China is expected to post its slowest growth in a year and a half on Friday, as Beijing struggles to steady an economy shaken by sluggish spending and persistent property sector woes. Analysts surveyed by…
Tagged By business
Global Autonomous Driving Tech Company Pony.ai Files for IPO
The self-driving startup didn’t say how many shares it would list or give an anticipated price range in a filing with the SEC.
Chinese Robotaxi Firm Pony AI Files for US IPO
Pony AI has applied to list on the Nasdaq stock exchange under the ticker symbol ‘PONY’. The company did not reveal the size of its offering. Goldman Sachs, BofA Securities, Deutsche Bank, Huatai Securities and…
Stellantis CEO Warns Chinese Brands Setting Up Shop In Europe Could Lead To Local Factory Closures
Tavares believes that new factories in Europe by Chinese carmakers will increase the “manufacturing overcapacity” in the region
LVMH Sales Drop as Chinese Demand for Costly Handbags Cools
LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases…
China Market Update: Patience Is Needed Until The NPC
Asian equities were mixed overnight, though the most significant event was Taiwan Semiconductor’s blowout earnings beat after the close.
China’s retirement crisis is here, and Beijing will be forced to keep raising the retirement age, demographer says
People 60 years and older are expected to make up nearly half of China’s population by 2050, according to estimates from the United Nations.
China woes drag down Pernod Ricard first quarter sales
French spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused partly by weakness in China.
Apple secretly worked with China’s BYD on long-range EV battery
Apple worked with Chinese automaker BYD for years, developing batteries that helped lay the groundwork for tech used today, according to people familiar with the situation.
Soaring Sales Send China EV Stocks Sky-high As US And EU Automakers’ Shares Get Shaky
One sign of the success of China EV companies in their own country and rising success elsewhere is the return it has given investors. For fossil fuel auto manufacturers, the opposite is true. Great …
China Considering Higher Tariffs on Car Imports
China said it may raise tariffs on imported internal-combustion-engine cars with large engines sizes, after the European Union voted to increase import duties on China-made electric vehicles.
Are McKinsey’s 500 job cuts in China a response to legal challenges and market pressures?
In a significant restructuring effort, McKinsey & Co., the prominent US-based consulting firm, is poised to overhaul its operations in China, which includes laying off approximately 500 employees.
How China’s Iran support could spark a Persian Gulf energy war
Washington has to be concerned that Beijing sees an opportunity to deny or at least restrict Middle East energy to others.
