China Unicom chair and CEO Chen Zhongyue targeted stable operating revenue gains and double-digit profit growth in 2024, with network investment peaking last year as its 5G coverage goal was nearly …
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China Unicom (Hong Kong) GAAP EPS of RMB 0.61, revenue of RMB 372.6B; initiates FY24 outlook
FY GAAP EPS of RMB 0.61. Revenue of RMB 372.6B (+5.0% Y/Y). Return on equity reached 5.4%, the best in recent years.
China’s Xiaomi Q4 2023 revenue rises 11%, beats estimates
Chinese smartphone maker Xiaomi reported a 10.9% rise in fourth-quarter revenue on Tuesday, boosted by strong smartphone sales in an industry showing signs of recovery.
Focus sharpens on China’s tech
The House-passed measure designed to force China’s ByteDance to divest TikTok is only part of an expanding effort aimed at curtailing China’s tech ties to the United States. As lawmakers were …
Longi Layoffs Speed Shift in Solar Production Away From China
Layoffs at Longi Green Energy Technology Co., the world’s biggest solar manufacturer, will likely accelerate a global rebalancing of production capacity away from China.
China accuses Evergrande Group of $78 billion fraud, among worst ever
It fuels concern about how widespread such accounting issues are, just as the new China Securities Regulatory Commission chairman is trying to tighten oversight …
Hong Kong stocks slip on weak Chinese corporate earnings, with Wuxi Apptech, Wuxi Biologics, Xpeng leading decline
Fourth-quarter earnings of Chinese companies are trailing those of peers in the rest of Asia, according to Goldman Sachs Sentiment remains cautious ahead of the Fed’s meeting later this week Hong …
Ships, Not Chips, Could Offer China an Edge
The US should be pragmatic when it comes to rebuilding its maritime capacity, and look to friendly nations like Korea and Japan for help.
China Market Update: Growth Stocks & Sectors Lead China Markets Higher
Southbound Stock Connect volumes were moderate as Mainland investors bought a net $374 million worth of Hong Kong stocks and ETFs, including Kuiashou, China Mobile, and Xiaomi, which were small net …
China Slams US Over SpaceX’s Alleged Development Of Spy Satellites: ‘…Not Help A Villain Do Evil’
In a recent escalation of tensions between global superpowers, China has publicly denounced the United States following a report that Elon Musk‘s SpaceX is developing espionage technology for American …
China’s Longi to cut nearly one-third of staff, Bloomberg News reports
China’s Longi Green Technology Energy , the world’s largest solar manufacturer, is cutting nearly one-third of its staff as a cost-saving measure, Bloomberg News reported on Monday, citing people …
Can China catch the US in the AI race?
The United States currently leads China in artificial intelligence dominance, but China is scrambling to close the gap. An expert on U.S. policy gives an update on the race.
China EV startup Xpeng will launch a brand that’s 50% cheaper, following Tesla downmarket to survive a slowing EV market
He Xiaopeng, chairman and CEO of Xpeng speaking during a press briefing to present next-gen technology architecture in Shanghai on April 16, 2023. China’s EV market is having a slow start to 2024.