Ouster, maker of self-driving tech, agrees $1.9 billion deal to go public
Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.
ByteDance in talks to buy stake in mobile games firm CMGE -sources
China's ByteDance is in talks to buy into mobile games publisher CMGE Technology Group Ltd, four people with direct knowledge of the matter told Reuters, as the owner of short video app TikTok moves to strengthen its next pillar of growth.
Even as bilateral ties between China and India fell to their lowest point in decades this year, following a deadly border clash on the Himalayas in June, Indian companies and ...
As China, EU officials work overtime toward their set goal to concluding negotiations on China-EU Bilateral Investment Treaty before this year ends, recent events have shown a steady flow of ...
Two key Republican lawmakers on Tuesday urged the Trump administration to strengthen new rules adopted Friday aimed at preventing China's biggest chipmaker SMIC from getting access to advanced US technology.
Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.
Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.
China's ByteDance is in talks to buy into mobile games publisher CMGE Technology Group Ltd, four people with direct knowledge of the matter told Reuters, as the owner of short video app TikTok moves to strengthen its next pillar of ...
Led by CRRC Tangshan, and co-developed by several domestic companies, China's first high-speed bullet cargo train was finally completed at Tangshan, in North China's Hebei Province.
Even as bilateral ties between China and India fell to their lowest point in decades this year, following a deadly border clash on the Himalayas in June, Indian companies and traders are still buying goods from China, according to exporters ...
The People's Bank of China (PBC), the country's central bank, announced on Wednesday that it has successfully issued 10 billion offshore bills in the Hong Kong Special Administrative Region (HKSAR), with global investors oversubscribing for the bill by three times ...
The supply chain smart industrial park built by McDonald's China has officially settled in Hanxiao New Industry City in Central China's Hubei Province, after McDonald's China and its four major suppliers signed contracts with the local government in Xiaonan District, ...
Economic growth in China is expected to slow to 2 percent this year, before rebounding to 7.9 percent growth in 2021, as private investment and consumption heats up next year, a World Bank report released on Wednesday projected.
Chinese autonomous vehicle start-up WeRide announced Wednesday that it has received a strategic investment of $200 million from China's major bus maker Yutong Group, the largest investment in domestic autonomous driving sector made by a Chinese automaker.
China's natural gas production has increased by more than 10 billion cubic meters for four consecutive years, Zhang Jianhua, head of the National Energy Administration (NEA), said at China's annual energy work conference on Tuesday, according to the Xinhua News ...
The National Retail Federation (NRF) has welcomed the Congressional passage of the COVID-19 relief package, noting that more robust stimulus is needed to shore up the economy.
World Bank: China's GDP to rise to 7.9% in 2021
The smooth handover of Sukkur-Multan Motorway, the largest transportation infrastructure project under the China-Pakistan Economic Corridor (CPEC) – epitomizes progress in building the CPEC by overcoming negative impacts of the global pandemic, Chinese Foreign Ministry spokesperson Wang Wenbin said at ...
Almost a year ago when COVID-19 cases emerged in Wuhan, capital of Central China's Hubei Province, Western media were fixated on criticizing and slandering China's unprecedented response to the epidemic, as one of the most important holiday season in the ...
Tensions between China and the US have not been cooling, and the Trump administration recently escalated the situation by releasing list of Chinese enterprises that allegedly have military connections.
China's market watchdog introduces requirements for community group buying; Alibaba, Tencent join meeting
As the world holds high hopes for a vaccine to emerge amid the pandemic, global biological and drug firms are racing on research and development (R&D) efforts and rolling out their products as early as possible, and the participation of ...
China vows 'necessary measures' in response to US' release of its 'military end user' list
As China, EU officials work overtime toward their set goal to concluding negotiations on China-EU Bilateral Investment Treaty before this year ends, recent events have shown a steady flow of encouraging news.
The World Trade Organization (WTO) on Monday confirmed on its website Australia had officially lodged a complaint against China over anti-dumping and anti-subsidy duties imposed on its barley exports.
Shares of some medical supply companies in China rose by the 10-percent daily limit on Tuesday after the global drive to control the coronavirus took a turn for the worse when the UK reported a mutated strain of the deadly ...
China and Germany should pivot toward manufacturing and create new types of international organizations and industrial partnership platforms in the spheres of intelligent manufacturing and industrial internet, said a report on Tuesday that envisions closer ties between the two global ...
