Asia - Spark Newswire

5 minute read

Goldwind Diversifies with $3 Billion Deep-Sea Wind Power Investment

Today, 12:27 PM

Key Takeaways: Xinjiang Goldwind has announced a new tie-up worth nearly $3 billion with the city of Wenzhou involving deep-sea wind power Move will allow the company to develop technology in a major new emerging area, and also help it diversify geographically beyond its controversial home base By Doug Young

2 minute read

Bitcoin Whales Sell Over $400 Million Each Over The Past Week

By Marcus Sotiriou

Today, 12:27 PM

Despite Bitcoin (CRYPTO: BTC) rising yesterday, and going back to 40K, on-chain metrics suggest some cause for concern. Data from Glassnode shows that the number of addresses with a balance of more than 10,000 Bitcoin has decreased substantially over the past week or so.

$BNB

1 minute read

Tesla Rivals Nio, Xpeng Jump In Hong Kong: What’s Driving EV Stocks Today?

By Navdeep Yadav

Today, 12:27 PM

Shares of U.S.-listed Chinese electric automakers Nio Inc. (NYSE: NIO), Xpeng Inc.

1 minute read

Why Alibaba Is Sliding, While Other Tech Stocks Are Rising In Hong Kong Today

By Navdeep Yadav

Today, 12:27 PM

Shares of U.S.-listed Chinese tech firms JD.Com Inc. (NASDAQ: JD), Tencent Holdings (OTC: TCEHY), and Baidu Inc. (NASDAQ:

BABA

5 minute read

With Founder Fading Out, JD.com Moves to Collective Leadership

By The Bamboo Works

Today, 12:27 PM

Key takeaways: JD.com’s founder Richard Liu is stepping down from his CEO role but will remain as the company’s chairman focused on long-term strategy Some analysts believe China internet companies face greater risk from regulation at home and abroad than from changes in their top ranks By Ken Lo

BABA

3 minute read

How China’s Zero-COVID Policy Is Taking A Toll On Its Economy

Today, 12:27 PM

The more contagious omicron strain of COVID-19 is testing China’s zero-tolerance COVID-19 policy and while many signs underscore the strategy’s adverse impact on the country’s economic recovery, Beijing continues to stick to it, dismissing suggestions that China should learn to live with the virus as other nations do.

AAPL

1 minute read

Why Tesla Rivals Nio, Xpeng Are Struggling In Hong Kong Today

By Navdeep Yadav

Today, 12:27 PM

Shares of U.S.-listed Chinese electric automakers Nio Inc. (NYSE: NIO), Xpeng Inc. (NYSE: XPEV), and Li Auto Inc. (NASDAQ: LI) struggled in Hong Kong on Wednesday.