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Market Chatter: JD.com, Xiaomi, Alibaba Record High Sales During 618 Festival
Online shopping platforms in China logged high sales during the 618 shopping festival, Yicai Global reported Wednesday. The number of orders receive by JD.com's (HKG:9618) livestreaming platform tripl
China's EV Sales Set to Soon Surpass Traditional Auto Sales
0405 GMT - China's electric-vehicle sales will soon surpass internal-combustion-engine cars sales, HSBC Global Research analysts write in a note. China's EV penetration rate is 47% in May, China Passe
China NEV Retail at 314,000 in Jun 1-16, Down 4% From Same Period Last Month
China's retail penetration of NEVs was 49.52 percent for June 1-16, and 40.99 percent year-to-date. The post China NEV retail at 314,000 in Jun 1-16, down 4% from same period last month appeared first on CnEVPost. For more articles, please visit CnEVPost.
Hong Kong Shares Rebound 2.9% Amid Positive Sentiment
Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate
Market Chatter: Xiaomi Sacks LatAm, Europe Managers for Alleged Bribery, Deal Forgery
Xiaomi (HKG:1810) terminated its general managers for the Western Europe and Latin American divisions due to allegations of deal fabrication and bribery, Yicai Global reported Monday. The electronics
IDC: In the first quarter, global Asia vets camera shipments were 31.53 million units, a year-on-year increase of 10.3%.
According to a report recently released by IDC, the global smart camera market, including consumer indoor and outdoor cameras and operator channels, shipped 31.53 million units in the first quarter, a year-on-year increase of 10.3%. In terms of shipment areas, the US market accounted for 41.4% of global shipments with 13.06 million units, followed by China with 11.38 million units, accounting for 36.1% of the global market. The smart camera market accelerated its recovery in the first quarter due to product upgrades, coupled with the increase in demand for caretaking brought by the recovery of post-epidemic travel frequencies. Hangzhou Hikvision Digital Technology is the global market leader (00241.