Both firms have seen their market shares squeezed by local rivals such as smartphone-maker Huawei and electric vehicle giant BYD, while a larger economic slowdown shadows China

China has allocated 1.67 trillion yuan ($230.6 billion) to military spending this year. Meanwhile, Beijing dropped reference to 'peaceful reunification' with Taiwan, a term used in previous reports

Government work report says it wants to mobilize resources to raise China's capacity for innovation to help it to become self-sufficient in emerging technologies

PM says party will "push ahead with transforming the growth model", while aiming to create 12m jobs and curbing excess spending. It will also issue $139 billion in special ultra-long-term treasury bonds.

The chairman of Zhejiang Huayou Cobalt said over-investment in the industry had led to "severe overcapacity" and caused "significant declines" in industry utilisation

The advisory comes after India's top tech minister lambasted Google's Gemini AI tool for a response that said Indian Prime Minister Narendra Modi has been accused of implementing "fascist" policies

The EU is looking more aid for solar manufacturers, and auctions and support for panels with high environmental and labour standards, which could give EU manufacturers an edge

Premier will outline key economic goals, but may also cast light on "new productive forces" - steps to promote strategic industries such as AI

Thai police helped transfer 900 Chinese nationals who were stuck in a notorious criminal enclave in eastern Myanmar get flights back to their homeland over the past few days

The sinking of the Rubymar on Saturday poses a major environmental threat to the Red Sea as it was carrying 21,000 tons of fertilizer. The ship could also be a subsurface risk to other vessels going through the sea

Information Technology minister said the move on Friday, which follows a long dispute over the group's service fee charges, 'cannot be permitted'

Premium electric vehicle brand IM Motors has raised more than 8 billion yuan ($1.1 billion) in its Series B round of equity financing. The money will be used on 'smart car' models and technologies