Asia - Spark Newswire

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Asia
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CATL’s 3rd Largest Customer After Tesla, Nio Cuts Reliance On Battery Giant In Bid For Diversification

Today, 7:38 PM

XPeng Inc (NYSE: XPEV) has diversified its battery suppliers and does not count industry giant CATL as its primary supplier, said Brian Gu, President of the Chinese electric car maker, according to

NIO

2 minute read

Alibaba Plunges, Xpeng, Nio Nosedive: Fed Rate Hike and Projections Push Hang Seng To 2011 Lows

By Bhavik Nair

Today, 7:38 PM

Hong Kong's benchmark Hang Seng Index lost over 1.9% in opening trade to hit 2011 lows after the U.S. Federal Reserve raised interest rates by 0.75% and indicated they could be hit as high as 4.6% next year. That dented stocks of U.S.-listed Chinese EV makers, whose business prospects depend a lot on interest rates.

BABA

1 minute read

China’s Top Online Travel Service Provider Swings To $6M Profit In Q2, But COVID-19 Curbs Sour Recovery

By Bhavik Nair

Today, 7:38 PM

China’s leading online travel service provider Trip.com Group Ltd (NASDAQ: TCOM) reported a second-quarter profit of RMB 43 million ($6 million) compared to a net loss of RMB 659 million ($93.5 million) a year earlier and RMB 1 billion in the previous quarter.

TCOM

2 minute read

Tesla’s ‘Peak China Dependency’ Could Be Over Within A Year, Analyst Says: Here’s Why

By Shanthi Rexaline

Today, 7:38 PM

The Elon Musk-led electric vehicle giant Tesla Inc. (NASDAQ: TSLA) has been heavily reliant on China, both from the supply and demand perspective.

TSLA

5 minute read

Boqii Barks With Latest Earnings Report, But Investors Beg for Profits

By The Bamboo Works

Today, 7:38 PM

Key Takeaways: Boqii’s revenue dropped slightly in the three months to June, though business for its self-operated mall rose by 20% Company could face delisting if it can’t bring its market value above $50 million – more than double the current level – by early 2024 By Doug Young

2 minute read

Why Alibaba, Nio, Xpeng Are Shooting Higher In Hong Kong Today

By Navdeep Yadav

Today, 7:38 PM

Hong Kong stocks on Monday rebounded from a six-month low following a late-session rally in U.S. stocks.

BABA

1 minute read

Macro Week

By GRIT Capital

Today, 7:38 PM

Good Morning Everyone! Remember, if you sold all your stocks recently this investing thing just isn’t for you. You gotta stay in the game!

BTC

5 minute read

Yesterday’s News? Qutoutiao Adds Delisting Threat to Growing Headaches

By The Bamboo Works

Today, 7:38 PM

Key Takeaways: Qutoutiao faces potential delisting after being notified last week that the value of its publicly held shares is too small The cash-strapped company has adopted a cost-cutting strategy over the last two years, and has yet to report its first and second quarter results for this year By Trevor Mo

BABA

2 minute read

2 High Yielding Investments For Investors Looking For Strong Fundamentals And Growing Dividends

By Robert Kuczmarski

Today, 7:38 PM

When large companies are seeing expanding revenues during macroeconomic headwinds, this can be a positive sign of a strong corporation. With inflation and interest rates on the rise, investors may want to turn to stocks with solid fundamentals that are able to increase their dividend payment per share.

APA

5 minute read

Loss-hit Fenbi Tech Seeks IPO Cash After Education Sector Upheaval

By The Bamboo Works

Today, 7:38 PM

Key Takeaways: Fenbi Technology has posted losses of more than 2.5 billion yuan in the past two years after shifting from online into offline training The company laid off more than 9,400 employees and cut staff salaries to ease financial pressure By Fai Pui

EDU