Overview Chinese companies have a very strong presence in the budget smartphone sector, offering feature-rich phones. Nowadays, 5G budget smartphones and f …
BUSINESS
Nike can’t fix its China problem and that’s tanking its stock
The sneaker maker is losing ground in its second biggest market and warns that the next quarter there could be worse.
Humanoid Robots Go Public: China’s Unitree Files $610M IPO Amid Surging Demand
Unitree Robotics files for a $610 million IPO after achieving rare profitability in humanoid robotics, signaling a potential turning point for the industry.
How China can survive without the Strait of Hormuz
In response to the closure of the Strait, officials across Asia are asking citizens to take shorter showers or work from home to save energy. In China, the ruling Communist Party’s flagship newspaper …
China’s CAS Space targets $607 million IPO for reusable rocket R&D
By Eduardo Baptista BEIJING, April 1 (Reuters) – China’s CAS Space Technology is seeking to raise around 4.18 billion yuan ($607 million) in a planned listing on Shanghai’s tech-focussed STAR Market, …
After Two Decades, China No Longer Dominates U.S. Cell Phone Imports
Vietnam and India are now part of a supply chain for cell phones and parts that once was the sole provence of China.
Nike Q3 earnings beat estimates, with China business in focus
Nike (NKE) reported third quarter results on Tuesday after the closing bell. Earnings per share (EPS) came in at $0.35 (compared to analyst estimates of $0.31), and revenue came in at $11.28 billion …
EU delegation urges China to tighten export controls
EU lawmakers on Tuesday called on Beijing to implement stricter checks on exports during their first visit to China in eight years. “We have repeatedly stressed that it is important for exports to be …
GalaxySpace from China takes on Starlink with upcoming IPO initiative
The private aerospace sector in China is rapidly evolving. :rocket: Satellite manufacturer GalaxySpace has initiated steps towards a possible IPO as China aims to rival SpaceX’s Starlink in the …
China set to extend fuel export ban with small exemptions, sources say
By Trixie Yap and Siyi Liu SINGAPORE, March 31 (Reuters) – China is poised to extend its ban on refined fuel exports into April, five industry sources with knowledge of the matter said, though …
‘It’s Happening’—Elon Musk Sparks Wild Bitcoin Price Speculation After Trump Declares ‘Crypto Revolution’
Trump declared bitcoin “very powerful,” during a speech at the Future Investment Initiative Summit in Miami on Friday, predicting that crypto is “all becoming powerful” and reiterating an earlier …
The world’s largest humanoid robot maker is going public
China’s Unitree is profitable, scaling fast, and cutting prices even as most humanoid robots remain far from mass adoption.
China’s GalaxySpace begins IPO process
According to state media, the Beijing-based company has entered China’s “tutoring” phase — an early step in the IPO process …
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