Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Biden administration plans to raise tariffs on Chinese electric vehicles imports from 25 per cent to 100 per cent, as it intensifies efforts ahead of the US election to protect American industry. The administration…
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Brussels should not raise tariffs on imported Chinese electric cars, and doing so would risk “retaliation” against international brands in the country, the head of the Volkswagen brand has warned. The European Commission is investigating…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As Hong Kong’s Bitcoin ETF is fast approaching, new applications have come in from an unexpected…
Robert Way/iStock Editorial via Getty Images Alibaba Group Holding Limited (NYSE:BABA) is a company that needs little introduction. With an international presence spanning from retail to wholesale, from cloud computing to digital media, and from food delivery to venture capital, the Chinese e-commerce behemoth is difficult to ignore from either an investment or consumer standpoint,…
Nora Carol Photography/Moment via Getty Images Many of the Chinese macro headwinds I’ve been previously concerned about aren’t easing anytime soon, but that doesn’t mean the country’s equities aren’t investable at the right price. Yes, inflation readings remain negative (at consumer and producer levels) amid weak demand, and all-important property indicators (e.g., developer sales down…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The Ethiopian government is set to enter a partnership with companies from China to establish powerful…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has moved to officially limit short selling after informal efforts failed to stop a worsening stock market sell-off. Investors who buy shares will not be allowed to lend them out for short selling within…
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. Brussels is considering emergency support measures for Europe’s solar panel manufacturing industry as a flood of cheap Chinese imports threatens domestic production and industry figures warn the continent’s manufacturers are “on the brink”. Four European…
jetcityimage Wayfair Inc. (NYSE:W) is another online retailer still struggling to right-size the business for the normal sales pattern post-Covid. The online furniture platform saw a massive flood of sales in 2020 with consumers stuck at home needing furniture for home offices and students learning from home. My investment thesis is Bullish on the concept…
The sale of the newly launched Xiaomi EV will officially kick start next year at an undisclosed date. Chinese mobile phone manufacturer Xiaomi has made a foray into electric vehicle (EV) technology with the launch of its Xiaomi SU7, aiming to compete with global brands like Tesla and Porsche. The company’s billionaire co-founder Lei Jun…
Over the past few weeks, the Web3 industry has witnessed a surge in funds from major capital firms, indicating a strong belief in the growth of this emerging economy. GBA Capital Fund, one of China’s leading venture capital companies, has announced the launch of a $10 billion investment fund dedicated to the Web3 ecosystem. According…
da-kuk China’s Politburo meeting statement this month confirmed that the central government is ready to step in with expansionary fiscal policy heading into 2024. The caveat to this pro-growth stance is that any easing will be carried out “at an appropriate pace” – hardly sufficient intervention, in my view, given a backdrop of slowing growth,…
blueflames/E+ via Getty Images TH International Limited (NASDAQ:THCH) is a company that operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company is a subsidiary of Tim Hortons Inc. and is based in Shanghai, China. It was founded in 2018. I believe it is a good play on the increasing consumption…
Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO. Famous Chinese online fashion company Shein has filed to go for an IPO in the United States as part of its efforts to expand its footprint in one of the largest apparel markets…
piola666 I called out the near-term risk of China’s deterioration for Mettler-Toledo (NYSE:MTD) in my introductory article back in September. Mettler-Toledo posted a very weak Q3 FY23 result on November 9th, with a -5% decrease in revenue on a constant currency basis and a -3.7% decline in adjusted EPS year over year. I believe the…
Robert Way Alibaba Group Holding Limited (NYSE:BABA) stock’s upward momentum has stalled since my previous update in August 2023. Investors were struck with negative headwinds from China’s property market malaise, which saw BABA top out in early August. BABA then went on a massive selling spree that saw it collapse nearly 25% through its late…
The ripple effect of the Chinese market plunge has extended to other major Asian markets, with Japan’s Nikkei 225 and South Korea’s Kospi also experiencing declines. China’s stock market has hit a significant low not seen since the pre-pandemic era, rattling investors as the country grapples with various economic challenges and regulatory scrutiny. The country’s…
Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and…
da-kuk The case for China entering a ‘balance sheet recession’ (a la Japan) is stronger than ever, following a slew of poor economic data in recent months and a faltering property market. Perhaps the best rebuttal against a prolonged downturn is China’s money supply growth, which continues to run in the double digits (+10.3% YoY…
NoSystem images/iStock via Getty Images By Ed Moya US This week Wall Street will learn how quickly the US consumer is weakening and if the manufacturing part of the economy is close to entering recovery mode. The US retail sales report for September is expected to show monthly sales increased 0.3%, down from the 0.6%…
WM Motor’s struggle highlights the challenges smaller companies and new startups face in China’s fiercely competitive EV market. China’s electric vehicle (EV) landscape is witnessing a significant development as WM Motor, a notable player in the industry, officially filed for bankruptcy protection in a Shanghai court. The announcement came through a notice published on China’s…
FrankvandenBergh Overview The US dollar begins the new week on a firm note. It is trading at new highs for the year against the Japanese yen and is bid against nearly all the G10 currencies, though the Swedish krona and Canadian dollar are resisting the greenback’s push. Most emerging market currencies are heavier, with the…
These IPOs align with the broader trend of Chinese companies seeking public listings in Hong Kong, driven by regulatory scrutiny and market dynamics. Three prominent mainland China-based companies, led by Beijing Fourth Paradigm, a cutting-edge artificial intelligence (AI) software firm, have debuted on the Hong Kong Stock Exchange with initial public offerings (IPOs). Collectively, the…
The second quarter of 2023 marked the fourth consecutive quarter of declines in deal value, highlighting the prolonged nature of the downturn. The Chinese startup ecosystem, once a hotbed for innovation and home to tech giants like ByteDance and Didi Chuxing Technology Co Ltd, has recorded a slower growth rate in the first half of…
narvikk/E+ via Getty Images Investment Thesis The EC summer forecast just recently revealed that Germany’s economy is set to contract this year. It does not seem like a particularly dramatic event on its own. However, when it is coupled with a few other factors, such as the recent EU decision to launch an investigation into…
Li Auto, Xpeng, and other Chinese EV companies hit good numbers for deliveries, scaling YoY and Month over Month numbers. Chinese electric vehicle makers Li Auto (NASDAQ: LI), Nio (NYSE: NIO, and Xpeng Inc (HK: 9868) announced that their vehicle deliveries for the month of August were in line with guidance set for the third quarter of 2023….
The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth. Xiaomi Corp (HKG: 1810), one of China’s leading technology giants has reported a 4% drop in revenue for the second quarter, reflecting the ongoing challenges faced by…
da-kuk The key surprise out of China in recent weeks was the lack of policy stimulus, with the latest series of rate cuts falling well short of lowered expectations. And with almost all of last month’s economic data already missing expectations by a considerable margin, China’s path toward hitting its +5% growth target this year…
Tencent Music entertainment noted that users are more willing to pay for the premium features. In Q2, the company registered 20% surge in the total paying users for its online music streaming service. On Monday, August 15, Tencent Music Entertainment Group, China’s leading online music and entertainment platform, reported a surge in revenue for Q2…
KathyDewar Hitachi (OTCPK:HTHIY)(OTCPK:HTHIF) is performing pretty well in some segments that we expected to be particularly problematic. In particular there were worries around electronic businesses that face China, which saw order declines a couple of quarters ago. Tech is decelerating, but the worst of it is in lower margin segments which is decent for mix….
Binance explained that they even have refused to conduct business in the Asian due to China’s cryptocurrency ban. On August 2nd, The Wall Street Journal published a report indicating that current and former employees of Binance observed internal transactions confirming that Chinese users traded around $90 billion in cryptocurrencies on the exchange for a month….
Receive free Chinese society updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese society news every morning. Beijing law student Feifei enjoyed the Barbie movie so much she went to see it twice this week, each time wearing a bright-pink baseball cap. Greta Gerwig’s Hollywood blockbuster — which tackles feminism,…
Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. Shares in Chinese electric-vehicle makers rose sharply on Thursday after Volkswagen announced a tie-up with Chinese rival Xpeng designed to boost the German car manufacturer’s lagging sales in the country. Xpeng’s Hong Kong-listed…