Bloomberg A day after China delivered on its promise to cut auto import tariffs, Tesla Inc. lowered prices in the country by about 6 percent, passing on some of the savings to consumers as competition heats up in the world’s largest electric-car market. The price of a Model S has been reduced to as low as $111,000 and the Model ...

Bloomberg Foxconn Industrial Internet Co. plans to raise $4.3 billion selling stock in an initial public offering, kicking off the largest mainland Chinese debut since the 2015 stock market crash. Shares will be offered at 13.77 yuan apiece, valuing the company at about $43 billion — larger than eBay Inc. The smart factory unit of Hon Hai Precision Industry Co., ...

Bloomberg Chinese smartphone maker Xiaomi Corp. is opening a store in Paris and planning for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a US xpansion. “Every morning I think about the US market and when we’ll launch there,” Xiaomi Senior Vice President Wang Xiang, who heads global operations, ...