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China’s Alibaba profit tumbles 86% though revenue beats estimates – CNN

Jade Gao/AFP/Getty Images/File Alibaba is China’s top e-commerce company by market share. Reuters — China’s Alibaba Group Holding Ltd. on Tuesday reported an 86% drop in fourth-quarter profit, largely due to valuation changes from equity investments, and the company’s U.S.-listed shares fell despite better-than-expected sales. Shares fell about 6% in early trading. The company also […]

China’s EVs a ‘Nightmare’ for U.S. Auto Workers Without Steep Tariffs

BYD, the Chinese Communist Party’s (CCP) major automaker, sells electric vehicles (EVs) that cost $12,000, but without a complete ban or increased tariffs on electric vehicles (EVs) made by Chinese companies, “This could be a nightmare” for the automotive industry. . a report from detroit newsIn interviews with multiple industry insiders, the magazine found that […]

Sea Trials Begin Of China’s New Aircraft Carrier Fujian. What It Means For India

The Fujian aircraft carrier will be the first conventional energy-powered platform to be equipped with the EMALS system. China’s third aircraft carrier, the Fujian, took to sea last week for its first tests, a key moment in China’s naval expansion to challenge the United States’ global presence. The new aircraft carrier, named after the Fujian […]

Communist China’s Xi Arrives in Paris for French State Visit, EU Talks

(AFP) – Chinese President Xi Jinping arrived in France on Sunday on a state visit hosted by President Emmanuel Macron, with the French leader seeking to pressure the president on a range of issues from Ukraine to trade. The visit, which marks the 60th anniversary of diplomatic relations between France and China, marks the beginning […]

Prominent Media Outlet Hosted Communist Party Influence Group Member Who Praised China’s Foreign Activities

Semafor, a news outlet popular among political staffers and policymakers, recently featured a speaker linked to Chinese influence operations to expound on the virtues of China’s foreign infrastructure investments. Wang Huiyao, using the anglicized name Henry Wang, spoke via remote teleconference at Semafor’s 2024 World Economy Summit in April, using the opportunity to praise China’s […]

China’s Huawei Secretly Funds Tech Research at American Universities

China’s state-owned electronics giant Huawei is reportedly “secretly funding cutting-edge research at U.S. universities” through a Washington-based nonprofit called the Optica Foundation. Thursday’s Bloomberg News report Said Huawei is the sole funding source for the research competition run by the Optica Foundation, a professional organization that specializes in visible light technologies such as fiber optics […]