Keywords: China market
Nvidia chief executive Jensen Huang said the company has effectively surrendered the Chinese artificial intelligence chip market to Huawei as US export controls continue to prevent major sales of advanced processors to Chinese firms. The remarks came as Nvidia reported record first quarter revenue of......
Global investment firm EQT AB has resumed efforts to sell the mainland China operations of contact lens manufacturer Ginko International, with a target valuation of at least $1 billion, according to sources familiar with the matter. The move comes after a previous agreement to sell the business to U.S.-based......
Mercedes-Benz (Mercedes-Benz Group AG) announced a decline in first-quarter 2026 sales as the company navigates a transitional period in the Chinese market. Quarterly sales fell 6% year-on-year to 419,400 vehicles, reflecting challenges in the world’s largest automotive market. While Mercedes......
BYD, the world's largest electric vehicle manufacturer, reported sales of 300,222 vehicles in March, a 20.5% year-on-year decline according to Reuters calculations, extending its losing streak to seven consecutive months. New energy vehicle production fell 33% compared to the same month a year earlier. The......
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