China
Millennials are driving a sports tourism boom — and spending big to do it. Here’s why
Vince Nguyen, a 39-year-old entrepreneur based in Vietnam, spends a few hundreds almost every month traveling to other countries to play pickleball. The sport, which began as a pastime after injuring himself in American football, has since become central to his lifestyle, as he plays it for two to four hours almost daily. Since he […]
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CNBC’s The China Connection newsletter: Foreign investors warm to China’s cheaper AI valuations despite fears of a U.S. bubble
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Sitting in his new Beijing office, AI2 Robotics Founder and CEO Eric Guo wistfully reflected on fundraising challenges in China — and noted that U.S.-based […]
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CNBC’s UK Exchange newsletter: History lessons for Reeves ahead of UK’s much-hyped Budget
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. Follow CNBC’s coverage of the Budget throughout the day on our live blog here. The dispatch Despite the millions of words written and spoken about today’s Budget, the event will probably be all but forgotten a decade hence. […]
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Down but not out: India’s $33 billion defense production ambition is on track. Here are the stocks that stand to gain
Despite the recent crash of an India-made Tejas fighter jet at an airshow in Dubai, investors are bullish on New Delhi’s defense ambitions as the country seeks to double its military production to 3 trillion rupees (about $33 billion) by 2029 . It also aims to raise its defense exports to 500 billion rupees by […]
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Here’s what’s behind Tesla’s 3-year sales low in China
Tesla sales in China dropped to a three-year low in October, raising concerns the electric vehicle maker could see its first full-year sales decline in the country this year. Fierce competition from local rivals such as NIO and Li Auto — both reporting this week — and a bruising price war in the face of […]
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How Alibaba overcame Beijing’s crackdown to become an AI giant
On a cold November evening in Shanghai in 2020, the world’s largest IPO was abruptly canceled by Chinese regulators. It was Ant Group, the fintech affiliate of tech giant Alibaba. The company’s founder Jack Ma, one of China’s most famous billionaires, was under scrutiny for comments seemingly criticising the country’s financial regulators. What followed was four years of […]
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Chinese consumer brands flood into Africa as old investment model fades and exports jump 28%
A picture taken on December 8, 2014 in Abidjan shows a Chinese shoe dealer in a transaction at Adjamene’s market. Sia Kambou | Afp | Getty Images Chinese business dealings in Africa, once dominated by state-owned enterprises, are now increasingly shifting toward consumer products from the private sector. While Africa’s faster-growing economies, such as Kenya, […]
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U.S. moves to tame the skies as disruptive passenger incidents reach new highs
The U.S. Department of Transportation on Wednesday launched a nationwide campaign urging travelers to improve their behavior at airports and on flights, as disruptive incidents remain far above pre-pandemic levels. The effort, called “The Golden Age of Travel Starts with You,” aims to restore civility in the skies and address a surge in disruptive behavior. […]
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How Alibaba quietly became a leader in AI
From a Hangzhou startup to a global tech powerhouse, uncover the strategies that turned Alibaba into a multi-billion-dollar empire. Alibaba is transforming itself from an e-commerce giant into a global AI powerhouse. The Chinese tech giant has pledged tens of billions of dollars in investment in AI and cloud infrastructure, fueling the development of its own Qwen language models, the Quark […]
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