The Chinese Foreign Ministry on Tuesday refuted Western media reports claiming that China is in a rush to reach EU-China Comprehensive Agreement on Investment (CAI) by the end of 2020 in a bid to strengthen China-EU relations ahead of Joe ...
As the fifth largest dairy producer in Europe, Poland's dairy products are popular among Chinese consumers. According to statistics provided by the Polish Ministry of Finance, Polish dairy products exported to China in 2020 rose 70 percent year-on-year.
Thanks to the fast development of its network, the total track length of China's national railways is expected to reach 146,000 kilometers by the end of 2020, with high-speed railways to reach 38,000 kilometers, Yan Hexiang, chief engineer of the ...
“These car models will be exported to the US, and products on that production line is exporting to Europe,” John Ng, a factory manager of Maisto, a car model manufacture in Dongguan, South China's Guangdong Province, told the Global Times ...
The Dalian Commodity Exchange introduced overseas traders on palm oil futures trading on Tuesday, marking a major step in enhancing the exchange's status and helping strengthen risk management.
Chinese experts have slammed US government's latest move to publish a list of Chinese enterprises, allegedly with military connections, calling it “ridiculous” and sets a bad precedent.
The US ITC Section 337 investigation will not have a material impact on Luxshare Precision's production and business operations, according to a release by the Chinese company on Monday, in response to US Amphenol Group's investigation application initiated by US ...
WuXi Biologics, a global company with open-access biologics technology platforms, said on Monday that it will take over and operate the Drug Substance (DS) facility at Bayer's Wuppertal site for COVID-19 vaccines production.
Eurasian countries have shown great interest in an international digital health code for individuals proposed by China to prevent the spread of the coronavirus, said representatives from various medical associations on Monday.
China has run into a regional power shortage with multiple localities having curbed electricity use and imposed rationing in recent days, drawing a wide array of discussions on Chinese social media platforms, as the country scales up its green energy ...
As part of efforts to push for the transition to a low-carbon economy, China has launched trials of carbon trading in seven designated areas including Beijing, according to a white paper on energy development released on Monday that outlines the ...
As a new mutation of the coronavirus in Britain reportedly rages out of control, the country is now facing a bigger health crisis than the no-deal Brexit.
Huawei launched a new variety of the S-series Smart Screen and a vehicle-mounted smart screen carrying the updated Harmony operating system (OS) on Monday, further major steps toward building a complete ecosystem based on its own OS.
While tougher sterilization and inspection have greatly reduced the risks of imported coronavirus cases via cold-chain food in China, some importers have felt rising pressure from longer clearance times at ports, which can take up to half a month. Industry ...
The nation's first mRNA COVID-19 vaccine production plant will be built in Yuxi, Southwest China's Yunnan Province, which is expected to produce 120 million doses of vaccines annually after the plant is completed.
China's A-shares related to leading chipmaker Semiconductor Manufacturing International Corp (SMIC) surged on Monday, defying the Trump administration' latest move of putting SMIC on its Entity List, which aims to contain China's development of indigenous advanced technologies.
Budweiser's new Wenzhou brewery officially kicked off on Friday as several trucks painted with Budweiser's logo headed for markets loaded with newly brewed beers from the company's most advanced smart green brewery.
Chinese regulator's move to halt deposit products on major fintech platforms will weigh heavily on small banks, especially private ones, which rely on the third-party platforms to attract deposits.
As Boeing 737 Max has got the nod from the Federal Aviation Administration to fly again, when the airplane could return to China's airspace is under the spotlight, especially against the backdrop of rising China-US tensions. As the first regulator ...
China's aviation market will “rely mostly on domestic flights” until 2024, with a turnover rate above 90 percent, and international flights is unlikely to resume to the 2019 level before 2024, according to a report by the Aviation Industry Development ...
Hong Kong plant-based meat brand Green Monday opened its first mainland restaurant on Monday in Shanghai, the latest example of Hong Kong companies' efforts to tap business opportunities in post-coronavirus era on the Chinese mainland.
Huawei launched a new variety of S-series Smart Screen, and a vehicle-mounted smart screen carrying the updated Harmony operating system (OS) on Monday, representing another major step towards building a complete ecosystem based on its own operating system.
In a recent report, Indian cyber security think tank the CyberPeace Foundation claims that millions of Indian e-commerce customers have been targeted by "Chinese hackers" during Indian festive months of October and November.
