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Li Shufu, the billionaire who controls one of China’s biggest electric vehicle (EV) makers, is consolidating his business under his Hong Kong-listed flagship Geely Auto. He and his associates will extract more than US$2 billion by selling their stakes in the process. Geely Auto has agreed to buy an 11.3 per cent stake in New […]
On October 16, China’s Ministry of State Security disclosed an incident reportedly involving illegal mapping by a foreign corporation. The foreign entity, termed as Company A, was found to be conducting unauthorized geographic information mapping within China. This was done in collaboration with a domestic Chinese company, Company B, which holds mapping qualifications. The activities […]