TMTPOST

26/06/2024

Novo Nordisk didn't disclose its pricing and timetable of sales but said Wegovy for long-term weight management will be available in China as soon as possible.

26/06/2024

Since late Monday, Chinese users of the platform have received emails warning they are in a "region that OpenAI does not currently support" and that additional measures to block API traffic from unsupported regions would be taken starting July 9.

19/06/2024

A Huawei representative denied Huawei is discussing with game developers about a fee of some 20%.

19/06/2024

Nvidia has not only become the first chip company to surpass $3 trillion in market value but also marks the first $3 trillion company founded by an ethnic Chinese.

11/06/2024

Vision Pro will start at RMB29,999 and preorders for China will open on June 14 local time.

11/06/2024

Zhang Yunfan, former COO of Perfect World, takes the helm of Nuverse and ByteDance's UGC division after he was appointed as head of Moonton in April.

04/06/2024

US-listed shares of Nio dropped more than 0.9% though the company posted delivery in May with a substantial increase of 233.8% year-over-year. Zeekr shares rose nearly 1.7% after it said delivery surged 115% in May.

04/06/2024

Xiaomi reiterated it is working to meet an annual target of at least 100,000 units this year, hiking by nearly 40% from its previous target.

29/05/2024

Six of China’s largest state-owned banks poured a total of RMB114 billion, or 33.14% of equity capital, in the Big Fund III, which was expected to focus on sectors hit by the US restrictions most.

29/05/2024

iPhone shipments grew much stronger than a bounceback of 12% year-over-year increase in March after a 37% plunge in the first two months of the year, according to China Academy of Information and Communications Technology.

10/05/2024

Chinese officials told Musk that China hopes Tesla's test to "set a good example", but authorities didn't immediately approve its widespread use of FSD functions, China Daily reported.

10/05/2024

Based on the reported offer price, Zeekr will sell 17.5 million American depositary shares to raise $441 million, and command a market value of $5.1 billion.

29/04/2024

The breakthrough came as Tesla CEO Elon Musk made a surprise visit to China on Sunday and engaged in productive discussions with Chinese officials.

26/04/2024

ByteDance denied a report which said it discussed scenarios for selling more than 50% of TikTok US to a company outside the tech industry, and sales would exclude the algorithm that powers TikTok. TikTok

ByteDance denied a report which said it discussed scenarios for selling more than 50% of TikTok US to a company outside the tech industry, and sales would exclude the algorithm that powers TikTok.

23/04/2024

https://en.tmtpost.com/post/7052102

Prior to Li Auto's price reduction of up to RMB20,000, Tesla reducing price for all models on sale in China by RMB14,000 at weekend.

23/04/2024

https://en.tmtpost.com/post/7051204

Tesla cuts vehicle prices in US, China, German and many other countries in Europe, the Middle East and Africa at weekend. It also lowered prices of FSD software in US and Canada by more than a third.

23/04/2024

https://en.tmtpost.com/post/7051045

A CCPIT spokesperson said that the CCPIT would ask Chinese companies to provide legal defense and participate in U.S. hearings alongside upstream and downstream companies to protect their legitimate rights and interests.

23/04/2024

https://en.tmtpost.com/post/7049336

The approved version of the bill on Saturday would extend the timeframe for TikTok to find a new owner to 270 days, compared to the approximately six months stipulated in previous versions of the legislation.

23/04/2024

https://en.tmtpost.com/post/7049775

The latest bill, which would ban TikTok in US if ByteDance did not sell its stake within a year, now goes to the Senate for vote. President Biden has said he would sign the legislation into law.

19/04/2024

Dalian Wanda, a real estate developer transformed into an entertainment empire under the helm of Wang, once harbored grand aspirations in Hollywood. However, the group experienced setbacks when Chinese authorities cracked down on highly indebted companies in 2017.

19/04/2024

A plant located in Italy enables Dongfeng to take advantage of "all the strong legacy that the country has in the automotive industry."

19/04/2024

Pura 70 series were out of stock in less than a minute after sales at Huawei website started. It was said that hundreds of Huawei's fans lined up at its retail stores in Beijing, Shanghai and Shenzhen.

19/04/2024

IDC said Xiaomi is coming back strong from the large declines experienced over the past two years and Transsion is becoming a stable presence in the Top 5 with aggressive growth in international markets.

19/04/2024

The recent US attempts, including a launch of Section 301 investigation into China's maritime, logistics and shipbuilding sectors, seem to threaten progress in improving China-U.S. relations.

11/04/2024

We are starting to operate on the diseases of a big company, returning again to the highest levels of efficiency and a market-first approach, to once again allow the company to be simple and agile, Ma said.

11/04/2024

Fitch has failed to effectively reflect the positive effects of China's fiscal policies on boosting economic growth and stabilizing the macro leverage ratio in a forward-looking manner, China's Ministry of Finance said.

10/04/2024

Volunteers from a radiation control group detected a peak radioactivity level of 800 microsieverts at the site. A level of 0.5 microsieverts per hour is considered safe for the general public, which meant the level detected was 1,600 times higher.

10/04/2024

The Alibaba cloud unit just offered its biggest ever price cuts in China late February with an up to 55% reduction.

09/04/2024

Insurance companies, on their part, attribute high premiums to elevated accident rates and claim ratios for new energy vehicles.

09/04/2024

In the filing to the exchange on Monday, Shimao vowed to “vigorously” oppose the winding-up petition, which it said “does not represent collective interests of the company’s offshore creditors and other stake holders,” while working towards restructuring its offshore debt.