Nio (NYSE: NIO), a Chinese maker of electric vehicles (EVs), went public at $6.26 per American depositary share just over six years ago. Its stock soared tenfold to a record high of $62.84 during the…
Tagged By business
Chinese self-driving firm Pony AI seeks up to $4.5 bln valuation in US IPO
Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its long-sought plan for a New…
Trump’s 60% Chinese Import Tariff May Pose a Threat to Global Tech Supply Chains
Key Takeaways Donald Trump has promised to impose 60% tariffs on Chinese imports. This move may have a notable impact on the global tech sector. Some countries have already started evaluating …
Kaixin ventures into Bitcoin mining as crypto tide shifts in China
Kaixin Holdings, a Chinese EV company, is entering cryptocurrency mining with plans to acquire a Middle Eastern operation. This step reflects China’s gradual return to the crypto market after previous …
How the Maker of Nerf Guns Will Navigate Trump’s Tariffs on China
Nerf guns. Monopoly board games. G.I. Joes. Some of Hasbro’s bestselling toys could get pricier if President-elect Donald Trump implements stiff tariffs on Chinese imports. One of America’s largest …
China renamed its homegrown regional airliner to better sell it abroad. Here’s how it compares to its closest rival.
The C909 has been compared to planes like the Boeing 717 and the McDonnell Douglas MD-80, but its closest in-service competitor is Embraer’s E190-E2.
China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal
Dozens of Hongkong Land’s assets in China and Southeast Asia are likely to be divested while those in Hong Kong are likely to be spared, as the developer shifts its focus to ultra-luxury commercial …
See the fighter jets, attack drones, and other high-tech military aircraft at China’s largest airshow
China showcased its advancing airpower by debuting its newest stealth fighter, the J-35A, at the 2024 Zhuhai Airshow. See what else was displayed.
Weak shipbuilding could be the US Navy’s Achilles’ heel in a war with China
A hollowed out industrial base, which the Navy depends on, could spell trouble for the sea service in a high-end conflict in the Pacific.
US agriculture exporters fear trade war 2.0 will ‘kill’ China business
Heavily exposed to the Chinese market, the farm sector has been a handy target for Beijing to retaliate against US tariffs. Read more at straitstimes.com.
China’s Xi calls for more free trade
With Donald Trump’s imminent return as US president looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, his Chinese counterpart Xi Jinping said the region should push for more …
Biden presses China’s Xi over trade after making major flub at Peru summit
We are the most important alliance – or the most important relationship in the entire world, and how we’re getting along together can impact the rest of the world,” Biden said.
Why China Is Kicking Japanese (and everyone else’s) EV Butt
The Chinese EV car makers are chewing up the Japanese car makers. They are likely to chew through South Korea and the US over time unless the relevant governments work to restore domestic car …
