Shenzhen

Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023.Arjun Kharpal | CNBCElon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview."Have you seen their car?" Musk quipped. "I don't think it's particularly attractive, the technology is not very strong. And BYD as a company has pretty severe problems in their home turf in China. I think their focus is, and rightly should be, on making sure they don't die in China."BYD did not get wiped out. Instead,…

Updated Jan. 3, 2024 11:22 am ETSHENZHEN, China—E-commerce sellers Shein and Temu are offering a lifeline for small suppliers in China’s manufacturing hubs—but it isn’t always a straightforward win.In recent years, thousands of Chinese factories and vendors have joined the supply chain for Shein and Temu, whose popularity has exploded in the U.S. with their offers of inexpensive made-in-China goods, from T-shirts and handbags to electronics and kitchen items.Copyright ©2024Dow Jones & Company, Inc. All Rights…

I found that the reality of drone delivery is still far from ideal, and people may be turned away by the steep learning curve. But at the same time, it was an exciting experience—the prospect of routine drone delivery feels more realistic than it’s ever been. Meituan currently operates more than a hundred drones from five delivery hubs (or launchpads) in the city. Together, they completed over 100,000 orders in 2022. While the platform itself can deliver basically anything, from dinner to medicine to fresh flowers to…

The workflow is a mix of human and automated labor. Once the drone delivery system gets an order (customers order specific items marked for drone delivery in the company’s app), a runner (human) goes to the restaurants, all located a few flights down in the shopping mall, to pick up the order and brings it to the launchpad. The runner places the food and drinks in a standardized cardboard box, weighs it to make sure it’s not too heavy, seals the box, and hands it off to a different worker who specializes in dealing with…

One of my stops in China was Shenzhen, the southern city that’s home to many Chinese tech companies, like Tencent, Huawei, and DJI. I had several reasons to go to Shenzhen, but there was one that made me nervous: I wanted to go to Tencent’s mysterious customer service center to get my 15-year-old social media account back. If you didn’t know, the first software that launched Tencent’s empire was QQ, the go-to instant messaging platform in China during the desktop internet era. From there, Tencent grew into a powerful…

BYD's Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China.Evelyn Cheng | CNBCSHENZHEN, China — Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition. BYD, backed by Warren Buffett's Berkshire Hathaway, announced Monday a new technological system for stabilizing car rides through rugged terrain, sharp turns and even shallow water. The shock absorption tech is set to be a feature…

Smartphone shipments in China fell 11% year-on-year in the third quarter as the country's slowing economy took a toll on consumer demand, research firm Canalys reported. Brands shipped a total of 70 million smartphones to sellers in the period, down from 78.9 million in same period last year. While Apple Inc was the only brand to buck the trend, with shipments jumping 36% to 11.3 million, analysts say that the surge was due to demand for the iPhone 14 Pro model, and demand for the basic iPhone 14 model has been weak. The…

BYD Co, China's biggest electric car maker, said third-quarter net profit likely more than quadrupled due to robust sales and a better product mix, sending its shares surging. It estimated that net profit for the July-September quarter came in between 5.5 billion yuan to 5.9 billion yuan ($765 million-$820 million), or an increase of 333% to 365.1% from the same period a year earlier. BYD's Hong Kong shares gained 4% while its shares in Shenzhen climbed 5%.Read Also The company, which is 19% owned by Warren Buffett's…

Bloomberg: Sources: to evade US sanctions, Huawei is supporting PXW, a startup based in its hometown Shenzhen that ordered chipmaking equipment for a semiconductor plant — When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off … Bloomberg: Sources: to evade US sanctions, Huawei is supporting PXW, a startup based in its hometown Shenzhen that ordered chipmaking equipment for a semiconductor plant — When the…

Business travelers are on the road again. So there's no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific.CNBC joined with the market and consumer data firm Statista to produce rankings of the "Best Hotels for Business Travelers." A second list of rankings for hotels in Europe and the Middle East will be published next month.In total, we analyzed more than 10,000 four- and five-star hotels in 117 locations to produce a list corporate travelers can trust. We did this using a…