China’s services sector expanded at its slowest pace in eight months. The implications for companies exposed to Chinese consumers aren’t good.
Tagged By business
China Brand Avatr Unveils Electric Sedan Avatr 12
The Chinese electric car brand Avatr from Changan and CATL presented its second model at the IAA Mobility in Munich. The Avatr 12 is an approximately five-metre-long coupé-like sedan that follows the design language of…
SoftBank’s Arm aims for over $52 billion valuation in biggest US IPO of the year
SoftBank Group’s Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market …
The Blockchain Revolution In Cross-Border Transactions
The opportunity to resolve the issue of third-party verification and trust in international trade transactions lies in blockchain technology. The characteristics of the blockchain, specifically …
BYD, China’s Tesla, Is Coming for the World
Now they have to face competition on their home turf from Chinese rivals such as BYD, and it could be brutal. BYD’s cost leadership will give it a leg up in the EV transition race.…
The Global Fallout If China’s Growth Rate Is Halved
The potential impact on the global economy should not be dismissed, considering that China along with the U.S. have been the primary engines of global growth.
China is reportedly spending big to boost its production of chips for AI and smartphones after the US cracked down on exports
China is planning a huge new investment fund to boost its semiconductor industry as a global race for dominance in the sector escalates, per Reuters.
‘Approval Is Inevitable’—SEC Insider Primes Crypto Market For $15 Trillion Bitcoin, Ethereum And XRP Price ETF Game-Changer
Former U.S. Securities and Exchange Commission (SEC) chair Jay Clayton has said eventual approval of a spot bitcoin exchange-traded fund (ETF) is …
Xi Sends Congratulatory Letter to Smart China Expo
BEIJING, Sept. 4 (Xinhua) — Chinese President Xi Jinping sent a congratulatory letter to the Smart China Expo 2023, which opened Monday in southwest China’s Chongqing Municipality.
China’s Exports, Imports Likely Contracted More Slowly in August: Reuters Poll
Chinese factory activity shrank for a fifth straight month in August, weighed down by a lack of new export orders and imported parts, although factory owners indicated producer prices had improved for …
The US can’t kill crypto: Real regulations are coming
While it’s true that the last year in crypto has seen fraud, meltdowns, and layoffs that triggered sequential failures of crypto companies, that’s largely of those failed companies’ own making. As it …
China’s Leapmotor looks to sell EV tech as it targets export growth
China’s Leapmotor needs to increase its sales by five times or more to survive a consolidating EV industry and is seeking partners outside China to license its technology, the company’s chief …
Crypto Market-Making Profit Margins Sink 30% in ‘Wake-Up Call’ Post-FTX
Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto sector scarred by a $2 trillion rout.Most Re…
ADVERTISEMENT
