#BEIJING News

FEED

Xiaomi posts better-than-expected quarterly sales on growing smartphone shipments, as EV target remains on track

scmp.com Sales reached 75.5 billion yuan (US$10.5 billion) during the quarter ended March 31, beating the consensus analysts’ forecast of 73.5 billion compiled by Bloomberg. The…

China surrounds Taiwan with military war games: Maps

newsweek.com China has launched multi-branch military drills as "punishment" for Taiwan, days after the self-ruled island inaugurated President Lai Ching-te of the Beijing-skeptic…

U.S. intelligence agencies were using generative AI 3 years before ChatGPT was released

fortune.com Long before generative AI’s boom, a Silicon Valley firm contracted to collect and analyze non-classified data on illicit Chinese fentanyl trafficking made a compelling case…

Is Tesla’s Battery Running Low? 3 Signs TSLA Stock Needs a Recharge

investorplace.com TSLA stock still has a rebound in it Tesla (NASDAQ: ) stock continues to face headwinds. The Elon Musk electric vehicle maker has seen shares fall nearly 30% since the start…

China Evergrande EV Unit Told to Return $262m in Subsidies

asiafinancial.com China’s cash-starved local government bodies have sent a notice to the electric vehicle unit of debt-ridden China Evergrande, demanding it return 1.9 billion yuan ($262.42…

Biden’s tariffs on Chinese EVs make sense

fortune.com Beware of oversimplified narratives about the Biden administration’s recent plans to raise the tariff from 25% to 100% on Chinese electric vehicles (EVs), doubling their…

The world's top chipmakers can flip a 'kill switch' should China invade Taiwan, Bloomberg reports

businessinsider.com By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Access your favorite topics in a personalized feed while you're on…

Fox Spirit Matchmaker: Red-Moon Pact

benzinga.com BEIJING, May 23, 2024 /PRNewswire/ -- Fox Spirit Matchmaker: Red-Moon Pact, a Chinese historical romance drama has recently gained notable attention from international…

iQIYI's New VR Immersive Theater to Launch in Macao, Continuing Expansion of Location-Based Entertainment

benzinga.com BEIJING, May 23, 2024 /PRNewswire/ -- On May 20, iQIYI, a leading online entertainment service in China, announced the upcoming launch of a VR immersive theater at first…

China turns tables on US over Russia-Ukraine war sanctions

newsweek.com Beijing has responded after the U.S. sanctioned Chinese companies alleged to be fueling Russia's war against Ukraine, in a move one analyst told Newsweek signals China's…

Bargain-hungry Americans are flocking to Temu and making its Chinese owner very rich

aol.com PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers swarm its…

China's largest chipmaker SMIC is now the No. 3 foundry in the world, Counterpoint says

cnbc.com A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. China's largest…

Weibo Announces First Quarter 2024 Unaudited Financial Results

benzinga.com BEIJING, May 23, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial…

The 2050 population data that could ruin China's century

newsweek.com "Beijing's political ambitions are based on exaggerated economic forecasts, which are based on exaggerated demographic figures. The dire demographic outlook makes both…

NetEase Announces First Quarter 2024 Unaudited Financial Results

benzinga.com HANGZHOU, China, May 23, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ:NTES, &#34, NetEase&#34, or the &#34, Company&#34, )), a leading internet and game services provider,…

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

apnews.com Ukraine's allies are wrestling with how to squeeze money out of frozen Russian assets to support Kyiv's war effort, a debate that is ever more urgent as Russia gains…

China's food security dream faces land, soil and water woes

aol.com China, the world's biggest agriculture importer, has set targets to drastically reduce its reliance on overseas buying over the coming decade in line with its push for food…

Tesla's latest shift and Thailand's potential power problems

asia.nikkei.com Hi everyone! This is Lauly from Taipei. As I was writing this newsletter, China unexpectedly announced the immediate start of military drills surrounding Taiwan, just days…

China Evergrande’s EV unit told to repay US$268 million of government subsidies

scmp.com Evergrande NEV is in deep financial trouble, according to its latest annual report. Total comprehensive loss for 2023 stood at 12.3 billion yuan, while liabilities were 72.5…

