competition

Tech

NVIDIA’s share price nosedives as antitrust clouds gather

NVIDIA has seen its share price plummet following a report of intensified scrutiny from US authorities over potential breaches of…

Read More »
New Business

China’s embattled restaurants, embroiled in price war, struggle to stay afloat

In Beijing, profits of the catering companies with annual revenues exceeding 2 million yuan (US$280,750) fell to 180 million yuan…

Read More »
Tech

PDD’s stock sinks 25% after profit warning despite record revenue in June quarter

PDD Holdings’ stock plunged 25 per cent on Monday after it warned of uncertainty ahead and downward pressure on profits…

Read More »
Tech

EV maker Zeekr posts record revenue, boosts output to take on Tesla, domestic rivals

Revenue jumped 36 per cent to 20 billion yuan (US$2.8 billion) in the April to June quarter, compared with the…

Read More »
Tech

Chinese EV maker Nio to amp up battery-swap network with 900 faster stations this year

“Only one-third of Chinese EV owners have charging piles for household use,” he said. “Charging facilities and technologies still need…

Read More »
Tech

Key antitrust allegations against Apple, Amazon, Google and Facebook in US House panel report

Apple works to create high switching costs for users, producing a lock-in effect that lets it exert monopoly power over…

Read More »
Tech

Electric-car maker Xpeng shrugs off concerns Tesla’s steeply discounted Model Y will win over mainland Chinese drivers

The CEO was striking an upbeat note amid mounting worries about the future of China’s Tesla challengers – which include…

Read More »
Back to top button