Young and agile, China’s domestic perfumers are better placed to tap the current cultural moment in a fragrance market on track to reach $3.1 billion by 2025.
BUSINESS
China’s Li Auto expects to launch first fully electric EV in March
China’s Li Auto Inc said on Sunday it expects to launch and begin deliveries of its first fully electric car in March. Li Auto has already started taking pre-orders in China for its MEGA multi-purpose…
From China to OPEC+, here are the biggest wildcards that could jolt oil markets in 2024
Heading into 2024, the biggest wildcards include demand from China and cohesion within OPEC+. US oil production isn’t expected to soar next year like it did in 2023.
A changing China: Looking ahead to commodities in 2024
Coming into 2023, commodities were set for what looked like a bumper 12 months. After two years of volatility, traders were optimistic China’s recovery would drive demand, and as a result prices, …
Tesla Rival BYD Set To Seize Electric Vehicle Crown; China’s Li Auto, Nio, XPeng On Tap Too
China EV makers Li Auto, Nio and XPeng will report deliveries on Jan. 1. BYD should overtake Tesla in fully electric vehicles as of Q4.
Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO
The People’s Bank of China announced on Saturday that Alipay.com Co has no controller, paving the way for owner Ant Group’s IPO.
Tech war: China’s semiconductor industry weathers tough year amid tighter US sanctions
China’s chip makers weathered a tough year that saw an escalation of US sanctions targeting chip making tools and AI processors, although a breakthrough by Huawei lifted industry spirits.
China’s factory PMI stays below 50 mark for 3 months
A key measure of manufacturing activity in China has dropped below the 50-point boom-or-bust line for three consecutive months.
Iran exports goods worth $10.3b to China in 9 months
TEHRAN- Iran exported commodities valued at $10.3 billion to China during the first nine months of the current Iranian calendar year (March 21-Decemebr 21), the head of the Islamic Republic of Iran Customs Administration (IRICA)…
5 tech IPOs to watch for in 2024
While 2023 year was projected to be the return of the tech IPO, few startups went public. But keep an eye out for these possible tech IPOs next year.
RTX 4090 D: Nvidia’s new gaming chip for China amid export curbs
The RTX 4090 D is the first China-specific chip Nvidia has officially launched since the Biden administration tightened the export rules on AI technology in October.
China December factory contraction deepens, more stimulus on the cards
China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, weighed by weak domestic demand. The new orders sub-index was at 48.7, contracting for the …
Chinese-brand passenger car sales up 23.8% in first 11 months
BEIJING – Chinese-brand passenger car sales jumped 23.8 percent year-on-year in the first 11 months of this year to 12.98 million units, industry data showed.
