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☆ Explainer: What's behind China's failed 'truce' in EV price war?
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +5 min

[1/2] A Tesla Model 3 electric vehicle (EV) is displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. Toyota (7203.T) offered a discount on its bZ4X EV, and Nissan (7201.T) offered an incentive on its Ariya EV. Volkswagen's (VOWG_p.DE) joint ventures with SAIC and FAW also announced price cuts in China on their ID-series EVs on Friday. AlixPartners said while China's EV market will continue to grow rapidly, intensifying competition and excess capacity will also drive a shakeout. In one example, Chinese automakers have invested $1.4 billion in Thailand since 2020, now dominating the Thai EV market after taking share from the Japanese brands that have long operated there.

Persons: Florence Lo, Tesla, CAAM, Li Auto, Liu Xu, furloughs, AlixPartners, Zhang Yan, Kevin Krolicki, Tom Hogue Organizations: Tesla, Fair for Trade, Services, REUTERS, China Association of Auto Manufacturers, stoke, HK, Volvo, Chery Automobile, Global, Ford, Toyota, Nissan, EV, General Motors, Honda, Consultancy, Consumers, SAIC, GAC, Dongfeng, FAW Group, China's Ministry of Industry, Information Technology, FAW, National Strategy Institute of Tsinghua University, International, Hyundai, Thai EV, Thomson Locations: Beijing, China, Shanghai, Europe, Southeast Asia, Thailand, Singapore

☆ China's car sales shrink 2.9% in June as big-ticket spending falters
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

Car sales in June totalled 1.91 million units, down 2.9% from last year, CPCA data showed. However, sales advanced 2.5% to 9.65 million units in the first half of the year. Reuters GraphicsMeanwhile, sales of new energy vehicles (NEVs), including pure battery electric cars and plug-in hybrids, jumped more than 25% in June, accounting for roughly 35% of the total car sales. NEV sales surged more than 37% to 3.09 million units in the first six months. Reuters GraphicsChinese automakers counted more on overseas markets to sustain their sales growth, with car exports soaring 56% in June.

Persons: Tesla, BYD, Li Auto, Xpeng, Qiaoyi Li, Zhang Yan, Brenda Goh, Dhanya Ann Thoppil, Robert Birsel Organizations: China Passenger Car Association, Reuters, Reuters Graphics, EVs, China Association of Automobile Manufacturers, Thomson Locations: BEIJING, SHANGHAI, China

☆ Larry Nassar, the ex-USA Gymnastics doctor who sexually abused girls for decades, was stabbed 10 times in prison
▼ + stars: | 2023-07-10 | by ( Shawn Nottingham Hannah Rabinowitz Holly Yan | Shawn Nottingham | Hannah Rabinowitz | ) edition.cnn.com time to read: +2 min

CNN —Former USA Gymnastics doctor Larry Nassar, who was convicted of sexually abusing young athletes under the guise of medical treatment, was assaulted inside a federal prison in Florida, according to two sources familiar with the incident. Joe Rojas, president of the local correction officers’ union, told CNN Nassar was stabbed a total of 10 times – twice in the neck, twice in the back, and six times in the chest. Rojas says Nassar is in stable condition. In 2021, victims of Nassar reached a $380 million settlement with USA Gymnastics, the US Olympic Committee and their insurers. The settlement was part of the USA Gymnastics plan to exit bankruptcy as the organization has struggled to recover from the Nassar scandal.

Persons: Larry Nassar, Joe Rojas, CNN Nassar, –, Rojas, Nassar, “, Coleman Organizations: CNN, USA, of Prisons, United States, Staff, Medical Services, Michigan State University, US Olympic, US Olympic Committee, Associated Press Locations: Florida, Sumterville , Florida, Michigan, Ingham County

☆ Pope Francis announces 21 new cardinals
▼ + stars: | 2023-07-09 | by ( Philip Pullella | ) www.reuters.com time to read: +1 min

