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Tesla might have just won a victory in China - but it will be expensive

6 days ago   |   By

Hollis Johnson/Business Insider
China is easing a decades-old rule governing auto manufacturing by foreign companies in the country and Tesla could benefit in a big way.
Electric carmakers will see the rule changed this year.
That move benefits Tesla , but the company still has to find the money to invest in a new factory.
Since the 1990s, China has required foreign automakers to engage in joint-ventures with Chinese companies in order to sell US-badged vehicles in the Middle Kingdom.
No JV and you pay a 25% import tax. The most prominent, JV-less US automaker that has to pay the tax is...
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The CEO of China's second-biggest e-commerce company predicts robots will replace human retail workers within a decade

The CEO of China's second-biggest e-commerce company predicts robots will replace human retail workers within a decade

6 days ago   |   By

Aly Song / Reuters
"Sooner or later, our entire industry will be operated by AI and robots, not humans," JD.com CEO Richard Liu said at the annual World Retail Congress in madrid.
JD.com is China's second-largest e-commerce company.
Liu said he thinks another decade could pass before fully automated stores become a reality.
Robots will eventually replace human workers in the retail industry, the chief executive of Chinese e-commerce company JD.com predicted on Tuesday.
China's second-largest e-commerce business has built up an extensive logistics network and is investing heavily in drones...
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Princess Charlotte upstaged both her brothers by giving crowds outside the...

Princess Charlotte upstaged both her brothers by giving crowds outside the hospital a regal wave

Chris Jackson/Getty Images Princess Charlotte completely stole the show when she arrived at the hospital to meet her new baby brother on Monday. She adorably waved to the crowd... Read more ...

'ALL OF TORONTO IS WITH YOU': The Toronto Maple Leafs had a moving tribute...

'ALL OF TORONTO IS WITH YOU': The Toronto Maple Leafs had a moving tribute for the victims of the van collision that killed at least 10

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Tourism Ireland teams up with top Italian tour operator for new tourism campaign

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Groupon is having a site-wide sale on already great deals - here's how to...

Groupon is having a site-wide sale on already great deals - here's how to get an additional 20% off

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Groupon is... Read more ...

Trump and Macron are meeting up for a state dinner - here are 9 US...

Trump and Macron are meeting up for a state dinner - here are 9 US presidents who previously hosted French leaders

Thierry Chesnot / Stringer / Getty Images Donald Trump, the president of the United States, is hosting French president Emmanuel Macron for a state dinner. It's Trump's first... Read more ...

New York Times reporter says Trump is too afraid of former aide Roger Stone...

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Spencer Platt/Getty Images Roger Stone, President Donald Trump's longtime political adviser, seems to be one aide Trump might be too afraid to publicly attack. Stone recently... Read more ...

Southwest grounds flights for engine inspection after midair mishap

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Southwest Airlines stated that it cancelled around one per cent of its flights as it carries out inspections prompted by an engine failure leading to a passenger's death last... Read more ...

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THE US TELEHEALTH MARKET: The market, drivers, threats, and opportunities for incumbents and newcomers

Business Insider Intelligence This is a preview of a research report from Business insider Intelligence, Business Insider's premium research service. To learn more about... Read more ...

The bond market may be engaging in wishful thinking

The bond market may be engaging in wishful thinking

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US veteran who survived blast in Afghanistan receives first penis and...

US veteran who survived blast in Afghanistan receives first penis and scrotum transplant

A surgical team at the Johns Hopkins University performed the first penis and scrotum transplant on a US veteran. The veteran, who preferred to remain anonymous, was injured by... Read more ...