Shanghai

Huawei says applying 5G technology to business was more difficult than expected

SHANGHAI — Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than…

Investors are eyeing China’s neighbors as the recovery from ‘zero-Covid’ slows

China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to…

Volkswagen takes on China’s EV market with a higher-end car and $1 billion investment

BEIJING — German automaker Volkswagen is investing about $1 billion in China for electric car development, and releasing a vehicle…

Nio says it won’t join the ‘price war’ and slash prices like Tesla

SHANGHAI — Chinese electric car company Nio will keep its prices high rather than cut them, CEO William Li told…