He explained that the new brands mostly came from China, including BYD and Beijing Automotive Group or BAIC. Apart from that, there is also a car manufacturer from Vietnam, namely Vinfast.
BUSINESS
Biaoqing Price Prediction: ”PEPE Of China” BIAO Pumps 68% As This New Base Meme Coin Blasts Past $1 Million – Next BRETT?
Meanwhile, those investors who missed the BIAO surge may want to consider buying $DAWGZ, a Base meme coin that recently launched its presale. Base Dawgz aims to emulate $BRETT, which has soared 17,746 …
Fast fashion giant Shein hikes prices ahead of IPO
LONDON – Fast fashion giant Shein, known for its China-made US$5 tops and US$10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of…
China became the world’s factory by selling cheap goods. This strategy won’t work for EVs.
The European Commission announced it will impose tariffs of up to 38.1% on Chinese EV imports from next month — up from 10% currently.
Fast fashion retailer Shein hikes prices ahead of IPO
Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned…
AI drug researcher XtalPi lists in Hong Kong amid U.S.-China rivalry
The company is the first to list in Hong Kong under a new rule specifically implemented to attract strategic startups as the U.S.-China rivalry widens into emerging technologies like biotech and …
The wrinkle in Shein’s IPO plans
Since then the process has not moved forward at all — and it looks like Shein’s ties to Beijing could be to blame. The FT’s China tech correspondent Eleanor Olcott explains how Shein has tried…
Blockchain thriving among Fortune 500 companies, but US lags — Coinbase
Corporate blockchain adoption is growing, with 39% more Fortune 100 companies launching projects year-on-year, despite a talent shortage in the United States.
China’s Zeekr Shrinks Loss 18% in First Earnings Report Since New York IPO
(Yicai) June 12 — Zeekr Intelligent Technology, the electric vehicle arm of China’s Geely Holding Group, narrowed its first-quarter loss by 18 percent from a year earlier, according to the company’s …
US FDA import, ongoing supply crunch test China’s tilapia sector
The U.S. Food and Drug Administration (FDA) issued an alert in May 2024 upon the discovery of excessive levels of chloramphenicol – an antibiotic banned by China that is typically used to treat bacterial infections…
UE amenaza con subir aranceles a autos eléctricos importados de China y escala su disputa comercial
La Unión Europea amenazó el miércoles con subir los aranceles a los vehículos eléctricos importados de China el próximo 4 de julio, escalando una disputa comercial por los subsidios de Beijing a las exportaciones que…
UAE’s NMC Health appoints Rothschild for strategic options, including IPO
United Arab Emirates hospital group NMC Healthcare (NMCH) has appointed Rothschild as a financial adviser to help it consider strategic options including an initial public offering (IPO), it said on …
Chinese President Xi Jinping praises blockchain exec in open letter
It is supported by the Shanghai Municipal People’s Government, and the project claims to be the “only regulatory-compliant public blockchain in China.” Chinese computer scientist Andrew Chi-Chih Yao.
