Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.The Chinese economy — home to more than four times...
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y.Deliveries...
Huawei brought one of the largest displays to Mobile World Congress in Barcelona in February 2024.Sopa Images | Lightrocket | Getty ImagesBEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.The company also attributed the profit gains to...
A view of iQiyi's website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora.Speaking...
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021.Florence Lo | ReutersBEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months.The company's U.S.-listed shares were...
Chinese startup Li Auto sold more cars in October than Tesla's China business did in October, according to the China Passenger Car Association.Nurphoto | Getty ImagesBEIJING — Chinese startup Li Auto sold more cars than Tesla's China business did in October, according to the China Passenger Car Association.The startup...
Visitors line up in front of the Huawei flagship store on Nanjing East Road, one of the city's main commercial and tourist area, in Shanghai, China, on Sept. 30, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1%...
A Baidu Apollo robotaxi passes by a Baidu office building in Beijing on Aug. 21, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising.This was the fastest quarterly...
Huawei's production campus is pictured here on April 25, 2019, in Dongguan, near Shenzhen, China.Kevin Frayer | Getty Images News | Getty ImagesBEIJING — Chinese tech giant Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.The modest growth comes...