Eighteen of the churchmen are under 80 and will be able to enter an eventual conclave to choose the next pope. The new cardinals come from countries including the United States, Italy, Argentina, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, and Portugal. Three of the new cardinals were recently named as heads of major Vatican departments, including Argentine Archbishop Victor Manuel Fernandez, head of the Vatican's doctrinal department. Another significant appointment was that of Bishop Stephen Chow Sau-Yan of Hong Kong. Reporting by Federico Maccioni and Philip Pullella; Editing by Alison Williams and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Pope Francis, Francis, Victor Manuel Fernandez, Bishop Stephen Chow Sau, Chow, Federico Maccioni, Philip Pullella, Alison Williams, Sharon Singleton Organizations: Sunday, Church, Argentine, Catholic Church, Thomson Locations: St, United States, Italy, Argentina, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, Portugal, China

☆ The 21 new cardinals named by Pope Francis on Sunday
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +2 min

VATICAN CITY, July 9 (Reuters) - Pope Francis announced on Sunday that he would induct 21 churchmen to the high rank of cardinal in September. The following are set to become cardinals:Cardinal Electors under 801 - Archbishop Robert Prevost, American, Vatican official, head of the Dicastery for Bishops2 - Archbishop Claudio Gugerotti, Italian, Vatican official, head of the Dicastery for the Eastern Churches3 - Archbishop Víctor Fernández, Argentine, Vatican official, head of the Dicastery for the Doctrine of the Faith4 - Archbishop Emil Tscherrig, Swiss, Vatican ambassador to Italy5 - Archbishop Christophe Pierre, French, Vatican ambassador to the United States6 - Archbishop Pierbattista Pizzaballa, Italian, Latin Patriarch of Jerusalem7 - Archbishop Stephen Brislin, South African, Archbishop of Cape Town8 - Archbishop Ángel Rossi, Argentine, Archbishop of Córdoba9 - Archbishop Luis Aparicio, Colombian, Archbishop of Bogotá10 - Archbishop Grzegorz Ryś, Polish, Archbishop of Lodz11 - Archbishop Stephen Mulla, Sudanese, Archbishop of Juba, South Sudan12 - Archbishop José Cano, Spanish, Archbishop of Madrid13 - Archbishop Protase Rugambwa, Tanzanian, Archbishop of Tabora14 - Bishop Sebastian Francis, Malaysian, Bishop of Penang15 - Bishop Stephen Chow Sau-Yan, Bishop of Hong Kong16 - Archbishop François-Xavier Bustillo, Spanish-French, Bishop of Ajaccio, Corsica. 17 - Bishop Américo Alves Aguiar, Portuguese, Auxiliary Bishop of Lisbon18 - Father Ángel Fernández Artime, Spanish, head of the Salesian orderOver 80 and not eligible to enter a conclave19 - Archbishop Agostino Marchetto, Italian, former Vatican diplomat20 - Archbishop Diego Padrón Sánchez, Venezuelan, Archbishop Emeritus of Cumaná. 21- Father Luis Dri, Argentine priestReporting by Philip Pulella and Federico Maccioni; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Pope Francis, Cardinal, Robert Prevost, Claudio Gugerotti, Víctor Fernández, Emil Tscherrig, Christophe Pierre, Pierbattista Pizzaballa, Stephen Brislin, Ángel Rossi, Luis Aparicio, Grzegorz Ryś, Stephen Mulla, of, José Cano, Protase Rugambwa, Bishop Sebastian Francis, Bishop Stephen Chow Sau, Bishop, François, Xavier Bustillo, Bishop of, Bishop Américo Alves Aguiar, Ángel Fernández, Agostino Marchetto, Diego Padrón Sánchez, Luis Dri, Philip Pulella, Federico Maccioni, Alexander Smith Organizations: CITY, Cardinal Electors, Vatican, Bishops, Cape, Argentine, Salesian, Cumaná, Thomson Locations: Argentine, Italy, Vatican, United States, Jerusalem, South, Córdoba, Bogotá, Lodz, of Juba, South Sudan, Madrid, Tabora, Bishop, Penang, Hong Kong, Spanish, Bishop of Ajaccio, Corsica, Portuguese, Lisbon

That represents a steep 75% discount to the $315 billion valuation in 2020 for what was set to be the world's largest IPO had it not been derailed at the last minute by Chinese regulators. "China needs to resolve the Ant IPO to restore investor confidence," said Wang Qi, chief executive of China-focused asset manager MegaTrust Investment. For the broader technology sector, Ant's fine marks a key step towards the conclusion of China's bruising crackdown on private enterprises, which began with the scrapping of Ant's IPO in late 2020 and subsequently wiped billions off the market value of several companies. "At the same time, initiating a stock buyback also indirectly informs investors that the possibility of a short-term IPO recovery is unlikely." On Friday, Chinese authorities also announced fines against two Chinese banks, an insurer, and Tencent Holdings' (0700.HK) online payment platform Tenpay.

