BEIJING (June 8): China's car sales extended a downturn in May that has become a stress test for foreign automakers led by Volkswagen, which is trying to revive its China business through locally developed electric vehicles. Sales dropped 22.3% from a yea... See more
China’s Xiaomi Corp posted a 43 per cent slump in first-quarter net profit on Tuesday and said it would push deeper into overseas markets as higher memory and other component costs and domestic competition squeezed its smartphone business. The Chinese sma... See more
BEIJING (May 26): China's Xiaomi Corp posted a 43% slump in first-quarter net profit on Tuesday, as its smartphone business was pressured by high memory chip costs. The Chinese smartphone and electric-vehicle maker reported 6.1 billion yuan (US$899 millio... See more
GE Aerospace CEO Larry Culp visits China's state planner headquarters Boeing President and CEO Kelly Ortberg, GE Aerospace Chairman and CEO Larry Culp, Citigroup CEO Jane Fraser, Qualcomm CEO Cristiano Amon and other members of the U.S. delegation attend ... See more
Chinese electric vehicle maker BYD’s quarterly profit fell at its fastest pace since 2020, a stock market filing showed on Tuesday, hit by sluggish sales at home and intensifying competition. The world’s biggest EV seller, known for its focus on budget mo... See more
