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…

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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…

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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…

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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…

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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…

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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…

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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…

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