The Global Electric-Car Showdown Is Officially on in China

Inside Beijing Electric Vehicle’s headquarters, a glass-and-steel complex on the Chinese capital’s edge, a cafeteria awaits renovation so that cooks can crank out pizza and other Western fare for the posse of foreigners the company expects to hire. “We need to have a more international feeling,” says Wang Shitao, a Chinese engineer who earned a […]

Airbnb Is Buying Last-Minute Hotel Room App HotelTonight, Giving Itself Pre-IPO Momentum

Airbnb is taking another step into the broader travel industry with a new expansion into boutique hotels. The company, which built its business on renting homes, has agreed to purchase HotelTonight for an undisclosed amount. A travel app that helps users find last-minute hotel rooms at discounted rates, HotelTonight was valued at $463 million in […]