Hyundai Motor and its Chinese partner BAIC Motor on Wednesday agreed a fresh investment of $1.1 billion in their joint venture that produces and sells Hyundai cars in China, BAIC said in a statement.
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Zetrix and Astron Launch Enhanced China Digital IDs to Combat Online Identity Fraud
Zetrix, a layer 1 public blockchain, announced today an exclusive partnership outside China with Astron-Xinghuo BIF, the international chain of China’s national public permissioned blockchain under …
China’s Tesla Model Y rival set to arrive in the UK
Chinese car maker Xpeng has confirmed its entry into the UK market. Xpeng’s first cars will go on sale in time for the new 25 registration plate in March next year. Founded in 2014, Xpeng…
Mao Geping, China’s Celebrity Makeup Artist Brand, Makes $300 Million Market Debut in Hong Kong
China‘s newly minted billionaire is an opera singer-turned-celebrity makeup artist. Mao Geping, whose namesake cosmetics company went public in Hong Kong on Tuesday, saw his wealth explode as the …
China Auto Body Seeks Subsidy Extension as EV Exports Take Hit
China’s biggest industry group for automobile makers urged the government to extend concessions for trading in older vehicles, as part of measures to spur domestic car sales amid a drop in electric vehicle exports.
Hong Kong’s IPO market to end 3-year slump amid China support, rising confidence
The city has recorded US$10.7 billion of proceeds from 64 IPOs this year through November; more deals in December.
Nissan moves CFO Stephen Ma to head China in management reshuffle
Nissan Motor’s board has decided to reassign Chief Financial Officer Stephen Ma to head its China business, the Nikkei newspaper reported, a high-profile shake-up for the crisis-hit Japanese automaker as it cuts thousands of jobs.
Chinese beverage brands spark craze in Indonesia
Chinese on-premise beverage and ice-cream company Mixue Bingcheng opened its first store in Bandung, Indonesia in 2020. To date, the beverage company operates more than 2,600 stores in Indonesia, …
China’s exports saved its economy this year, but the growth spurt is already slowing before Trump takes office
China exports have been strong this year but face challenges from potential Trump tariffs and slowing global demand.
China’s CATL to build US$4.3 billion EV battery plant in Spain with Fiat owner Stellantis
Joint venture received support from the Spanish government, which abstained in the EU’s October vote to impose extra tariffs on Chinese-made EVs.
China’s economic growth hinges on broader business and household confidence as leadership convenes
Central Economic Work Conference (CEWC) is being closely watched by investors for signs of coming stimulus to kickstart growth, which has been hampered by sluggish consumption and a protracted crisis …
China’s Falling Corn Imports Show Hit to Consumer Confidence
China’s corn imports are expected to total just 14 million tons in the current season, less than half of their peak during a buying spree a few years ago, according to the US Department of…
China consumer prices rise at slower rate in November
China’s consumer inflation rate slowed in November, official data showed today, as demand remains muted in the world’s number two economy.
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