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Chinese technology start-ups decided to expand their production in Southeast Asia because of the concerns about the effects of the US-Chinese trade war, the South China Morning Post writes. It is noted that such changes in preferences may further reduce the number of Chinese companies attracted to the US markets. During the IPO, Chinese technology companies have attracted more than $20 billion since the beginning of the year. According to Dealogic, this amount is about a third of the total attraction of technology companies in the world. During the same period in the US, 21 companies attracted a little over 6 billion dollars.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...
Asian shares gained on Tuesday after China’s manufacturing sector grew more than anticipated in June. The gain was a positive sign despite the global economic struggle amid the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific ...
BMW’s head of influential work council said that they must head toward a technology platform specifically for electric cars, moving away from only developing cars that can be refitted with either electric or combustion engines. "Only ...
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