Asia - Spark Newswire

2 minute read

Why Alibaba, Nio, Chinese Peers Are Shooting Up In Hong Kong Today

Today, 6:22 PM

Shares of U.S.-listed Chinese firms traded higher in Hong Kong on Tuesday morning, with electric vehicle makers leading gains, while tech majors such as Alibaba Group Holding Ltd (NYSE: BABA) and JD.com Inc (NASDAQ:

BABA

5 minute read

The Coming Proxy War With China? A Veteran Australian Diplomat Warns Of An Asia-Pacific Ukraine War.

By David Pinsen

Today, 6:22 PM

The U.S. Proxy War With Russia A point I made last month, that the Ukraine War is a proxy war between the U.S. and Russia. Now that the U.S. House of Representatives has passed an enormous, $40 billion in aid for Ukraine, more observers are acknowledging that this is a proxy war.

BOIL

2 minute read

Tesla Said To Face Delay In Ramp-Up Of Giga Shanghai Output To Pre-Lockdown Levels

By Shanthi Rexaline

Today, 6:22 PM

Tesla, Inc.'s (NASDAQ: TSLA) Giga Shanghai plan to ramp output to levels before the latest COVID-19 lockdown may be delayed by at least a week, Reuters reported on Monday, citing an internal company memo.

TSLA

2 minute read

Alibaba, Nio Strike Gains, Peers Trade Mixed: What’s Driving Hong Kong Markets Today

By Navdeep Yadav

Today, 6:22 PM

Shares of U.S.-listed Chinese firms were a mixed bag in Hong Kong on Monday at press time.

BABA

2 minute read

EXCLUSIVE: India Crypto Exchange CEO Says Exorbitant Taxes Will ‘Forcibly’ Drive Investors Overseas

By Navdeep Yadav

Today, 6:22 PM

Indian cryptocurrency trading platform Unocoin's chief has opposed the government's idea of imposing an additional 28% tax on digital coins, saying the move would drive investors out of the country.

$DOGE

5 minute read

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

By The Bamboo Works

Today, 6:22 PM

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

LKNCY

3 minute read

Asia
Markets

New China Accounting Scandal Flies Under the Radar. And Where There’s Smoke …

By The Bamboo Works

Today, 6:22 PM

By Doug Young

LKNCY

5 minute read

Amid Slowing Sales at Home, Innovent Biologics Stumbles Overseas

By The Bamboo Works

Today, 6:22 PM

Key takeaways: Innovent Biologics terminated a plan to sell its bevacizumab biosimilar in North America with a local partner after trials for the drug fell behind schedule The company’s loss tripled last year on growing competition for its core product, whose sales fell 22% in this year’s first-quarter

BGNE

2 minute read

Why Alibaba Stock Looks Poised For Reversal

By Melanie Schaffer

Today, 6:22 PM

Alibaba Group Holdings, Ltd (NYSE: BABA) stock is spiking higher on Friday, in tandem with the S&P 500, which was surging over 2%.

BABA

1 minute read

North Korea Reports COVID-19 Cases Surging To 350,000 From 1 In Single Day Ahead Of Biden Asia Visit

By Navdeep Yadav

Today, 6:22 PM

At least six people have died due to COVID-19, and more than 350,000 are infected in North Korea as an "explosive" coronavirus outbreak takes a toll on the isolated nation, the country's state media KCNA confirmed, according to CNN.

SPY