Finance

China’s Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla

BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete…

Does the tax on your year-end bonus check seem high? Here’s why

Does your year-end bonus look smaller than expected? Tax withholding is a likely culprit, but Uncle Sam may pay some…

AI boom fails to propel China’s cloud market growth

BEIJING — Excitement over artificial intelligence isn’t yet fueling a boom in cloud services spending in mainland China. “The Chinese…