China kicks off ‘punishment’ drills around Taiwan

ft.com Move marks Beijing’s first military reaction to inauguration of Taiwan’s president

China's military holds drills around Taiwan in "punishment" message to island's new president

axios.com Taiwan's defense ministry was on alert after China's military announced two days of drills around the self-governing island, three days on from the inauguration of Taiwanese…

China creates LLM trained to discuss Xi Jinping’s thoughts

theregister.com China's Cyberspace Research Institute has revealed it's created a large language model and conversational AI based on the philosophies of president Xi Jinping. The XiBot…

China launched large-scale drills surrounding Taiwan, a warning shot that will test how the island's new president responds to an intensifying pressure…

wsj.com China launched large-scale drills surrounding Taiwan, a warning shot that will test how the island’s new president responds to an intensifying pressure campaign from Beijing.

Asian stocks sink as US-China trade jitters offset Nvidia tech boost By

investing.com Investing.com-- Most Asian stocks fell on Thursday with Chinese markets leading declines as a trade war with the U.S. appeared to be heating up, while fears of higher…

China Initiates Large Drills 'Surrounding' Taiwan As Warning To New President Lai

zerohedge.com China Initiates Large Drills 'Surrounding' Taiwan As Warning To New President Lai A mere few days after Taiwan’s new president, Lai Ching-te, was sworn into office at the…

Israel Seized Half of Gaza Strip's Nine-Mile Border With Egypt

youtube.com Many swing-state voters say they are worried that the growing presence of artificial intelligence could one day diminish privacy and hurt job prospects, according to a new…

Stock Market News Today, 5/22/24

tipranks.com Stock indices finished today’s trading session in the red. The Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) fell 0.05%, 0.27%, and 0.51%,…

Stellantis CEO says electric vehicle tariffs are a trap

cnbc.com CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China's Zhejiang province on…

Hyundai's new supercar doubles down on its commitment to hydrogen

thestreet.com South Korean automaker Hyundai (HYMTF) is looking to expand beyond EVs for its zero-emission future, with new reports saying that it seeks to prove the worth of a new…

Biden welcomes Kenyan President Ruto as the East African nation prepares to send police to Haiti

pbs.org President Joe Biden welcomed Kenyan President William Ruto to the White House for a three-day state visit and designating the East African nation a major non-NATO ally as it…

Wall Street, Led by BlackRock, Is Funding Blacklisted Chinese Companies

newsweek.com For the last several years, the annual threat assessment report by the Director of National Intelligence (DNI) has listed China as our scariest rival. They don't use the…

China's Sea Power Leaves U.S. Adrift

wsj.com With Beijing pursuing global supremacy across the oceans, America must rebuild its maritime sector.

Price wars, infrastructure hurdles hurt China’s solar industry

semafor.com Semafor Signals Supported by Insights from Reuters, the Associated Press, and the Atlantic Council The News Cheap Chinese solar panels have dominated global markets, but the…

New affair allegations: Elon Musk, Nicole Shanahan took ketamine and ‘disappeared’ at Miami party, New York Times reports

siliconvalley.com A New York Times investigation into the background of Nicole Shanahan, the Oakland-reared running mate of Robert F. Kennedy Jr., offers a less-than-flattering portrait of…

Graffitied skyscraper in downtown Los Angeles poised for sale

latimes.com The partially built Oceanwide Plaza in downtown Los Angeles, which was covered in graffiti this year, has been put up for sale and could be sold by fall. Oceanwide Plaza,…

Would America dare to bring down a Chinese bank?

economist.com If any politician has the demeanour to ease tensions with Beijing, it is Janet Yellen. America’s treasury secretary comes across as a twinkly eyed professor, rather than a…

TikTok ban is popular with voters as AI stirs privacy fears, poll shows

bostonherald.com Michael Shepard and Gregory Korte | (TNS) Bloomberg News Many swing-state voters say they are worried that the growing presence of artificial intelligence could one day…

Reaganomics Is on Its Last Legs

theatlantic.com Democrats and Republicans don’t agree on much, but for a long time, they agreed on this: the more free trade, the better. Now they agree on the opposite: Free trade has gone…

The Guardian view on free trade: an idea whose time has gone

theguardian.com The biggest shift in American politics has nothing to do with Stormy Daniels or Michael Cohen, Fox News or golf courses. Indeed, its author is not Donald J Trump. Yet the…

What Would A Taiwan Conflict Look Like After Ukraine?

