Ethan Zhao
Senior Reporter
The Latest
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NVIDIA Faces Stiff Competition: The Battle of AI Chip Titans
With a weekly price surge of 30%, and single units selling for over $100,000, the NVIDIA A800 has become a hot commodity in the market due to the booming interest in artificial intelligence and the current chip shortage. 
With a weekly price surge of 30%, and single units selling for over $100,000, the NVIDIA A800 has become a hot commodity in the market due to the booming interest in artificial intelligence and the current chip shortage. -
Volkswagen's Tightrope Walk: Struggling in China Amid Rising Costs and Changing Markets
"The roof is on fire; this is the last wake-up call," expressed Thomas Schafer, CEO of Volkswagen Passenger Cars brand, during a management meeting last week. His sentiment underscores a crisis that Volkswagen (VW) faces due to soaring costs and the Chinese market. 
"The roof is on fire; this is the last wake-up call," expressed Thomas Schafer, CEO of Volkswagen Passenger Cars brand, during a management meeting last week. His sentiment underscores a crisis that Volkswagen (VW) faces due to soaring costs and the Chinese market. -
Cross-Border E-commerce Clash: Temu Sues Shein in the US Over Monopoly and Supplier 'Bullying'
The fierce battle among China's cross-border e-commerce companies for overseas market share is heating up and has now escalated to legal disputes in the courts. 
The fierce battle among China's cross-border e-commerce companies for overseas market share is heating up and has now escalated to legal disputes in the courts. -
Where is China's Foreign Minister Qin Gang?
Qin Gang, the Chinese foreign minister, has not been seen in public since early July, sparking speculation about his whereabouts. 
Qin Gang, the Chinese foreign minister, has not been seen in public since early July, sparking speculation about his whereabouts. -
Kioxia and Western Digital Eyeing Flash Memory Merger Amid Chilly Market
Global semiconductor manufacturers Kioxia of Japan and Western Digital are considering consolidating their forces amid a chilly flash memory market. After several months of negotiations, they intend to reach an agreement on the merger of their flash memory businesses before August, according to sources cited by Bloomberg. 
Global semiconductor manufacturers Kioxia of Japan and Western Digital are considering consolidating their forces amid a chilly flash memory market. After several months of negotiations, they intend to reach an agreement on the merger of their flash memory businesses before August, according to sources cited by Bloomberg. -
Tesla's $1,860 Toy Car Sparks Buying Frenzy in China, Resellers Mark Up Prices to $9,360
On July 14, Tesla officially started selling the Cyberquad toy car on its Chinese website at a price of 11,990 yuan (around $1,860). 
On July 14, Tesla officially started selling the Cyberquad toy car on its Chinese website at a price of 11,990 yuan (around $1,860). -
E-Commerce Shift: Amazon Grapples with Price Wars and New Market Challengers
Amazon, the giant of the e-commerce world, seems to be feeling the pressures of its ongoing market challenges. Established in 1994, Amazon took two decades to rise to its current stature. However, it now faces intensifying competition and changing external environments, hinting at a possible "growth ceiling." 
Amazon, the giant of the e-commerce world, seems to be feeling the pressures of its ongoing market challenges. Established in 1994, Amazon took two decades to rise to its current stature. However, it now faces intensifying competition and changing external environments, hinting at a possible "growth ceiling." -
Jack Ma's Wealth Halved Amid Beijing's Tech Crackdown: A Deep Dive
In a stunning turn of events, Jack Ma, the co-founder of Alibaba and Ant Group, has seen his fortune dwindle by more than half in just three years. The precipitous drop in Ma's wealth is largely attributed to the Chinese government's intensified regulatory scrutiny of the country's tech sector, which has significantly impacted the valuation of Ant Group, the fintech giant Ma co-founded. 
In a stunning turn of events, Jack Ma, the co-founder of Alibaba and Ant Group, has seen his fortune dwindle by more than half in just three years. The precipitous drop in Ma's wealth is largely attributed to the Chinese government's intensified regulatory scrutiny of the country's tech sector, which has significantly impacted the valuation of Ant Group, the fintech giant Ma co-founded. -
China's CPI Stalls in June while PPI Plunges 5.4%
In June, China experienced a slump in both its annual Consumer Price Index (CPI) and its Producer Price Index (PPI), with the latter marking its sixth consecutive month of decline. 
In June, China experienced a slump in both its annual Consumer Price Index (CPI) and its Producer Price Index (PPI), with the latter marking its sixth consecutive month of decline. -
Ant Group Initiates Buyback Following Reforms, Valuation Drops About 40% since 2018 to $78.5 billion
After completing the requisite financial restructuring, Ant Group is poised to initiate a share buyback using its own capital to supplement its employee incentive pool and meet shareholders' liquidity needs, as per reports from Securities Times. The share repurchase, approved by Ant Group's board and submitted to the shareholder meeting for review, will not exceed 7.6% of the total share capital. 
After completing the requisite financial restructuring, Ant Group is poised to initiate a share buyback using its own capital to supplement its employee incentive pool and meet shareholders' liquidity needs, as per reports from Securities Times. The share repurchase, approved by Ant Group's board and submitted to the shareholder meeting for review, will not exceed 7.6% of the total share capital.
