Huawei’s new smart car firm valued up to $35 bln amid advanced stake talks: sources

Huawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto, three people with knowledge of the matter said. The Chinese company said on Sunday it will spin off its four-year-old Intelligent Automotive Solution […]

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Why is billionaire Jack Ma focusing on food business in China through a new startup ?

Chinese billionaire Jack Ma is backing a newly formed startup, whose name in English translates to “Hangzhou Ma’s Kitchen Food.” According to a report by CNN, the new company is based in the eastern China city of Hangzhou, Ma’s hometown. The startup will involve sale of pre-packaged food, imports and exports, and edible agricultural products. […]

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China warns Taiwan ruling party presidential candidate not to seek independence

A spokesperson for China’s Taiwan Affairs Office of the State Council has issued a warning to Taiwan’s ruling party presidential candidate not to seek independence. Taiwan’s ruling Democratic Progressive Party is fielding Vice President Lai Ching-te for January’s presidential election. Lai and New Taipei City Mayor Hou Yu-ih of the largest opposition party Kuomintang, and […]

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China-US battle over Taiwan would be ‘a war too many’ for world right now: Expert

ISTANBUL : As the world grapples with increasing tensions stemming from Israel’s aggression in Gaza, the Russia-Ukraine war, instability in the Sahel region, and other conflicts, prospects for global peace are slimmer than ever. But there is another region that is boiling, albeit in a cooler fashion: East Asia. While US warships continue to sail through […]

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China pledges deeper trade ties with Vietnam

Chinese Commerce Minister Wang Wentao pledged to deepen bilateral trade ties with Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho Chi Minh City on Saturday, China’s commerce ministry said. Wang said China-Vietnam trade cooperation had already achieved “fruitful results” and would include strategic areas such as the digital economy, green […]

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