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Developing stories from China, in English.

Scammers Cancelled Her Bank SMS Alerts, Then Drained 260,000 Yuan in Six Days
Tech

Scammers Cancelled Her Bank SMS Alerts, Then Drained 260,000 Yuan in Six Days

A woman in Xiangtan, Hunan discovered her savings were gone when a 7-yuan breakfast payment failed: scammers had silently cancelled her bank's SMS alerts, redeemed her funds and moved the money to Hong Kong in digital yuan over six days. Banks and courts say the alert-quieting trick is now a standard part of the fraud playbook.

Tesla's China Sales Fell From No. 1 to No. 66 in a Single Month
Tech

Tesla's China Sales Fell From No. 1 to No. 66 in a Single Month

Tesla's Model Y sold 7,807 units in China in October, down from 50,359 in September, dropping it from the top of the domestic sales chart to 66th — a collapse one analyst attributes to production capacity being redirected to exports, and which reflects the state of Chinese EV competition.

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