Chinese EV manufacturers pivot to Europe Some brands, like MG, have already made a name for themselves in Europe, but others, like XPeng and Nio, face the task of winning over skeptical buyers.
Chinese shadow bank Zhongzhi plans debt restructuring Zhongzhi is a big player in China’s US$2.9 trillion trust industry, which involves different forms of commercial and investment banking, private equity and wealth management.
Tencent plans to unveil a proprietary AI model this year Chinese tech giant Tencent is throwing its hat into the AI ring.
China’s central bank makes the largest interest rate cut since 2020 The world's eyes are on China's economic situation, which is working on recovering since pivoting away from the zero-COVID policy stance.
BYD calls for unity among China automakers During a recent event, BYD not only celebrated reaching a production milestone but also championed China's rise as a global powerhouse in the auto world.
Alibaba records a 14% surge in revenue amid China's post-COVID recovery Alibaba clocked in a better-than-expected 14% jump in revenue in the first quarter of the year.
Country Garden's default risk grows with missed interest payments and net loss projections Country Garden is one of China's biggest property developers. It’s also one of the few private developers that hasn’t defaulted on any debt yet.