Persons: Ant, Zhang Zihua, Wang Qi, Jack Ma, Hanyang Wang, Julie Zhu, Josh Ye, Brenda Goh, Zhang Yan, Scott Murdoch, Shri Navaratnam, Kim Coghill Organizations: Saturday, Ant, Hangzhou Junhan Equity Investment Partnership, Hangzhou Junao Equity Investment Partnership, Beijing Yunyi, MegaTrust Investment, Fidelity, Reuters, Tencent Holdings, HK, People's Bank of China, Thomson Locations: HONG KONG, Hangzhou, Hangzhou Junhan, Beijing, China

☆ China's auto group retracts pledge to avoid 'abnormal pricing'
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +1 min

[1/5] Cars drive on the road during the evening rush hour in Beijing, China, July 1, 2019. REUTERS/Jason Lee/File PhotoSHANGHAI, July 8 (Reuters) - The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid "abnormal pricing" made two days earlier by 16 automakers, including Tesla. Thursday's CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by some as signalling a truce in a price war that has threatened industry-wide profitability. CAAM said it would urge the 16 companies and other association members to strictly comply with the antitrust law and compete fairly with independent pricing. Reporting by Zhang Yan and Brenda Goh; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Lee, Thursday's, Li Auto, CAAM, Zhang Yan, Brenda Goh, William Mallard Organizations: REUTERS, China Association of Auto Manufacturers, Tesla, Elon, Ministry of Industry, Information Technology, Thomson Locations: Beijing, China, SHANGHAI

☆ Ant's share repurchase plan values firm around $79 bln, down sharply before crackdown
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +3 min

It marked a sharp fall in the $300 billion-plus value ascribed to the company in mid-2020, before its IPO planned for later that year was pulled. Ant said it had proposed to all of its shareholders to repurchase up to 7.6% of its equity interest at a price that represents a group valuation of approximately 567.1 billion yuan. The repurchase proposal will also provide a liquidity option for the company’s investors," it said. Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase, the company added. "At the same time, initiating a stock buyback also indirectly informs investors that the possibility of a short-term IPO recovery is unlikely."

Persons: Ant, Hanyang Wang, Jack Ma, Brenda Goh, Zhang Yan, Josh Ye, Shri Navaratnam Organizations: Saturday, Ant, Hangzhou Junhan Equity Investment Partnership, Hangzhou Junao Equity Investment Partnership, Tencent Holdings, HK, People's Bank of China, Thomson Locations: SHANGHAI, Hangzhou, Shanghai, Hong Kong

☆ Tesla offers cash rebate on top models in China
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

Tesla said it would offer new buyers of its Model Y and Model 3 vehicles a cash rebate of 3,500 yuan ($483) if they could cite a referral from an existing owner. Tesla also said new buyers would have free access to its Enhanced Autopilot driver-assistance system for 90 days. It is continuing an earlier offer announced in June of 7,000-yuan rebates to buyers of its more expensive Model S and Model X vehicles in China. A number of Tesla owners posted their referral codes online and invited others to use them on Friday, suggesting the cash rebate could be widely available for new buyers. Earlier this week, Tesla cut prices on the Model 3 and Model Y by between 3% and 4% in Japan.

Persons: Tesla, Li Auto, Ralf Brandstatter, Premier Li Qiang, Qiaoyi Li, Zhang Yan, Brenda Goh, Shri Navaratnam, Sonali Paul Organizations: China's EV, China Association of Automobile Manufacturers, Premier, EVs, Thomson Locations: BEIJING, China, China's, Shanghai, Japan

CNN —A Princess Cruises ship crashed into a pier in San Francisco as it was preparing to dock after a 10-day Alaskan cruise, officials said. The 113,561-ton Ruby Princess “made unexpected contact with the dock at Pier 27” at the port of San Francisco Thursday morning, Princess Cruises said in a statement obtained by CNN. Princess Cruises said it was still planning to board passengers onto the Ruby Princess, but it was not clear when the ship would leave for Alaska. KGO“I noticed we were spinning pretty quick, to be that close to the dock,” Zasso told CNN affiliate KGO. The 951-foot-long Ruby Princess was refurbished in 2018, according to Princess Cruises.

