Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors The social e-commerce company’s 2023 revenue surged …
BUSINESS
China Market Update: Foreign Investors Buy Into Rhetoric, Mainland Buys Hong Kong Dip
Asian equities were largely higher except for Hong Kong, despite a stronger US dollar, while Pakistan was closed for Ashura, a day of commemoration in Islam.
Brussels may rethink China EV import tariffs for Volkswagen, BMW, sources say
The European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers’ imports of China-made EVs, two sources with knowledge of the matter said.
Water group founded by China’s richest person demands apology from watchdog
Nongfu Spring criticises Hong Kong body after it said company’s bottled water hit EU limit for bromate content
Trump’s new VP pick JD Vance brands China the ‘biggest threat’ to the U.S.: ‘We are completely distracted from it’
JD Vance is Donald Trump’s choice for vice-president, and the Ohio senator echoes the former president’s tough attitude towards China. In a Monday interview with Fox News, Vance called China the “biggest threat” to the…
Hugo Boss Latest To Warn of Grim Times for Luxury Sector
KEY TAKEAWAYS Hugo Boss shares are tumbling in German trading Tuesday after the luxury fashion retailer became the latest to warn of bad times for the high-end sector.Luxury brands have been suffering from a pullback…
A Stock Market Needs to Attract Stocks. Someone Also Needs to Buy Them.
An overhaul that attracts companies like Shein could help a flagging London Stock Exchange, but the main issue is that U.K. equities are dirt-cheap.
Slamming China with tariffs is a mistake, and the US can do one big thing to support key industries, Yale economist says
Placing tariffs on China is a risky way to boost domestic industry. The US should instead focus on reducing its budget deficit, Stephen Roach said.
China’s third plenum and the 3 major challenges facing ‘Xi the reformer’
Xinhua article marking third plenum hails Xi Jinping as reformer on a par with Deng Xiaoping, but headwinds see task cut out for president.
ZEEKR And Geely: China Autos Q2 2024
Zeekr uses Geely platforms and factories, and holds a specific strategic position within the group. Learn why I rate ZK stock a hold.
PwC mulls cutting down 50% staff in China amid regulatory scrutiny
PricewaterhouseCoopers (PwC) is considering reducing up to half its financial services auditing staff in China, according to two sources familiar with the situation, as a regulatory investigation and …
China looks to South African food exports as way of reducing reliance on US and Australia
The country is already a major supplier of metals and minerals, but now its agricultural sector could benefit from strong demand in China.
Chinese bubble tea maker Chagee reportedly hires Starbucks talent, mulls US IPO
Chinese bubble tea chain Chagee has reportedly hired Li Tao, vice president of Starbucks China, paving the way for the rising brand’s further expansion, according to local media outlet 36Kr. However, …
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