The rise of China’s domestic brands, a growing share of EVs and the country’s economic slowdown are undermining the dominant position BMW, VW and Mercedes once held in the world’s largest car market.
Tagged By ipo
Hong Kong marks busiest IPO week in nearly two years with China stimulus giving hope to dealmakers
Hong Kong has recorded its busiest week for new IPO launches in almost two years with deals opened to raise up to $1.3 billion, giving bankers and investors confidence the two-year share sale freeze …
China Resources Beverage Is Said to Set Price $649 Million IPO at Top of Range
China Resources Beverage Holdings Co. is slated to price its initial public offering at the top of the range to raise about HK$5 billion ($649 million), people familiar with the matter said, …
McKinsey Revamps Its China Operations Amid New Risks
The consulting firm is cutting back on state-linked clients and is working to separate its China operations
The China-Decline Narrative Gets It All Wrong
China’s economic trajectory could offer exciting opportunities to investors, Diana Choyleva writes in a guest commentary.
China expected to post slowing growth as economic woes drag
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…
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.
