SeabeeMechanic
reacted to
In February 2024, Temu, the cross-border e-commerce platform of PDD, established a branch in South Korea. However, it opted to initiate only overseas online shopping intermediary services there, as reported by Yonhap News Agency.
Temu has not stationed permanent staff in South Korea nor conducted recruitment directly. Instead, it operates through publicity agencies. Unlike Alibaba's AliExpress, Temu does not intend...
Temu has not stationed permanent staff in South Korea nor conducted recruitment directly. Instead, it operates through publicity agencies. Unlike Alibaba's AliExpress, Temu does not intend...
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SeabeeMechanic
reacted to
Automakers $LI AUTO-W(02015.HK$ and $XPENG-W(09868.HK$ elevated 4.4% and 3.7%. $BYD COMPANY(01211.HK$ rise 0.37%, $NIO-SW(09866.HK$ +0.42%. $Tesla(TSLA.US$ +15%.
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SeabeeMechanic
reacted to
$XIAOMI-W(01810.HK$ sent a number of positive messages to the market at the Investor Day, JPMorgan issued a research report saying.
Electric vehicle (EV) momentum beats expectations, with positive gross profit margin (GPM) expected in 2024 and a possible 5-10% GPM in 2025, while operating expenses are also under control.
XIAOMI expects smartphone sales to grow by around 10%, and average selling price (ASP) to continue to ris...
Electric vehicle (EV) momentum beats expectations, with positive gross profit margin (GPM) expected in 2024 and a possible 5-10% GPM in 2025, while operating expenses are also under control.
XIAOMI expects smartphone sales to grow by around 10%, and average selling price (ASP) to continue to ris...
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SeabeeMechanic
reacted to
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SeabeeMechanic
reacted to
Hong Kong stocks followed the downward trend of external and A-share markets. $Hang Seng Index(800000.HK$ tumbled 351 points or 2.1% to close at 16,248. $Hang Seng China Enterprises Index(800100.HK$ decreased 112 points or 1.9% to close at 5,743. $Hang Seng TECH Index(800700.HK$ plummeted 104 points or 3% to close at 3,337. Total turnover for the day was $114.58 billion.
Technology stocks $TENCENT(00700.HK$ lowered 0.9% to $301.8, while $BABA-SW(09988.HK$...
Technology stocks $TENCENT(00700.HK$ lowered 0.9% to $301.8, while $BABA-SW(09988.HK$...
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SeabeeMechanic
reacted to
The mainland China stock market opened higher on Monday after the government renewed the nine key policies for the capital market and state wealth fund Central Huijin increased stakes in China's Big Four banks last Friday.
$SSE Composite Index(800146.HK$+0.5%, while $Hang Seng Index(800000.HK$ -1.2%.
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $Tencent(TCEHY.US$ $XIAOMI-W(01810.HK$ $MEITUAN-W(03690.HK$
$SSE Composite Index(800146.HK$+0.5%, while $Hang Seng Index(800000.HK$ -1.2%.
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $Tencent(TCEHY.US$ $XIAOMI-W(01810.HK$ $MEITUAN-W(03690.HK$
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SeabeeMechanic
reacted to
MEITUAN announced internal restructuring, scrapping its direct business division.
The company introduced an urban operation business division, led by Huang Xiaoqin, focusing on white-collar direct-sale city and city merchant operations.
Wu Min retains leadership of the former school campus business division within the direct business department.
$MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$ $Hang Seng Index(800000.HK$ $KraneShares CSI China Internet ETF(KWEB.US$
The company introduced an urban operation business division, led by Huang Xiaoqin, focusing on white-collar direct-sale city and city merchant operations.
Wu Min retains leadership of the former school campus business division within the direct business department.
$MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$ $Hang Seng Index(800000.HK$ $KraneShares CSI China Internet ETF(KWEB.US$
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SeabeeMechanic
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CHINA MOFCOM ISSUED PLANS TO PROMOTE TRADE-IN PROGRAMS FOR CONSUMER GOODS, AIMING TO INCREASE SECOND-HAND VEHICLE TRANSACTIONS BY 45% BY 2027 VS 2023.
CHINA WILL OFFER SUBSIDIES TO CAR OWNERS WHO SCRAP OUTDATED CARS AND REPLACE THEM WITH NEVS.
$NIO Inc(NIO.US$ $NIO Inc. USD OV(NIO.SG$ $NIO-SW(09866.HK$ $XPeng(XPEV.US$ $XPENG-W(09868.HK$ $Tesla(TSLA.US$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $XIAOMI-W(01810.HK$ $LI AUTO-W(02015.HK$ $Li Auto(LI.US$
CHINA WILL OFFER SUBSIDIES TO CAR OWNERS WHO SCRAP OUTDATED CARS AND REPLACE THEM WITH NEVS.
$NIO Inc(NIO.US$ $NIO Inc. USD OV(NIO.SG$ $NIO-SW(09866.HK$ $XPeng(XPEV.US$ $XPENG-W(09868.HK$ $Tesla(TSLA.US$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $XIAOMI-W(01810.HK$ $LI AUTO-W(02015.HK$ $Li Auto(LI.US$
3
SeabeeMechanic
reacted to
Chinese officials directed the nation’s largest telecom carriers to phase out foreign processors that are core to their networks by 2027, a move that would hit American chip giants Intel $Intel(INTC.US$ and Advanced Micro Devices $Advanced Micro Devices(AMD.US$ , WSJ reports.
$NVIDIA(NVDA.US$ $Taiwan Semiconductor(TSM.US$ $SMIC(00981.HK$ $SENSETIME-W(00020.HK$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $KraneShares CSI China Internet ETF(KWEB.US$
$NVIDIA(NVDA.US$ $Taiwan Semiconductor(TSM.US$ $SMIC(00981.HK$ $SENSETIME-W(00020.HK$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $KraneShares CSI China Internet ETF(KWEB.US$
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SeabeeMechanic
reacted to
Exports -3.8% y/y
Imports +2.0% y/y
Exports -7.5% y/y, Est. -3.0%
Imports -1.9% y/y, Est. +1.2%
EXPORTS +4.9% TO 5.74 TL...
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