Chinese device and EV maker Xiaomi (XIACF) this morning revealed its latest offering in the ultracompetitive Chinese auto market, doubling down on the success it’s already achieved with its SU7 EV sedan. As first revealed on Xiaomi’s Weibo account, and subsequently on head of marketing Leo He’s X account, the YU7 is a crossover SUV…
CLN KraneShares Key News After the Mainland’s close, a statement was released from today’s meeting of the Politburo, which is the Political Bureau of the CPC Central Committee, i.e. the highest echelon of China’s government, which was presided over by President Xi. The statement said that the body would “implement more proactive fiscal policies and…
It is known as the “smartphone king of Africa” and for years has dominated the continent’s mobile phone market. But now, Shenzhen-based Transsion Holdings is facing some stiff competition from rival Chinese brands. Transsion is the company behind phone brands including Tecno, iTel and Infinix, which won over African customers with features such as multi-SIM…
China’s BeiDou navigation system is set to reap more domestic users and accelerate its replacement of the US-based GPS system after a state-owned telecoms giant teamed up with major domestic mobile phone makers to popularise the use of its unique short messaging function. Under the short messaging service (SMS) communication partnership announced on Tuesday, China…
New attack warning hits phone users getty A stark new warning has just been issued, as a “a global threat exploiting social engineering” tricks its way onto more than 8 million phones. Beware, if you fall victim it could prove devastatingly expensive. These new attacks “lead to extortion, harassment, and financial loss.” I’ve warned about…
China has created a new specialist committee on artificial intelligence (AI), as part of the country’s vision for the development and governance of the technology, amid simmering tensions between Beijing and Washington. The AI Experts Committee will help spearhead efforts to promote the country’s perspective on how the fast-growing technology should be governed, according to…
A scramble for artificial intelligence (AI) talent is intensifying in China, as local tech giants dangle eye-watering salaries to hire top-notch professionals to compete in a heated AI race. Beijing-based smartphone giant Xiaomi will be hosting a special hiring session for AI experts in areas spanning AI models, computer vision, deep learning, autonomous driving and…
While electric vehicle (EV) sales are lagging in the U.S., contrary to the previously optimistic forecasts, Chinese EV sales are now booming. Several major Chinese automotive companies, as well as multiple start-ups, have reported record sales figures in the third quarter of the year. This trend has been widely anticipated by industry experts thanks to…
CLN KraneShares Key News Asian equities were mixed overnight despite a very strong US dollar as the US 10-year Treasury Year Yield rose to over 4.6%, while Japan and India were higher, and Hong Kong, Indonesia, and the Philippines underperformed. The Renminbi’s weakness, as it fell by -0.99%, garnered media attention even though the Yen…
Apple’s sales in Greater China fell by less than 1 per cent in last quarter, a mark of continuing decline for the US tech giant in one of its most important markets, as it tries to woo mainland officials while warding off growing competition. The iPhone maker’s sales in the market – which includes mainland…