Jack Ma’s Biggest E-Commerce Rival Is Coming for Amazon

finance.yahoo.com Jack Ma essentially invented the e-commerce business in China by co-founding Alibaba Group Holding Ltd. and steering it to the top of the country’s private sector. But a…

Global travel demand to and from mainland recovering at strong pace: IATA chief

scmp.com According to the association, international travel demand to and from the mainland remained 40 per cent below pre-pandemic levels. “The pace of recovery since the market…

Spurred by a domestic property debacle and a currency sell-off, Shanghai high-net-worth individuals hunt for overseas homes

scmp.com The queue of sellers is creating a supply glut. Homeowners now have to offer up to 20 per cent price cuts to lure potential buyers, according to You Liangzhou, the owner of…

Elon Musk's luck has finally run out

finance.yahoo.com From 2019 to 2022, it seemed as if every gamble that Musk took was paying off. Tesla was consistently profitable for the first time in its history and its stock soared as…

This week in EVs: Tesla's trouble abroad

investing.com Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla China deliveries drop; Scandinavian unions come together to fight EV…

China Vows to Curb Coal Use to Tackle Poor Air Quality

asiafinancial.com China has pledged to curb coal use in a bid to tackle poor air quality in some of its biggest cities, the country’s state council said in a new action plan. By 2025, China…

Elon Musk is cracking under the pressure of the biggest gamble he's ever taken in his life

aol.com From 2019 to 2022, it seemed as if every gamble that Musk took was paying off. Tesla was consistently profitable for the first time in its history and its stock soared as…

Can Taylor Swift conquer China ?

newsweek.com Taylor Swift has had an incredible year, from her record-breaking Eras Tour and subsequent concert movie, to finding love with NFL star Travis Kelce. Swift has seen her…

China's consumer prices fall fastest in 3 years, factory-gate deflation deepens

reuters.com [1/4] People walk along Nanjing Pedestrian Road, a main shopping area, ahead of the National Day holiday, in Shanghai, China September 26, 2023. REUTERS/Aly Song/File Photo…

SEC asks for public input on Fidelity’s Ethereum ETF; whales exploring Arbitrum and InQubeta

crypto.news The United States Securities and Exchange Commission (SEC) is opening the floor for public input on Fidelity’s Ethereum exchange-traded fund (ETF). Meanwhile, two projects…

"Filthy Air": India Overtakes China As Country With Most Polluting Cities

zerohedge.com "Filthy Air": India Overtakes China As Country With Most Polluting Cities While China is often the topic of discussing when bringing up bad examples of air quality, India…

Chinese residents fear the return of COVID-era controls

semafor.com Residents across several Chinese provinces are alarmed at the apparent resurgence of pandemic-era digital health codes — which appear to have remained on government apps on…

China Developer Shimao’s Shares Slide on Debt Revamp Plan

asiafinancial.com Shares in Chinese property developer Shimao Group slumped on Friday after it issued a restructuring plan to reduce up to $7 billion in offshore debt. The developer, with…

Futures: Jobs Report Due; Tesla China Sales Bounce

investors.com Dow Jones futures edged lower Friday morning, with the November jobs report due before the open. S&P 500 and Nasdaq futures fell slightly. Tesla (TSLA) , Microsoft (MSFT),…

DeFi share in crypto market increases by 18% in November

crypto.news In November, the decentralized finance (DeFi) sector’s share of the cryptocurrency market increased by 18% compared to last month. November also turned green for…

Stock Price Prediction in 2030: Bull, Base & Bear Forecasts

247wallst.com In February 2021, special-purpose acquisition company (SPAC) Churchill Capital announced a reverse merger with luxury EV maker Lucid Motors. Churchill had gone public at $10…

China vows to keep economy stable through 'moderate' fiscal means

asia.nikkei.com SHANGHAI -- China's leaders pledged on Friday to boost fiscal measures "moderately" and foil risks in "key areas" to achieve growth in 2024 as recovery in the world's…

3 must-own China stocks for the Year of the Dragon

marketbeat.com In the 12-year cycle of animals in the Chinese zodiac, 2024 will be the Year of the Dragon. If equity investors get their way, it will be a green dragon. Barring a big…

