Tesla lost favour with global customers, with 18 per cent of buyers considering it their top pick last year, down from 22 per cent, according to a UBS survey Tesla's brand has lost the lustre in its ... ( read original story ...)
China’s Temu owner sees profit almost halve as US trade war hurts sales
Temu's owner PDD Holdings' net profit plunged 47 per cent year on year in the first quarter of 2025. Read more at straitstimes.com. Read more at straitstimes.com. ( read original story ...)
Muyuan, BASiC, FS.com, Seer and Worldwide file to raise capital in Hong Kong’s IPO flurry
Muyuan Foods, BASiC Semiconductor, FS.com, Shanghai Seer and Worldwide Logistics applied to raise capital, according to their statements on Wednesday Five mainland companies have filed preliminary ... ( read original story ...)
China plans commodities overhaul to attract global investors
CHINA is on the cusp of its biggest move yet to open up its vast commodities markets, after the Shanghai Futures Exchange (SHFE) unveiled an internationalisation plan to streamline access for overseas ... ( read original story ...)
China’s Temu owner sees profit almost halve as US trade war hurt sales
SHANGHAI - Chinese e-commerce giant PDD Holdings saw net profit almost halve in the first three months of 2025 as the Temu owner prepared for a blistering trade war between Beijing and Washington. The ... ( read original story ...)
Sinochem Exploring Ways to Salvage Syngenta IPO Plan, Sources Say
Sinochem Holdings Corp. is exploring ways to salvage a planned Shanghai listing of its unit ... the people said. Delaying the IPO to later this year or even next year is also among Sinochem ... ( read original story ...)
The stock market is off to another wild day after China retaliates against Trump’s massive tariffs
The index closed 1.7%, falling about 20% from a peak reached in July 2024. Markets in Taiwan also fell sharply. But the Shanghai stock market closed more than 1% higher, an outlier in a sea of red ... ( read original story ...)