China’s exports of electric vehicles climbed to an all-time high in May, extending a surge that has been fueled by higher oil prices linked to the war in Iran. Overall exports of electricity technologies, including…
BUSINESS
State-backed China Resources Power’s unit to raise $3.6bn in record IPO
HONG KONG — China Resources New Energy has attracted more than 6.4 trillion yuan ($943 billion) in bids from investors as the renewable energy firm prepares for what could be the country’s largest …
China’s gold imports rise to highest in more than two years, up 76% YTD
China’s monthly gold imports reached their highest in more than two years in May, as the world’s biggest buyer continued to show a strong appetite for bullion.
Big Take Asia: China’s Xiaohongshu Preps for IPO
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world …
China Crypto: PBOC’s Crypto Crackdown and Xiaowei Signal China’s Digital Future
China delivered a two-part signal to the crypto market this week: Tencent began testing Xiaowei, a native AI agent embedded in WeChat’s 1.4 billion-user platform, while the PBOC (People’s Bank of …
ASML (NasdaqGS:ASML) Denies China EUV Export Allegations As Scrutiny Builds
ASML Holding (NasdaqGS:ASML) has firmly denied accusations that its advanced EUV lithography systems were exported to China in breach of export controls. The company reiterated its commitment to complying with all US and international regulations…
RCAT stock heads for worst month this year: China’s new export restrictions raise fresh supply chain fears
China’s export restrictions, supply-chain pressures, and share dilution concerns weigh on Red Cat stock.
Athleisure brand Vuori targets China in global retail push
The retailer, known for its jogger pants, is looking to snag market share in Asia from rivals like Lululemon and Alo Yoga.
China’s EV brands have Europe’s luxury marques in their sights: Zeekr executive
Zeekr vice-president Mars Chen says Chinese carmakers have edge in meeting demand for electric luxury cars Luxury electric vehicle (EV) brands from China are poised to enter the same elite tier as …
China’s Momenta plans to launch Hong Kong IPO next week, source says
HONG KONG, June 23 (Reuters) – Chinese autonomous driving developer Momenta is planning to launch its Hong Kong initial public offering as early as next Monday, said a source with knowledge of the …
MP Materials (MP) Faces Fresh China Export Controls As Rare Earth Focus Grows
China has added MP Materials (NYSE:MP) to its export-control list, signaling closer scrutiny of the company’s rare earth shipments. The move highlights MP Materials’ role in supplying key inputs for …
China’s Gold Imports Surge to Most in More Than Two Years
China’s monthly gold imports reached their highest in more than two years in May, showing the world’s biggest buyer’s appetite for bullion remained resilient as prices remained under pressure.
China narrows fiscal deficit for first time in two years, and crypto markets should pay attention
China narrowed its fiscal deficit for the first time in two years, choosing austerity over stimulus. Here’s what it means for crypto and global risk …
