Anhui province

New Business

Chinese AI champion iFlytek sets up new entity to expand into semiconductor design

The new entity, Shandong Yixun Information Technology, was incorporated last week with a registered capital of 50 million yuan (US$7.1…

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New Business

China’s approval for L3 self-driving cars to stimulate slowing mainland market

Nearly 270,000 cars with self-driving systems that allow drivers to be “hands off” under certain conditions will be sold in…

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New Business

Hong Kong logistics group’s CEO buys US$17 million home as wealthy accumulate assets

A top executive of a multinational logistics group has bought a luxury flat in Hong Kong’s Mid-Levels West for HK$132…

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New Business

BYD ups the ante on L3 autonomous cars, begins testing models for mass production

Chinese electric vehicle (EV) leader BYD has reinforced its push to build and sell more cars fitted with level 3…

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New Business

Chery, China’s No 2 carmaker, soars in Hong Kong debut after US$1.2 billion IPO

Chery Automobile surged as much as 14 per cent above its offer price on its Hong Kong stock debut on…

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New Business

Xiaomi recalls nearly 117,000 SU7 vehicles after fatal crash raises safety concerns

Chinese electric vehicle (EV) manufacturer Xiaomi is recalling more than one-third of its cars owing to flaws in its driver-assistance…

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New Business

China’s No 2 carmaker Chery seeks US$1.2 billion in Hong Kong IPO

Chery Automobile, China’s second-largest carmaker by volume, aims to raise as much as HK$9.14 billion (US$1.2 billion) through a Hong…

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New Business

China’s new child subsidy is popular. But will it actually raise the birth rate?

When Wang Yuyan first heard about China’s new national child subsidy, she was happy about receiving some extra support. But…

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China’s SpinQ sees quantum computing crossing ‘usefulness’ threshold within 5 years

Quantum computing is poised to reach a tipping point in three to five years by becoming useful for solving real-world…

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New Business

China’s CXMT eyes IPO amid global memory-chip market upswing

CXMT, the parent of Chinese semiconductor firm ChangXin Memory Technologies, has initiated its initial public offering (IPO) process on the…

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