Bloomberg Tesla's Chinese Rival BYD Defers US Debut For Now, Weeks After Reducing Shift Timings At China Plants BYD Co., Ltd. (OTC: BYDDF) (OTC: BYDDY) does not propose to foray into the U.S. passenger car market for now, founder Wang Chuanfu said. At a post-earnings briefing on Wednesday, the Chinese Tesla, Inc (NASDAQ: TSLA) rival said that its home market of China has already entered a "full-expansion phase" for new-energy vehicles. Recently, BYD reduced shifts at two auto assembly plants in
Big Tech has already laid off more than 150,000 workers in 2023. In some ways, it's the same story over and over – these companies are not only all conducting layoffs, they're using a lot of the same strategies to do so. However, just because they're all doing it, doesn't mean they're best practices, experts say.
Jack Ma has returned to China after a year’s absence. Alibaba’s share price rose 12 per cent in response. The rejig may however placate politicians and regulators intent on cutting Chinese tech giants down to size.