Etiqueta: Alibaba

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.

Chinese technology companies like Tencent and Alibaba have grown to compete with US rivals like Amazon and Google.