Huawei Technology Ltd., the Chinese maker of smartphones and telecom equipment, said Friday its profit rose 28.1 percent in 2017, boosted by strong enterprise and consumer sales. Huawei said it earned 47.5 billion yuan ($7.6 billion) for the year, a marked improvement over the previous year, when profit rose just 0.4 percent due to higher […]
China Clamping Down on Use of VPNs to Evade Great Firewall
BEIJING (AP) — China is tightening control over foreign companies’ internet use in a move some worry might disrupt their operations or jeopardize trade secrets as part of a crackdown on technology that allows web surfers to evade Beijing’s online censorship. In a letter to corporate customers seen by The Associated Press, the biggest Chinese […]
Chinese Online Retailer Developing One-Ton Delivery Drones
China’s biggest online retailer, JD.com Inc., announced plans Monday to develop drone aircraft capable of carrying a ton or more for long-distance deliveries. The company said it will test the drones on a network it is developing to cover the northern Chinese province of Shaanxi. It said they will carry consumer goods to remote areas […]
Volvo Announces Plans To Export China-Made Electric Car
Volvo Cars, the Chinese-owned Swedish automaker, said Wednesday it plans to make electric cars in China for sale worldwide starting in 2019 amid pressure by Beijing for global auto brands to help develop its fledgling industry in alternatives to gasoline. The announcement at the Shanghai auto show is among a flurry of automakers’ plans for […]
China’s Electric Vehicle Industry Shaken by Scandal
China’s electric vehicle industry, a flagship for Beijing’s technology ambitions, has been rocked by scandal after five companies were caught collecting millions of dollars in subsidies for buses they never made. The affair of the phantom buses has prompted questions about whether the ruling Communist Party’s financial support to an industry it is spending heavily […]
Uber’s Chinese Rival Acquiring Company’s China Operations
Uber Technology Ltd. and its main Chinese competitor are combining their ride-hailing operations in China, ending a costly battle to attract riders. The announcement Monday marks the latest foreign technology brand to tie up with a local partner in the face of intense competition in China. Yahoo, eBay and others have turned over Internet operations […]
Gig Economy Arrives in China (Officially); Ride-Sharing a Go
China’s Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following run-ins with regulators. The Cabinet document sets guidelines for registration, fares, employment of drivers and payments. It said details for each city will be decided […]
China Confirms Legal Status of Ride-Hailing Industry
China’s Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following run-ins with regulators. The Cabinet document sets guidelines for registration, fares, employment of drivers and payments. It said details for each city will be decided […]
Beijing Auto Show Showcases China’s SUV Love Affair
China’s love affair with SUVs is helping to cushion the blow of an unexpectedly painful slump in the rest of its crowded auto market. Sales of SUVs, seen as the safest option on China’s rough, chaotic roads, soared 52 percent last year. That helped the overall market grow 7.3 percent — a sliver of its […]
Chinese Electric Car Maker Enters U.S. Market by Selling Buses
The Chinese automaker that sold more electric cars last year than Tesla, Nissan or GM is taking a back road into the American market on a battery-powered bus. Detouring around the cost and risk of consumer sales, BYD Co. has quietly built a U.S. business supplying rechargeable buses to environmentally-minded transit agencies. Its factory north […]