen Golf GTE plug-in hybrid charg... May 29, 2020 1:46 pm By Neha Mule

Baidu Finishes Building ‘World’s Largest’ Test...

Chinese search engine giant and artificial intelligence (AI) champion Baidu said on Tuesday that it has completed construction of what it claims to be the world’s largest testing ground for autonomous driv... May 28, 2020 10:32 am By Neha Mule

BYD Semiconductor Raises US$265 Million Ahead of Lis...

Chinese new energy vehicle giant BYD has raised 1.9 billion yuan (US$265 million) from 14 strategic investors to promote and expand its chipmaking arm BYD Semiconductor, which it plans to list independently, ... May 28, 2020 10:15 am By Neha Mule

Tencent to Invest $70 Billion in ‘New Infrastructu...

Chinese tech giant Tencent Holdings will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity, the co... May 26, 2020 8:46 am By Neha Mule

Lenovo Profit Beats Estimates, Sees Growth as More P...

Lenovo Group, a maker of personal computers, reported a deep slump in fourth-quarter profit due to disruptions caused by the coronavirus crisis, although the result was far better than expectations. New HQ... May 20, 2020 8:27 am By Neha Mule

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