Finance

U.S. government researchers visit a Korean mine as the race against China for critical minerals heats up

BEIJING — U.S. government researchers recently visited a South Korean mine to assess progress towards boosting supply of a critical…

JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng

Hong Kong-listed shares of Chinese online retailer JD.com climbed 1.2% on Wednesday, outperforming the decline on the Hang Seng index…

Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car

BEIJING — Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with…

Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds

Three of the nation’s largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask…

Buy now, pay later firm Klarna swings to first-half profit ahead of IPO

Klarna said it posted a profit in the first half of the year, swinging into the black from a loss…

Xpeng releases mass-market EV with basic driver-assist for less than $20,000

BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models…

Volkswagen China is spending lots of time at Xpeng to make new EVs

BEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work…