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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The chairman of Chinese battery giant CATL, Robin Zeng, a key Tesla battery supplier, also visited Musk's hotel on Monday, according to a Reuters witness.
$Contemporary Amperex Technology(300750.SZ$ $Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO-SW(09866.HK$
$Contemporary Amperex Technology(300750.SZ$ $Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO-SW(09866.HK$
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Underpinning the latest acceleration in manufacturing sector growth was better demand conditions.
Incoming new orders expanded at the fastest pace in over a year, supported by improvements in underlying demand conditions and marketing efforts from manufacturers.
Additionally, new orders from abroad expanded at the fastest pace since December 2020. Global market demand improved at the start of the second quarter.
In turn, Chinese manufacturers raised their production levels at the...
Incoming new orders expanded at the fastest pace in over a year, supported by improvements in underlying demand conditions and marketing efforts from manufacturers.
Additionally, new orders from abroad expanded at the fastest pace since December 2020. Global market demand improved at the start of the second quarter.
In turn, Chinese manufacturers raised their production levels at the...
2
Small-size business activity steady at 50.3%
The large enterprise PMI rose to 50.3%, down 0.8 pp.
The medium-sized enterprise PMI 50.7%, up 0.1 pp.
$BABA-SW(09988.HK$ $TENCENT(00700.HK$ $SENSETIME-W(00020.HK$ $BYD COMPANY(01211.HK$ $XPENG-W(09868.HK$
The large enterprise PMI rose to 50.3%, down 0.8 pp.
The medium-sized enterprise PMI 50.7%, up 0.1 pp.
$BABA-SW(09988.HK$ $TENCENT(00700.HK$ $SENSETIME-W(00020.HK$ $BYD COMPANY(01211.HK$ $XPENG-W(09868.HK$
3
China April Caixin Manufacturing PMI 51.4 [Est.51.0 Prev.51.1]
$XPENG-W(09868.HK$ $BYD COMPANY(01211.HK$ $NIO-SW(09866.HK$ $Tesla(TSLA.US$ $SENSETIME-W(00020.HK$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $BIDU-SW(09888.HK$ $NASDAQ Golden Dragon China(.HXC.US$
$XPENG-W(09868.HK$ $BYD COMPANY(01211.HK$ $NIO-SW(09866.HK$ $Tesla(TSLA.US$ $SENSETIME-W(00020.HK$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $BIDU-SW(09888.HK$ $NASDAQ Golden Dragon China(.HXC.US$
2
China AMC Bitcoin ETF +2.5%.
Harvest Bitcoin ETF +2.85%.
Bosera HashKey Bitcoin ETF +2.66%.
$ChinaAMC Bitcoin ETF(03042.HK$ $Bitcoin(BTC.CC$ $Dogecoin(DOGE.CC$ $Ethereum(ETH.CC$ $Coinbase(COIN.US$ $Hang Seng TECH Index(800700.HK$ $KraneShares CSI China Internet ETF(KWEB.US$
Harvest Bitcoin ETF +2.85%.
Bosera HashKey Bitcoin ETF +2.66%.
$ChinaAMC Bitcoin ETF(03042.HK$ $Bitcoin(BTC.CC$ $Dogecoin(DOGE.CC$ $Ethereum(ETH.CC$ $Coinbase(COIN.US$ $Hang Seng TECH Index(800700.HK$ $KraneShares CSI China Internet ETF(KWEB.US$
2
Business production continues to accelerate. The production index stands at 52.9%, a rise of 0.7 percentage points from the previous month, the highest since April 2023, indicating a slight acceleration in the expansion of manufacturing enterprises.
The new order index is at 51.1%, a decrease of 1.9 percentage points from the previous month, but still within the expansion zone, indicating that the market demand for manufacturing continues to recover.
Looking at external ...
The new order index is at 51.1%, a decrease of 1.9 percentage points from the previous month, but still within the expansion zone, indicating that the market demand for manufacturing continues to recover.
Looking at external ...
3
China April official PMI
Manufacturing PMI 50.4 [Est.50.3 Prev.50.8]
Non-Manufacturing PMI 51.2 [Est.52.2 Prev.53.0]
Composite PMI 51.7 [Prev.52.7]
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $Tencent(TCEHY.US$ $XIAOMI-W(01810.HK$ $Huawei Hongmong(BK0795.SH$ $PDD Holdings(PDD.US$ $KraneShares CSI China Internet ETF(KWEB.US$
Manufacturing PMI 50.4 [Est.50.3 Prev.50.8]
Non-Manufacturing PMI 51.2 [Est.52.2 Prev.53.0]
Composite PMI 51.7 [Prev.52.7]
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $Tencent(TCEHY.US$ $XIAOMI-W(01810.HK$ $Huawei Hongmong(BK0795.SH$ $PDD Holdings(PDD.US$ $KraneShares CSI China Internet ETF(KWEB.US$
Translated
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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%.
3
$Hang Seng Index(800000.HK$ opened 96 points or 0.5% higher at 17,843. $Hang Seng China Enterprises Index(800100.HK$ opened 30 points or 0.5% higher at 6,313. $Hang Seng TECH Index(800700.HK$ opened 30 points or 0.8% higher at 3,744.
For techs, $BABA-SW(09988.HK$ , $TENCENT(00700.HK$ , $MEITUAN-W(03690.HK$ , $XIAOMI-W(01810.HK$ and $NTES-S(09999.HK$ gained 0.6-1.3%, while $JD-SW(09618.HK$ slipped 0.8%. $BIDU-SW(09888.HK$ and $SENSETIME-W(00020.HK$ slipped 0...
For techs, $BABA-SW(09988.HK$ , $TENCENT(00700.HK$ , $MEITUAN-W(03690.HK$ , $XIAOMI-W(01810.HK$ and $NTES-S(09999.HK$ gained 0.6-1.3%, while $JD-SW(09618.HK$ slipped 0.8%. $BIDU-SW(09888.HK$ and $SENSETIME-W(00020.HK$ slipped 0...
2