Chinese Firms

BYD on track to beat 2024 sales goal of 4 mn vehicles, outsell Ford, Honda

During August to October, BYD added nearly 200,000 units in production capacity and hired 200,000 workers for auto and part manufacturing

Blacklists to bans: Why countries think Chinese firms are a security risk

Nations are increasingly imposing restrictions on Chinese companies like DJI, Hesai, and TikTok due to perceived threats related to privacy, security, and trade competition

US sanctions Chinese firms for manufacturing Russian drones against Ukraine

Senior administration official stated that the US has previously warned Beijing about the network, countering Chinese claims that they are unaware of its existence

Uniqlo owner seen posting 24% annual profit rise on brand's overseas push

That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half

Govt to limit Chinese CCTV use, boost local suppliers post-Lebanon crisis

The government's updated policy on surveillance cameras, expected to be implemented on October 8, will likely push Chinese companies out of the market, giving Indian firms an advantage

China warns carmakers of risks of making overseas investment: Report

It also encouraged carmakers to use overseas factories for final vehicle assembly with knock-down components exported from China to mitigate potential risks stemming from geopolitical issues

China's Xi boosts Africa financing by $51 billion, offers a million jobs

China and Africa account for one-third of the world population, without our modernisation, there will be no global modernisation, Xi said

Philippine officials detain over 160 for suspected cybercrime operation

Philippine authorities raided a suspected illegal online gaming and cyberscam complex in a central province and took into custody more than 160 people mostly Chinese and Indonesians who were committing internet-based crimes, officials said Sunday. The raid on Saturday by more than 100 government agents, backed by military intelligence, on a resort compound in Lapu-Lapu city was part of an ongoing crackdown after President Ferdinand Marcos Jr ordered a ban in July on widespread and mostly Chinese-run online gaming operations that cater mostly to clients in China, where illegal gambling is banned. Marcos said then that the massive illegal gambling operations have ignored Philippine laws with largescale violations of regulations and also committed other crimes, including financial scams, human trafficking, torture, kidnappings and murder. The raid at the Tourist Garden Resort, which has 10 buildings with swimming pools, karaoke bars and restaurants, came after the Indonesian Embass

NYSE, Nasdaq increase scrutiny of Chinese firms amid volatility concerns

Investment bankers, lawyers and professional services companies on the matter said that the Nasdaq had been focusing on the identity and background of investors

Chinese ecommerce giant JD.com beats estimates for quarterly profit

US-listed shares of the company rose 2.6% in premarket trading.

Chinese firms stockpile high-end Samsung chips as they await new US curbs

The companies have ramped up their buying of the artificial intelligence (AI) capable semiconductors since early this year, helping China account for about 30 per cent of Samsung's HBM chip revenue

Uber partners with BYD to put its drivers into Chinese firm's 100,000 EVs

The pairing up cuts against increasing tensions between Washington, Beijing over future of automotive industry as China has lead in batteries and EV supply chain, and US has tried to push against it

Don't break law and you have nothing to fear, China tells Taiwan staff

Speaking at a regular news briefing, Zhu Fenglian, spokesperson for China's Taiwan Affairs Office, reiterated there was no cause for alarm for most Taiwanese

Firms consider removing Taiwan staff from China after death penalty threat

The new guidelines have caused some Taiwanese expatriates and foreign multinationals operating in China to scramble to assess their legal risks and exposure

Chinese smartphone giants seek Indian partnerships amid govt push

Vivo, Oppo, and Xiaomi are in discussions to collaborate with Indian companies for manufacturing and distributing their products in India, however, major conglomerates seem hesitant

Fast fashion brand Shein to re-enter India on Reliance Retail's app, stores

After a 4 year absence, Reliance may be launching Shein in India on its apps and storefronts within the coming weeks: All you need to know

Hedging Chinese EV makers get costly with imminent tariffs from EU

After the US said in May it was planning to nearly quadruple tariffs, the European Union this month notified companies including BYD and Geely it will slap levies

Japan imposes trade curbs on Chinese firms for backing Ukraine war

The new sanctions also target firms in India, Kazakhstan, and Uzbekistan

2 Chinese firms progress in producing high bandwidth memory for AI chipsets

CXMT and other Chinese chip firms have also been holding regular meetings with South Korean and Japanese semiconductor equipment firms to buy tools to develop HBM, said two of the people

US tariff hike on Chinese goods: Experts fear China may dump EV, batteries

India also has a policy in place that requires the government's approval to allow FDI proposals from countries sharing land borders, such as China