China’s smart vehicles with sophisticated in-car entertainment – from huge video screens to advanced stereo – are sure-fire hits in Russia, where drivers and passengers are increasingly embracing digital technology, vendors said this week during the world’s largest auto show. Major Chinese carmakers including Chery Automobile, Great Wall Motor and Geely Auto are the vanguards […]
Previously undisclosed financial information, including a valuation of 161 billion yuan (US$22.1 billion) and losses incurred last year, have been revealed in a filing by a new investor in Yangtze Memory Technologies Co (YMTC), China’s leading flash memory chipmaker. Hebei Yangyuan Zhihui Beverage Co has paid 1.6 billion yuan (US$219 million) to subscribe to YMTC’s
Chinese memory chipmaker YMTC valued at US$22 billion after beverage company investment Read More »
A bitter war of words has broken out between two Chinese Big Tech food delivery firms, each backed by billionaires who are household names in the country, with the fallout wiping billions of dollars from their market values. JD.com founder Richard Liu Qiangdong, with a personal net worth of US$6.3 billion, started the rivalry in
Meta Platforms is laying off more than 100 people across its Reality Labs division focused on creating virtual-reality (VR) and wearable devices, according to a person familiar with the matter. The latest round of job cuts affected Reality Labs staff focused on creating VR experiences for Meta’s Quest headsets, as well as operations-focused employees working
Facebook owner Meta lays off more than 100 employees in Reality Labs Read More »
