Page 2 - Chinese Companies

Two Chinese officers charged in plot to obstruct Huawei probe in US

Two men suspected of being Chinese intelligence officers have been charged with attempting to obstruct a US criminal investigation and prosecution of Chinese tech giant Huawei, according to court documents unsealed Monday. The two men, Guochun He and Zheng Wang, are accused of trying to direct a person with the US government whom they believed was a cooperator to provide confidential information about the Justice Department's investigation, including about witnesses, trial evidence and potential new charges. One of the defendants paid about USD 61,000 for the information, the Justice Department said. The person the men reached out to began working as a double agent for the US government, and his contacts with the defendants were overseen by the FBI. At one point last year, prosecutors say, the unnamed person passed to the defendants a single-page document that appeared to be classified as secret and that contained information about a purported plan to charge and arrest Huawei ...

Secretive Chinese chip startup may help Huawei circumvent US sanctions

The Chinese technology giant is providing support to a startup in its hometown of Shenzhen that has ordered chipmaking equipment -- including from foreign suppliers -- for a semiconductor manufacturin

Special cell to hear cases against CAs for registering Chinese shell firms

When asked what action can be taken against CAs who are found guilty, Debashis Mitra said they could be removed from their post for as long as their lifetime

UP Police unearths Rs 4,200 cr frauds linked to Chinese operators

The Uttar Pradesh Police's cyber crime wing has unearthed pan-India frauds to the tune of Rs 4,200 crore linked to criminals based in China, a senior official said on Friday. Police have tracked connection in frauds related to crypto trading, instant loan lending apps and fake job advertisements through bulk SMSes to China, UP Cyber Crime Superintendent of Police Triveni Singh said. Police had earlier this year found a link of China-based operators in cheating of crores of rupees from people across India through instant loan lending apps and part-time job offers in leading companies, he said. "We had earlier detected a scam worth around Rs 3,000 crore linked to China. But now their connection has also been established in frauds on the pretext of crypto currency trading through bogus and fake websites," Singh told PTI. "These people now created fake websites and apps for crypto trading and lure people into investing money in return for huge profits. But in reality whatever profits t

From iPhone maker to VW, China factories enter bubbles over Covid outbreak

The German automaker's factory, jointly operated with its local partner China FAW Group Co., entered a so-called "closed loop system" Thursday evening to maintain production

EV manufacturer BYD to drive in maiden e-SUV in India by end of year

BYD, which overtook Tesla this year as the world's largest EV maker, would assemble the upcoming model at Sriperumbudur near Chennai

Chinese factories flock to Mexico in a bid to avoid Trump-era tariffs

Chinese factories have flocked to areas of Mexico that border the United States in a bid to avoid tariffs imposed under the Trump administration running into millions of dollars, Nikkei Asia reported

Should India exclude Chinese from the sub-Rs 10K 5G device category?

Telecom firms and others are concerned that such a move could stymie the effort to build affordable 5G phones in the sub-Rs 10,000 category

China state-owned giants to delist from US exchanges amid audit spat

The US SEC on July 29 added Alibaba to a growing list of companies that could be kicked off American exchanges if the two countries fail to reach a deal.

China realty developers plead for govt help to restore sales amid protests

Protesters have tried to disrupt home sales by chanting slogans and pulling down banners when developers open new projects, according to the letter.

Chinese companies may have to exit sub-Rs 10,000 mobile market

While discussions on the strategy are on, there's a growing consensus within the government that the lower end of the market should be reserved only for the domestic players

Realme to launch Pad X, Watch 3, and more at TechLife event: Details here

At the Realme TechLife launch event, Realme would announce the Pad X, Smart Keyboard, Pencil, Watch 3, Flat monitor, Buds Wireless 2S, and Buds Air 3 Neo

Companies operating in India need to follow law of land: MEA on Vivo

The Ministry of External Affairs (MEA) on Thursday said the companies that operate in India need to follow the law of the land

Chinese real estate developers accepting watermelons as payment: Here's why

The deep recession in China's property market has compelled real estate companies to float a bizarre marketing strategy to lure home buyers.China's real estate developers have started accepting payments for homes in watermelons and other agricultural produce."Real estate developers in Chinese third- and fourth-tier cities have launched various promotional campaigns recently, including encouraging home buyers to pay part of their down payment with wheat and garlic, in a bid to attract farmers to purchase newly built homes to offload excess housing inventory," Global Times reported.One developer in Nanjing said it would allow home buyers to pay for their homes using watermelon at a rate of 20 yuan per kilogram, as per Global Times.The media outlet quoting a representative of the company said that the bizarre promotional event has been suspended after being ordered by the headquarters."We were told to delete all promotional posters on the social media platforms," said the representative,

Junk bond investors stung by China look to India and Southeast Asia

Asian junk bond investors are increasingly looking to smaller pockets of the market as a debt crisis among the biggest issuers, Chinese property developers, forces old playbooks to be rewritten

Govt clearance must for companies to appoint Chinese directors on board

According to an MHA notification, it will be mandatory for companies to seek clearance from the government before appointing directors from land-border sharing nations on their boards

IPL 2020: Edu-tech firm Unacademy set to fight for title sponsorship rights

A BCCI official confirmed that Unacademy has picked up the bid papers but refrained from making any comments beyond that

IPL 2020: Dream11 wins title sponsorship rights; pips Byju's, Unacademy

It was unclear whether the fantasy sports platform would now give up its existing associate partnership with the IPL

Over 80 firms including China's JD.com face delisting risk from US

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.

Chinese firms' $9 bn IPO plans stalled amid Covid outbreak, filings show

A wave of Chinese companies have halted domestic listing plans, filings show, as the country's biggest coronavirus outbreak in two years hampered due diligence and information gathering