After selling shares to investors like Changan Auto, Huawei Technologies' new smart car software and component company is expected to be valued as much as 250 billion yuan ($34.67 billion), according to three people with knowledge of the situation.   The Chinese company announced on Sunday...

According to two people familiar with the subject, the fashion firm Shein has quietly registered to go public in the US. This makes it likely to be one of the most valuable China-founded companies to list in New York.   The IPO will be led by Goldman Sachs, JPMorgan Chase, and Morgan...

Part of Volkswagen's 10 billion euro ($10.9 billion) savings plan would include personnel cutbacks, company managers informed employees. Thomas Schaefer, the brand boss, issued a warning, stating that the company's cars were becoming less competitive due to high prices and insufficient...

India's Elon Musk, Bhavish Aggarwal, is rushing to launch millions of electric scooters and propel his country towards a cleaner future. However, some of his mechanics are unable to keep up.   Aggarwal compares Ola Electric to Tesla in the West, and the company is rapidly heading towards a...

Greenpeace, the global environmental organisation, said on Monday that large oil and gas corporations in China and other countries are "greenwashing" their natural gas imports by utilising cheap carbon offsets, all the while not adhering to strict emission reduction targets.   Long-term...

Old or young. X or TikTok. pro-Palestinian or pro-Israel. You are the only one on your social media feeds. Are they influencing your perception of the Israel-Gaza conflict?   Two videos play one after the other when I open my TikTok feed. The first features four Israeli soldiers dancing...

TikTok creator ByteDance intends to discontinue its Nuverse gaming brand and leave the mainstream video game industry, according to reports quoting information from people with knowledge of the situation.    Without providing any additional information, ByteDance informed Reuters...

Leading Chinese wealth manager Zhongzhi Enterprise Group is the subject of a police investigation in Beijing, as per a social media statement on Saturday by the Chaoyang Public Security Bureau.   Zhongzhi threatened to rekindle investor concerns that China's property debt crisis is spreading...

The New York Times revealed on Friday that Elon Musk's social network business X may lose up to $75 million in advertising revenue by the end of the year as a result of numerous big firms pausing their marketing initiatives.   Many businesses, including Walt Disney and Warner Bros....

Barclays is developing plans to save up to 1 billion pounds ($1.25 billion), which may entail eliminating up to 2,000 people, mostly in the British bank's back office, according to a source with direct knowledge of the plans who spoke to Reuters.   Under the direction of Chief Executive C.S....

On one of the busiest shopping days of the year, protests against the working conditions at the American e-commerce behemoth, Amazon, gathered momentum on Friday, when employees at many locations throughout Europe went on strike.   "Make Amazon Pay", a campaign coordinated by the UNI Global...