China firmly opposes US' intention to sign the Holding Foreign Companies Accountable Act into law, which will contain clauses that clearly work against Chinese companies, in spite of the active efforts of the Chinese regulatory authorities and the US to ...
China opposes politicizing and stigmatizing cyber-security issues, and the country has resolutely cracked down on any activities of cyber hacking and cyber-related crimes, Chinese Foreign Ministry spokesperson Wang Wenbin said on Monday, a response after US President Donald Trump claimed ...
China's first mRNA COVID-19 vaccine production plant will be built in Yuxi, southwestern China's Yunnan province, which is expected to produce 120 million doses of the vaccine per year when the plant is completed.
Guangzhou, capital of South China's Guangdong Province, reported a brief black-out Monday morning, gaining broad online attention against the backdrop of a few southern provinces cutting their power supply to save energy. But the Guangzhou outrage was caused by an ...
A train fully loaded with goods gradually departs Yiwu West Station, the world's 'supermarket' Yiwu, East China's Zhejiang Province, and heading toward its final destination in Madrid, Spain, 13,000 kilometers away. This is the third train departing from the station ...
Nippon Paint has announced the commercial launch of its first antiviral paint, Nippon Paint's Antivirus Kids Paint, in China in December 2020. The newly launched product is Asia's first antiviral children's paint using Corning Guardiant™, a novel antimicrobial paint additive ...
The Dalian Commodity Exchange (DCE) attributed the recent sharp fluctuations in iron ore prices to fundamentals of supply and demand, noting that diffuse group of buyers with weak bargaining power haven't formed a joint force, according to a release on ...
In accordance with China's long-standing opening-up policy, the country on Saturday unveiled new measures on the review of foreign investment affecting national security. While actively promoting and protecting foreign investment, the measures aim to effectively prevent and defuse national security ...
We urge the Swedish side to immediately correct this wrong decision [of rolling China's Huawei and ZTE out of the 5G construction in Sweden], and hope the Swedish side will implement the principles of openness and the rule of law, ...
A forum on vaccine industry marketing was held on Saturday in Zhengzhou, Central China's Henan Province. Organized by the China Association for Vaccines, the forum attracted hundreds of enterprises, analysts, lawyers and scholars, who shared the latest information on the ...
Lusail Stadium, the main stadium for the 2022 World Cup, is featured on the new 10-riyal banknote of Qatar, which was released on Friday. This is the first time that a China-built infrastructure project is chosen to appear as a ...
While traffic and logistics hurdles have weakened international trade and tourism, people in the Macao Special Administrative Region (SAR) may feel the opposite when it comes to greater connections with the Chinese mainland, even in hard times. Experts suggested the ...
A push for industrial upgrading has led to an increase in automated production lines in Dongguan, one of the world's leading factory zones, in South China's Guangdong Province, helping to address persistent labor shortages.
A 94-year-old lady lives a diligent, simple and independent life, with two-thirds of her small yard used to grow tender vegetables. She has been drinking tea for about 80 years, seeing it as a factor in her longevity.
Shortly after the US government imposed new sanctions on dozens of Chinese companies on Friday, one Chinese mainland-based company said that the move will have no impact on current or future operations, while another said that it is still selling ...
China's world-leading financial technology (fintech) sector will be on a firmer footing after a certain period of tightening, Chinese analysts said on Sunday, after a fourth major provider of online finance took voluntary actions to curb its offerings over the ...
The possibility of imported cold-chain food products causing another moderate wave of COVID-19 outbreak in China is casting a shadow over the upcoming holiday economy.
A Chinese industry association has called for a new pricing mechanism for iron ore, as the iron ore index has increased significantly this year, especially since November.
As China continues to churn out and deliver healthcare goods needed by the world amid the coronavirus pandemic, drivers at Shenzhen's Yantian Port in South China's Guangdong Province are anxiously waiting shipping containers.
With this year rapidly coming to a close, China, maintaining all strict precautionary measures to avoid a COVID-19 comeback, is seeing its economy gain reactivated impetus as 2021 approaches.
Fighting back against the coronavirus pandemic that severely disrupted businesses activities, Chinese products are rocking the world. Both the wholesalers at the world's "supermarket" Yiwu, East China's Zhejiang Province, and the producers of South China's Guangdong Province, where many manufacturing ...
Former finance minister Lou Jiwei said on Sunday that if a single digital financial platform takes up too big of a market share, it may eventually lead to a large number of bad loans.
