Category: T1
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Huawei Sees Profit Jump 564%
Huawei Technologies’ net profit rose 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, according to a regulatory statement by its parent firm. [more…]
China GDP Growth 5.3% in Q1, Beats Estimates
China’s economy exceeded forecasts in the first quarter, with a 5.3% annual growth in GDP, fueled by robust exports and manufacturing investment. Reduced domestic demand [more…]
Alibaba Cancels Cainiao Hong Kong IPO
Alibaba cancelled its intended Hong Kong initial public offering (IPO) for its logistics division, Cainiao. Alibaba intends to pay up to $3.75 billion for Caniao [more…]
Largest Cut to Key Mortgage Rate Since 2019
China has lowered its prime loan rate for five-year loans by 25 basis points, to 3.95%, which is the biggest decrease since 2019. By lowering the [more…]
Premier Li Qiang: China GDP Grows 5.2%
According to Premier Li Qiang’s statement on Tuesday at the World Economic Forum in Davos, Switzerland, China’s GDP is predicted to rise by 5.2% in [more…]
China Increases Regulation On LGFV Offshore Bonds
Chinese regulators have closed a regulatory gap that allowed highly indebted local government finance vehicles (LGFVs) to expand borrowing last year by ordering LGFVs to [more…]
China’s Imports of Lithography Equipment increase 1050%
China’s semiconductor manufacturer’s imports of foreign lithography equipment has increased by 1050% in November, despite US restrictions. In November, China imported 16 units of lithography [more…]
Shein Seeks to Go Public in US IPO
Chinese fast-fashion company Shein has submitted an initial public offering (IPO) application to a securities regulator in the United States. The company, which was recently [more…]
Alibaba Cloud is used by 80% of Chinese Tech Companies
With half of the nation’s AI language model businesses and 80% of tech companies already using the platform, Alibaba Cloud is cementing its position as [more…]
XPeng to Roll Out Self-Driving in 50 More Cities
Chinese EV start-up Xpeng plans to expand its advanced driver assistance system (ADAS) to 50 mainland cities by the year-end and nationwide by the end [more…]
