The Latest Breaking News from China

Citi Sees Intel's Bear Case Taking Shape Sooner Than Expected

At a competitor conference on June 7, Intel Corp (NASDAQ:INTC) appeared to talk down the quarter as company management mentioned that circumstances were worse than expected during the quarter due to reduced inventory levels at customers and delays in normalization post-COVID lockdowns in China. Previously, Citi published multiple updates on flagging PC…

Benzinga · Jun 8, 2022

Key Takeaways From Baidu's First EV Launch

Baidu, Inc (NASDAQ:BIDU) electric vehicle arm Jidu Auto launched a "robot" concept car via an online press conference held on Baidu's metaverse-themed app Xirang. It is the first vehicle to be revealed by a Chinese internet company. The concept car is free of door handles and is fully controlled via voice recognition, Reuters reports.…

Benzinga · Jun 8, 2022

Hong Kong Is a 'Wake-Up Call for the World'

Former Apple Daily writer Simon Lee says China's crackdown reveals the CCP's ambitions for global authoritarianism.

Reason · Jun 8, 2022

China says U.S. needs to ease sanctions on N.Korea, end military exercises

The United States needs to take action on North Korea such as easing sanctions in certain areas and ending joint military exercises with South Korea, China's U.N. Ambassador Zhang Jun told the U.N. General Assembly on Wednesday.

Reuters · Jun 8, 2022

Inspired By Alibaba, Tencent Goes Global As Regulatory Crackdown In China Continues To Bite

Tencent Holdings Ltd (OTC:TCEHY) looks to unleash its flagship mobile game "Honor of Kings" globally by the end of 2022, Reuters reports.  Tencent will launch the international version under its Singapore-based brand Level Infinite, formed in 2021 to help games globally. "Honor of Kings," with over 95% of its users in China,…

Benzinga · Jun 8, 2022

China Said To Building A Secret Naval Base In Southeast Asian Country

China, whose navy has the world's largest fleet but only one foreign facility to launch ships, is secretly building a new naval base in Cambodia.

Benzinga · Jun 8, 2022

Why more European firms are choosing Vietnam over China

A combination of geopolitical tensions and higher costs are pushing large firms to look for alternative production sites. Vietnam's strong economic performance in recent years has drawn the attention of European firms.

Bangkok Post · Jun 8, 2022

Alibaba Could Suffer Fallout From Mysterious Disappearance Of 'Lipstick King'

The sudden disappearance of China's "Lipstick King" from Alibaba Group Holding's (NYSE: BABA) Taobao may come as a blow to the live-streaming platform.

Benzinga · Jun 8, 2022

Czech Republic eyes exit from China’s 16+1 investment club

Citing ‘unfulfilled expectations’, Prague considers leaving China’s 16+1 investment club for Central and Eastern Europe.

Al Jazeera · Jun 8, 2022

Ling Huawei: Missions of International Organizations and Roles of China

What expectations should China have for international organizations? At present, the views of Chinese people from various backgrounds seem inconsistent, and include long-term misunderstandings, writes Caixin managing editor Ling Huawei

Caixin Global · Jun 8, 2022