Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China

cnbc.com BEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy…

Climate disclosures: China’s ESG rules for listed firms could spur private firms to set net-zero targets, analysts say

scmp.com In February the Beijing, Shanghai and Shenzhen stock exchanges published the country’s new climate and sustainability disclosure guidelines . These mandate that more than…

Blinken lands in China warning over Beijing’s support for Russia

semafor.com Semafor Signals Supported by Insights from Financial Times, The New York Times, and The Washington Post The News US Secretary of State Antony Blinken arrived in Shanghai…

Blinken Lands in China For Tense Talks as US Sanctions Loom

youtube.com U.S. Secretary of State Antony Blinken arrived in Shanghai on Wednesday, to begin three days of talks with senior Chinese officials this week as U.S.-China ties are at a…

The rise and fall of Changpeng 'CZ' Zhao, the ex-Binance CEO who plead guilty to anti-money laundering charges and could spend 3 years in prison

aol.com None Changpeng Zhao, also known as CZ, has been one of the wealthiest people in crypto. • None His rivalry with Sam Bankman-Fried nearly saw Binance save FTX from…

IMAX® and CineNOVA Launch Partnership With Four New IMAX Locations Across Turkey

benzinga.com New Collaboration Brings State-of-the Art IMAX with Laser to Thriving Turkish Cinema Market for First Time NEW YORK and ISTANBUL, April 24, 2024 /PRNewswire/ -- CineNOVA and…

Blinken begins China visit as tensions rise over new U.S. bill forcing TikTok sale

pbs.org U.S. Secretary of State Antony Blinken has begun a critical trip to China armed with a strengthened diplomatic hand following Senate approval of a foreign aid package that…

Pixelworks Empowers iQOO Z9 Turbo to Bring Immersive Gaming and Video Experiences to More Consumers

benzinga.com SHANGHAI, April 24, 2024 /PRNewswire/ -- Pixelworks, Inc. PXLW, a leading provider of visual processing solutions, today announced that vivo's newly launched iQOO Z9 Turbo…

There's only one way left to fix Tesla: fire Elon Musk

businessinsider.com Tesla is on the brink again. Sales are slowing even after the company slashed prices. The company is laying off 10% of its workforce — 14,000 workers from Shanghai to San…

Antony Blinken Presses China On Russia Ties During Visit To Shanghai: Expert Says Visit Aims To 'Avoid Awkward Scenarios'

benzinga.com On Wednesday, U.S. Secretary of State Antony Blinken arrived in Shanghai for a visit aimed at improving U.S.-China relations, despite a host of unresolved issues. What…

Map shows China's fastest-sinking cities

newsweek.com Almost half of China's major cities face potentially devastating subsidence, raising the flood risk for tens of millions. A Newsweek map shows the fastest-sinking areas. The…

Table set for Honda's massive bet on Canada's electric vehicle sector

cbc.ca When word of Honda's soon-to-be-announced electric vehicle investment leaked to Bloomberg News on Sunday, Ontario Premier Doug Ford saw an opening to boast about his…

Goldman Sachs says escalating price war in China’s EV market could ensnare BYD, push sector into losses

scmp.com “If another 10,300 yuan price cut comes about (in line with our assumption for BYD), we estimate overall industry profitability could turn negative in 2024,” Goldman said.…

POPVIL brings trendy swimsuits to the fingertips of TikTok users by opening its TikTok Shop

benzinga.com SHANGHAI, April 24, 2024 /PRNewswire/ -- POPVIL, a leading swimwear brand, announces the launch of its first shop on TikTok (TikTok Shop). It allows POPVIL to bring its…

EU launches investigation into Chinese medical device market

theglobeandmail.com The European Commission launched a probe into China’s public procurement of medical devices on Wednesday, the latest in a series of moves that ratchet up trade tensions…

Chinese AI giant SenseTime suspends trading as shares surge more than 30% after launch of updated large language model

scmp.com That hefty gain came after SenseTime co-founder, chairman and chief executive Xu Li on Tuesday introduced the latest advances of the company’s updated LLM – the technology…

Why Disney is doubling down on theme parks with a $60-billion plan

latimes.com Over the decades since Walt Disney opened his first theme park in 1955, the company’s tourism business has ballooned to an enterprise worth tens of billions in yearly sales,…

