Huawei to sell Honor unit for $15 billion to Shenzhen government, Digital China, others – sources

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters. The plan comes as US restrictions on supplying Huawei Technologies Co Ltd force […]

China gears up for world’s largest online shopping festival

Hong Kong: Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles’ Day online shopping festival, as the country recovers from the pandemic. The shopping festival, which is the world’s largest and falls on Nov. 11 every year, is an annual extravaganza where China’s […]

Tesla has a recipe, but Toyota has a real kitchen and a real chef!

Toyota might be losing to Tesla in terms of market value, but don’t underestimate the fact that the Japanese manufacturer has built more than 100 million cars, President Akio Toyoda said in unusually direct comments at a competitor. “Tesla says that their recipe will be the standard in the future, but what Toyota has is […]