Baidu and Geely’s carmaking joint venture, Jidu, said it has received US$400 million from the two partners. Photo: Bloomberg
Baidu’s smart EV arm raises US$400 million to accelerate car production

Jidu Automotive said it has received nearly US$400 million in financing from its stakeholders to develop and manufacture a car with L4 automation.

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Kaisa pledged to resume construction at its project in Foshan. Photo: Reuters
Kaisa resumes work at Foshan project as released escrow funds bring relief

The embattled Chinese developer has pledged to resume construction at a project in the southern city after funds held in escrow accounts were returned to it.

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