Zhang Yushuo

6 days ago | yicaiglobal.com | Zhu Yanran |Zhang Yushuo

(Yicai) April 18 -- China’s industrial added value surged in March at its fastest pace in nearly four years, with the industrial sector contributing over 36 percent to the nation's gross domestic product growth in the first quarter, underscoring the vital role of manufacturing, mining, and utilities in supporting economic expansion.

6 days ago | yicaiglobal.com | Qian Tongxin |Zhang Yushuo

(Yicai) April 18 -- Jensen Huang, chief executive officer of US chip giant Nvidia, has returned to China for a second visit this year, hoping to maintain cooperation with the world's second-largest economy, China Central Television News reported. Huang, who is also president and co-founder of Nvidia, met with Chinese Vice Premier He Lifeng and Ren Hongbin, chairman of the China Council for the Promotion of International Trade, according to reports by CCTV News and Xinhua News Agency.

1 week ago | yicaiglobal.com | Zhang Yushuo

(Yicai) April 17 -- Nuo Capital, an investment fund headed by Hong Kong entrepreneur Stephen Cheng, has struck a deal to acquire Bialetti Industrie, the Italian company famed for its iconic octagonal moka coffee pots. Nuo Capital will buy a 78.6 percent stake in Rome-based Bialetti for EUR53 million (USD60.4 million), the two companies announced yesterday, adding that the deal is subject to regulatory approval.

1 week ago | yicaiglobal.com | Zhang Yushuo

China's Smartphone Shipments Outpace Global Growth With 3.3% Rise in First Quarter audio is not supported! China's Smartphone Shipments Outpace Global Growth With 3.3% Rise in First Quarter (Yicai) April 16 -- China's smartphone shipments widened by 3.3 percent in the first quarter from a year earlier, surpassing global growth of 1.5 percent, driven by strengthening domestic brands such as Xiaomi and Huawei amid shrinking iPhone shipments, according to data from IDC.

1 week ago | yicaiglobal.com | Zhang Yushuo

(Yicai) April 16 -- Electric vehicle brand Polestar Automotive Holding and technology firm Xingji Meizu Group, both owned by Chinese carmaker Geely Automobile Holdings, have agreed to end their partnership. Polestar and Xingji Meizu signed a deal to terminate their joint venture Polestar Times Technology (Nanjing) and transfer the distribution rights to Polestar, the EV maker said in a filing to the United States Securities and Exchange Commission on April 10.