Xiaomi unveils its electric car SU7, priced below 500,000 Yuan
Xiaomi’s foray into the electric vehicle (EV) market with its new Speed Ultra 7 (SU7) sedan is poised to shake up the industry. With a [more…]
Category: China
China’s C929 widebody aircraft moves to critical development stage, a major leap in aviation ambitions
China’s ambitious foray into the aviation industry has reached a pivotal stage with the development of its home-grown C929 widebody passenger jet, as announced by [more…]
Shimao Group’s debt woes deepen as offshore restructuring plan faces uphill battle
Shimao Group Holdings, the Shanghai-based property developer, is in the midst of a challenging financial situation, trying to restructure its offshore debt of US$11.7 billion. [more…]
Discovery Bay Ferry sparks fare controversy despite taxpayer support
Discovery Bay Transportation Services has once again sparked controversy by requesting a substantial 60 per cent increase in ferry fares, setting off alarm bells among [more…]
PetroChina to receive Venezuelan oil shipment
In a noteworthy development, PetroChina Co. is poised to receive a shipment of Venezuelan oil, marking a significant shift in its sourcing strategies. The cargo, [more…]
JD.com abandons bid for Currys, following Elliott Advisors’ retreat
In a twist of events reminiscent of a high-stakes poker game, Chinese online retailer JD.com has decided to fold its hand and walk away from [more…]
China’s Xpeng unveils ambitious global expansion plans with right-hand drive model launch
Chinese electric vehicle (EV) manufacturer Xpeng is gearing up for its global expansion with the announcement of its first right-hand drive model, set to launch [more…]
Saudi Arabia and the United Arab Emirates are targeting lithium to diversify their economies
In a strategic move to diversify their economies and capitalize on the global shift towards electric vehicles (EVs), national oil giants Saudi Aramco and Abu [more…]
New reserve at Kaiping South oilfield bolsters CNOOC’s offshore portfolio
China National Offshore Oil Corporation (CNOOC) announced a significant discovery in the South China Sea, revealing a new reserve with over 100 million tons of [more…]
Banco Santander expands presence in Qatar with office in Doha’s financial centre
Banco Santander, the global banking giant, has recently expanded its reach to the vibrant financial hub of Doha, Qatar, by opening a representative office in [more…]