Persons: “, Cruises, disembarkation, Paul Zasso, Princess Cruises, ” Zasso, Hunter Schnabel, Ruby, Jim Simpson, ” Simpson, he’s, ” Organizations: CNN, Princess Cruises, Princess, KGO, US Coast Guard Locations: San Francisco, Alaska

☆ Tesla starts to lay off some workers at China factory - Bloomberg News
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowJuly 7 (Reuters) - Electric car maker Tesla Inc (TSLA.O) is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday, citing people familiar with the matter. It was not clear how many workers may be let go, or the specific reasons behind the layoffs, according to the report. The layoffs were first reported by a local online news portal, Deep Analysis, on Thursday, which said that less than 1,000 workers were employed on the factory's two battery production lines. Tesla's Gigafactory Shanghai, its largest and most productive plant, employs around 20,000 workers, including those in assembly building the Model Y and Model 3. Reporting by Shubhendu Deshmukh in Bengaluru, Zhang Yan and Brenda Goh in Shanghai; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Shubhendu Deshmukh, Zhang Yan, Brenda Goh, Himani Sarkar Organizations: Tesla, Tesla Inc, Bloomberg, Thomson Locations: Shanghai, Bengaluru

☆ CATL touts breakthrough in cold-weather EV charging
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

He said CATL would be able to mass produce a battery capable of delivering 400 kilometers of driving range with a 10-minute charge this year. The company aims to shorten that charge time to five to seven minutes for the same driving range as its next target, he said. Automakers and some suppliers have been racing to develop solid-state batteries that would offer greater power and increased driving range. Toyota (7203.T) said last month it had overcome an issue with the durability of solid-state batteries that would pave the way for production as soon as 2027. Wu said he was skeptical that solid-state batteries were ready for mass production and of the cost reduction claims.

Persons: Wu Kai, Wu, CATL, Zhang Yan, David Evans Organizations: EVs, Toyota, Thomson Locations: SHANGHAI, Shanghai

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☆ Chinese automakers to take majority of home market for first time - forecast
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +3 min

It would represent the first time Chinese automakers have controlled a majority share of China's car market - the world's largest. For the past four decades, China's auto market has been dominated by established global brands such as VW and Toyota operating in joint ventures with Chinese partners. AlixPartners forecast China's overall auto sales would grow 3% this year to 24.9 million vehicles, recovering to the level of sales before COVID-19. Dyer forecast annual sales of Chinese-branded cars in overseas markets would grow to 9 million vehicles by 2030. China's market also faces massive overcapacity, and Dyer forecast a wave of consolidation.

Persons: Jason Lee, AlixPartners, Tesla, Stephen Dyer, Dyer, haven't, Zhang Yan, Kevin Krolicki, Devika Organizations: REUTERS, VW, Toyota, HK, Xpeng Motors, Thomson Locations: Beijing, China, Japan, U.S, Asia, Europe, South America, South East Asia, South Asia, Shanghai, Singapore

☆ China's Xpeng sees sales turnaround in second half with new EV model
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

Xpeng has received a "significant" amount of orders for its newly launched G6 pure electric crossover, president Brain Gu told reporters on Wednesday. Xpeng, which saw first-half sales drop by 40%, will start the delivery of its G6 compact crossover this month with a starting price 20% lower than Tesla's best-selling model of Model Y. With G6, Xpeng also introduced its most advanced autonomous driving capabilities into the category of EVs priced at 250,000 yuan ($34,500.37) or below, Gu said. Shares of Xpeng in Hong Kong had gained more than 20% after it announced prices for the G6 last Thursday. ($1 = 7.2463 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Writing by Meg Shen; Editing by Toby Chopra and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Xpeng, Brain Gu, BYD, Gu, Zhang Yan, Brenda Goh, Meg Shen, Toby Chopra, Devika Organizations: Tesla, Thomson Locations: SHANGHAI, HK, Shanghai, China, Hong Kong

[1/2] A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File PhotoBEIJING/SHANGHAI, July 4 (Reuters) - U.S. automaker Tesla (TSLA.O) and its chief Chinese rival BYD (002594.SZ) achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up. Tesla reported record deliveries of 466,140 globally for the second quarter. This was also the first time BYD's monthly sales surpassed 250,000 units and meant that between April to June, BYD delivered 700,244 vehicles, the data showed. In June, Beijing announced 520 billion yuan ($71.67 billion) worth of purchase tax breaks on new-energy vehicles through the end of 2027.

