$GEELY AUTOMOBILE HOLDINGS LIMITED(GELYF.US)$The search engine firm, generally considered one of China’s leaders in AI development, fell as much as 10 per cent on Monday (Jan 15), deepening losses from US trading on Friday. Traders in Hong Kong cited a South China Morning Post report about how a university affiliated with the People’s Liberation Army’s (PLA) Strategic Support Force – which oversees cyberwarfare – had tested it...
1. Mixed Inflation Signals: China’s consumer price index (CPI) fell 0.3% in December, slightly better than the 0.4% decline expected by the market. It’s the third straight month of negative CPI growth, pointing to deflation that’s not getting worse but becoming stickier. China’ Producer Price Index (PPI) for the month fell 2.7%, slightly worse than the 2.6% decline expected.$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$ 2. Trade Surplu...
$GEELY AUTOMOBILE HOLDINGS LIMITED(GELYF.US)$$吉利汽车(00175.HK)$According to AJ, Chinese auto giant Geely's electric vehicle subsidiary, Polestar, reported dismal sales figures for Q4 2023, with deliveries plummeting by 7.9% from Q3 and by a staggering 13.2% trailing 12 months basis (Sep to Dec). Quote: This latest setback raises concerns about Polestar's future prospects and casts a shadow over Geely's upcoming IPO of anot...
1. Temu Challenges US Discount Stores: - Pinduoduo's Temu app captures 17% of November's discount store category sales, competing with Dollar General and Dollar Tree. - Online Temu's offerings under $10 target ultra-low priced retailers. Concerns about forced labor arise, but it operates similarly to Amazon, eBay, or Alibaba. $PDDホールディングス(PDD.US)$$阿里巴巴集団(09988.HK)$$アリババ・グループ・ホールディング(BABA.US)$$アマゾン ドット コム(AMZN.US)$$イーベイ(EBAY.US)$ ...
1. US Commerce Secretary Gina Raimondo spent a second day in China stabilizing bilateral relations with its third-largest trading partner. The two nations agreed to set up a joint working group for the first time in three years, which includes representatives from the government and private sector. The group agreed to meet twice a year, with the first meeting to be held in Washington in early 2024. The US and China also agreed to set...
RocketBulldozerwhqqq:
BYD brand perception in China is a cheap car with low brand perception. More frequently sold as Private hire cars, rental cars and Taxis. If the other brands offer a better deal why not? Wonder which consumer would buy a Taxi without the heavy subsidies? BYD is trying too hard to go into the Premium category with a cheap mindset. Wonder who would buy those cars when Tesla and other brands are slashing their prices
$シャオペン(XPEV.US)$$リー・オート(LI.US)$$GEELY AUTOMOBILE HOLDINGS LIMITED(GELYF.US)$ The state council held a meeting to discuss methods to boost the automobile industry in China. These include creating a second-hand car market, promoting the renewal of automobile contracts, supporting the purchase of electric vehicles, improving their parallel import policy and supporting the construction of more parking lots.
broad-minded Fox_546 : High volume of short in Baidu .