Tag Archives: beijing

Nio car falls from third floor parking lot in Shanghai, killing two

Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images A test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said in a Weibo post on Thursday. The incident happened at around 5:20 p.m. Beijing time on Wednesday. One …

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China livestreamers need qualifications for certain topics: Regulators

Chinese regulators have been looking to clean up the country’s popular livestreaming industry. This includes rules around what online influencers can and can’t say and the topics that are off limits. Costfoto | Future Publishing | Getty Images Online influencers in China must now have a qualification to talk about …

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China’s tech regulation getting more ‘rational’: JD.com top exec

China’s annual 618 shopping festival sees domestic e-commerce giants including JD.com rack up billions of dollars of sales across their platforms. The 2022 edition comes against a backdrop of slowing economic growth in China and sluggish consumer spending. VCG | Getty Images EMBARGO to lift at 6am Singapore on Friday, …

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China signals easing of tech crackdown but don’t expect policy U-turn

China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of policy. “I think the big tech companies will have a …

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SoftBank Vision Fund posts record $27 billion loss as tech stocks dive

SoftBank Founder Masayoshi Son said there is “confusion in the world” and in the markets due to a number of factors including Russia’s invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank’s Vision Fund. Kentaro …

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Breakthrough, DCVC put $55 million into Brimstone

Hugo Leandri (Left) and Cody Finke, the co-founders of Brimstone Energy. Photo courtesy Brimstone Energy Cars and electricity get a lot of attention in conversations about decarbonization, and they should. But building materials like cement and steel also need to be scrutinized. The production of cement is responsible for about …

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Chinese EV maker Nio says it’s gradually resuming production after Covid halt

In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a …

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JD.com founder Richard Liu steps down as CEO of e-commerce giant

Richard Liu, the founder of Chinese e-commerce giant JD.com, will step down from his role as CEO. His departure comes after a number of high-profile technology founders exited their leadership positions amid Beijing’s regulatory crackdown on its domestic tech sector. VCG | Visual China Group | Getty Images JD.com’s billionaire …

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Chinese giant reports slowest revenue growth ever

Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan business district. Nikada | Getty Images Tencent on Wednesday reported its slowest quarterly revenue growth on record for the fourth quarter of 2021, as the Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic …

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The highs and lows of the 2022 Winter Olympics

CNN —   The 2022 Winter Olympics came to a close on Sunday after weeks of hard-won victories and heartbreaking disappointments. Eileen Gu and Kamila Valieva became the teenage faces of the Games for very different reasons. Erin Jackson delivered a historic speed skating performance, while Elana Meyers Taylor became …

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