US Judge Bans Changpeng ‘CZ’ Zhao from Leaving the Country

decrypt.co A federal judge in Seattle ruled Thursday that Changpeng Zhao, founder of the cryptocurrency exchange Binance, must remain in the United States in the months leading up to…

The sudden downfall of Canadian Changpeng Zhao, the crypto titan behind Binance

financialpost.com Canadian Changpeng Zhao had long cultivated the image of the rugged pugilist of the cryptocurrencies world. We apologize, but this video has failed to load. tap here to see…

Nikkei Dives on BoJ Bets, Surging Yen; Hang Seng, China Flat

asiafinancial.com Asian stocks were largely mixed on Friday, on a day low on risk-taking, as investors played the waiting game with the US Fed over its long-hoped-for interest rates…

Photos show mock 'J-35' fighter jet on China's Fujian carrier

newsweek.com A suspected mock-up of China's next-generation fighter aircraft has appeared on the deck of the Chinese navy's new aircraft carrier, the Fujian. Photographs, likely taken by…

In China's slowing beauty market, big brand discounts won't cut it

reuters.com Expensive beauty hauls are a thing of the past for Evelyn Zhu. The Chinese branding professional says she now only spends on skincare essentials, joining millions of other…

China vows to 'moderately' strengthen fiscal policy to bolster economic recovery

cnbc.com Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China's Shanghai,…

‘How to Have an American Baby’ Review: Giving Birth to Citizens

wsj.com Looking for an antidote to unbridled seasonal merriment? Runaway holiday cheer? Check out “How to Have an American Baby,” a documentary guaranteed to raise the blood…

Lululemon’s Cult Status Faces Checkout Uncertainty

pymnts.com When it comes to Lululemon and its customers, the brand seems to create a retail cult following, leaving many to wonder: What’s the secret sauce that makes these customers…

Moody's Told Staff In China To Work From Home Ahead Of Downgrade To Country's Credit Outlook

zerohedge.com Moody's Told Staff In China To Work From Home Ahead Of Downgrade To Country's Credit Outlook It's not just the US that retaliates against credit agency downgrades: China -…

Chinese consumers keep spending in check amid shaky economy, hunting bargains on drinks, personal-care goods: report

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Chinese consumers keep spending in check amid shaky economy, hunting bargains on drinks,…

Delta to fly to Taipei from Seattle hub

news.delta.com As Delta celebrates 90 years of airline history in Seattle, the airline will build on its leading international presence at the hub with the launch of service to Taipei.…

Altimmune’s stock pops as analysts see obesity-drug partnership potential

marketwatch.com Altimmune Inc. shares ALT, gained 5% Thursday and have jumped more than 100% this week as analysts see potential for the company to find a partner for its experimental…

What's the most sustainable type of Christmas tree? Depends on what you want, a forestry expert says

businessinsider.com It can take hundreds of years for an artificial tree to decompose once you throw it out. [left] Jim Craigmyle; [right] Picture alliance/Getty Images Many Americans have…

Moody’s asked staff to stay home ahead of China cut: Report

timesofindia.indiatimes.com Moody’s Investors Service advised its staff in China to work from home ahead of its announcement this week cutting the outlook for sovereign bonds to negative in the world’s…

Moody's told staff to WFH before it slashed China's credit rating as it feared authorities might retaliate: report

aol.com None Moody's told staff in China to WFH before it slashed the country's credit rating. • None Two employees told the FT they believed this was because the company feared…

China’s cabinet urges Shanghai’s Hong Kong-style Lingang free-trade zone to deepen reforms

scmp.com “The guide is compiled to highlight the strategic role of the FTZ and encourage the zone in Shanghai to spearhead some trial programmes,” the cabinet said in the guide,…

China's push to loosen Mao-era residence rules runs into hurdles

investing.com BEIJING/HONG KONG (Reuters) - Yang Guang's rise from a village farmer to an Audi-driving businessman with two properties hinged largely on one of the most coveted documents…

Hong Kong wants more business with Saudi Arabia. Here’s why

aol.com For the first time, Hong Kong’s leader has welcomed Saudi Arabian elites to the city for an investment conference, in an example of how it is embracing new potential…

