china

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China is imposing another 25% tariff on an additional USD 16 Billion worth of U.S. goods such as fuel, steel products, and auto and medical equipment, said the Chinese Commerce Ministry. The tariffs are set to take effect beginning August 23rd, the ..

Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO

Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO

Chinese commerce startup Pinduoduo Inc. (NASDAQ: PDD) priced its U.S. initial public offering at USD 19 per share, the high-end of the range, and raised USD 1.63 Billion to become the second largest U.S. float from a Chinese company this year. Pindu..

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank’s Vision Fund is looking to invest almost USD 1 Billion in China-based SenseTime Group for a stake in the world’s most valuable artificial intelligence startup, according to people familiar with the matter. The two companies are..

Travel Firm Booking Invests USD 500 Million in Chinese Ride-hailing Didi Chuxing

Travel Firm Booking Invests USD 500 Million in Chinese Ride-hailing Didi Chuxing

Travel agency, Booking Holdings Inc. (NASDAQ: BKNG), invested USD 500 Million into China’s largest ride-hailingCompany, Didi Chuxing, on Tuesday. The deal will have Booking integrate and offer on-demandcar services through its Booking.com apps..

Tesla Plan to Build Factory in China and Potential Dilemma

Tesla Plan to Build Factory in China and Potential Dilemma

Tesla Inc. (NASDAQ: TSLA) plans to build a new factory in China with the capacity to manufacture 500,000 electric vehicles per year. However, the factory and assembly line will take up to two years to build, according to a Tesla spokesperson.McKinse..

Tesla to Build a Plant in China

Tesla to Build a Plant in China

Tesla Inc. (NASDAQ: TSLA) shares rose on Tuesday after Bloomberg reported that the electric car maker reached a preliminary agreement with the Shanghai government to build an assembly plant.According to Bloomberg, the plant is expected to have the c..

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

QUALCOMM, Inc. (NASDAQ: QCOM) acquisition of NXP Semiconductors NV for $43 billion has been approved by Chinese regulators. The approval, which has been pending for 18 months, removes the final obstacle to the purchase. The decision will allow the t..