U.S. Prosecutor Calls Huawei a ‘Criminal Enterprise’ as Trial Begins
A U.S. prosecutor on Wednesday accused Chinese telecommunications giant Huawei of operating a “criminal enterprise” that stole technology from American companies and abused the U.S. financial system to expand its global business. In opening...
DeepSeek Taps CITIC Securities for Potential Shanghai IPO
Chinese artificial intelligence startup DeepSeek has tapped CITIC Securities to prepare for a potential initial public offering on Shanghai’s tech-focused STAR Market, according to two people familiar with the matter. The Hangzhou-based company aims...
China’s Delivery Price War Gives Rise to a New Instant-Retail Battle
China’s fierce meal-delivery subsidy war may be losing steam, but it has permanently changed consumer expectations. After a year of heavy spending by Meituan, Alibaba and JD.com on discounts, free delivery and merchant incentives,...
Alibaba Launches $10.2 Billion Share Sale to Fund AI Push
Alibaba shares fell sharply in Hong Kong on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share sale to finance its artificial intelligence ambitions. The company is offering HK$80...
US Expands Import Ban to 43 Chinese Companies Over Uyghur Rights Concerns
The United States has added 43 more Chinese companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, citing alleged links to human rights abuses against Uyghurs and other minority groups in China’s...
European Commission Charges Temu Over Alleged Non-Cooperation in Subsidy Probe
The European Commission has charged Chinese online retailer Temu for allegedly failing to cooperate properly during an inspection carried out at its European headquarters in Dublin in December. The investigation is part of a...
EU Challenges JD.com’s Ceconomy Takeover Over Foreign Subsidy Concerns
The European Commission on Wednesday issued a formal statement of objections to Chinese e-commerce giant JD.com regarding its proposed acquisition of German electronics retailer Ceconomy, intensifying its investigation into the deal under the EU’s...
Trump Declassifies China Election Documents, Revives 2020 Claims
U.S. President Donald Trump on Thursday declassified a series of documents that he said revealed Chinese interference in U.S. elections and exposed vulnerabilities in America’s election system. He claimed China had obtained millions of...
US Halts Anthropic AI Model Access Over National Security Concerns
The U.S. Commerce Department has ordered artificial intelligence company Anthropic to suspend global access to its latest AI models, Mythos and Fable 5, citing concerns that the technology could be exploited by military intelligence...
Arcadia Mayor to Plead Guilty in China Foreign Agent Case
Eileen Wang, the mayor of Arcadia, has agreed to plead guilty to a federal charge of acting as an unregistered foreign agent for the Chinese government, according to U.S. officials. Wang, 58, resigned from...