Tencent and Alibaba—China’s tech superpowers, with a combined market value of almost $1 trillion—have clashed repeatedly since they were created in the earliest days of the country’s internet economy. Some 20 years later, one of the most important pieces of turf is still up for grabs: Control of the Chinese digital wallet.
Ant Financial’s Alipay has become an all-encompassing app that people in China use for almost everything—from paying bills and buying tickets to choosing insurance and checking out English test scores at university.
More than half a day has passed since US president Donald Trump said on Twitter that he would raise tariffs on Chinese imports, sending markets plunging, yet mainstream news outlets in China have been surprisingly quiet on the news.
China loves it. Wall Street fears it. Washington wants it to go away. Meet Ant Financial, the fintech company that’s worth about twice as much as Goldman Sachs.
On this day 100 years ago, patriotic Chinese youth had a wish—that Western ideologies would rescue their society from feudalism, as well as the political chaos and foreign invasions that plagued the country. They placed their hopes in what they called “Mr. Democracy” and “Mr. Science.”
Tesla’s flagging profits aren’t the only thing the company has to worry about. The electric carmaker’s latest headache comes from unflattering accusations by a Chinese ride-hailing company, which broadcast its complaints about quality control on billboards in New York’s Times Square.
It’s been four months since Tesla founder Elon Musk arrived in China to break ground for the company’s first overseas Gigafactory. Tesla’s racing to complete the plant, aiming to start production of the Model 3 this year for the company’s biggest market outside the US.
A video that appears to show a white Tesla Model S exploding in Shanghai—set to be home to the US electric car firm’s first overseas factory—has been widely shared on Chinese social media platform Weibo, prompting the company to investigate.
China’s next big thing in electric vehicles could be fuel-cell cars—and the Shanghai Auto Show offered clues to one Chinese firm that might become a symbol of the industry.
It took only a decade for China to build the world’s largest battery-powered electric vehicle market. Now the architect behind it, Wan Gang, wants to do the same for hydrogen-powered electric vehicles.
Investors might still trust Byton, a Chinese electric vehicle startup that has a valuation of $4 billion. But one of its founders might have lost faith.
A decade ago, when China began developing its electric-vehicle market, it started with vehicles for public services—buses, taxi, sanitation trucks (link in Chinese)—often purchased for city fleets with government money.
Of the many companies trying to adapt to China’s slowing economy, logistics and e-commerce giant JD.com has put itself under the spotlight for its messaging about the workers it wants to retain—and those it doesn’t.
The first reports on self-driving road tests in China are out, and they suggest that people who want to know how good China’s autonomous technology is would be better off turning to California.
The tumult of 2018 didn’t seem to seriously impact Huawei—the China telecommunications equipment maker joined firms like Microsoft, Alphabet, and Boeing in the $100 billion club.
China’s biggest electric vehicle maker BYD may finally live up to that label this year.
The Chinese space firm OneSpace failed to launch its rocket into the orbit today—another setback for China’s private space industry, following a failed launch attempt by a different privately funded company last year.
Beijing on Tuesday (March 26) sharply scaled back the subsidies it began showering on its nascent electric vehicle industry about a decade ago, saying the move is intended to ”advance the industry by selecting the superior and eliminating the inferior.”
The growth of BYD from a mobile battery maker in the 1990s into the world’s biggest electric vehicle maker today is a validation of the car maker’s ability to read the changing winds in the world’s biggest car market. But it’s also a validation of the ability of China’s state-centric capitalism to create winners and losers in new technologies with billions of dollars in help.
Today’s Google Doodle celebrates the 76th birthday of San Mao, the Taiwanese writer who inspired generations of Chinese women with her poetic writing and adventurous life abroad.
In 2014, China’s central government called for private capital to invest in commercial satellite operations. Since then, a slew of rocket startups have been established—yet so far, none have successfully launched their products into orbit. That could be about to change.
An explosion at a chemical plant that took place March 21 in China’s eastern Jiangsu province has killed 78 people (link in Chinese) as of Monday (March 25), and injured more than 600, state media reported, the latest in a string of deadly industrial accidents in the country.
Selfies in goth makeup have become the latest form of protest in China.
Improving technology means that electric vehicles (EV) are able to go for ever-longer ranges, but it’s also challenging the safety limits of batteries, as one leading Chinese EV maker is finding out.
