Tencent enabled direct EUR settlement for WeChat Pay merchants in five EU markets this week, removing the previous USD intermediation step.
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Chairman Li Shufu announced a full operational restructuring at the Chongqing Auto Show, targeting closure, suspension, merger, or divestiture of redundant facilities.
Chinese regulators have summoned eight electric vehicle manufacturers over the use of over-the-air software updates to lock battery capacity without consumer knowledge.
Construction on the 134km (83-mile) Pinglu Canal linking Nanning to the Gulf of Tonkin has entered its final phase, with trial operations now expected as early as September — ahead of the previously anticipated schedule.