Mexican government discontinues offering incentives to Chinese electric vehicle firms, including $BYD COMPANY(01211.HK$ , due to pressure from the United States.
Senior Mexican officials met with BYD executives in January and decided to cease incentives previously provided.
President Biden's administration aims to prevent an influx of Chinese cars into the market, citing national security concerns.
Despite rumors of BYD seekin...
Senior Mexican officials met with BYD executives in January and decided to cease incentives previously provided.
President Biden's administration aims to prevent an influx of Chinese cars into the market, citing national security concerns.
Despite rumors of BYD seekin...
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$XIAOMI-W(01810.HK$ founder Lei Jun reveals at a live event that Xiaomi SU7 sales are 3-5 times higher than expected.
Official version of Xiaomi SU7 available for pick-up ahead of schedule.
Lei Jun denies plans for SUV launch and addresses concerns over cost performance of Xiaomi cars.
$Huawei Hongmong(BK0795.SH$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $NIO Inc. USD OV(NIO.SG$ $NIO-SW(09866.HK$ $XPENG-W(09868.HK$ $XPeng(XPEV.US$ $Tesla(TSLA.US$
Official version of Xiaomi SU7 available for pick-up ahead of schedule.
Lei Jun denies plans for SUV launch and addresses concerns over cost performance of Xiaomi cars.
$Huawei Hongmong(BK0795.SH$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $NIO Inc. USD OV(NIO.SG$ $NIO-SW(09866.HK$ $XPENG-W(09868.HK$ $XPeng(XPEV.US$ $Tesla(TSLA.US$
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$LI AUTO-W(02015.HK$ opened descending 2.3%, $XPENG-W(09868.HK$ opened diving 4.5%, $GEELY AUTO(00175.HK$ opened dropping 0.9%, and $BYD COMPANY(01211.HK$ opened lowering 0.4%. $NIO-SW(09866.HK$ meanwhile opened 0.3% higher.
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Hong Kong stocks opened softly this morning. $Hang Seng Index(800000.HK$ opened falling 139 points or 0.9% at 16,246, $Hang Seng China Enterprises Index(800100.HK$ opened dropping 58 points or 1% at 5,745, and $Hang Seng TECH Index(800700.HK$ opened declining 48 points or 1.4% at 3,308.
Techs were under pressure, with $TENCENT(00700.HK$ opening 0.3% lower. $BABA-SW(09988.HK$ reduced its holdings in $CLOUD MUSIC(09899.HK$ by 2.2 million shares over th...
Techs were under pressure, with $TENCENT(00700.HK$ opening 0.3% lower. $BABA-SW(09988.HK$ reduced its holdings in $CLOUD MUSIC(09899.HK$ by 2.2 million shares over th...
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S&P Ratings raises the outlook for $MEITUAN-W(03690.HK$ to positive, as the food-delivery giant plans to narrow losses in its new business and better financial discipline could improve profitability and cash flow visibility.
S&P's base case assumes adjusted EBITDA will grow more than 40% to 36 billion yuan in 2024, largely aided by lower losses at Meituan Select, the community group buying business.
$Hang Seng Index(800000.HK$ $Hang Seng TECH Index(800700.HK$ $Meituan ADR(MPNGY.US$ $KraneShares CSI China Internet ETF(KWEB.US$
S&P's base case assumes adjusted EBITDA will grow more than 40% to 36 billion yuan in 2024, largely aided by lower losses at Meituan Select, the community group buying business.
$Hang Seng Index(800000.HK$ $Hang Seng TECH Index(800700.HK$ $Meituan ADR(MPNGY.US$ $KraneShares CSI China Internet ETF(KWEB.US$
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JD Group's founder, Liu Qiangdong, hosted his first procurement livestream for JD Home Appliances & Home Furnishings on the evening of April 16th.
The livestream featured an AI digital human named "Procurement Officer Mr. Dong."
Within 40 minutes of the livestream's start, the overall order volume exceeded 100,000, with over 20 million viewers in less than an hour.
