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Posted inNews Feed

TuSimple says founders not facing spying charges over ties with Chinese companies

Self-driving truck company TuSimple has denied a Wall Street Journal report that US authorities are considering economic-espionage charges against the company’s leaders, namely co-founders Hou Xiaodi and Chen Mo, as well as current chief executive Cheng Lu, for improper technology transfer to China. In a statement sent to Bloomberg on Thursday, TuSimple spokesperson Megan Strader […]

Posted inNews Feed

BAIC enters into strategic partnership with Bosch

Chinese state-owned automobile manufacturer Beijing Automotive Group (BAIC) reached a strategic partnership with Bosch China on Feb. 1, with the two companies committing to strengthening cooperation in the areas of smart cockpits, smart driving, and intelligent connected industry, according to a BAIC announcement on Thursday. Bosch is set to provide BAIC with a number of […]

Posted inNews Feed

Shanghai Mayor visits three leading private firms in a day, expects them to play bigger role in consumption recovery

On Thursday, Shanghai Mayor Gong Zheng visited local services giant Meituan, fintech giant Ant Group, and lifestyle-sharing platform Xiaohongshu. This is the latest sign that local governments are pledging support to the private sector while the economy is reeling from three years of Covid 19 lockdowns. Gong appreciated Meituan’s role in preventing and controlling the […]

Posted inNews Feed

US says China is largest source of counterfeit goods

Tencent’s super app WeChat is “one of largest platforms for counterfeit goods in China,” the office of the US Trade Representative (USTR) said in a Tuesday report. The US government’s “notorious markets” list also identified five other Chinese online marketplaces and seven physical markets in China as engaging in or facilitating substantial trademark counterfeiting or […]

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