Respiratory Illnesses On The Rise Across The US, CDC Warns

zerohedge.com Respiratory Illnesses On The Rise Across The US, CDC Warns Authored by Jack Phillips via The Epoch Times, The U.S. Centers for Disease Control and Prevention (CDC) issued an…

Moody’s Asked Staff to Stay Home Ahead of China Cut, FT Says

finance.yahoo.com Moody’s Investors Service advised its staff in China to work from home ahead of its announcement this week cutting the outlook for sovereign bonds to negative in the world’s…

Moody’s Told China Staff to Stay Home Ahead of Rating Cut

asiafinancial.com The rating agency was reportedly worried over a possible backlash to its announcement targeting employees in Beijing and Shanghai US rating agency Moody’s advised their…

Nikkei Slides as Rates Fears Weigh, Tech Weighs on Hang Seng

asiafinancial.com Asian stocks fell on Thursday in the wake of a Wall Street slide as uncertainty over US interest rates and China’s stumbling recovery preoccupied investors. A sharp fall in…

A startup has developed a home heater that mines Bitcoin

crypto.news HeatBit presented a new device combining a Bitcoin miner with a heater. Crypto.news talked with its developer during the Web Summit in Lisbon. An individual Bitcoin…

China posts surprise November export growth after six-month decline

asia.nikkei.com SHANGHAI -- China's exports in November unexpectedly rose for the first time in half a year, driven by demand for cars and mobile phones, in an upbeat sign for the key…

China’s Push to Reform Historic Residency Rules Hits Hurdles

asiafinancial.com Chinese leaders have talked for years of changing the country’s Mao-era residency system, but even with top-level agreement that reform is long overdue progress remains…

Moody’s advised staff to work from home ahead of China outlook cut

ft.com US rating agency employees in Beijing and Shanghai believe concern over possible backlash prompted unusual move

China exports post surprise growth in November after 6-month decline

asia.nikkei.com SHANGHAI -- China snapped a six-month string of monthly export declines in November, an upbeat sign for the world's number two economy even as imports unexpectedly slipped…

China exports post surprise growth in November after 14-month decline

asia.nikkei.com SHANGHAI -- China snapped more than a year of monthly export declines in November, an upbeat sign for the world's number two economy even as imports unexpectedly slipped…

China snaps year-long export decline in November as demand picks up

asia.nikkei.com SHANGHAI -- China snapped more than a year of monthly export declines in November, an upbeat sign for the world's number two economy even as imports unexpectedly slipped…

With China’s first cruise ship delivered, unit of CSSC calls for Shanghai-based supply chain as it chases more orders

scmp.com The shipbuilder plans to begin final assembly of its second cruise ship, code-named H1509, in April next year, before delivering it to operator CSSC-Carnival, a joint…

China's changing billionaires: PDD up, Country Garden down

asia.nikkei.com DALIAN, China -- It wasn't that long ago that China's real estate sector produced many of the country's top billionaires. But their fortunes have fallen with the country's…

China's hidden debt spurs warnings of more Moody's downgrades

asia.nikkei.com SHANGHAI -- Moody's Investors Service on Wednesday signaled potential downgrades in credit ratings for dozens of Chinese government-backed entities funding infrastructure…

Buyback Bonanza Lifts Stocks

forbes.com Asian equities had a strong day as Japan outperformed, and Hong Kong posted its first positive day since I arrived in the region over a week ago. I have plenty to report…

China EV maker Nio to spin off its battery production unit

reuters.com A Nio Phone is displayed next to a Nio ES8 SUV during the Chinese electric vehicle (EV) maker's tech day in Shanghai, China September 21, 2023. REUTERS/Zoey Zhang/File Photo…

Generative AI translation lifts overseas sales of Chinese online literature industry: report

scmp.com The report – supported by the China Audio-Video and Digital Publishing Association, a trade body under the Communist Party’s Publicity Department – highlighted the role of…

Italian luxury brand Prada looks to double China business in medium term

reuters.com A logo of luxury goods company Prada is seen at the entrance of a shop in Brussels, Belgium July 2, 2021. REUTERS/Yves Herman/File Photo Acquire Licensing Rights SHANGHAI,…