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The chip shortage is still having a significant impact on the auto industry in China, but the situation will ease in the fourth quarter compared with the third, the Ministry of Industry and Information Technology (MIIT) said on Tuesday.…

Chinese e-commerce giant JD said it will kick off the pre-sale on Singles Day shopping carnival at 8 pm on Wednesday, four hours earlier than previously, meaning that customers will not have to stay up late to enjoy the deep discounts this…

Baidu Apollo, an open-source autonomous vehicle technology platform, and WM Motor, a new energy vehicle manufacturer, officially released two new cars on Tuesday, both of which are based on the WM Motor W6 SUV. One is a new generation of…

On October 19, the official website of the Ministry of Industry and Information Technology released a catalogue of new energy vehicle models that are to be exempted from its vehicle tax-free purchase list. Among them include Li Auto’s Ideal…

Chinese online tutoring firm Gaotu briefly disclosed its recent operations in a letter published on its official WeChat account on Monday. On Tuesday, the share price of Gaotu closed at $3.625/share, with a total market value of $929…

Bankers are skeptical the deal will get done before 2023 Regulatory compliance takes priority at Ma’s fintech giant Days after China snuffed out the biggest initial public offering in history, Ant Group Co. gathered its investment…

China reported nine new domestically transmitted COVID-19 cases on Oct. 18, the highest daily tally since the end of September, with the latest outbreak prompting two northern border areas to enforce a lockdown. Under a national policy…

Ma, who retired as Alibaba’s chairman on his 55th birthday, is in Spain for a study tour, according to a person familiar with his itinerary Before flying to Europe, Ma was in Hong Kong to spend low-key “private time” with his family,…

Xiaomi Corp Chief Executive Lei Jun said the Chinese smartphone maker will mass produce its own cars in the first half of 2024, a company spokesperson said on Tuesday. The comments, which were made at a investor event, were first…