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BUSINESSAug 12China’s EV sales slide again amid fading incentives, weak demand and persistent price warDeliveries of electric vehicles (EVs) in China fell 3.9 per cent in July from a year earlier, extending their decline to a seventh consecutive month as fading government incentives and weaker consumer demand weighed on the market. Domestic sales of pure electric and plug-in hybrid vehicles last month also fell 5.8 per cent from June, according to data from the China Passenger Car Association (CPCA). “A bleak market outlook is likely to affect most small [EV] companies, as some of them will be...South China Morning Post
BUSINESSAug 12Asian stocks trade mixed amid Iran deal uncertainty; tech rally boosts KOSPI and ChinaAsian stock markets are trading mixed, influenced by uncertainty regarding an Iran deal, while technology stocks are performing strongly in KOSPI and China. This reflects the interplay of geopolitical events and sector-specific trends on global financial markets.Seeking Alpha Tech
BUSINESSAug 12Align wins China patent ruling against AngelalignAlign Technology has won a patent ruling in China against Angelalign. This outcome impacts intellectual property rights and competitive dynamics within the industry.Seeking Alpha Tech
BUSINESSAug 12Manus to return as independent firm after China forces Meta unwind of $2B dealManus will reportedly return as an independent firm after China compelled Meta to unwind a $2 billion deal. This indicates a significant business transaction being reversed due to external pressure.Seeking Alpha Tech
BUSINESSAug 12China’s quant funds have an edge on foreign rivals, even as Beijing curbs trading speedChina’s quantitative funds have built trading strategies so closely tailored to the mainland market that foreign rivals cannot replicate them, even as a regulatory clampdown on trading speed reshapes the industry, according to a prominent economist. “If a top US quant team goes to Japan or India, they can beat virtually all the native quants,” Xia Chun, founder and chief economist at Chinese financial research firm Wiselink Group and former finance professor at the University of Hong Kong, told...South China Morning Post
BUSINESSAug 12China’s great jobs squeezeAs construction slumps and manufacturing automates, 53mn Chinese now work for low wages in food delivery and ride-hailingFinancial Times
BUSINESSAug 12Why the historic U.S.-Japan intervention has failed to halt the yen’s slideThe Japanese yen has erased about half of the gains from an unprecedented U.S.-Japan intervention less than two weeks ago.CNBC
BUSINESSAug 12China clean technology dominance reshapes global net zero transition | Opinion | Eco - BusinessChina's dominance in clean technology is significantly influencing the global transition to net-zero emissions. This trend is reshaping international efforts toward environmental sustainability and economic markets.eco-business.com · China
BUSINESSAug 12Price of gold is being driven up by Donald Trump trade wars , his real war on Iran , AI growing bill and the Japanese yen crisisThe price of gold is reportedly increasing due to factors including Donald Trump's trade wars, tensions with Iran, the growing cost of AI, and the Japanese yen crisis. This highlights how various global events are influencing market prices.smh.com.au · Australia
BUSINESSAug 12Feature : How China indoor ski boom is carving out a new summer economy - XinhuaA Xinhua feature explores how China's booming indoor ski industry is creating a new summer economy. This highlights a unique economic development and leisure trend in the country.english.news.cn
BUSINESSAug 12Why does SK Hynix want to sell its chip facility in southwest China?South Korean chipmaker SK Hynix’s potential deal to offload a packaging plant in southwest China is part of a strategic pivot towards higher-margin artificial intelligence (AI) memory products, according to analysts. But a sale might not be straightforward, as the memory chip giant would need to navigate valuation hurdles and a volatile chip cycle, they cautioned. SK Hynix said on Monday it was “looking into various solutions to enhance the competitiveness of its packaging business”, after...South China Morning Post
BUSINESSAug 12Japan - Sri Lanka Economic Corridor : Let not miss this opportunity tooThe article discusses the Japan-Sri Lanka Economic Corridor and emphasizes the importance of capitalizing on this opportunity. It highlights potential benefits from international economic cooperation.ft.lk · Sri Lanka
BUSINESSAug 12EVs dominate China’s car market: 5 takeaways from the country's latest auto sales dataThe China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.CNBC
BUSINESSAug 11Why Jensen Huang’s $500 billion AI financing plan faces a big risk from ChinaNvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?CNBC
BUSINESSAug 11Foreign financial institutions bullish on China hard - tech growth momentumForeign financial institutions are expressing optimism about the growth momentum in China's hard-tech sector. This indicates positive international investor sentiment towards a specific area of the Chinese economy.beijingbulletin.com · China
BUSINESSAug 11Manus to return as independent company after China forced Meta to unwind $2 billion dealLast December, Meta said it planned to acquire Manus for $2 billion, its latest effort to shore up its AI strategy.CNBC
BUSINESSAug 11China New Politburo Strategy Is Forgoing Household ConsumptionChina's new Politburo strategy reportedly involves foregoing household consumption as a primary focus. This indicates a significant shift in the nation's economic approach, potentially impacting global markets and trade.foreignpolicy.com · United States
BUSINESSAug 11China Has Chosen to Disappoint Its ConsumersBeijing’s choice moves Washington’s leverage from tariffs to currency.Foreign Policy
BUSINESSAug 11Taiwan Semi, Sony to invest nearly $4.7B to form joint venture for image sensorsTaiwan Semi and Sony plan to invest nearly $4.7 billion to establish a joint venture focused on image sensors. This collaboration aims to advance technology in the image sensor market.Seeking Alpha Tech
BUSINESSAug 11New Hong Kong trade office in Malaysia a bridge to Greater Bay Area: ministerHong Kong has opened a new trade office in Malaysia, with a minister saying the move is part of a strategic push to deepen regional ties and will help position the city as a bridge between the country and the Greater Bay Area. Secretary for Commerce and Economic Development Algernon Yau Ying-wah said on Tuesday that the opening of the Economic and Trade Office (ETO) in Kuala Lumpur would strengthen Hong Kong’s presence in the region. “The establishment of the new [ETO] in Kuala Lumpur is a...South China Morning Post
BUSINESSAug 11Wharf firms up balance sheet as Hong Kong home sales cushion profit slumpHong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf’s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million in the first half, with operating profit rising more than fivefold to HK$166 million, according to its interim results announced on Tuesday. That helped...South China Morning Post
BUSINESSAug 11Shein plans Hong Kong IPO as soon as August 19 - reportShein is reportedly planning an Initial Public Offering (IPO) in Hong Kong as early as August 19. This suggests a significant financial event for the company and the market.Seeking Alpha Tech
BUSINESSAug 11Alo Yoga opens Tmall flagship, eyes China retail pushAlo Yoga has opened a flagship store on Tmall, signaling its intention to expand its retail presence in China. This move represents a strategic business expansion into a key international market.Yahoo Finance
BUSINESSAug 11China detains Japanese executives in dual-use technology export probe: reportChina has detained several Japanese nationals, including top executives of companies with offices in China, for allegedly violating export restrictions on dual-use goods, Japanese newspaper The Mainichi said, citing multiple sources. Dual-use items comprise goods, software and technologies with both civilian and military applications, including critical minerals essential for manufacturing drones and advanced semiconductors. The detentions follow a string of enforcement measures, including the...South China Morning Post
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