Warren Buffett’s Berkshire Hathaway owns 7.7% of BYD, according to Hong Kong Stock Exchange figures. … [+] Photographer: Daniel Acker/Bloomberg © 2021 Bloomberg Finance LP BYD, the Shenzhe...
Tag: China
Mainland China Outperforms, Meituan Earnings Highlight Strong Growth Despite Lockdowns
China Last Night KraneShares Asian equities were mixed but mostly lower overnight though Mainland China was an outlier to the upside. Real estate and energy were bright spots in both Hong Kong and Mai...
Navy’s Robotic Orca Submarine Could Be A Gamechanger In The Pacific
The U.S. Navy has embarked on a campaign to assimilate unmanned warships into its fleet of combat vessels. The unmanned warships come with diverse forms and features, but the most promising at present...
Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While...
China Carries Out ‘Readiness Patrol’ Near Taiwan As Taipei Touts Growing Cooperation With Washington
Topline China’s military on Wednesday said it had carried out “multi-service joint combat readiness patrols” near Taiwan while officials in Taipei made an effort to highlight their growing security ti...
Communist Party, Military Themes Help Struggling Alibaba Entertainment Unit Turn A Profit
Alibaba Group’s billionaire main founder Jack Ma at a “Tech for Good” summit in 2019. He’s kept a … [+] low profile of late. (Photo by Chesnot/Getty Images) Getty Images ...
Weibo Earnings Negate Investor Pessimism
China Last Night KraneShares Key News Asian equities were mixed overnight following the lackluster performance on Wall Street yesterday. Internet stocks were clipped after strong performance yesterday...
No Relief In Sight For Gas Prices Or Biden
LONG BEACH, CALIFORNIA – MARCH 07 : In this composite image taken at the same gasoline station … [+] 43-years apart, the price differences are reflected decades later. Top photo, taken May...
Nio May 2022 sales constrained by Covid; XPeng, Li Auto gain ground
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Chinese electric vehicle maker Nio delivered more than 7,000 vehicles in May, up 4.7% from a year ago but...
China EV Sales: Nio Stock, Xpeng, Li Auto And BYD Rally Ahead Of May Deliveries Data
Nio (NIO), Xpeng (XPEV) and Li Auto (LI) will report May EV sales this week, as well as Chinese EV and battery giant BYD (BYDDF). Sales are expected to bounce back somewhat after a dismal April, in wh...
China Stocks And Shanghai Dwellers Enjoy Big Day As Stringent Lockdowns Ease
Residents gather to celebrate the lifting of a Covid-19 lockdown after midnight on June 1 in … [+] Shanghai. Shanghai authorities say they will take major steps Wednesday toward reopening China&...
These charts show Russia’s invasion of Ukraine has changed global oil
European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country’s oil, altering global...
China Might Strictly Regulate Crypto Space After Terra Collapse
4 hours ago | 2 mins read Editors News Colin Wu, a China crypto reporter, said the Chinese government could implement even stronger restrictions or even ban stablecoins. Due to the collapse of the Ter...
Three Lessons From Tom Cruise’s $300 Million Debut
Tom Cruise in ‘Top Gun: Maverick’ Paramount and Skydance With rave reviews, an A+ Cinemascore grade and a jaw-dropping $160.5 million four-day domestic gross and $300 million worldwide as ...
PMIs Beat, Technology Leads Gains
China Last Night KraneShares Key News Asian equities were mostly higher overnight as Hong Kong and Mainland China led gains in the region following the Memorial Day holiday in the US. It was a good da...
China a ‘very important customer’, says Saudi Arabia, as global oil supply worries grow
Saudi Arabia is committed to supplying crude oil to China and interested in collaborating with the world’s No 2 economy on issues ranging from climate change to curbing inflation, says the Gulf ...
Maybe Things Aren’t That Bad For The Stock Market After All
the dark clouds part getty So was last week’s 6.6% market advance a head fake after six weeks of red ink for the S&P 500? Odds are that May’s last full week was an interlude in the steady downtren...
China Uses CBDC To Show Its Big Panda Paw With A Shenzhen e-CNY Lottery.
With another wave of the COVID-19 pandemic leading to new lockdown measures, the Chinese economy has witnessed a hit in recent months. Beijing has delivered the policy support. Now, the Chinese gover...
China state media signals tighter crypto regulations in Terra aftermath
The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Ter...
China to Airdrop 30 Million Digital Yuan to Increase Consumer Spending – crypto.news
The city of Shenzhen will be airdropping 30 million digital yuan to residents as a way to increase people’s consumption and support businesses. Shenzhen Residents to Receive 30 Million Digital Yuan ...
China Plans To Airdrop Digital Yuan To Boost Its Pandemic Hit Economy
China’s City of Shenzhen has decided to airdrop 30 million digital Chinese Yuan (e-CNY) in red envelops with the help of a lotter program. This move will be introduced in order to revive consumer spen...
China faces a nearly $1 trillion funding gap. It will need more debt to fill it.
During the first four months of the year, investment in real estate development fell by 2.7% from a year ago. Pictured here is a project in Qingzhou, Shandong province, on May 15, 2022. CFOTO | Future...
China to Airdrop $4.5 Million in e-CNY to Shenzhen Residents to Bolster Local Economy
The Chinese authorities will reportedly give away 30 million yuan ($4.5 million) in e-CNY to Shenzhen’s residents on Monday in a bid to boost its pandemic-hit economy. The latest endeavor has also sho...
China will gift digital yuan to its citizens to boost the economy after the lockdown
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shang...
China to gift citizens 90M digital yuan via lottery to restart economy
? Want to work with us? CryptoSlate is hiring for a handful of positions! Three Chinese provinces have announced plans to disburse roughly 90 million yuan among citizens in the form of digital yuan (e...
China Will Airdrop Digital Yuan to Boost Locked Down Economy
China’s Shenzhen district will distribute 30 million digital yuan via red envelopes through a lottery program in a bid to boost the local economy affected by lockdowns. Shenzhen Municipal Bureau of Co...
Stock Market Today: Global Stocks, U.S. Futures Move Higher on Memorial Day
Text size Stock and bond trading will resume on Wall Street on Tuesday after Memorial Day. Ed Jones/AFP via Getty Images Global stocks and U.S. futures rose on Monday amid a quiet day for markets due ...
Stepn to block mainland China users in compliance with regulators, SCMP says
Solana-based “move-to-earn” game Stepn will block users in mainland China as required by the authorities there, the South China Morning Post reported on Friday. Stepn is an Australia-based company tha...
Move-to-Earn Stepn Moves Out of China, Looks to Wider Market
Stepn, a recently hyped move-to-earn game built on Solana, disclosed on Friday that it will suspend its presence in China in mid-July. Stepn will stop providing GPS (global positioning system) service...
Amundi Turning Bullish on China Stocks, Still Cautious on Tech
(Bloomberg) — Investors should be ready for China’s stocks to outperform as potential positive catalysts loom, according to Europe’s largest asset manager Amundi SA. Most Read from Bloomberg The...
Brent crude hits two-month high as China lifts COVID restrictions. Analyst predicts $124/barrel is next.
Brent crude surged to levels not seen in two months on Monday, as easing COVID restrictions in China’s biggest cities drove fresh hopes for demand. U.S. markets will be closed on Monday in observance ...