Category: Business

Chinese auto major Geely, the country's fourth largest, is weighing a major expansion in Southeast Asia with the creation of a sales and manufacturing hub in Thailand. Thailand's Board of Investment met with five major Chinese EV makers, including Geely, during ...

This year opened with a clash that erupted between Indonesian and Chinese workers at Gunbuster Nickel Industry (GNI), a Chinese-owned nickel processing plant in Central Sulawesi, Indonesia, claiming lives from each side. It’s tempting to count the clash as evidence ...

A small group of entrepreneurs from Hong Kong and China is pioneering a new e-mobility business model in Kenya that aims to revolutionize the country’s ubiquitous motorbike taxis known as bodabodas. Tucked away in a garage in Nairobi’s Upperhill business district, ...

Chinese EV major BYD will launch its new compact electric crossover next month in South Africa. The BYD Atto 3 is a pretty standard EV with a range of about 420km. While car buyers in other countries might fret over the ...

The South African government announced in May that discussions around setting up a common currency will be on the agenda of the BRICS summit in August. Calls for the bloc, made up of Brazil, Russia, India, China, and South Africa, to work together to boost non-dollar trade have ...

First-quarter smartphone shipments to countries in the Mideast and Africa slumped to their lowest level in seven years, with some of China's top device makers all losing share. High inflation and weak local currencies are largely to blame for the downturn, according to analysts at the technology ...

A 58% year-on-year surge in exports in the first quarter of the year propelled China past Japan to become the world's largest auto exporting country. Sales to markets in Europe, Southeast Asia, South America and Africa together accounted for 40% of ...

The BRICS group (Brazil, Russia, India, China, and South Africa) will discuss the feasibility of a joint currency at an upcoming summit in Johannesburg in August. Naledi Pandor, South Africa’s Minister of Foreign Affairs, acknowledged that scheduling the discussion was prompted by calls from member states to move away ...

Chinese auto exports around the world jumped 70% in the first quarter of the year compared to the same period last year, according to new customs data. And it appears that Chinese auto manufacturers are earning more from each ...

The Chinese Ministry of Foreign Affairs introduced a new talking point aimed at countering accusations by U.S. legislators and other stakeholders that Beijing engages in predatory lending in Africa. For the first time on Friday, the Ministry referenced "dollar hegemony" ...

The chairman of the world's largest electric vehicle company, China's BYD, met with Vietnam's Deputy Prime Minister Trần Hồng Hà in Hanoi late last week to discuss the company's plans to expand in the Southeast Asian country. BYD announced plans to build ...

Beyond the central government and the Chinese Communist Party, China's engagement with African countries is increasingly being driven by its provinces. Hebei, the crescent-shaped province circling Beijing, is a key example. We tracked how Hebei is boosting China's presence in Africa across three different sectors: