11 h. ago Xpeng launches G7 ‘Super AI’ SUV, taking on Xiaomi YU7 and Tesla Model Y

Chinese electric vehicle (EV) maker Xpeng launched its G7 SUV on Thursday, sending another contender into a fierce battle in the premium SUV segment of the world’s largest EV market, where it joins Xiaomi’s recently introduced YU7 in taking on Tesla’s market-leading Model Y. Dubbed Xpeng’s first “Super AI [artificial intelligence] car”, the G7 starts at 195,800 yuan (US$27,325), with the top-of-the-line model selling for 225,800 yuan, the Guangzhou-headquartered company said during a launch...

Politics

15 h. ago Alibaba leads US$14 million funding round in Chinese AI agent start

A Hangzhou-based artificial intelligence (AI) start-up specialising in enterprise AI agents has secured over 100 million yuan (US$14 million) from investors led by Alibaba Group Holding’s cloud unit, as Chinese companies strive to leverage the technology to raise business efficiency. BetterYeah AI, a prominent player in China’s enterprise AI sector founded by former Alibaba executives, said on Wednesday it had completed its latest financing round with contributions from Alibaba Cloud and venture...

Economics

17 h. ago Chinese stocks to stagnate in second half on lack of catalysts, top brokerages say

Chinese stocks are likely to tread water in the second half as investors refrain from big bets amid a lack of fresh catalysts, according to the nation’s top-ranked brokerages. A deflationary trend and sluggish earnings growth will continue to weigh on yuan-denominated stocks, but state intervention and an economic recovery – albeit weak – will put a floor under the market, according to GF Securities, Industrial Securities and Shenwan Hongyuan Group. China’s benchmark CSI 300 Index barely budged...

Politics

19 h. ago Trump didn't just cut a deal with Vietnam — he was targeting China, too

Trump didn't just cut a deal with Vietnam — he was targeting China, too  Business Insider

Politics

41 h. ago BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals. BYD, the world’s largest EV builder, delivered 382,585 vehicles in June for its best month this year, the Shenzhen-based company said in a filing on Tuesday. While deliveries were little changed from May, they jumped 12 per cent from a year earlier. Geely, China’s...

Economics

42 h. ago China’s Laopu Gold surges 15% as investors devour newly available shares

A surge in the supply of Laopu Gold shares after the end of a lock-up period turned out to be a buying opportunity for investors who missed out on the luxury jeweller’s 14-fold surge since its 2024 debut. The Beijing-based company’s shares jumped 15 per cent to a record of HK$1,008 on Monday, bucking concerns of a pullback after 69 million shares – a 40 per cent stake – became free-floating, allowing pre-listing investors including founder Xu Gaoming to sell without restrictions a year after the...

Economics

44 h. ago US to impose 500% tariff on India, China over Russia business ties? Trump gives nod to Senate bill | World News

US to impose 500% tariff on India, China over Russia business ties? Trump gives nod to Senate bill | World News - Hindustan Times  Hindustan Times

Economics

3 d. ago View / To beat China in Africa, US should deploy American businesses

View / To beat China in Africa, US should deploy American businesses  Semafor

Politics

3 d. ago AI is controversial in Hollywood. For China’s film business, it’s no holds barred

AI is controversial in Hollywood. For China’s film business, it’s no holds barred  Los Angeles Times

Culture

5 d. ago Cloudy with a chance of bankruptcy: US tariffs hurt China’s solar firms

The rain and gloomy skies during the SNEC PV Conference – the biggest in China’s solar-panel manufacturing industry – summed up the mood in the market, whose major players congregated in Shanghai earlier this month for the four-day annual event. The scale was noticeably smaller this year. Several leading companies opted out for a variety of reasons, including tight budgets. More tellingly, CEOs from major producers Longi Green Technology and Tongwei – keynote speakers last year – gave it a...

Economics

6 d. ago Secretary Bessent divulges details of trade deal between US, China

Secretary Bessent divulges details of trade deal between US, China  Fox Business

Politics

6 d. ago Treasury secretary reveals 'peace deals' with China as rare earth supplies set to flow

Treasury secretary reveals 'peace deals' with China as rare earth supplies set to flow  Fox Business

Politics

6 d. ago Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000

Chinese smartphone and electric-vehicle (EV) maker Xiaomi has been flooded with orders for its YU7 SUV, with analysts saying the car could challenge the dominance of the Tesla Model Y, the bestselling SUV on the mainland. The company said that it received 200,000 pre-orders for the YU7 in just three minutes after bookings opened at 10pm on Thursday, with the number rising to 240,000 by 4pm on Friday. The 240,000 bookings for the YU7, priced from 253,500 yuan (US$35,366) to 329,900 yuan, are...

Events

6 d. ago Luxury Brands Bet on Experiential Retail to Revive China Sales

Luxury Brands Bet on Experiential Retail to Revive China Sales  businessoffashion.com

Economics

6 d. ago China's Geely appoints new chair of European business, replacing founder Eric Li

China's Geely appoints new chair of European business, replacing founder Eric Li  Reuters

Politics

6 d. ago THIS Rs 580000000000 business in China is in trouble due to..., it is run by..., Beijing to now import...

THIS Rs 580000000000 business in China is in trouble due to..., it is run by..., Beijing to now import...  India.Com

Events

6 d. ago US ‘close to 10 trade deals’ after China rare earth agreement reached – business live

US ‘close to 10 trade deals’ after China rare earth agreement reached – business live  The Guardian

Economics

7 d. ago GE Appliances to move washing machine production from China to Kentucky in $490M investment

GE Appliances to move washing machine production from China to Kentucky in $490M investment  Fox Business

Economics

7 d. ago Xiaomi takes aim at Tesla with 4% cheaper YU7 SUV, a Model Y competitor

Xiaomi, the Chinese smartphone maker and electric-car start-up, priced its YU7 sport-utility vehicle (SUV) at a 4 per cent discount to Tesla’s bestselling Model Y, a move that is expected to draw a wave of orders in a cutthroat market where even the strongest players struggle to break even. The YU7, Xiaomi’s second production model, starts at 253,500 yuan (US$35,322), compared with 263,500 yuan for the Model Y’s basic edition, the Beijing-based company announced at a launch event on Thursday...

Politics

7 d. ago As business outlook improves, is China retaining more of its wealthy elite?

The number of wealthy mainland Chinese choosing to emigrate is projected to drop to a 10-year low this year thanks to the country’s improved business environment and its growing appeal to tech entrepreneurs, according to a report by a London-based advisory firm. Henley & Partners’ annual wealth migration report also said that Hong Kong is starting to see steady inflows of millionaire migrants from the rest of Asia, with an anticipated net inflow of 800 this year, including many executives from...

Economics