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If you know about Ranger Rovers, you may also know about a Chinese version of the Ranger Rover Evoque which they named Land Wind X7. This “copyrights violation” has started a war among car owners in China, and it’s getting more interesting. Image: Land Wind X7 The Land Wind X7 looks exactly like an Evoque, and…
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CHINA (Auto News): BYD Co., the electric-car maker backed by Warren Buffett’s Berkshire Hathaway Inc., said a unit of Samsung Electronics Co. bought a $449 million (3 billion yuan) stake in the Chinese auto company. Image: File Photo Shanghai Samsung Semiconductor bought 52.3 million BYD shares at 57.4 yuan apiece in a private placement that raised…
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Image shows China Citic Bank logo. Twelve Chinese commercial banks have announced the creation of an Internet finance alliance, allowing customers to enjoy online cross-bank fund transfers without being charged. Under the framework, “mobile banking and personal online banking services will no longer charge clients fees for money transfers”, regardless of the amount. The agreement…
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Image: The Rainbow Shopping Mall With the adoption of the two-child policy, China has seen a boom of its “second-child economy”, heating up related industries, Guangzhou Daily reports. Health products saw a significant growth in sales, with more people turning to pharmaceuticals to improve their chances of conceiving. Popular products including prenatal supplements like folic…
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WECHAT (CRI): In a world saturated with social media, out lives have lost certain dimensions and become immersed in cyberspace. Face-to-face interactions have lessened, and sending, replying and waiting for messages on WeChat, one of China’s most popular social media platform, has become an indispensable part of life for many. China Youth Daily conducted a survey…
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Image shows a Japanese seller displaying electronic products. Japanese electronics maker Funai Electric Co. says it will no longer produce video cassette recorders (VCR), adding that the company is rolling out the last of its products. The company manufactures LCD TVs, DVD and Blu-ray disc players, computer printers, and other audiovisual gear. Its electronics are sold under…
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Hans Vestberg has reportedly stepped down as Chief Executive and President of telecom giant Ericsson, as the company struggles to improve earnings amid tightening competition in the industry. Image: Hans Vestberg According to media reports, the Swedish wireless equipment maker says in an official statement that Vestberg is leaving all assignments “with immediate effect” and…
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MEMO—Hande Firat, the CNN Türk television anchor who was the first to speak with Turkish President Recep Tayyip Erdoğan after the start of the failed coup attempt, has rejected an offer to buy her mobile telephone for 1,000,000 Saudi Riyals (around $260,000), Rassd.com reported on Friday. Image shows Hande Firat speaking to Turkish President during…
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BEIJING — A group of Hyundai Motor Co. dealers in China is seeking 800 million-900 million yuan ($120 million-135 million) in compensation from the South Korean automaker, saying Hyundai has cut the flow of models it exports to them, resulting in dealership losses and closures. The group’s leader, Wang Rongzhen, told Reuters on Wednesday that…
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Auto News — China’s BAIC Motor Corp. started selling cars imported from China in Mexico and aims to reach 5,000 sales a year by 2018, a senior company executive said. Beijing International Car Show. BAIC, the Hong Kong-listed unit of Beijing Automotive Group Co., joins a host of international automakers who have set up operations in…
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Editor’s note: This article is part of a package of stories marking the 75th anniversary of Jeep that will run in the July 11 print edition of Automotive News. Image: John’s 1947 Wild Willy’s Mike Manley, the head man at Jeep, regularly refers to the Wrangler as the “icon” and “anchor” of the brand, the…
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Image: Google Android At least 10 million Android devices have been infected by malware called HummingBad, according to cybersecurity software maker Check Point. Check Point, which has been tracking the malware since it was discovered in February, has released an analysis of the threat. For months, the number of infections were steady but they spiked sharply…
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Image: Alibaba Group Holdings founder and owner Jack Ma. Chinese billionaire and Alibaba owner Jack Ma has taking automobile competition to the doorsteps of business giants Apple Inc and Google by pushing his company into the car business previously held in monopoly by the mentioned companies. China’s indigenuous company has now joined the global battle to control…
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The impact of Britain exiting the European Union (EU) on trade and investment in East Asia and the Pacific (EAP) is not likely to be substantial due to the region’s low exposure to the UK, said the World Bank in a new report. Direct trade between EAP countries and the United Kingdom (UK) is “limited”…
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The Toyota Camry took the top spot for the 10th annual Cars.com American-Made Index. The Camry has topped the Cars.com index six times according to AutoNews report. The sedan, built in Georgetown, Ky., and Lafayette, Ind. (though Indiana production is set to end this fall), has a U.S.-sold domestic content of 75 percent, according to…
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AutoNews–Toyota Motor Corp. said it’s recalling about 3.4 million vehicles globally to repair separate flaws involving leaky fuel tanks and curtain airbags that may crack and injure occupants. The larger fuel tank recall affects 2.87 million vehicles worldwide, including Prius hybrids and Corolla compacts, the company said in an e-mail. Toyota said fuel emissions control…
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Image: Cristiano Ronaldo at the launch of his hotel investment. Real Madrid legend Cristiano Ronaldo recently launched his luxury hotels located in Madeira and Lisbon–referred to as Boutique hotels. The player may have started out small but he sure has quality taste for everything he lays hand on. Ronaldo is building a business empire that includes:…
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There are truly, people who would never work hard but keep looking for others to sue just like this mystery man who says he’s the first to come up with the iPhone idea 24 years ago. iPhone was announced in 2007. Thomas Ross from Florida, has filed a lawsuit against Apple this week claiming the…
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There’s hardly anyone who doesn’t know about Alibaba, either from story books or as the famed Chinese business firm battling scam and fake products–but only a few may know how the founder Jack Ma came to use the name ALIBABA. Ma explained: “One day I was in San Francisco in a coffee shop, and I…
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Chinese billionaire and famous Alibaba founder Jack Ma said he would rather not build a business like Alibaba if given the choice in his next life, claiming that his creation of the e-commerce giant has been his biggest mistake and worst nightmare. Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services…
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