The total turnover of the livestream surpassed RMB50 million.
$JD.com(JD.US$ $JD-SW(09618.HK$ $BABA-SW(09988.HK$ $Alibaba(BABA.US$ $Hang Seng Index(800000.HK$ $KraneShares CSI China Internet ETF(KWEB.US$
The livestream featured an AI digital human named "Procurement Officer Mr. Dong."
Within 40 minutes of the livestream's start, the overall order volume exceeded 100,000, with over 20 million viewers in less than an hour.
The total turnover of the livestream surpassed RMB50 million.
$JD.com(JD.US$ $JD-SW(09618.HK$ $BABA-SW(09988.HK$ $Alibaba(BABA.US$ $Hang Seng Index(800000.HK$ $KraneShares CSI China Internet ETF(KWEB.US$
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MEITUAN is venturing into drone delivery services, operational in Shanghai and Shenzhen across 11 districts. Vice President Mao Yiannian anticipates five years for substantial commercialization, with Hong Kong expansion potential. MEITUAN's drones are designed for safety, equipped with parachutes and multiple motors for extreme weather conditions.
$MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$ $KraneShares CSI China Internet ETF(KWEB.US$ $Hang Seng Index(800000.HK$ $Hang Seng TECH Index(800700.HK$
$MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$ $KraneShares CSI China Internet ETF(KWEB.US$ $Hang Seng Index(800000.HK$ $Hang Seng TECH Index(800700.HK$
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XIAOMI's upcoming investor day could be a significant catalyst, according to Morgan Stanley.
Management's presentation is anticipated to bolster investor confidence in both its smartphone and electric vehicle (EV) ventures.
In the base case scenario, XIAOMI's non-EV earnings are projected to hit around RMB25 billion, with manageable EV losses of about RMB12 billion, potentially lifting the group's share price by 1-3%.
A bullish outlook s...
Management's presentation is anticipated to bolster investor confidence in both its smartphone and electric vehicle (EV) ventures.
In the base case scenario, XIAOMI's non-EV earnings are projected to hit around RMB25 billion, with manageable EV losses of about RMB12 billion, potentially lifting the group's share price by 1-3%.
A bullish outlook s...
2
CPCA: CHINA NEV RETAIL SALES REACH 260,000 FROM APRIL 1-14, UP 32% Y/Y
$NIO Inc(NIO.US$ $NIO-SW(09866.HK$ $NIO Inc. USD OV(NIO.SG$ $XIAOMI-W(01810.HK$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $Tesla(TSLA.US$ $XPENG-W(09868.HK$ $XPeng(XPEV.US$ $LI AUTO-W(02015.HK$ $Li Auto(LI.US$
$NIO Inc(NIO.US$ $NIO-SW(09866.HK$ $NIO Inc. USD OV(NIO.SG$ $XIAOMI-W(01810.HK$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $Tesla(TSLA.US$ $XPENG-W(09868.HK$ $XPeng(XPEV.US$ $LI AUTO-W(02015.HK$ $Li Auto(LI.US$
Furthermore, given the strong export demand and better-than-expected economic growth in the first quarter, UBS has also raised its export growth forecast (in US dollars) for 2024 from 1.2% to 3.5%, predicting that net exports will boost real GDP growth by 0.5 percentage points.
$Tencent(TCEHY.US$ $TENCENT(00700.HK$ $Alibaba(BABA.US$ $BABA-SW(09988.HK$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US$ $KraneShares CSI China Internet ETF(KWEB.US$ $SSE Composite Index(800146.HK$ $CSI 300(BK20861.HK$ $Hang Seng China Enterprises Index(800100.HK$
$Tencent(TCEHY.US$ $TENCENT(00700.HK$ $Alibaba(BABA.US$ $BABA-SW(09988.HK$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US$ $KraneShares CSI China Internet ETF(KWEB.US$ $SSE Composite Index(800146.HK$ $CSI 300(BK20861.HK$ $Hang Seng China Enterprises Index(800100.HK$
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