Futures mostly higher, Tesla pledges "more affordable" EVs

investing.com Investing.com -- U.S. stock futures tick broadly higher ahead of a fresh batch of crucial earnings from some of the world's largest technology firms. Shares in Tesla…

Volkswagen aims to launch 30 EVs in China in next 6 years as shift to green motoring erodes German giant’s market share

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Volkswagen aims to launch 30 EVs in China in next 6 years as shift to green motoring erodes…

Blinken lands in China on tough mission to curb support for Russia's war

asia.nikkei.com WASHINGTON -- U.S. Secretary of State Antony Blinken arrived in China on Wednesday, with a principal objective of warning Beijing not to assist Russia's military production.…

Gucci's owner is having a terrible year. The company's profit and stock have slumped as Asia sales dry up

businessinsider.com Gucci's revenue declined significantly in the first quarter. CFOTO/Future Publishing via Getty Images Kering predicts a 45% drop in its first half-year operating income…

Apple’s iPhone sales in China plunge as Huawei reaches for the top

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Apple’s iPhone sales in China plunge 19%, as Huawei grows smartphone sales by nearly 70% Apple…

Analysis-China's EV survival game creates peril

aol.com By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking…

Chinese suppliers shrug off U.S. tariff threats as customers flock to their cheap goods

fortune.com China can withstand any new tariffs the world throws at it—even the punitive ones Donald Trump is planning if he wins a second presidential term—because its prices are…

Elon Musk is throwing the distant dream of a 'sentient' Optimus robot at Tesla's shareholders

businessinsider.com Tesla's robot, "Optimus," being displayed at the 2023 World Artificial Intelligence Conference in Shanghai, China. Costfoto/NurPhoto via Getty Images Elon Musk doesn't think…

Blinken heads to China on tough mission to curb support for Russia's war

asia.nikkei.com WASHINGTON -- U.S. Secretary of State Antony Blinken is due in China this week, with a principal objective of warning Beijing not to assist Russia's military production. But…

Jury still out on China’s full-court press to become arbitration destination

scmp.com Declining to reveal details of the case, Huo said that it features many of the risks and challenges businesses from the mainland may face when taking part in the initiative,…

Wall Street rallies again to erase more of April’s losses

aol.com U.S. stocks rallied for a second straight day Tuesday to blunt the blow of what’s been a rough April. The S&P 500 climbed 1.2% and pulled further out of the hole created by…

Chinese speculators super-charge gold rally

ft.com Huge bullish bets on Shanghai exchanges show growing clout of Asian traders in market for precious metal

Fosun International On Cusp Of New 'Asset-Light' Era With Latest Sale

benzinga.com Fosun International’s total debt-to-capitalization ratio stood at 50.4% at the end of last year, down 2.9 percentage points from the previous year • The company recently…

Havas Leading Media On Global Puma Campaign

mediapost.com Sports footwear and apparel company Puma has launched its first worldwide brand campaign in 10 years. It’s called “Forever. Faster. See The Game Like We Do.” The campaign is…

Have McKinsey and its consulting rivals got too big?

economist.com AN ANONYMOUS MEMO briefly circled the web in March. The authors, who claimed to be former partners at McKinsey, rebuked the illustrious strategy consultancy for its pursuit…

Trump wants to whack Chinese firms. How badly could he hurt them?

economist.com A few months before America’s presidential election in 1980, George H.W. Bush paid a visit to Beijing. He got a frosty reception. Days earlier, Bush’s running mate, Ronald…

China’s stockmarket nightmare is nowhere near over

economist.com Running China’s securities watchdog is a perilous job. A market rout can end your career, or worse. On February 7th, after weeks of stockmarket instability, Yi Huiman, the…

As China’s markets suffer, what alternatives do investors have?

economist.com Some foreign investors in China are most worried by the country’s souring relations with the West. Others fret about the unprecedented slump in its property market. Many are…

Will spiking shipping costs cause inflation to surge?

economist.com When economists talk about bottlenecks, they typically refer to points in a supply chain that slow down production. The global economy is at present providing a rather…

A guide to the Chinese Communist Party’s economic jargon

economist.com A new Communist Party slogan was born on January 9th. The phrase, which appeared on the front page of the People’s Daily, a party mouthpiece, defies easy interpretation. A…

Immersive Holocaust Doc ‘Letters From Drancy’ Uses New Media to Honor Survivors

variety.com In many ways, “Letters From Drancy” has hewed a prestigious if unremarkable path. The VR doc premiered at last year’s Venice Immersive before additional festival slots at…

