[ad_1] Beginning July 20, China imposed 10% luxurious consumption tax on vehicles priced over 900,000 renminbi. This covers a lot of the fashions offered within the Chinese language luxurious automotive market. Earlier, solely vehicles priced above 1.3 million renminbi attracted the levy from the Chinese language authorities. The timing of the dual hits might hardly … Read more
[ad_1] Instantaneous retail rising quicker than standard e-commerce Alibaba, JD.com, Meituan pledge $28 billion to subsidise prompt retail Regulators involved about deflationary strain, meals waste By Casey Corridor and Sophie Yu SHANGHAI/BEIJING, July 25(Reuters) – China’s largest e-commerce platforms present no indicators of halting an “prompt retail” worth warfare uncommon in its resilience to state … Read more
[ad_1] SAN FRANCISCO (Reuters) -A U.S. senator is asking the Pentagon for more information on Microsoft’s reported use of Chinese engineers in maintaining military cloud computing systems, according to a copy of the letter seen by Reuters. Senator Tom Cotton, an Arkansas Republican who chairs the chamber’s intelligence committee and also serves on its armed … Read more
[ad_1] Udaan and Pocket FM count Tencent among their investors, while Vedantu’s Chinese backers include Legend Capital and the TAL Education Group. There has been a recent spike in discussions around Chinese investors looking to pull out, several Indian investorsMintspoke with confirmed separately. “We can expect more block deals within listed startup entities as well, … Read more
