Chinese

Chinese automotive giant aims to make flying cars your next commuting option

9 days ago

A major Chinese automotive company has announced its intention to develop flying cars that could revolutionize urban mobility. This initiative is aimed at reducing traffic congestion and improving the ecological situation in densely populated megacities such as Beijing and Shanghai. Enhancing the quality of life for city dwellers and minimizing commute times are the main objectives of this project.

T-Mobile Telecom Company Suffered Major Cyber Attack from Chinese Hackers

2 months ago

Recent events have highlighted the vulnerability of major U.S. telecommunications companies, as it has been revealed that T-Mobile, one of the country's leading cellular operators, fell victim to a large-scale attack associated with cyber espionage carried out by Chinese hackers. This event has drawn attention to the sobering reality that many companies face in light of increasing threats in cyberspace.

Chinese Hackers Breach Multiple US Telecom Providers, Warns FBI and CISA

2 months ago

The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) have recently reported a large-scale cyberattack targeting several telecommunications providers in the United States. Preliminary findings suggest that this attack has been orchestrated by Chinese hackers who gained access to the systems of various communication providers across the country.

Uncertainty Surrounds PDD Stocks: 30% Drop Raises Questions About Growth Leadership in China

4 months ago

PDD Holdings, known in China as Pinduoduo, has seen its stock prices plummet significantly as investors began to doubt its status as a leading "growth asset" in the Chinese stock market. In recent days, PDD’s stock has dropped by 30%, signaling a considerable warning to analysts and investors regarding the company’s future prospects.

EU Plans Vote on Raising Tariffs on EVs from China

4 months ago

The European Union (EU) stands on the brink of a significant decision that could substantially impact the automotive industry and the electric vehicle market. As part of its ongoing policy to protect its internal market, the EU has scheduled a vote on September 25 regarding the possibility of raising tariffs on electric vehicles imported from China. This decision is driven by concerns that Chinese automotive manufacturers are gaining too much of an advantage, which could negatively affect European producers.

Emerging Market Stocks Decline Amid Rising China Fears

5 months ago

Emerging market stocks experienced a significant drop due to a sharp decline in shares of PDD Holdings, which heightened investor concerns regarding the economic situation in China. The slump in PDD's stock, which operates the e-commerce platform Pinduoduo, has been a major factor contributing to the crash in Asian equity markets, affecting overall currency and commodity market trends.

JD.com Announces Conditional Share Buyback of Up to $5 Billion

5 months ago

Chinese e-commerce giant JD.com has announced the launch of a share buyback program, aiming to repurchase up to $5 billion of its securities. This decision is part of the company’s strategy to increase shareholder value and boost investor confidence amid growing economic uncertainty in the country.

Europe Prepares Tariffs on Flood of Cheap Chinese EVs

5 months ago

In response to the rapid increase in imports of Chinese electric vehicles (EVs), the European Union (EU) is considering the introduction of new tariffs. This move is aimed at protecting local manufacturers from competition with low-priced vehicles that are entering the market from China. It is anticipated that such tariffs could significantly impact the EV market in Europe, which is already facing challenges related to cost reductions and the rapid growth of Chinese manufacturers.