Alibaba today announced it will invest $3.6 billion in Sun Art Retail Group, a huge hypermarket and supermarket operator in China. Sun Art is the largest retailer in China and competes head to head with Walmart.
China has fired the latest shot in the ongoing trade war with the US, passing legislation to restrict exports of sensitive technology.
Richard Gelfond, CEO of IMAX, says that China and Asia, in general, are ahead of the rest of the world in feeling safe and resuming their lives including going to the movies.
“We think the commercialization of autonomous driving for trucks will probably take place a lot sooner than it will take place in the passenger car vehicle sector,” says Richard Zhang, CFO of Full Truck Alliance.
At Tech Day, China’s version of GM’s EV Day, GM has announced major advancements coming to its vehicles in China.
Hon Hai Precision Industry Co. (Foxconn) Chairman Young Liu has said China’s “days as the world’s factory are done,” largely because of the US-China trade war. Foxconn is the primary manufacturer of Apple’s iPhone, as well as a leading manufacturer…