China’s electric-vehicle maker BYD will be on top of the world this year, with overseas markets its main battleground. At home, it already surpassed Volkswagen as the most popular car brand in China …
BUSINESS
Jack Ma’s Alibaba was once China’s answer to Silicon Valley giants – but its turnaround plan appears to be in trouble
The Chinese tech firm was once Asia’s most valuable company, but insiders say it’s struggling with a drastic restructuring plan, the Financial Times reported.
ASML shares dip after Netherlands pulls licence for some China exports
Computer chip equipment maker ASML said the Dutch government had partially revoked an export licence for the shipment of some of its machines to China, prompting a dip in shares and criticism from Beijing on…
Drone captures China unleashing tsunami of Europe-bound Tesla electric cars
Witness the electric surge as Giga Shanghai floods the port with Teslas, ready to electrify roads across continents.
Nicaragua, China’s Free Trade Agreement Comes Into Effect
Nicaragua will export food items such as meat and seafood, such as fish, shrimp, lobsters, sea cucumber, sugar, peanuts and rum.
M&As Overtake IPOs as Main Route for China’s Venture Capitalists to Recoup Funds
With the tougher IPO climate, more companies are carefully considering M&As as investors seek to recoup their investment, said Chen Jie, the executive in charge of global M&As at the investment …
Global Impact: time to reflect on 2023 for mainland China, Hong Kong and the rest of the world, and look ahead to 2024
In this issue of the Global Impact newsletter, we look back at the events that shaped 2023, and looks forward to what we can expect in mainland China, Hong Kong and the rest of the…
China factory activity growth accelerated in Dec – Caixin PMI
China’s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders, but business confidence for 2024 remained subdued, a private-sector survey showed on …
ASML shares dip after Netherlands revokes licence for some China exports
Computer chip equipment maker ASML said the Dutch government had partially revoked an export licence for the shipment of some of its machines to China, prompting a dip in shares and a protest from Beijing…
China factory activity growth accelerates in December amid stronger output, new orders
China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 50.8 in December from 50.7 in November, data released on Tuesday showed.
TEL thrives with 40% of revenue from China despite US and Japan export controls
Japan-based semiconductor equipment manufacturer Tokyo Electron Limited (TEL) is expected to generate around 40% of its annual revenue, estimated at JPY 700 billion (US$5 billion), from the Chinese market by the conclusion of the fiscal…
China Issues Massive Crude Oil Import Quotas at Start of Year
China has front-loaded its oil import quotas for 2024, with an allocation to private refiners and traders that nearly matches all of the allowances granted for the whole of last year.
Dutch Government Blocks Exports Of ASML’s Chip-Making Machines To China
The Netherlands government revoked the export license for the shipment of some chip-making equipment made by ASML to China, the company announced Monday, once again dragging Europe’s most valuable …
