China’s bike-sharing firms test the waters in US market

People ride shared bikes along the Chang’an Avenue of Beijing on March 10, 2017. Beijing claims to have over 200,000 shared bikes. [Photo/People’s Daily Online] China’s emerging bike-sharing operators have begun to test the waters in several US states, demonstrating China’s innovative ability to the citizens in the country half a world away. In China, once… Read more

GM says it’ll approach driverless cars like a startup

DETROIT —General Motors is managing its investments into self-driving cars “like a Silicon Valley start-up,” the automaker’s chief financial officer told Wall Street analysts Friday. Chuck Stevens said the automaker will save money on research and development costs after the sale of its Opel and Vauxhall brands to PSA Groupe. Meanwhile, the company is boosting its… Read more