Persons: Thomas Peter, Tesla, BYD, Qiaoyi Li, Zhang Yan, Brenda Goh, Christopher Cushing, Himani Sarkar, Conor Humphries Organizations: REUTERS, U.S, China Passenger Car Association, EV, Thomson Locations: Beijing, China, BEIJING, SHANGHAI, Shanghai

Lochridge worked as an independent contractor for OceanGate in 2015, then as an employee between 2016 and 2018, CNN has reported. He soon became tangled in litigation with OceanGate, claiming he was wrongfully terminated for raising concerns about the safety and testing of the Titan. “There’s no way on earth you could have paid me to dive the thing,” Lochridge continued. McCallum, a divemaster who has led expeditions to the Titanic, warned Rush in 2018 about the safety of the Titan submersible, telling the CEO he was putting himself and his clients in danger, CNN previously reported. Salvaged pieces of the Titan submersible from OceanGate Expeditions arrive Wednesday in St. John's, Newfoundland and Labrador, via the Horizon Arctic ship.

Persons: CNN —, ” David Lochridge, Lochridge, ” Lochridge, Rob McCallum, “, McCallum, Rush, David Hiscock, –, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman Dawood Organizations: CNN, OceanGate, Stockton Rush, New Yorker, Titan, OceanGate Expeditions Locations: North, New, St, John's, Newfoundland, Labrador, British, French

☆ White people meals? The story behind China’s ‘coldest’ food trend
▼ + stars: | 2023-07-02 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +12 min

CNN —In China – the land of hot noodles, steaming rice and warm soups – a new and unlikely food trend has swept across the country’s social media platforms in recent weeks. “I feel it’s important to recognize that perception is an evolving concept,” says British Chinese chef Andrew Wong, the third-generation owner of London’s two-Michelin-star Chinese restaurant, A. Wong. The only ceremonial effort was putting them in a lunchbox,” wrote one user on Xiaohongshu, a popular Chinese social media site. I found out today that on Chinese social media, there’s a trending hashtag that translates to white people meals lol“I was so tired I ate a white people meal today”One of hashtags is also “white people meals are still meals” pic.twitter.com/VGdedgrV2F — Yan Fan 📍Tokyo - we’re hiring! “I don’t like the term ‘white people meals,’ even when it’s used in a joking manner,” says Voon.

Persons: ”, Andrew Wong, Wong, “, 📍T, witter, –, ake, ong, sian, haring, eason, egan, orth, rbanized, ould, sia, ike Organizations: CNN, ust Locations: China, Europe, bologna, British, ried, ife

☆ Fireworks for All, One Day Only, in Australia’s Last Frontier
▼ + stars: | 2023-07-02 | by ( Yan Zhuang | ) www.nytimes.com time to read: 1 min

As fireworks lit up the three-mile stretch of coastline in the capital of Australia’s remote Northern Territory, a swath of grass along the beach went up in flames. A few revelers used tree branches to beat down the blaze; one man poured water on the fire with one hand, clutching a beer in another. But most, having judged that the fire probably would not spread, were content to carry on setting off fireworks and waiting for firefighters to arrive to douse the conflagration, which they did after about 15 minutes. About three feet from the fire, close enough to feel its heat, a couple lit sparklers and danced with their two young children. Welcome to Territory Day in the Northern Territory, the one time and place in mainland Australia where anyone can set off fireworks, no permits needed and no questions asked.

Locations: Northern Territory, Australia

☆ Tesla to hit record quarterly sales in China even as market share shrinks - analysts
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, June 28 (Reuters) - Tesla (TSLA.O) is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the world's largest auto market, analysts say. Deutsche Bank predicted Tesla's China sales to hit 153,000 units in the second quarter, while globally it could sell 448,000 units in total. Tesla will announce global sales numbers over the weekend, while China sales will be available from association data in the first week of July. It has outsold Tesla in Singapore in the first five months while its Atto 3 outsold Tesla's Model 3 in Australia in May. As its Shanghai plant achieves an annual production capacity of over 1 million units, Tesla is selling into new markets in the region including Thailand and Malaysia with China-made cars.

