David Kirton
The Latest
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Unpaid by Evergrande, supplier sells Porsche and home to rescue his business
Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. -
Xiaomi Revenue Surges 64%, Prepares Autonomous Driving Expansion
Xiaomi Corp's second-quarter revenue rose a record 64% from a year earlier, it said on Wednesday, announcing the purchase of an autonomous driving startup as it prepares to expand into the competitive market. Xiaomi Corp's second-quarter revenue rose a record 64% from a year earlier, it said on Wednesday, announcing the purchase of an autonomous driving startup as it prepares to expand into the competitive market.