China

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Volkswagen’s Xpeng deal sets example for EV alliance between the West and China

The major news from China’s auto industry this week is Volkswagen’s $700 million investment in the country’s electric vehicle startup, Xpeng. This partnership has the potential to set a precedent for Western automakers seeking to leverage Chinese firms for their EV expertise, while their Chinese counterparts can benefit from their foreign allies’ global distribution. The […]

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China’s OpenAI challenger Zhipu AI gets Meituan funding

Zhipu AI, one of China’s most promising challengers to OpenAI, has received funding from the country’s food delivery giant Meituan, which has a market cap of around $100 billion at the time of writing. An affiliate of Zhipu AI recently added a Meituan subsidiary as its shareholder, which now owns a 10% stake in the

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China bans Micron chips in key infrastructure over ‘national security’ risks

China has banned some sales of Micron products after launching a probe into the American memory chip giant for cybersecurity risks in early April. The decision is widely seen as part of the tit-for-tac in the ongoing U.S.-China economic competition, which has started to upend a deeply intertwined global tech supply chain. Last year, the

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