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U.S. accuses casino tycoon Wynn of acting as Chinese agent

Article content WASHINGTON — The U.S. Justice Department on Tuesday sued Steve Wynn, the former CEO of Wynn Resorts, to compel him to register as an agent of China and accused him of lobbying then-President Donald Trump at Beijing’s behest in 2017. Article content Wynn’s lawyers denied the allegations, saying he had never acted as an agent of the Chinese government and “had no obligation to register under the Foreign Agents Registration Act” (FARA). From at least June through August 2017, Wynn contacted Trump and…

Archaeology illuminates Chinese businesses in Eugene, Oregon

The Westfall family lived in the Osburn Hotel in downtown Eugene for a number of years. While they lived there, the hotel boasted a 'Japanese Tea Room,' a lavish meeting space filled with Asian art. Credit: University of Oregon Uncovering the past of historically under-represented communities sometimes means having to do a little digging, through newspapers, archives and even the ground.…

Leapmotor’s C01 Emerges as Potential Top Chinese Rival of Elon Musk’s Tesla

In China, which has one of the world’s fastest-growing electric vehicle (EV) markets with an estimated 500 manufacturers, Hangzhou-based Leapmotor recently took the wraps off its new C01 electric performance car – a mid-to-large-sized smart electric sedan with cell-to-chassis technology. As per the reports, the car will be available in five variants, with prices ranging from 180,000 yuan to 270,000 yuan ($26,784 to $40,176). This electric car is thought to be a formidable competitor to Tesla’s electric car because it has…

India Can’t Hang Up on Chinese Smartphones

India and China are in a standoff again, but it isn’t at the border. India is investigating Chinese smartphone maker Xiaomi’s local subsidiary for alleged illegal royalty payments to foreign entities. Xiaomi has denied any wrongdoing and has complained to the courts that India’s financial crime-fighting agency used threats of physical violence to extract confessions, according to Reuters. The relationship between Asia’s largest and third-largest economy is nothing if not acrimonious.…

Chinese Wind-Turbine Companies Seek Global Growth as Western Rivals Struggle

TARANTO, Italy—Chinese wind-turbine makers have grown big on the back of their rapidly growing home market. Now they want to expand abroad, putting further pressure on Western wind-turbine makers, which have been struggling to profit from a renewable-energy boom.The ambitions are visible near this coastal city on the heel of the Italian boot, where Renexia SpA, the renewable-energy arm of Italian infrastructure company Toto Holding SpA, recently inaugurated Beleolico, a 30-megawatt offshore wind farm using…

Michelle Yeoh says Chinese film Crouching Tiger, Hidden Dragon ‘didn’t change anything’ for Asian representation in Hollywood

Michelle Yeoh has said the groundbreaking film Crouching Tiger, Hidden Dragon “didn’t change anything” for Asian visibility in cinema.The actor is receiving huge acclaim for her role in Everything Everywhere All At Once, which has become a sleeper hit since it’s release in the US last month.Speaking to The Independent, Yeoh, 59, acknowledged that she is now “suddenly known by the younger generation” due to the film’s success. “They can relate to me suddenly and I think that’s a great achievement,” she said, adding: “I am…

Chinese Man Creates World’s Largest Power Bank With 27,000,000mAh Capacity, Said to Charge Over 5,000 Phones

Handy Geng, a Chinese electronics handyman and influencer, have created a massive power bank with 27,000,000mAh capacity. Geng posted a video on YouTube in January, where he detailed the process of building the power bank. He added a cheeky caption: "It seems everyone else has a bigger power bank than mine. I'm not so happy with that. So I made a 27,000,000mAh portable charger power bank."A report by MySmartPrice stated that Geng estimates his power bank has the capacity to charge over 5,000 phones with 3,000mAh…

Chinese Companies Boost Returns to Shareholders

Chinese companies like Alibaba Group Holding Ltd. BABA -5.79% are embracing buybacks and one-off dividends, handing cash to shareholders as they seek to shore up their battered stock prices and signal confidence in the long-term outlook. The dividend payouts and stock repurchases could help support a market that has been rattled by a series of challenges, which range from the economic impact of Beijing’s Covid-19 policies and sweeping regulatory crackdowns to concerns…

India Should Stop ‘Regulatory Assault’ on Chinese Firms, Chinese State Media Says After Xiaomi Accusations

India should stop its "regulatory assault" on Chinese companies, state-backed Chinese newspaper Global Times said, after smartphone maker Xiaomi alleged threats of "physical violence" in Indian investigations.Reuters reported on Saturday that Xiaomi had told a court that its top executives faced threats and coercion during questioning by the Enforcement Directorate investigating illegal remittances. The agency, the Enforcement Directorate, called the allegations "untrue and baseless".Citing the story, the Global Times in…

Chinese Tech Giants Quietly Retreat From Doing Business With Russia

HONG KONG—Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coercion.Several major companies are curtailing shipments in Russia, where Chinese tech firms dominate the market for many products, without making any public announcements, according to interviews with people familiar with the matter. They include PC giant Lenovo Group Ltd. and smartphone and gadget maker Xiaomi Corp., the…