Etiqueta: Alibaba

Chinese automakers, like BYD Co and Xiaomi Corp, are using livestreaming to attract younger buyers and showcase their technology and performance, following in Tesla's footsteps. This approach is cost-effective and allows for direct engagement with potential customers.

How Are BYD, Xiaomi And Nio Boosting Car Sales?

TIANJIN, China, June 21, 2024 (GLOBE NEWSWIRE) -- The World Intelligence Expo 2024 kicked off on June 20 in northern Chinese port city Tianjin. For the first time in the expo's history, it was jointly hosted by Tianjin and western inland city Chongqing. A Media Snippet accompanying this announcement is available by clicking on this link. The four-day expo, themed "Intelligence: Extensive Development Space, Sustainable Growth Driver" is a high-end, international, professional, and market-oriented

Five of the championship’s 13 sponsors come from China, as these companies look abroad amid slow growth at home.

Asian equities were lower overnight as Japan significantly underperformed and closed lower by almost -2%, though volumes in the region were light due to market holidays.

BYD Company Limited's aggressive expansion into global markets with affordable EV options could threaten Tesla and others. Learn more on BYDDF stock here.

An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy. From coffee to cars to clothes, China's discount retailers have cut prices on just about everything as they chase a consumer whose confidence has been battered by a property crisis, high unemployment and a gloomy economic outlook. "If this situation continues, China may end up with what we call a vicious cycle: lower value added consumption, deflation, low profit rates leading to low wages, which further pushes consumers to downgrade their consumption," said He-Ling Shi, an economics professor at Monash University in Melbourne.

Chinese autonomous driving firm Minieye Technology, backed by Alibaba Group Holding CEO Eddy Wu Yongming, has submitted to go public on the Hong Kong stock exchange, becoming the latest mainland self-driving tech firm looking to float on the city's bourse. The company had gone through at least 17 rounds of fundraising before submitting its prospectus on May 27. It is looking to raise US$150 million, the International Financial Review reported. The company has not revealed a target valuation, say

Tesla no quiere que sus proveedores fabriquen todos sus productos en China y Taiwán y trata de evitar interrupciones causadas por incertidumbres geopolíticas.