The Chinese-invested and US-based electric vehicle producer Faraday Future (FF) is said to have laid off more than half of their employees and cut salaries for the ones remaining, due to cash flow problems that arise from its dispute with its main investor Evergrande Health.
Alibaba holds its annual shareholder meeting in Hong Kong today. Jack Ma, the Chinese business magnate and Alibaba's co-founder, addresses shareholders in an open letter as Alibaba's executive chairman for the last time. Ma's successor Daniel Zhang also sends a CEO's letter to shareholders.
Chinese drone manufacturer DJI released the Mavic 2 Enterprise on Oct. 29 in Dallas.
Didi Chuxing (Didi), China's largest ride-hailing platform, announced today that it opened its official Australia & New Zealand (ANZ) headquarters in Melbourne, the state capital of Victoria, Australia.
As Nov.11 is approaching, Cainiao, a Chinese logistics firm mostly owned by Alibaba, opened the largest robotic smart warehouse in China to prepare for the upcoming huge demand.
Baidu and Changsha, capital city of Hunan province, teamed up to build “an innovation model city of self-driving and cooperative vehicle-infrastructure” on Oct. 29.
Chinese telecom equipment maker Huawei launched a new OpenLab in New Delhi, India last Friday. OpenLab aims to build an industry ecosystem and serve as an innovation platform for Huawei.
The 5G investment cycle is about to take off in China. The Ministry of Industry and Information Technology recently told reporters that they will issue 5G spectrum licenses before the end of the year, as well as formulating the frequency plan for the Internet of Things (IoT) and the Internet of Vehicles (IoV).
The Chinese electronics company Xiaomi is about to enter the UK market. According to foreign media reports, Xiaomi products will be officially listed in the UK starting from Nov. 8th.
Arbitrators ruled that Evergrande could no longer prevent the EV-company Faraday Future (FF) from seeking funding from other financing sources in the emergency arbitration between the EV-company Faraday Future's CEO Jia Yueting and Evergrande Health Industry Group Ltd. on Oct. 25.
Alibaba Group and Richemont, a Switzerland-based luxury goods holding company, announced a global strategic partnership today with the purpose of bringing the retail offerings of YOOX NET-A-PORTER GROUP S.p.A. (YNAP), the world’s leading online luxury retailer, to Chinese consumers.
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Ford Motor Company, American multinational automaker based in Michigan, announced On Oct. 23 that it has established an independent China Business Unit that reports directly to the headquarters.
On October 22, Lenovo celebrated the launch of its new headquarters in the Phase II of Zhongguancun Software Park, the high-tech zone in the northwest of Beijing, with chairman and CEO of Lenovo Yang Yuanqing attending the ceremony. The company aims to create a Silicon Valley style working environment for all its employees.
The HK-Zhuhai-Macau Bridge opened to traffic today, marking the world's longest bridge-tunnel after a decade of construction. From 9 a.m. this morning, vehicles with special permits can cross the 23-kilometer bridge 24 hours a day.