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13+ hour, 10+ min ago (12+ words) Travel Surges as Over 50 Chinese Cities Embrace New Spring Holiday'Yicai Global...
New Home Sales by Area in Key Chinese Cities Decline in First Quarter
17+ hour, 56+ min ago (667+ words) (Yicai) April 2 -- The sales area of new homes in key Chinese cities declined last quarter, with the overall real estate market remaining sluggish. By comparison, second-hand home sales in first-tier cities rebounded in March. Around 26.39 million square meters of new…...
Rising Oil, Chip Costs Force China’s Home Appliance Makers to Hike Prices
15+ hour, 15+ min ago (572+ words) (Yicai) April 2 -- China's home appliance sector is feeling the pressure as oil prices surge amid the Middle East conflict, memory chip prices climb due to the expansion of artificial intelligence data centers and other raw materials become more expensive, and…...
Chery Jaguar Land Rover Goes All-Electric, Launches Independent EV Brand
15+ hour, 9+ min ago (426+ words) (Yicai) April 2 -- Chery Jaguar Land Rover Automotive, the luxury vehicle joint venture of China's Chery Automobile and the United Kingdom's Jaguar Land Rover, has stopped making cars with internal combustion engines and launched'a'new independent electric vehicle brand. Chery JLR's last…...
China’s Ezhou Int’l Cargo Airport Opens Routes to Italy, Brazil
18+ hour, 5+ min ago (322+ words) (Yicai) April 2 -- The Ezhou Huahu International Airport, a specialized cargo airport in China's central Hubei province, has opened regular air cargo routes to Italy and Brazil. Italy's Societ" Aerea Mediterranea'became the 20th international cargo airline to operate at Huahu Airport'as one…...
Chinese EV Startups’ Sales Rebound in March
20+ hour, 40+ min ago (284+ words) (Yicai) April 2 -- After a sluggish start to the year, Chinese electric vehicle startups saw their sales rebound in March. Leapmotor Technology, China's best-selling new energy vehicle startup last year,sold 50,029 cars in March, up 78 percent from the previous month and…...
AI to More Than Halve Movie Production Costs, Famous Chinese Director Says
20+ hour ago (735+ words) (Yicai) April 2 -- Artificial intelligence is reshaping the entire filmmaking process, with the technology to potentially reduce production costs by more than half, according to renowned Chinese director and screenwriter Yi Xiaoxing. Extras are the most obvious example of how AI…...
Zhejiang VC's USD13.1 Million Bet on Chinese WorldSSP Winner ZXMOTO Has Beaten Expectations, GM Says
20+ hour, 27+ min ago (435+ words) (Yicai) April 2 -- Zhejiang Venture Capital Group's investment of CNY90 million (USD13.1 million) in Chongqing Zhangxue Machinery Industry, also known as ZXMOTO, which became the first Chinese motorbike team to win a title at the World Superbike Championship, has so far "exceeded expectations,…...
China’s Changan Bets on Fuel-Powered Cars With New Plug-Free Hybrid System
1+ day, 14+ hour ago (237+ words) (Yicai) April 1 -- Changan Automobile is doubling down on gasoline-powered vehicles, even as electric cars surge in popularity in China and oil prices climb. The Chinese automaker has unveiled a new hybrid system that boosts fuel efficiency without requiring any external…...
Overseas Tourists Flock to Chinese Bathhouses
1+ day, 19+ hour ago (294+ words) (Yicai) April 1 -- Chinese bathhouses, which offer hot springs, dining, karaoke, movies, tabletop games, and other leisure and entertainment activities, are attracting many visitors from the United Kingdom, the United States, South Korea, Russia, and other countries. The number of European…...