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BUSINESS3h agoChina weighs BYD CEO for business delegation at Xi-Trump summitChina is considering including the BYD CEO in a business delegation for a summit between President Xi and former President Trump. This suggests potential high-level business and political discussions between the two nations.Seeking Alpha Tech
BUSINESS5h agoChina’s Z.ai raises revenue target 25% after US$5 billion cash injectionChinese artificial intelligence developer Z.ai has raised its year-end annual recurring revenue (ARR) outlook by 25 per cent to US$3 billion, as the firm indicated its fresh US$5 billion war chest had helped clear its computing capacity bottlenecks for the time being. The updated ARR projection, up from a previous estimate of about US$2.4 billion, was disclosed during an investor call on Wednesday, according to a transcript seen by the South China Morning Post. The revised guidance comes days...South China Morning Post
BUSINESS6h agoChina’s AI chip stocks face crucial test as MetaX lock-up period expiresChina is bracing for a potential massive sell-off of a high-profile artificial intelligence chip stock on Thursday, when a lock-up period affecting 14 million shares in MetaX Integrated Circuits is set to expire. Analysts expect MetaX to face “significant selling pressure” when the restricted shares are released for trading, after the expiry of a similar lock-up period for shares in fellow AI chip firm Moore Threads last week sparked an avalanche of sales that wiped nearly 49 billion yuan...South China Morning Post
BUSINESS11h agoTesla revives China discounts; Iran war drives shift to electric cars: 7 EV readsWe have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Market squeeze: Tesla revives China price cuts to stem slumping deliveries Tesla China has launched discounts on its Shanghai-made cars for the first time since the end of 2024, responding to falling deliveries in the world’s largest market for electric vehicles (EVs). 2. ‘Key pillar’:...South China Morning Post
BUSINESS13h agoWhat’s the Pinglu Canal, China’s new gateway to Southeast Asia?China's first modern river-to-sea canal could significantly cut down time and costs of trade to Southeast Asia.Al Jazeera [en]
BUSINESS17h agoNeither tariffs nor export controls will stop China’s industrial engineThe first “China shock” was fairly easy to understand. Beginning in the 1990s, cheap Chinese goods poured into global markets, displacing large parts of lower-end manufacturing across the world. Now, China shock 2.0 seems to be under way, with China taking the lead in electric vehicles (EVs), batteries, solar panels, semiconductors and other more technologically sophisticated industries. This is often perceived as a trade problem, with Chinese manufacturers producing too much, selling too...South China Morning Post