Persons: Shi Ji, Shi, Tesla, Yale Zhang, BYD, Zhang Yan, Brenda Goh, Lincoln Organizations: U.S, China Merchants Bank International Securities, Guangzhou Automobile Group, Deutsche Bank, Automotive Foresight, EV, HK, Thomson Locations: SHANGHAI, China, Shanghai, North America, Singapore, Australia, Thailand, Malaysia

☆ Four more Chinese developers get refinancing approval
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, June 28 (Reuters) - Four more property developers listed in mainland China said they have received approval to refinance via share placements totalling 19.9 billion yuan ($2.8 billion), in a sign of the regulatory effort to improve liquidity in the embattled sector. Tuesday's announcements of fundraising approval came as investors expect Beijing to unveil more stimulus to revive the crisis-hit property market as part of its broader goal of shoring up the economy. State-owned China Merchants Shekou Industrial Zone (001979.SZ) was the first to receive such approval on June 16. According to state media, for developers traded on the Shanghai bourse alone, 12 companies have announced plans to seek approval for equity refinancing totalling 40 billion yuan. ($1 = 7.2277 Chinese yuan renminbi)Reporting by Clare Jim; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Yan Yuejin, Clare Jim, Stephen Coates Organizations: China Merchants, Developments, Holdings, Greattown Holdings, Hubei Fuxing Science, Technology, D Institute, Shanghai bourse, Thomson Locations: HONG KONG, China, Beijing, State, Shanghai, Shenzhen, Hubei

☆ China's JD.com brings back veteran to lead new grocery business as rival Alibaba plans spinoffs
▼ + stars: | 2023-06-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

JD.com set up an "Innovative Retail" division that houses its grocery business 7Fresh. The "Innovative Retail" unit will house JD's grocery store business 7Fresh and group buying unit Pinpin, a spokesperson confirmed to CNBC. Yan Xiaobing, who retired from JD in 2021 after leading the company's international business, will return to head up the Innovative Retail group, the spokesperson said. Alibaba , JD's biggest e-commerce rival in China, split its company into six separate business units this year, the biggest restructuring in its history. One of the business units Alibaba separated out in its restructure is a "local services" group, which covers its food delivery and grocery businesses.

Persons: JD.com, Yan Xiaobing, Yu Rui, Hu Wei, JD's, Daniel Zhang, Alibaba, Eddie Wu, Joe Tsai, Sandy Ran Xu, Xu Lei, Xu Organizations: CNBC, JD, Innovative Retail, JD Logistics Locations: China

Anderson Lee Aldrich, 23, also pleaded guilty Monday morning to 46 counts of attempted murder in the first degree and no-contest to bias-motivated crimes in the November 19 massacre at Club Q in Colorado Springs. Aldrich also faces 46 consecutive 48-year sentences for each attempted murder count, the state judge said. Aldrich, who identifies as nonbinary and uses they/them pronouns, was charged with more than 300 state counts, including murder, assault, attempted murder and hate crimes. Mourners created a memorial honoring the five victims killed at Club Q in the days after the shooting. Hyoung Chang/Denver Post/Getty ImagesMonday’s hearing in Colorado unfolded as Pride Month culminates amid increasing tension for those in the LGBTQ+ community.

Persons: Anderson Lee Aldrich, Aldrich, Hyoung Chang, ” Organizations: Colorado Springs , Colorado CNN, Q, Prosecutors, Denver Post Locations: Colorado Springs , Colorado, Colorado, Colorado Springs, Orlando

☆ MLB roundup: Angels' 13-run inning leads 25-1 rout of Rockies
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +11 min

Moniak went 5-for-5 and finished with four extra-base hits as the Angels set a franchise record for most runs scored in a game. Eduardo Escobar, acquired from the New York Mets on Friday, had two hits and scored four times in his Angels debut. Trea Turner had an RBI single while Bryson Stott and Brandon Marsh each finished with two hits. William Contreras had an RBI single and Christian Yelich scored twice for the Brewers, who have lost three of their last five games. Starter Pablo Lopez (3-5) gave up three runs and seven hits in six innings while recording 10 strikeouts.

