VENTURE CAPITAL POST

Huawei Technologies saw its profits surge by 9.6% in 2023, more than doubling its earnings, with its net profit reaching 87 billion yuan ($12 billion) due to strong sales and growth in cloud and digital sectors despite facing challenges from U.S. sanctions.

Ex-Tesla employees allege that Elon Musk enjoys special privileges in China. Here's what was revealed.

Chinese leader Xi Jinping tells Dutch Prime Minister Mark Rutte that attempts to restrict China's technology access won't hinder its advancement amidst discussions on export restrictions.

Apple CEO Tim Cook has visited China to boost iPhone sales while praising the Chinese economy. However, he was criticized at home for his laudatory remarks.

China's President Xi Jinping met with more than a dozen American CEOs and academics on Wednesday in an effort to mend strained relations with the US.

China's BYD, backed by Warren Buffett's Berkshire Hathaway, has announced a profit increase of over 80% in its first set of annual earnings after stealing Tesla's crown as the world's top seller of electric vehicles (EVs).

A Chinese businessman was sentenced to death for the murder of his girlfriend two years ago in Nigeria.

China filed a WTO complaint against the Biden Administration, alleging discriminatory electric vehicle subsidy practices due to recent U.S. policy changes disqualifying tax credits for Chinese-sourced components.

Chinese authorities are pressuring banks to approve new loans to private property developers faster to boost purchaser sentiment and lower lenders' asset quality.

Zhang Zilong, son of the owner of Chinese snack brand Mala Prince, discloses that he discovered his family's million-dollar wealth post-graduation, as his father intentionally concealed it to instill humility and diligence in him.

Tesla's stock plummeted after Elon Musk's decision to halt car production in China amid slower EV sales growth and increased competition. Analysts warn that overcoming the downfall will be challenging without new Tesla models.

In response to the US House passing a TikTok ban bill and amid fears of Chinese retaliation, China has initiated measures to exclude US-manufactured microprocessors, particularly from Intel and AMD.

After Evergrande was accused of $78 billion fraud, Chinese authorities are investigating accounting giant PwC.

Gucci's anticipated 20% sales drop in the first quarter of 2024, attributed to an Asia slowdown, prompts parent company Kering to revamp management and introduce new collections.

Gold prices surged to a new all-time high on Thursday, and experts predict they will rise further.