16 June 2025

Chinese router maker TP-Link cuts staff at Shanghai chip unit, retains Shenzhen facility

Chinese router maker TP-Link cuts staff at Shanghai chip unit, retains Shenzhen facility

TP-Link, China’s leading Wi-fi router manufacturer, has laid off most employees at a chip development unit in Shanghai amid setbacks, according to people familiar with the matter and local media reports. Lianzhou International, known globally as TP-Link Systems and the overseas arm of the router maker, cut the majority of workers at its Shanghai-based chip […]

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Shanghai firm sues to liquidate Hozon amid EV maker’s financial struggles

Shanghai firm sues to liquidate Hozon amid EV maker’s financial struggles

The cutthroat competition in mainland China’s electric vehicle (EV) market threatens to sink Hozon New Energy Automobile, as the maker of Neta-branded cars faces a lawsuit from a Shanghai-based advertising agency that wants the debt-ridden company to be liquidated. According to a document recently published on the National Enterprise Bankruptcy Information Disclosure Platform, a court

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Ant International issues first sustainability report after spin-off amid IPO speculation

Ant International issues first sustainability report after spin-off amid IPO speculation

Ant International, which was spun off from fintech giant Ant Group last year, published its first independent sustainability report on Monday, underscoring its operational autonomy from its Chinese parent. Speculation has been rife over a potential listing by Ant International, which is registered in Singapore. In the report, the company emphasised its “new corporate identity”,

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How a Chinese AI start-up helps Nike, Gap, Urban Revivo predict fashion trends

How a Chinese AI start-up helps Nike, Gap, Urban Revivo predict fashion trends

Founded in 2018 at fast-rising Chinese technology hub Hangzhou, capital of eastern Zhejiang province, Zhiyi Tech is focused on compiling style and sales data from major shopping and social-media sites around the world, providing clients with data-driven analysis of fashion market trends. Zhiyi Tech founder and CEO Zheng Zeyu said in a Post interview last

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