Bloomberg China’s drive to dominate the electric-vehicle market has claimed another overseas target. When Japanese electric-vehicle startup GLM Co. needed more funding to put its high-end sports car into production, domestic backers couldn’t muster the financing. The search for an investor ended this week, when a Hong Kong-based investment company called O Luxe Holdings agreed to purchase the firm for ...

Bloomberg Toshiba Corp., whose sale of its chip unit is being challenged in court by manufacturing partner Western Digital Corp., agreed to hold off closing the deal until a hearing on July 28. Toshiba will proceed with negotiations and contract signing in the meantime, the Tokyo-based company said in a statement. The two companies were in court in the US ...

Bloomberg Chinese officials and executives have been roaming the farmland of Iowa and doing what might appeal to US President Donald Trump most: deals. Contracts signed— for the import of 12.5 million tons of US soybeans and tons of beef — can be seen as another result of the renewed economic-diplomacy push started by Trump and Chinese President Xi Jinping ...