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

5 monthes 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

5 monthes 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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