Greystar to launch first residential rental brand in China Autonomous driving firm raises over US$500m Volkswagen increases position in JAC joint venture, parent company Chinese e-commerce platform Oriental Culture Holding seeks US IPO China's non-manufacturing PMI picks up in May Semiconductor industry entrepreneurs attend Swiss wealth management workshop China's manufacturing PMI down slightly in May China's tax, fee cuts total over 906b yuan in Jan-April Realme now has 35 million users globally Nissan announces closure of Barcelona factory Pandemic spurs adaptation, upgrades in China's hotel industry Weekly new home sales climb 10 percent in Shanghai China's top-tier warehouse market poised for another decade of growth: JLL China in need of more charging facilities Santen Pharmaceutical opens high-speed line in Suzhou JD announces strategic investment in Gome China defers income tax payments for small firms, household businesses China to keep closer eye on financial risks amid pandemic challenges: PBOC Insurance platform Huize records US$83.8m in gross written premiums FinVolution expecting second-half rebound US consumption dove 13.6% in April amid virus lockdowns Shui On Land acquires rights to Qingpu parcels Tesla lowers prices for Model S, Model X in China Huawei disappointed in Canada judge ruling on Meng Wanzhou case 'Two networks' help Shanghai reshape services, management Weekly turnover tumbles in Shanghai housing market Sales of luxury cars rise amid the pandemic AI conference to be held in July, with online events South America's biggest airline seeks Chapter 11 China's Jiangsu unveils guideline to stabilize foreign investment Medicine, media boost for equity indexes Creativity grows at the speed of imagination After Ghosn and coronavirus, Renault and Nissan weigh future Urban home prices rise as demand returns Samsung heir questioned over fraud accusations Work resumption salvages working class amid epidemic Pandemic cuts into Q1 earnings for Meituan Dianping Retail execs, academics propose measures to boost economic growth China property market data points to continued recovery Premier says green vehicles are a priority US rental-car company Hertz files for bankruptcy amid COVID-19 pandemic Pandemic raises demand for insurance: study