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Tesla’s China business is booming

Sacconaghi: Bullish on Tesla long-term¬†¬†Thursday, 9 Mar 2017 | 12:20 PM ET | 05:46 Elon Musk’s Tesla is a growing player in China, where the global fight to develop electric, self-driving cars is raging hot. Hong-Kong traded Tencent, a company best known for its WeChat messaging app, disclosed in a Tuesday filing that it’s taken a 5 percent stake in Tesla for $1.78 billion. The investment follows Tencent’s new stake in taxi-hailing app Didi Chuxing, which can be accessed through WeChat. “I think Tencent likely wanted exposure to a company…

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China Confirms Human Bird Flu Case in Guizhou Province

Health authorities in the southern Chinese province of Guizhou have confirmed a new human case of H7N9 avian influenza, state radio said, bringing the total number of human infections of the highly pathogenic strain to 19 this winter. The 49-year old man, who is a chicken trader, was being treated in hospital in Qiannan prefecture, the report said on Sunday. The local authorities were taking precautions to try and prevent the infection from spreading, the report said. A total of 19 people have been infected with bird flu in China…

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China Uncovers 500,000 Food Safety Violations in Nine Months

China, rocked in recent years by a series of food safety scandals, uncovered as many as half a million illegal food safety violations in the first three quarters of the year, an official said. Chinese officials have unearthed a series of recent food health scandals, including rice contaminated with heavy metals, the use of recycled “gutter oil” in restaurants as well as the sale of baby formula containing lethal amounts of the industrial chemical melamine in 2008. Bi Jingquan, the head of the China Food and Drug Administration, told the…

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Bird Flu Infects 7 People in China This Month, Killing Two

China has reported at least seven cases of bird flu in humans across the country this month, including two deaths, as authorities take steps to guard against an outbreak. Five cases of H7N9 bird flu infections have been diagnosed in central Anhui province since Dec. 8, and two people have died, state media reported. In Shanghai, officials said this week that a man was diagnosed with H7N9 and is being treated in a city hospital. Another case has been reported in Xiamen in coastal Fujian province, where poultry sales have…

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Heart Disease Epidemic Will Rise in China: Study

China is facing an epidemic of heart disease brought on by a shift toward the Western lifestyle, and researchers said Monday the trend shows no sign of slowing down. The findings in the August 15 edition of the Journal of the American College of Cardiology are based on the first large study of its kind to analyze a range of risk factors in China over multiple decades. Heart disease has been on the rise in China over the past 20 years, with more and more people experiencing high blood pressure,…

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Qualcomm Files 17 New Lawsuits in China Courts In opposition to Telephone Maker Meizu

Qualcomm Inc has filed 17 fresh Lawsuits in China Towards Meizu Generation Co, stepping up its struggle with the Chinese language Cellphone maker after the 2 were unable to reach a licensing accord inside the US tech massive’s largest market. The patent infringement Lawsuits via Qualcomm, submitted to intellectual property courts in Beijing and Shanghai on Thursday, mark the second one time in a week it has taken legal action In opposition to Meizu, certainly one of China’s pinnacle 10 handset providers. It filed its first complaint in Beijing closing…

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