Things are spicing up in Tesla’s (TSLA) latest EV pricing bout with Chinese competitors in China’s auto market, this time with Li Auto (LI) as both companies slash prices on electric vehicle models.
BUSINESS
How China’s Millennials Are Driving the Luxury Market Boom
China’s luxury market is predicted to become the largest in the world. The shift in consumer trends, primarily among China’s younger population, is the main factor behind this growth. According to a …
China’s EV industry is going global. Why that has Tesla and other carmakers worried
The Alliance of American Manufacturing warned in a February report that allowing Chinese EVs into the country would be an “extinction-level event” for the U.S. auto industry. The group also cited the …
China e-commerce exports, unreliable Red Sea shipping boost air cargo
The air cargo sector grew more than 10% during the first quarter on the back of e-commerce exports from China and supply chain disruptions in the Red Sea. The post China e-commerce exports, unreliable …
Global Impact: China posts better-than-expected first-quarter growth, but US trade actions test outlook
In this week’s issue of the Global Impact newsletter, we take the temperature of US-China relations at a difficult time for Beijing as it seeks to solidify the recovery of the world’s second-largest …
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Neom officials visited Beijing, Shanghai, and Hong Kong in an attempt to court Chinese investors and shed more light on the $500 billion megaproject.
China Bubble Tea Boom Creates New Billionaires: Sichuan Baicha Baidao Set To Go Public
The bubble tea, commonly referred to as ‘Boba,’ has evolved beyond a mere trend in China; it’s now a lucrative business venture that has spawned numerous billionaires. The most recent addition to this …
China’s monthly bauxite import data in March 2024
Customs data showed that China imported 11.8629 million mt of bauxite in March, up 5.19% MoM but down 1.43% YoY.
Tesla cuts prices in China and Germany as competition heats up
Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and …
China’s Xiaomi secures seven cornerstone investors for US$6.1bil HK IPO
The IPO values the Beijing-based, Cayman-domiciled company at $54.3 billion – or $70.3 billion after a 15 percent “greenshoe” or over-allotment option which can be sold if there is demand.
China Issues Warning to its Citizens in Angola Involved in Crypto Mining
China’s blanket ban on crypto mining, followed a mass exodus of miners to various African nations including Angola.
The Chinese site that rewired online shopping
When Pinduoduo, the Chinese discount shopping app, debuted nearly a decade ago, tech giants Alibaba and JD.com dominated China’s ecommerce business.
Hong Kong stocks soar after China’s market regulator pledges support for city’s IPOs, connect schemes
Hong Kong stocks extended gains amid expectations the latest measures announced by Chinese authorities would broaden the investor base …