Chinese authorities on Saturday released rules on foreign investment security review to safeguard national security while spurring foreign investment.
China's Central Economic Work Conference held from Wednesday to Friday has set the course for China's economic development in 2021, heralding a continuous growth which will help the recovery of the pandemic-laden world economy, overseas experts have said.
Revenue of China's mobile game industry soared by an estimated 32.61 percent year on year to nearly 210 billion yuan (about 32 billion US dollars) in 2020, industry data showed.
China's middle-income population will rise steadily and may reach 800 million in the next 15 years, said Qian Keming, vice minister of commerce of China, over the weekend, adding the country's 1.4 billion population, buoyed by a booming economy, will ...
As China continues to churn out and deliver medical-care goods needed by the world amid the coronavirus pandemic, freight drivers at Shenzhen's Yantian Port in South China's Guangdong Province are anxiously waiting for the shipping containers.
Luo Tiejun, vice president of China Iron and Steel Association, called for a new pricing mechanism for iron ore, as the S&P Global Platts iron ore index increased significantly: $45.1 per ton compared with one month ago, accounting for a ...
The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce on Friday put 77 entities on its "entity list," most of which are Chinese companies, universities and individuals.
Shaoxing, a city in East China's Zhejiang Province, has signed 12 co-operative projects with Shanghai, at a time when China is pushing the economic integration of cities in the Yangtze River Delta, a major metropolitan area that has always been ...
China's National Development and Reform Commission (NDRC), the country's top planner, and the Ministry Commerce announced on Saturday to issue new measures on the security review of foreign investment affecting national security, which will come into effect from January 18 ...
US President Donald Trump on Friday signed into law a new bill that could kick Chinese companies off US stock exchanges if they don't comply with American auditing standards within three years.
The US Commerce Department announced Friday that it added more Chinese companies, including the country's leading chipmaker Semiconductor Manufacturing International Corp (SMIC), to its Entity List.
China is self-sufficient in coal, and the power supply gap in some cities is mainly due to a sudden demand, which has nothing to do with declining supplies from overseas countries such as Australia, industry insiders and analysts said on ...
Beijing has set the task of enhancing independence and autonomy of the industrial and supply chain and deal with the key areas and "stranglehold" problems in 2021, according to a key central government meeting that ended on Friday.
China vows to solve seeds and arable land issues, and has put ensuring grain safety as one of the priorities in the Central Economic Work Conference which ended on Friday in Beijing.
Top Chinese policymakers on Friday put heavy emphasis on addressing various internal challenges ranging from consumption, technology and financial security at a key meeting that outlines top policy priorities for 2021, signaling the world's second-largest economy is shifting reliance on ...
Chinese financial technology (fintech) firms are scrambling to shut down certain online banking services that could potentially be targeted by tighter regulations as part of Chinese regulators' recent campaign to crack down on illegal activities in the online financial sector ...
As more inspiring clinical trial results of COVID-19 vaccines have been released recently, the world has high hopes for the advent of the key product, and achieving fair access to vaccines on a global scale is also imminent.
Chinese top officials on Friday closed a tone-setting meeting for economic work for the coming year, where they commended historic achievements in the battle against the COVID-19 pandemic and set tackling lingering risks as a top priority for 2021, as ...
China's Foreign Ministry on Friday criticized a reported move by the US government to add dozens of Chinese companies to a trade blacklist, calling the move, if true, yet another example of the US using its state power to crack ...
Huawei has chosen the Business Park in the city of Brumath in France's northeast Grand-Est region as the venue for its first manufacturing plant in Europe, the global telecom leader and the local authorities of the French region announced in ...
A facial recognition technology that included ethnicity as an algorithm attribute for tagging video images was developed by Alibaba Cloud in a testing environment, and Alibaba will not permit the technology to be used to identify specific ethnic groups, Alibaba ...
Despite the global COVID-19 pandemic, Chinese mobile phones are gaining in popularity in the global market. According to the international e-commerce platform Aliexpress, Chinese mobile phone brands now have a 60 percent share of the global market.
Chinese top policymakers are expected to outline economic policy priorities and targets for 2021 at a highly-anticipated tone-setting meeting, which could pave the way for the most significant shift in China's economic development model in decades that puts more focus ...
Mystery boxes, a toy box that contains one figure from a large selection that is not visible until it is open, are gaining popularity overseas as well as in the domestic market, with online exports surging more than 400 percent ...