China Last Night KraneShares Key News Asian equities were largely higher overnight except for Mainland China and Hong Kong, which were mixed. Over the weekend, China’s State Council recommended eight ...
Tag: BYD
Hong Kong Internet Stocks Bounce As Alibaba’s Singles Day Kicks Off
China Last Night KraneShares Key News Asian equities were mixed overnight as the Asia dollar index made another 52-week low. Please see our take on yesterday’s market volatility using the below link: ...
Chinese EV stocks Nio, BYD, Li Auto, Xpeng fell sharply amid selloff
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio U.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic sell-off Monday,...
Hong Kong Sees Strong Inflows From Mainland Investors, Week In Review
China Last Night KraneShares Week in Review Asian equities had a choppy week of trading as Mainland investors poured into Hong Kong stocks, awaiting the results of the 20th National Party Congress (NP...
European Auto Makers Face 2023 Profit Hit While Industry Seeks China Import Action
The rear of a DS E-Tense Performance electric concept car at the Paris Motor Show. The biennial … [+] Paris Motor Show is also known as the Mondial de l’automobile. Photographer: Nathan La...
U.S. Dollar Takes Center Stage
Key News Asian equities were mixed overnight on light volumes despite a strong U.S. equity performance yesterday with Hong Kong, China, South Korea, and Taiwan underperforming. Macro took center stage...
Healthcare Stocks Rise In Hong Kong And China; BYD Forecasts +300% Net Profit Increase
China Last Night KraneShares Key News Asian equity markets finished higher overnight as China closed mixed, which followed a strong rally in US stocks yesterday. President Xi’s Sunday speech emphasize...
EV Sales Boom May Nearly Quadruple Warren Buffett-Backed BYD’s Nine-Month Profit
BYD, China’s EV leader, is making a push into overseas markets with its Atto 3 electric sport … [+] utility vehicle model. Photographer: Kiyoshi Ota/Bloomberg © 2022 Bloomberg Finance LP ...
Party Congress Speech Prioritizes The Economy
Key News Asian equities were largely higher overnight though Japan, Taiwan, and Australia were down. The key news was President Xi’s two-hour Sunday speech, which kicked off the week-long Party Congre...
China EV Leader BYD Enters India’s Passenger Car Market As Part Of Global Push
BYD is expanding beyond China. BYD BYD, one of the world’s largest EV makers, this week entered India’s passenger car market as part of larger push to more than double its distributor network in the w...
Mainland Investors Buy Hong Kong Stocks As Short Selling Continues
China Last Night KraneShares Key News Asian equities were down on light volumes in advance of today’s US CPI print, with Thailand on holiday. The Asia dollar currency index gained as the US dollar sli...
Sales Fall Again In September At China SUV Leader Great Wall
Wei Jianjun, chairman of Great Wall Motor, in 2019. Photographer: Paul Yeung/Bloomberg © 2019 Bloomberg Finance LP Sales lagged again in September at China’s once high-flying SUV leader Great Wall Mot...
Apple Suppliers Off As Tencent Denies Divestment Article
China Last Night KraneShares Key News Asia was risk off on light volumes before today’s Fed rate hike and more saber-rattling from Putin, which led to China calling for a ceasefire. Hong Kong-listed i...
BYD’s Thailand Factory Plan Underscores How China’s EV Industry Is Going Global
Warren Buffett-backed BYD was the world’s top maker of electric vehicles in the first half of 2022. … [+] Photographer: Kiyoshi Ota/Bloomberg © 2022 Bloomberg Finance LP Wednesday’s annou...
Chinese Tech Titans Are Losing Their Global Backers
Ma ”Pony” Huateng, cofounder of Tencent Holdings Ltd. (Photo by Jerome Favre/Bloomberg) © 2015 Bloomberg Finance LP China’s biggest technology companies, which had generated rich returns f...
