In a telling sign of the state of bike sharing, Mobike, a once red-hot startup that attracted billions in investment capital, is closing down all international operations and putting its sole focus on China.
On Friday, Mobike laid off its operations teams in APAC, which entailed more than 15 full-time employees
Didi Chuxing, China’s largest ride-hailing startup which claims over 550 million registered users, is deepening its focus on electric vehicles after it announced a joint venture with BAIC, a state-owned automotive giant.
‘Jingju’ — as the venture is called — is a partnership between Didi and BAIC affiliate Beijing Electric
Stocks posted weekly gains, but an ongoing U.S. government shutdown and worries about China pushed shares marginally lower on Friday.
Trade tensions with the U.S. are primarily hitting sentiment in China so far, but will likely have tangible effects on the economy next year, analysts say.
Starbucks is expanding its partnership with Uber Eats to more than 2,000 stores in the United States next year, about a quarter of all of the company’s locations in the country.
The relationship bolsters Uber’s mission for its on-demand food delivery service, Eats. Uber has said it plans to
China summoned the Canadian ambassador to protest the detention of a top executive of leading Chinese tech giant Huawei.
Alibaba Group announced today that it will increase its stake in Alibaba Pictures from 49% to 50.92%, making it the loss-making movie production company’s controlling shareholder. Under the agreement, Alibaba Pictures will issue one billion new shares, priced at HKD $1.25 each share for a total of HKD
The United States and China are exploring a trade pact that would halt further tariffs from Washington in exchange for new talks looking at major changes to Beijing's economy policies, officials tell the WSJ.
Technology companies including semiconductor giants and iPhone maker Apple have the most to lose from further U.S.-China trade tensions at a Group of 20 summit later this month, according to Citigroup.
Former Canadian Prime Minister Stephen Harper joins Ben to discuss the rise of populism in the U.S. and Canada, the real problem with illegal immigration, and why Donald Trump may just know a thing or two about China and free trade.