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Citi Names These Two Markets As Its Top Picks In Asia
Friday, January 28, 2022 - 10:40am | 219Read More...On CNBC, Ken Peng of Citi Private Bank said that the U.S. Federal Reserve has promised to tackle inflation in a very aggressive manner. The tapering by the Fed is all set to end next month, with rate-hike expected to begin in March. Peng noted that the Asian markets are in a "little bit better...
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Chinese Merchants Banned On Amazon Are Popping Up On Walmart's E-Commerce Site: Report
Thursday, January 27, 2022 - 12:13pm | 421Read More...Chinese merchants who were banned from Amazon.com, Inc. (NASDAQ: AMZN) for generating fake customer reviews have relocated their shenanigans to Walmart Inc.'s (NYSE: WMT) e-commerce site, according to a new report from Bloomberg. What Happened: Last year, Amazon terminated more than 50,000...
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Apple Becomes The Top Smartphone Vendor In China For The First Time In 6 Years
Wednesday, January 26, 2022 - 1:32pm | 490Read More...As Apple, Inc. (NASDAQ: AAPL) gears up to release its December quarter earnings scorecard, a data point released Wednesday increases confidence in a strong showing. Apple Back On Top: Apple has overtaken local player Vivo to become China's top smartphone vendor in the December quarter,...
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Why Does David Mann Anticipate 'Flattish' Growth For China In 2022?
Wednesday, January 26, 2022 - 8:46am | 164Read More...On CNBC, David Mann of the Mastercard Economics Institute said China is facing challenges due to its property sector not performing well, so the ability to stimulate growth is not strong. He added that the desire for economic growth above the long-term normal isn’t particularly strong as...
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Nio Said To Be Exploring Secondary Listing In Singapore Amid Hong Kong Delay
Wednesday, January 26, 2022 - 12:56am | 340Read More...U.S. listed Chinese electric vehicle maker Nio Inc (NYSE: NIO) is exploring a secondary listing in Singapore as early as this year, cnEVpost reported. What Happened: The Shanghai-based Nio’s plans to list in Singapore come amid increased regulatory scrutiny in Hong Kong, where it was...
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Why Alibaba, Baidu And Other Tech Stocks Are Rebounding In Hong Kong Today
Wednesday, January 26, 2022 - 12:21am | 588Read More...Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory. Why Is It Moving? The Hang Seng Index was up 0.2% at the time of writing — rising after two straight days of losses — amid optimism...
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Chinese Version Of 'Fight Club' Radically Altered To Show Authorities Triumphing
Tuesday, January 25, 2022 - 10:52am | 444Read More...Chinese fans of the 1999 film “Fight Club” are now getting a very different ending to the cult classic, thanks to a government-approved rewrite. What Happened: According to a Bloomberg report, “Fight Club” is now streaming in China with a new coda that reimagines the film...
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EVs To Drive Growth In China Auto Market This Year, Says Rating Agency Fitch
Tuesday, January 25, 2022 - 6:20am | 349Read More...Rating agency Fitch said on Tuesday it expects electric vehicles to remain a key growth driver in China’s car market. What Happened: Fitch Ratings said EV volumes in China could reach 20% of the total share this year, up from 15.5% in 2021. Fitch said it estimates China’s...
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Nio Follows Tesla Into Crypto Fray By Issuing NFTs To Employees: What You Need To Know
Tuesday, January 25, 2022 - 1:15am | 440Read More...Chinese electric vehicle maker Nio Inc. (NYSE: NIO) has followed rival Tesla Inc. (NASDAQ: TSLA) into the world of cryptocurrencies by issuing non fungible tokens (NFTs) to its employees. What Happened: Nio — which issues brooches to its employees every year to mark the company’s growth...
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Researchers Find Cannabis In Ancestral Chinese Tomb: They Used It As Food, According To Study
Sunday, January 23, 2022 - 11:27am | 327Read More...By Franca Quarneti via El Planteo. A study published in the journal Agricultural Archeology found that cannabis played an important role in the life and diet of the Tang dynasty, which ruled in China from 618 to 907. As reported by The Growth Op, the archaeological discovery took place during a...
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This Ethereum-Derived Blockchain Will Power This Chinese City
Friday, January 21, 2022 - 2:14pm | 358Read More...CasperLabs — a framework developer for creating public and private decentralized applications (DApps) — recently partnered with China’s blockchain-based Service Network (BSN) for a more promising use of blockchain technology in China. What happened: According to CasperLabs...
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Why Warren Buffett-Backed BYD Is Raising NEV Prices In China
Friday, January 21, 2022 - 11:42am | 370Read More...BYD Company Ltd. (Pink: BYDDF), which is among the top new energy vehicle, or NEV, producers in China, is raising its prices. What Happened: Warren Buffett-backed BYD is planning to raise prices of its NEVs between 1,000 yuan and 7,000 yuan ($158-$1,105), effective Feb. 1, the CnEVPost...
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Nio Is Getting Immense Publicity In China Over Norway Swap Station Launch — But Not Exactly How It Would Have Wanted
Thursday, January 20, 2022 - 2:18am | 318Read More...U.S.-listed Chinese electric vehicle maker Nio Inc’s (NYSE: NIO) ‘musical’ battery swap station launch in Norway has triggered hilarious online retorts in China, cnEVpost reported on Thursday. What Happened: Nio’s battery swap station launch video accompanied a musical...
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Scandal-Hit Starbucks Rival Luckin Said To Be Scheming A US Relisting
Thursday, January 20, 2022 - 12:38am | 599Read More...Luckin Coffee Inc (OTC: LKNCY) is planning to list its shares once again in the United States nearly two years after the Chinese company was rocked by a $300 million accounting scandal. What Happened: The competitor to Starbucks Corporation (NASDAQ: SBUX) in China is exploring yet another listing...
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China's Property Market Decline To Send Iron Ore Supply Up
Wednesday, January 19, 2022 - 5:14pm | 661Read More...The China Evergrande Group (HKG:3333) crisis has had a mammoth of an impact on the metals market. For instance, in the fourth quarter last year, demand for steel in the country dropped lower than analysts’ expectations, and in the case of iron ore, the stage is set for low prices and growing...
