Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce.CEO Dani Reiss wrote in a LinkedIn note Tuesday that the job cuts are meant to put the company in a better position for scaling and will help the...
Tsinghua University has launched a new programme to cultivate disruptive tech talent, as the country continues to push innovation and self-reliance amid an intensifying tech war with the United States.The talent development programme calls for all current Tsinghua University undergraduates to launch their own innovative...
The Shenzhen-based carmaker, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, said revenue climbed 42 per cent to 602.3 billion yuan in 2023 following record deliveries of new energy vehicles (NEVs). These include pure battery-run EVs, plug-in hybrids and fuel-cell vehicles.Apple’s Tim Cook and...
Douyin Mall was launched last week as a downloadable app for Android users in mainland China, the world’s largest smartphone market. An Apple iOS version of the app was not released as of Tuesday.The new app serves “as an extension of the Douyin platform, designed...
Alibaba Group Holding is integrating the services of its online wholesale marketplace 1688 with its flagship consumer shopping platform Taobao, as the e-commerce giant continues to consolidate assets amid internal restructuring and rising competition.Taobao has recently featured three online stores under the 1688 name as...
Almost all EVs will be equipped with smart driving technologies such as autonomous parking and navigation systems by 2029, he said. And by that time, battery-powered vehicles will dominate car sales and superfast charging technology will have greatly shortened the time required for charging EVs,...
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuringAlibaba Group Holding has decided to withdraw the initial public offering (IPO) for its logistics operation Cainiao in Hong Kong and has offered to buy all remaining shares in the unit, in...
China’s economy remains resilient despite facing a multitude of headwinds, and global investors should focus on long term opportunities and take advantage of Hong Kong’s role as a “superconnector,” according to government officials and corporate executives.“Hong Kong is the only city in the world where...
WikiLeaks' founder Julian Assange leaves Westminster Magistrates Court in London, Britain.Henry Nicholls | ReutersWikiLeaks founder Julian Assange on Tuesday was granted permission by a U.K. court to appeal his extradition to the U.S., where he is wanted on spying charges.Assange will therefore not be extradited...
The governor of China’s central bank talked up the country’s property market and the resilience of its financial system on Monday, as the debt pressures weighing on a leading developer have spawned more worries the crisis in the sector has yet to reach its conclusion.At...