Page 4 - Chinese Firms

Xiaomi launches new AI-enhanced, photo-geared 14 Series smartphone

Xiaomi last year was placed third globally for share of the smartphone market, accounting for 12.5% of global shipments, behind leader Apple at 20.1% and Samsung in second with 19.4% market share

Alibaba looks for partners in West Asia as Beijing deepens Gulf ties

Alibaba is trying to stage a comeback after years of government punishment and strategic missteps that cost the e-commerce operator its place as leader of the country's tech industry

Asian stocks drop after 6-day winning streak; Chinese shares decline

A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd

Chinese brand Transsion rings a bell in India's smartphone market

In 2023 (CY23), Shenzhen-based Transsion won 8.6 per cent of the Indian smartphone market, according to data from Counterpoint Research

ED seizes Rs 1.3 cr in 19 raids on China-backed fintech firms in India

Earlier search operations had resulted in the recovery of incriminating documents and assets totalling Rs 19.43 crore

China top exporter of finished steel to India in April-Sept: Govt data

The Indian steel industry has sought government intervention through safeguards against Chinese imports

For Indian solar manufacturers battling Chinese threat, PLI brings hope

The pursuit of market share by Indian solar manufacturers amid Chinese threat is stuck in a dark tunnel. Is PLI the light at the end?

Chinese giant BYD prepares $1 bn bet to build EVs, batteries in India

The company previously said it planned to set up manufacturing in India, now the world's third-largest car market

No plan to let Chinese firms re-enter Indian telecom market: Govt

The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services

US sanctions Chinese, Mexican companies over pill making machinery

The United States Treasury sanctioned more than a dozen people and businesses in China and Mexico Tuesday that allegedly helped provide machines used to make counterfeit prescription drugs in the latest efforts to confront trafficking of the deadly synthetic opioid fentanyl. Those targeted for sanctions were all involved in one or another with the sale of pill press machines, molds and other equipment drug cartels use to produce counterfeit pills. "Treasury's sanctions target every stage of the deadly supply chain fuelling the surge in fentanyl poisonings and deaths across the country," Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson said in a statement. Among those sanctioned were Chinese pill press supplier Youli Technology Development Co., Ltd. of Huizhou, China and three affiliated Chinese citizens. Treasury said the company had shipped pill press machinery to people in the US involved in making counterfeit pills. The US sanctions also .

Checkmate for Chinese firms in India's growing reinsurance market

The insurance business, by its nature, collects enormous data about Indians and is regarded as an economically sensitive sector

Top headlines: Reliance begins price war, ONDC forays into mobility segment

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ICEA wants bars raised for Chinese companies in Indian markets

Justifying its stance, the ICEA in a presentation said the country had big global EMS players from Taiwan and the US, and home-grown players that could meet the requirements here

Heavily indebted Chinese developer Evergrande proposes debt restructuring

A Chinese real estate developer whose struggle to manage more than USD 300 billion in debt rattled global financial markets announced a long-awaited plan on Thursday to restructure what it owes to foreign bondholders. The Evergrande Group, the global real estate industry's most heavily indebted company, ran short of cash after Beijing tightened controls on corporate debt the ruling Communist Party worries is dangerously high. Some other Chinese developers collapsed, leaving half-finished apartment blocks standing empty. Evergrande's struggle prompted fears about possible shockwaves for the global financial system. The Chinese central bank tried to reassure investors, saying its problems could be controlled and were unlikely to spill over. A deputy central bank governor, Pan Gongsheng, said this month the real estate industry finally was recovering following a wave of defaults. Pan said financing conditions for healthy developers had improved significantly. Evergrande's plan would .

G-7 weighs sanctioning Chinese, N. Korean firms for aiding Russia military

The aim is to coordinate a package of measures by Feb. 24, the one-year mark of Russia's invasion of Ukraine, the people said, asking not to be identified discussing sensitive matters

China introduces IceBurial tech amid rising number of Covid deaths

Amid the rising number of deaths in China due to COVID-19, it has introduced IceBurial technology which covers first-hand info and unique insights about China and the Chinese Communist Party

160 Chinese firms yet to be issued certificate for selling toys in India

The government on Friday said it has not yet issued a mandatory quality certificate to around 160 Chinese companies for selling toys in India, and the delay is due to the COVID-19 pandemic. From January 2021, India has made it mandatory to get the quality certification mark of 'ISI' from the Bureau of Indian Standards (BIS) for the sale of toys in the country. "Around 160 Chinese toy companies have applied for the BIS quality certification in the last two years. We have not yet issued to them in view of the COVID-19 pandemic," BIS Director General Pramod Kumar Tiwari told reporters. Normally, the BIS quality certification is issued after an inspection of the factories. Due to the pandemic restrictions and health concerns, the BIS officials could not visit China, he said. "Neither they invited us for inspection nor we could visit China because of the pandemic," Tiwari said. In the last two years, Tiwari said the BIS has granted the quality certificate to 29 foreign toy makers, out

Chinese tech giant Tencent Holdings wins approval for gaming blockbusters

It was only the second time the Chinese tech giant gained licences for blockbuster titles since Beijing resumed issuing them in April

Indian smartwatch players gear up to beat Chinese, global rivals in 2023

The Indian smartwatch market has not only grown exponentially on the home turf, but also performed exceptionally well at the global level and the domestic players expect to repeat the feat in 2023

Ban on TikTok's use on US govt devices likely to trigger more prohibitions

There could be more Congressional prohibitions against TikTok after a new ban on the use of Chinese social media app on US government devices with lawmakers keen on more action