25 June 2025

China’s AI capital spending set to reach up to US billion in 2025 amid rivalry with US

China’s AI capital spending set to reach up to US$98 billion in 2025 amid rivalry with US

That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials, oil and gas research at BofA Global Research, said in an interview on Monday. Government investment is expected to account […]

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CATL executive warns of risks from EV price cuts, calls on Beijing to intervene

CATL executive warns of risks from EV price cuts, calls on Beijing to intervene

A senior executive from Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles (EVs), urged authorities on the mainland to intervene in the price war that is roiling the market for new energy cars. Ni Jun, CATL’s chief manufacturing officer, on Wednesday said the brutal discount war would not end if

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JD.com hires full-time food delivery riders to challenge Meituan, Alibaba

JD.com hires full-time food delivery riders to challenge Meituan, Alibaba

JD Logistics has kicked off recruitment of full-time meal delivery riders, as its parent – e-commerce giant JD.com – intensifies efforts to compete with Meituan and Alibaba Group Holding in the lucrative Chinese food delivery market. Hong Kong-listed JD Logistics said on Tuesday it had started hiring full-time riders for JD.com’s food delivery business, in

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Apple joins China’s subsidy scheme to boost sales amid heated domestic competition

Apple joins China’s subsidy scheme to boost sales amid heated domestic competition

Consumers in Beijing and Shanghai are now entitled to discounts of up to 2,000 yuan (US$278) on select models of Apple devices – including the iPhone, iPad, Apple Watch and MacBook – when they buy directly from the US company, according to a statement published on Tuesday on Apple’s mainland Chinese website. To avail themselves

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