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25.01.26 - 04:06
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Xiaomi′s SU7 becomes China′s first Tesla killer, outselling the Model 3 (SCMP)
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After five years of playing catch-up, China has produced a worthy “Tesla killer”, a massive achievement for the country's premium electric vehicle (EV) makers that is set to stoke national pride.
Sales of Xiaomi's fully electric SU7 on the mainland stood at 258,164 last year, nearly 30 per cent higher than the Model 3's deliveries of 200,361 units, according to data from the China Passenger Car Association (CPCA).
Since its debut in China at the end of 2019, the Model 3, assembled at the......
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25.01.26 - 04:00
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From solo dining to safety apps, China′s ′loneliness economy′ is booming (SCMP)
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As the number of people living alone in China skyrockets, a wave of products and services is emerging to address the safety, social and mental health needs of the country's solo-living population, analysts said.
The issue was thrust into the public spotlight earlier this month, when a check-in app called Are You Dead? – or Sileme in Chinese – briefly surged to the top of paid app charts in mainland China and several other markets, revealing the scale of China's vast and rapidly expanding solo......
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25.01.26 - 03:36
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US Fed set to keep rates steady as officials defend independence (Times of India)
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The US Federal Reserve is widely expected to keep interest rates unchanged when it meets in the coming week, holding firm despite President Donald Trump's pressure to slash levels as it guards against threats to its independence. - External pressure - The Fed meets eight times a year to consider interest rate levels, and Michael Pearce of Oxford Economics said the dilemma it faces has eased....
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25.01.26 - 02:06
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Next level: why China′s game makers are quietly bankrolling generative AI (SCMP)
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The new year kicked off with the blockbuster public market debuts of two Chinese artificial intelligence high-flyers – Zhipu AI and MiniMax – making them the world's first publicly listed large language model (LLM) start-ups.
The listings put them ahead of US rivals including Microsoft-backed OpenAI and Amazon.com-supported Anthropic, which have yet to reach public markets.
Both Chinese companies have been backed by heavyweight investors, including state-linked funds and big tech groups such as......
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