Persons: Mike Trout, Brandon Drury, John Leyba, Matt Thaiss, Mickey Moniak, Moniak, Eduardo Escobar, Hunter Renfroe, David Fletcher, Drury, Thaiss, Taylor Ward, Griffin Canning, Brenton Doyle, Chase Anderson, Travis d'Arnaud, Matt Olson, Ozzie Albies, Marcell Ozuna, Michael Tonkin, Raisel Iglesias, Jake Fraley, Will Benson, Iglesias, Matt McLain, Jonathan India, Ian Happ, Justin Steele, Louis the, Happ, Louis, Adam Wainwright, Dansby Swanson, Christopher Morel, Yan Gomes, Nick Madrigal, Steele, Elvis Andrus, Kenley Jansen, Zach Remillard, Yasmani Grandal, Jake Burger, Luis Robert Jr, Andrew Vaughn, Jansen, Gavin Sheets, Clint Frazier, Triston Casas, Justin Turner's, Kendall Graveman, Jarren Duran, Casas, Luis Matos, Joc Pederson, Blake Sabol, Thairo Estrada, Lourdes Gurriel Jr, Camilo Doval, Pavin Smith, Merrill Kelly, Ryan McKenna, Mike Baumann, Anthony Santander, Mike Ford's, Felix Bautista, Aaron Hicks, Crawford, Julio Rodriguez, Max Scherzer, Pete Alonso, Starling Marte, Nick Castellanos, Trea Turner, Bryson Stott, Brandon Marsh, Cristopher Sanchez, Luis Severino, Severino, Billy McKinney, Aaron Judge, Jon Gray, Gray, Marcus Semien, Jason Heyward, James Outman, Stanek, Jonny Deluca, Alex Bregman, Ronel Blanco, Danny Jansen, Vladimir Guerrero Jr, Guerrero, Jose Berrios, Seth Brown, Jon Berti, Luis Arraez, Joey Wendle, Nick Fortes, Arraez, Osvaldo Bido, Andrew McCutchen, Jordan Lyles, Lyles, Freddy Fermin, Drew Waters, Bay's, Franco, Vidal Brujan, David Fry, Fry, Jose Ramirez, Josh Naylor, Andres Gimenez, Tanner Bibee, Emmanuel Clase, William Contreras, Christian Yelich, Freddy Peralta, Reese Olson, Zach McKinstry, Olson, Alex Lange, Carlos Correa, Joey Gallo, Pablo Lopez, Jeimer, Lane Thomas, Matt Waldron's, Josiah Gray, Mason Thompson, Kyle Finnegan, Hunter Harvey, Waldron Organizations: Los Angeles Angels, Colorado Rockies, Coors Field, Angels, New York Mets, Los, Rockies, Braves, Reds, Atlanta, Cincinnati, Cubs, Cardinals, Chicago, St, . White Sox, Red Sox, Boston, Giants, Diamondbacks, National League West, Arizona, Orioles, Mariners, Baltimore, Seattle, The Mariners, Mets, Phillies, Philadelphia, Yankees, Rangers, New York, Texas, Dodgers, Astros, Houston, Blue Jays, Athletics, Toronto, Oakland, Marlins, Pirates, Miami, Pittsburgh, Royals, Rays, Kansas City, Brewers, Cleveland, Milwaukee, Guardians, Tigers, Detroit, Twins, Padres, Washington, San, Thomson Locations: Denver , Colorado, USA, Denver, Los Angeles, Atlanta, Chicago, Yasmani, Francisco, Arizona, New York, Tampa, Lyles, Minnesota, San Diego

☆ China's governing body upholds lifetime bans for match-fixing
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - China's snooker authorities have upheld lifetime bans for match-fixing handed out to Liang Wenbo and Li Hang by the sport's world governing body (WPBSA) and given five other players longer suspensions for domestic matches. Zhao Xintong, who won the UK Championship in 2021, was banned for a year and eight months by the world governing body for his involvement in the sport's biggest match-fixing scandal but given an additional 10-month ban by the CBSA. Lu Ning had his ban increased to eight years, Bai Langning to four years, and Zhang Jiankang to four years and five months. A total of 10 players were banned for offences including fixing and betting on matches, persuading or encouraging other players to cheat, and manipulating games. Reporting by Hritika Sharma in Hyderabad;Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Liang Wenbo, Li Hang, Yan Bingtao, Zhao Xintong, Lu Ning, Bai Langning, Zhang Jiankang, Hritika Sharma, Peter Rutherford Organizations: Snooker Association, Thomson Locations: Hyderabad

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