When Pinduoduo, the Chinese discount shopping app, debuted nearly a decade ago, tech giants Alibaba and JD.com dominated China’s ecommerce business.
Monthly Archives For April 2024
Hong Kong stocks soar after China’s market regulator pledges support for city’s IPOs, connect schemes
Hong Kong stocks extended gains amid expectations the latest measures announced by Chinese authorities would broaden the investor base …
Analysis-Souring China dreams force Western financial firms to cut costs
Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand …
Prices of EVs, plug-in hybrids fall in Chinese city of Shenzhen, state planner says
Prices of electric cars and plug-in hybrids in China’s Southern Shenzhen city, a metropolis with high EV adoption, have fallen 5% to 10% this year, the country’s state planner said on Monday. BYD and …
CHINA MOBILE Starts Centralised Procurement for Newtype Intelligent Computing Centre, Involving AI Servers & White Box Switches
CHINA MOBILE (00941.HK) (600941.SH) announced the launch of the 2024-25 centralised procurement plan for its newtype intelligent computing centre project, with a total planned equipment procurement …
Chinese brand confirms EV major breakthrough
Chinese carmakers are on the cusp of something big. Nio is the latest car brand in the past few weeks to detail its future battery technology that can deliver a driving range in excess of…
Hong Kong bankers face more job cuts on China slowdown, high pay
The pay for senior bankers in Hong Kong is 40% to 70% higher than what their Singapore peers receive. Read more at straitstimes.com.
People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more gold
China’s central bank has been on a buying spree for 17 straight months as it diversifies its holdings away from the US dollar.
Toxic: How the search for the origins of COVID-19 turned politically poisonous
The Chinese government froze meaningful efforts to trace the origins of the coronavirus pandemic, despite publicly declaring that it supported an open scientific inquiry, an Associated Press investiga …
Takeaways from AP report on how the search for the coronavirus origins turned toxic
The Chinese government froze meaningful efforts to trace the origins of the coronavirus pandemic, despite publicly declaring that it supported an open scientific inquiry, an Associated Press …
US sends land-attack missile system to Philippines for exercises in apparent message to China
China has accused the United States of “stoking military confrontation” with the recent deployment of a powerful missile launcher capable of firing weapons with a range of up to 1,600 kilometers to exercises in the…
EU aims to increase food exports to China despite trade tensions
On a visit to China this week, EU Agriculture Commissioner Janusz Wojciechowski said his focus will be on increasing agri-food exports to the world’s second largest economy and keeping food above the fray of rising…
XPENG to Showcase AI-powered Smart EV innovations at Beijing Auto Show 2024
GUANGZHOU, China, April 22, 2024 (GLOBE NEWSWIRE) — (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, will attend Beijing Auto …
