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News in Brief, Movers and Shakers, Biz talk, Sites and Sounds, Context
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News in Brief
Movers and Shakers
Biz talk
Sites and Sounds
Context
Company
Nestle completes acquisition of Chinese confectionery maker
Food giant Nestle announced on Monday it has reached a deal to take over the remaining 40 percent stake in confectionery maker Hsu Fu Chi from members of the Hsu family.
3d
0
Tech
HP announces 2,000 more global redundancies amid cost-cutting drive
Besides Hewlett Packard, the tech sector continues to see workforce reductions, with fellow US giants Meta, Google, and Microsoft also implementing layoffs in 2024-2025.
2025-02-28 18:11
0
Company
GE HealthCare names J&J veteran Song as new China chief
GE HealthCare says that Will Song will take over as new president and CEO of China in July, from Zhang Yihao, who will retire after the Johnson & Johnson veteran joins in April.
2025-02-27 19:18
0
Economy
Trip.com rides tourism rebound with surging inbound demand
China's biggest tourism platform capitalized on China's visa facilitation policies, including Shanghai's 72/144-hour transit visa exemptions, to report net profit up by 72 percent.
2025-02-26 19:42
0
Auto
SAIC Group, Huawei agree on NEV strategic cooperation
China's largest automaker SAIC Motor and Chinese tech giant Huawei reach an agreement to cooperate in various fields for competitive new-energy vehicles (NEVs) in the future.
2025-02-21 17:40
0
Auto
Auto rivals NIO, GWM agree to share charging networks for EVs
Under the agreement signed on Friday, NIO's charging network will be open to users of Haval, Wey, Ora, and Tank, four sub-brands of Great Wall Motor, China's largest SUV maker.
2025-02-14 18:58
0
Auto
BYD, Geely drive into global top 10 list with surging auto sales
Two Chinese carmakers have made it to the list of top 10 global automakers in terms of sales in 2024, created a new record for Chinese car industry.
2025-02-07 20:24
0
Auto
Price war intensifies as Tesla, Xpeng and Nio announce deep cuts
Chinese brands offering incentives after sales increases in January while Tesla, which is seeing disappointing results in several European markets, also gave big discounts.
2025-02-05 21:18
0
Auto
Toyota to build Lexus EV plant in Shanghai
The new company will develop Lexus-branded pure electric models that meet the expectations of Chinese customers and is scheduled to go into production in 2027, according to Toyota.
2025-02-05 15:56
0
Company
Reckitt Benckiser Group starts work on global R&D center
CEO Kris Licht says site in Minhang's Caohejing Hi-Tech Park could become a blueprint for global innovation and affirms the company's long-term commitment to the Chinese market.
2025-01-17 18:39
0
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