Jerry Lin
The Latest
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BYD's Seagull EV Steals the Spotlight with Unbeatable Price at Shanghai Auto Show
At the Shanghai auto show this week, a bright yellow hatchback named "Seagull" attracted huge crowds. Developed by China's largest electric vehicle (EV) maker, BYD, the affordable Seagull is priced at 78,000 yuan ($11,300), approximately half the cost of other new energy vehicles available in the market. 
At the Shanghai auto show this week, a bright yellow hatchback named "Seagull" attracted huge crowds. Developed by China's largest electric vehicle (EV) maker, BYD, the affordable Seagull is priced at 78,000 yuan ($11,300), approximately half the cost of other new energy vehicles available in the market. -
Bitcoin Plummets to $29,000 Amid Massive Sell-Off and Crypto Liquidations
Bitcoin (BTC) experienced a sudden drop of over 3% within a 15-minute window during European morning trading on Wednesday, pushing the leading cryptocurrency below the $30,000 mark and reaching lows of $29,000, according to CoinDesk data. 
Bitcoin (BTC) experienced a sudden drop of over 3% within a 15-minute window during European morning trading on Wednesday, pushing the leading cryptocurrency below the $30,000 mark and reaching lows of $29,000, according to CoinDesk data. -
Coinbase CEO Warns of Crypto Firms Going 'Offshore' Due to Unclear Regulations in the US and UK
Coinbase Global Inc.'s CEO, Brian Armstrong, has called for clearer cryptocurrency regulations in the United States and Britain to avoid the development of firms in "offshore havens." Armstrong's comments came during a conference organized by Innovate Finance, an industry body, and were prompted by the failure of the Bahamas-based FTX exchange last year. 
Coinbase Global Inc.'s CEO, Brian Armstrong, has called for clearer cryptocurrency regulations in the United States and Britain to avoid the development of firms in "offshore havens." Armstrong's comments came during a conference organized by Innovate Finance, an industry body, and were prompted by the failure of the Bahamas-based FTX exchange last year. -
Ant Group Fines Expected to Decrease to $700 Million as China Softens Stance
Chinese regulators are reportedly planning to reduce the fine on Ant Group by around 25% from the initially proposed amount of over $1 billion, as they aim to conclude the multi-year crackdown on prominent technology firms. Sources familiar with the matter revealed that the current fine being considered is approximately 5 billion yuan ($728 million). 
Chinese regulators are reportedly planning to reduce the fine on Ant Group by around 25% from the initially proposed amount of over $1 billion, as they aim to conclude the multi-year crackdown on prominent technology firms. Sources familiar with the matter revealed that the current fine being considered is approximately 5 billion yuan ($728 million). -
Bitcoin Miners Rejuvenate as Crypto Market Warms Up
After a harsh crypto winter, bitcoin miners are finally experiencing a financial resurgence, thanks to the cryptocurrency's rally above $30,000 and a decrease in electricity costs, leading to improved profitability. 
After a harsh crypto winter, bitcoin miners are finally experiencing a financial resurgence, thanks to the cryptocurrency's rally above $30,000 and a decrease in electricity costs, leading to improved profitability. -
China Experiences Economic Surge in Q1, Global Challenges Loom Over Recovery
China's economy reported faster-than-anticipated growth in Q1 as the easing of strict COVID restrictions allowed businesses and consumers to recover from the pandemic's impact. However, the global slowdown presents potential obstacles to a stable outlook. 
China's economy reported faster-than-anticipated growth in Q1 as the easing of strict COVID restrictions allowed businesses and consumers to recover from the pandemic's impact. However, the global slowdown presents potential obstacles to a stable outlook. -
China's Electric Vehicle Surge, Spearheaded by BYD, Outpaces Global Brands
As China's automotive market, the world's largest, swiftly transitions towards electric vehicles, homegrown brands are leaving international competitors behind. The upcoming Shanghai Auto Show, starting Tuesday, will showcase a dramatically altered landscape compared to the 2021 event, held under strict COVID-19 restrictions. 
As China's automotive market, the world's largest, swiftly transitions towards electric vehicles, homegrown brands are leaving international competitors behind. The upcoming Shanghai Auto Show, starting Tuesday, will showcase a dramatically altered landscape compared to the 2021 event, held under strict COVID-19 restrictions. -
Crypto Market Faces Headwinds as Rising Bond Yields Bolster US Dollar
On Monday, major cryptocurrencies experienced moderate losses as the US dollar index climbed alongside Treasury yields, indicating the market's increasing acceptance of the Federal Reserve's ongoing liquidity tightening cycle. CoinDesk's Bitcoin (BTC) price index dipped below $30,000, reflecting a 1.7% decline over the past 24 hours. 
On Monday, major cryptocurrencies experienced moderate losses as the US dollar index climbed alongside Treasury yields, indicating the market's increasing acceptance of the Federal Reserve's ongoing liquidity tightening cycle. CoinDesk's Bitcoin (BTC) price index dipped below $30,000, reflecting a 1.7% decline over the past 24 hours. -
Tesla Shanghai Workers Express Discontent Over Bonus Cuts, Seek Elon Musk's Attention
Tesla's Shanghai factory workers have voiced their dissatisfaction on social media platforms, including directly addressing Elon Musk, after being informed about reductions in their performance bonuses over the weekend, according to online posts and employees who spoke to Reuters. 
Tesla's Shanghai factory workers have voiced their dissatisfaction on social media platforms, including directly addressing Elon Musk, after being informed about reductions in their performance bonuses over the weekend, according to online posts and employees who spoke to Reuters. -
Xiaomi Refutes Ukraine's 'War Sponsor' Allegations, Stresses Commitment to World Peace
Ukraine's National Agency on Corruption Prevention (NACP) has labeled Chinese smartphone manufacturer Xiaomi, its founder and CEO Lei Jun, and 12 other executives as "international war sponsors." The NACP accuses the Beijing-based company of continuing business in Russia despite its military actions in Ukraine. 
Ukraine's National Agency on Corruption Prevention (NACP) has labeled Chinese smartphone manufacturer Xiaomi, its founder and CEO Lei Jun, and 12 other executives as "international war sponsors." The NACP accuses the Beijing-based company of continuing business in Russia despite its military actions in Ukraine.
