Tesla sold record 56,006 China-made vehicles
U.S. electric vehicle (EV) maker Tesla Inc (TSLA.O) sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, data from the China Passenger Car Association (CPCA) showed on Tuesday. The September sales included 3,853 that were exported, the data showed. Tesla, which is making Model 3 sedans […]
Food delivery giant, Meituan, fined
China fined the food-delivery giant Meituan $530 million for antitrust violations on Friday, the second major penalty this year in Beijing’s efforts to bring the country’s big internet companies to heel. The government’s campaign has been blessed by the highest levels of the Communist Party leadership. It has involved a wide cast of regulatory agencies […]