247wallst.com “War,” wrote Prussian military theorist Carl von Clausewitz, “is a mere continuation of policy by other means.” On War may have been written in the 19th century, but the…

WiMi Announced a Blockchain Data Encryption Technology Based on Machine Learning and Fully Homomorphic Encryption Algorithm

benzinga.com BEIJING, May. 22, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. WIMI ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today…

China ramps up de-dollarization efforts by dumping a record amount of US bonds

finance.yahoo.com None China sold a record $53.3 billion worth of Treasurys and agency bonds in the first-quarter, Bloomberg reported. • None It previously unloaded US debt to prop up its…

Teslas Can Still Be Stolen With a Cheap Radio Hack

wired.com For at least a decade, a car theft trick known as a “relay attack” has been the modern equivalent of hot-wiring: a cheap and relatively easy technique to steal hundreds of…

Nvidia's big day is here

aol.com None This post originally appeared in the Insider Today newsletter. • None You can sign up for Business Insider's daily newsletter here. Halfway to the weekend! for…

Today's Logistics Report: Seeking Cleaner Rail Locomotives; EV Supply Chains in Overdrive

createsend.com The U.S. is leaning on Europe to help defend against a surge of Chinese exports, trying to rally allies that hold distinct views of how to respond to Beijing’s economic…

UK accuses China of providing ‘lethal aid’ to Russia for Ukraine war

ft.com Defence secretary Grant Shapps says intelligence reveals Beijing ‘collaborating on combat equipment’ with Moscow

China's game-changing naval warfare capability revealed

newsweek.com China's navy appears to be developing a potentially game-changing twin-hull drone carrier as Beijing innovates to stay a step ahead in the future of maritime warfare, an…

China Slaps Boeing, Lockheed, Raytheon With Sanctions Over Arms Sales To Taiwan

zerohedge.com China Slaps Boeing, Lockheed, Raytheon With Sanctions Over Arms Sales To Taiwan It has been a turbulent week for Sino-US relations. Beijing criticized US Secretary of State…

NIO Stock Price Targets: $10 From Morgan Stanley or $5.40 From JPMorgan?

investorplace.com Sentiment on Wall Street is all over the place on this EV maker Wall Street can’t seem to get its act straight when it comes to Nio (NYSE:NIO) stock. As my colleague Eddie…

Apple offers biggest-ever iPhone discounts in China as annual ‘618’ shopping festival begins

aol.com Apple is offering unprecedented price cuts in China as big brands and retailers launch promotions for the annual “618” shopping festival in the face of sluggish consumer…

China weighs car tariffs to retaliate against US and EU moves, trade group says

scmp.com The Brussels-based group was firming up a threat that had been reported by Global Times, a Chinese state-owned tabloid. In a statement on Tuesday evening, the China Chamber…

Too soon to call China’s property rescue a game-changer: JPMorgan

scmp.com Those factors may partially offset the impact of the stimulus package, which includes cuts in the down payment and mortgage ratios as well as a 300 billion yuan (US$41.4…

Fraud Trial to Begin for Chinese Billionaire Who Allied Himself With America’s Right

nytimes.com Four years ago, Guo Wengui, a prominent Chinese property developer, announced the imminent end of Communist rule and the formation of the New Federal State of China. The…

Matthew Trickett: man charged with spying for Hong Kong found dead

theweek.com Police are investigating the "unexplained death" of a former Royal Marine charged with spying for Hong Kong's intelligence services. The body of Matthew Trickett was found…

China’s $10,000 BYD Seagull hatchback EV is coming for Europe’s carmakers in 2025

fortune.com Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region’s biggest industries. BYD Co., which overtook Tesla Inc. late last year as…

The Entire Business World on a Single Page. Free to Use →