Stock market today: Wall Street adds to its hot start to the week

abcnews.go.com Stocks are ticking higher on Wall Street and adding to their hot start to the week NEW YORK -- U.S. stocks are ticking higher Tuesday and adding to their hot start to the…

Is the tea bubble bursting? ChaPanda shares plunge in Hong Kong IPO

aol.com Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market debut Tuesday, tumbling as much as 38% from their listing price. The company, also…

MultiMetaVerse Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price and Minimum Market Value of Listed Securities

benzinga.com SHANGHAI, April 23, 2024 /PRNewswire/ -- MultiMetaVerse Holdings Limited (the "Company"), an animation and entertainment company for young consumers in China, announced…

How many penalty points each driver has after the Chinese Grand Prix

newsweek.com The recent Chinese Grand Prix has significantly changed the Formula 1 penalty points standings, with several drivers edging closer to the suspension threshold which is 12…

Turbulent times at Tesla: Mass layoffs, slow sales and suspected arson

independent.co.uk Jordan turned up at work on Sunday morning expecting a normal shift as a Tesla test driver. But instead at the office they were told they couldn’t drive — their job was to…

Apple sinks to 3rd place in China as iPhone sales slide

businessinsider.com Apple iPhone sales are under pressure in China. CFOTO/Future Publishing/Getty Images Apple's China headache is getting worse. A slide in iPhone sales has left Apple in third…

Hang Seng Boosted By Wall St Tech, Weak Yen Lifts Nikkei

asiafinancial.com Asia’s major stock indexes advanced on Tuesday as a tech-led Wall Street rally buoyed the mood across the region. Investors were betting on earnings reports due out from US…

Chinese bubble-tea maker Chabaidao sinks in worst Hong Kong debut in 6 years

scmp.com Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year Sichuan Baicha Baidao Industrial, which owns and…

Young Chinese are trading Shanghai for small cities. Brands like KFC are following them with thousands of stores

businessinsider.com Dominos Pizza in China David Gray/Reuters China's workers are migrating from megacities to smaller towns because of economic challenges. Big domestic and international…

Tycoon Tanoto plans US$1.5 billion lyocell plant in China after Vinda takeover

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Indonesian tycoon Tanoto plans US$1.5 billion lyocell fibre plant in Shandong, raising bets on…

Meta Platforms gets billions from China without headaches many U.S. companies face there

cnbc.com As many American companies struggle to navigate the world's second-largest economy, Meta Platforms has found itself raking in billions of dollars from China without the…

Slide Over, Auntie: Young Chinese Find Tasty Meals in Senior Canteens

nytimes.com Inside a canteen for seniors in downtown Shanghai, a worker brandishing a sponge inched closer to Maggie Xu, 29, as she was finishing her rice and garlic-and-oil-soaked…

Chinese market watchdog’s support to divert IPOs from mainland to Hong Kong

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Chinese market regulator CSRC’s support will divert scores of mainland firms’ IPOs to Hong Kong,…

F1 News: Charles Leclerc Isn't 'Satisfied' As He Awaits Ferrari Upgrades

newsweek.com Charles Leclerc has admitted that he isn't "satisfied" following a challenging Chinese Grand Prix where Ferrari struggled to fully contend with frontrunners Red Bull and -…

The risks of restaking are extremely overrated

blockworks.co EigenLayer, the biggest proponent and implementer of restaking, is starting to get rid of its training wheels. After briefly removing caps on staking with liquid staking…

Why Tesla’s Rival Li Auto Is Crashing Today

247wallst.com While all eyes have been on Tesla’s (Nasdaq: TSLA) electric vehicle (EV) cost-cutting measures, Beijing rival Li Auto (Nasdaq: LI) got swept up in the selling pressure too,…

Foreign firms play waiting game as China’s pro-investment campaign falters

scmp.com “Companies are separating their China operations so they function in more of a silo. Nobody is happy about this, but it’s the reality of the new working model,” said Gibbs,…

Hypercar Slayer? Mercedes-AMG GT PHEV Out-Accelerates AMG One

carscoops.com With a 0-100 km/h (0-62 mph) acceleration in 2.8 seconds, the Mercedes-AMG GT 63 S E Performance is quicker even than the AMG One hypercar Mercedes-AMG launched the…