Ren, the face of China’s resilience against US hostilities in technology, told Xi that concerns had eased over China’s lack of home-grown chips and operating systems – the “heart and soul” of modern technology – according to a report from the People’s Daily on Friday. “I firmly believe that a stronger China is rising at…
The Indian electric vehicle (EV) market is on the brink of a paradigm shift as global giants BYD and Tesla make their way into the country. These international players are set to redefine consumer expectations by introducing new design standards, premium features, and innovative sales models that challenge the status quo of the Indian EV…
Yu Renrong, the only semiconductor executive to attend a symposium hosted by Xi Jinping with other Chinese entrepreneurs earlier this week, has quickly become the face of the nation’s chipmakers. In a video released by the mainland’s state broadcaster CCTV, the 58-year-old founder of Shanghai-listed Will Semiconductor – wearing a black coat – was seen…
Technological dominance was once synonymous with proprietary innovations. But recent history suggests differently: true disruption comes from making technology cheap, accessible and inescapable. China rejects the traditional high-cost, high-margin model of innovation. While foundational artificial intelligence (AI) and biotechnological breakthroughs still largely originate in the United States, China excels at rapidly scaling up and optimising…
CLN KraneShares Baidu Q4 Earnings Overview Baidu reported Q4 2024 financial results after the close in Hong Kong and before US markets opened this morning. Expectations going into the release were muted, especially following Founder and CEO Robin Li’s absence from President Xi’s historic private economy symposium attended by internet and technology entrepreneurs. In Li’s…
When President Xi Jinping brought together China’s most prominent entrepreneurs for a high-profile symposium, markets and industry observers the world over were watching. News of the symposium had garnered a great deal of attention, as such a meeting had not taken place since late 2018. In the years after that gathering, a series of seismic…
President Xi Jinping held a rare meeting on Monday with some of the biggest names in China’s technology sector, such as Alibaba founder Jack Ma, urging them to “show their talent” and be confident in the power of China’s model and market. The tightly choreographed pro-business rally, a turnaround in Beijing’s approach to its tech…
Elon Musk‘s Tesla experienced a significant drop in global market share in January, with sales plummeting in key regions, according to media reports.Despite continued demand for electric vehicles (EVs), Tesla’s performance was overshadowed by rising competition, particularly from Chinese brands. Meanwhile, the broader European EV market grew by 33 per cent, highlighting Tesla’s struggle against…
Elon Musk at the inauguration of U.S. President-elect Donald Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C.Photo: Kenny Holston-Pool (Getty Images) In This Story After reaching more than $486 billion, Elon Musk’s net worth has dropped by almost $90 billion due to Tesla’s poor stock performance so far this year….
CATL continued to be the world’s largest power battery manufacturer in 2024, with a 37.9 percent share above the 36.6 percent in 2023. BYD‘s share of 17.2 percent in 2024 was also higher than the 15.9 percent in 2023. CATL (SHE: 300750) continued to be the world’s largest power battery maker in 2024, followed by…