Transportation

The deal comes as sales of first-hand automobiles in China dived 42% year-on-year in the first two months of this year.

Civil aviation in China experienced over a 50% decrease year-on-year in traffic during April, while travel on roads increased by 21.9% year-on-year.

Grab and Gojek have shifted gears to match the needs of consumers and partners, but all must make adjustments with shrinking incomes.

From USD 800 million to USD 3 billion.

The firm is eyeing AI and IoT sectors to seek new paths for growth.

Huawei’s Ren Zhengfei and Tencent’s Pony Ma took the second and third positions, respectively.

WeRide’s COO, Zhang Li, says his company will be the first to offer completely autonomous taxis in China.

City works to return foreign technical staffs to quickly restore production.