An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early losers are foreign brands.
BUSINESS
Shein aims for London IPO by mid-year, sources say
Online fast-fashion retailer Shein is aiming to list in London in the first half of the year, according to two sources with direct knowledge of the matter, assuming it gains regulatory approvals for …
INTERNATIONAL VIEW – China’s stinky-fruit boom is creating big profits – sometimes for unscrupulous traders
A run on the strong-smelling durian fruit from Southeast Asia is bringing new prosperity to the Thai province of Chanthaburi. But Chinese buyers are trying to squeeze the local farmers.
How business is bracing for a US-China trade war
President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing for a trade war that could eclipse the one that …
DBS: ‘more vitality in capital markets’ is what’s needed to revive consumer and business confidence in China
Taimur Baig of DBS Group Research discusses the challenges facing the Chinese economy. He says Beijing’s stimulus measures so far haven’t been targeted at the right place, but China isn’t Japan in the …
European Firms Say China’s Pressure to Go Local Is Raising Costs
Some European firms are sacrificing efficiency and losing their global edge as they wall off their operations in China and come under pressure to produce more locally, according to a business group …
China’s Han Kun Scoops Up Another Senior Partner from Foreign Firm
Less than a week after hiring former Milbank China partner Alex Tao, Beijing-based Han Kun Law Offices has yet again attracted another senior partner from a foreign rival.
CATL Added To Blacklisted Chinese Brands By Pentagon For Alleged Chinese Military Ties
CATL is licensing its battery technology to Ford for its planned $3.5 billion battery plant. News of CATL being added to the list slashed its market value by roughly $4.4 billion. CATL, the world’s …
This Chinese Brand Could Make Western Carmakers Nervous
The models use the SEA platform that is also used by Volvo, Polestar, Smart, Lynk & Co, and Waymo. Zeekr developed a self-driving concept with Waymo as a future ride-hailing service vehicle. The …
China Eyes Blockchain for National Data Infrastructure Despite Crypto ‘Ban’
China and other BRICS member countries are experimenting with and implementing blockchain to facilitate trade and economic infrastructure. Despite a mining ban, China is home
Chinese Crypto Mining Giant Taps Ethiopia’s Energy for New 51MW Facility
BIT Mining signed a $14 million deal to acquire a 51 MW Bitcoin mining facility in Ethiopia. This expansion marks the company’s first venture outside
China’s new fashion capitals, ranked
It’s been a turbulent year for luxury in China, but it’s still a crucial region for the fashion industry to continue investing in, home to a savvy and discerning consumer. Across the vast market, what…
The crypto market tanks 8.8% amid escalating macro fears and global pandemic threats
The crypto market is telling a fearful story, reminiscent of the period between 2019 and 2023. It’s Russia and Ukraine all over again, but this time with Iran and Israel – basically, the Middle East…