Chinese EV giant BYD plans to build a passenger car factory in Thailand
Chinese electric car company BYD has expanded rapidly overseas, including announcements in recent months of plans to enter Thailand’s and Japan’s passenger car markets. Pictured here is a ...
Prosus Selling Weighs On Tencent Despite Buybacks
China Last Night KraneShares Key News Asian equities cheered the US dollar’s fall as it approached big psychological numbers such as China’s CNY at 7 and the Japanese Yen nearing 150. Pure speculation...
Mainland Rises On PBOC’s Currency Intervention
China Last Night KraneShares Key News Asian equities had a mixed night on light volumes following an off day yesterday. Media headlines are more negative than usual as COVID lockdowns in Chengdu and n...
Warren Buffett’s Berkshire Hathaway sells off more BYD Co. stock
Warren Buffett’s investment company Berkshire Hathaway Inc. has further pared its ownership in Chinese auto maker BYD Co. after recently disclosing that it had started selling some shares. Berkshire H...
Alibaba Prepares For PCAOB Audit Review, MSCI Rebalance Day Leads To High Volumes
China Last Night KraneShares Yesterday, U.S. China ADRs fell partly due to a Reuters article stating that Alibaba and JD.com will have PCAOB audit reviews. The “news,” which should be expe...
BYD Sinks as Buffett’s Stake Sale Fuels Fears of More to Come
(Bloomberg) — Traders rushed to sell BYD Co. after Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in the Chinese electric vehicle maker, fearing that the legendary investor may be ge...
BYD Chief Suffers $2 Billion Wealth Drop After Warren Buffett’s Berkshire Hathaway Cuts Stake
Wang Chuanfu, cofounder and chairman of BYD, attends a news conference in Hong Kong, China, on March 28, 2018. Billy H.C. Kwok/Bloomberg Wang Chuanfu, the cofounder and chief executive of BYD, saw his...
Warren Buffett Cuts Stake in China’s BYD, Spurring Bets More May Come
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co., just over a month after speculation the legendary US investor was preparing to shed his entire position in th...
Warren Buffett-Backed BYD’s Profit Tripled In First Half As EV Sales Boom
A BYD Co. logo on a Yuan sports utility vehicle (SUV) at the company’s showroom in Beijing, China, … [+] on Wednesday, Aug. 25, 2021. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Fi...
Xiaomi, World’s No. 3 Smartphone Brand, Says 2nd Qtr Profit Plunged By 83% Amid Economic Headwinds
A pedestrian in front of a Xiaomi Corp. store in Shanghai in 2021. Photographer: Qilai … [+] Shen/Bloomberg © 2021 Bloomberg Finance LP Net profit at Beijing-headquartered Xiaomi, the world’s No...
New Technology Brings New Opportunities: U.S.-China Business Forum
Zhonglu Group Vice Chairman George Wang George Wang Technology advances are bringing new ways for U.S. and China businesses to try to work together at a time of geopolitical tension, Zhonglu Group Vic...
Pandemic’s Impact On China’s Economy Is Only Short Term, U.S. Ambassador Says
Ambassador Qin Gang at the Fourth U.S.-China Business Forum. China’s Embassy to the U.S. The impact of the Covid-19 pandemic on China’s economy is only short-term, China Ambassador to the U.S. Q...
GM Outsells Tesla In July As Semiconductors & Clean Tech Outperform
Key News Asian equities were largely higher on light volumes. Japan and Hong Kong were off slightly while India (Moharram), Pakistan (Ashura), and Singapore (National Day) were closed for the holiday....
U.S.-China Business Outlook: New Paths Forward
China’s BYD, the world’s largest maker of electric vehicles, operates an electric business factory … [+] in California. (Xinhua/Li Ying via Getty Images) Xinhua News Agency via Getty...
Mainland Markets Shake It Off, Hong Kong Holds Up
China Last Night KraneShares Key News Asian equities had a positive start to the week except for Taiwan, which was off a touch. Mainland China media is reporting Nancy Pelosi is likely to visit Taiwan...