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Daimler to revamp China plant to make Actros trucks as sales surge


BEIJING Germany's Daimler AG and its China commercial vehicle partner Beiqi Foton Motor Co plan to invest 2.75 billion yuan ($415.32 million) to build Mercedes-Benz-branded Actros heavy trucks for the first time in China, a document showed.

Alibaba, JD.com say U.S. was top seller to China during Singles' Day event

BEIJING/SHANGHAI Alibaba and JD.com said the United States was the top seller of goods to China during the Singles' Day shopping extravaganza that generated about $116 billion in merchandise volume for the pair. | Video

China, Technology Nov 12 2020

Exclusive: TikTok-owner ByteDance to rake in $27 billion ad revenue by year-end - sources

HONG KONG/BEIJING TikTok-owner ByteDance is on track to generate at least 180 billion yuan ($27.2 billion) in advertising revenue in China this year, which will cement its no. 2 spot in China's digital ad market, two people with knowledge of the matter said.

Technology, China Nov 11 2020

Exclusive: Huawei to sell phone unit for $15 billion to Shenzhen government, Digital China, others - sources

HONG KONG Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters. | Video

Technology, China Nov 10 2020

With new chip, MediaTek aims to put 5G in lower-cost smartphones

MediaTek Inc on Tuesday released a new smartphone chip that aims to bring 5G connectivity to lower-priced devices and a new chip for Chromebooks to try to meet the booming demand for low-cost laptops in the education market.

Nov 10 2020

Timeline: Huawei feeling the heat as it eyes Honor sale

SHENZHEN, China Huawei Technologies [HWT.UL] plans to sell its budget-brand Honor smartphone unit in a 100 billion yuan ($15.14 billion) deal after years of pressure from U.S. trade curbs made on grounds that the technology firm is a national security threat.

Technology, China, Germany Nov 10 2020

Lenovo profit beats expectations, helped by remote working trend

HONG KONG China's Lenovo Group, the world's biggest PC maker, posted a better-than-expected quarterly profit on Tuesday and said it is continuing to benefit from "new normal" remote working after COVID-19.

Technology, China Nov 03 2020

Apple supplier Luxshare unnerves Foxconn as U.S.-China feud speeds supply chain shift

TAIPEI/SHANGHAI Apple's top iPhone assembler, Taiwan-based Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturer Luxshare, which it believes poses a serious threat to its dominance, three sources with knowledge of the matter said.

Oct 25 2020

Exclusive: Ant may raise up to $17 billion in Shanghai IPO leg as investors submit bids, say sources

HONG KONG/SHANGHAI China's Ant Group could raise up to $17.3 billion in the Shanghai leg of the likely $35 billion dual listing, the world's largest ever, after some large investors submitted bids in the range of 68-69 yuan per share, people with knowledge of the matter said.

Oct 24 2020

Huawei ekes out third-quarter revenue growth as U.S. restrictions bite

SHANGHAI Huawei Technologies Co Ltd eked out a gain in third-quarter revenue as the impact of the COVID-19 pandemic added to supply-chain difficulties brought about by U.S. restrictions on doing business with the Chinese firm. | Video

Technology, China Oct 23 2020

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains.   Document