Asia - Spark Newswire

5 minute read

ZTO Emerges from Latest Delivery Price Wars With Return to Profit Growth

Today, 9:33 AM

Key Takeaways: ZTO’s adjusted profit grew 35% in the fourth quarter, reversing a trend that saw the figure decline in five of the last seven quarters Return to profit growth comes as recent price war eases, and amid growing signs of consolidation in the fragmented logistics sector By Shirley Lau

ZTO

4 minute read

Leapmotor Enters EV Race to Capital Markets With Hong Kong IPO Plan

By The Bamboo Works

Today, 9:33 AM

Key takeaways: Leapmotor plans to go public in Hong Kong, becoming the fourth Chinese electric vehicle startup to list on the exchange The money-losing company is trying to shift gears from making mini EVs to more traditional sedans at the mid- to high-end of the market By Ken Lo

2 minute read

Nio’s First ET7 Sedans Roll Off The Production Line Ahead Of Q4 Earnings

By Shanthi Rexaline

Today, 9:33 AM

Nio, Inc. (NYSE: NIO) has a lot riding on the new models it has scheduled for launch this year. One of the imminent catalysts on this front may be materializing in favor of the company.

NIO

2 minute read

Tesla Rivals Xpeng, Li Auto Gain While Alibaba Slips: Why Hong Kong Markets Are Trading Mixed Today

By Madhukumar Warrier

Today, 9:33 AM

Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Thursday after tech conglomerate Tencent Holdings Limited (OTC: TCHEY) reported weak earnings results for the fourth quarter.

BABA

2 minute read

Why China Hasn’t Condemned Russia: American-Led Sanctions Against Russia For Its Invasion Of Ukraine Are Fueling A Global Realignment.

By David Pinsen

Today, 9:33 AM

"The friendship of the peoples of China and the Soviet Union is everlasting." 1967 Sino-Soviet propaganda poster (via Soviet Visuals).

2 minute read

Why Is The Currency Of The World’s Third-Largest Economy Tanking?

By Zaheer Anwari

Today, 9:33 AM

The Japanese economy is the third-largest national economy, and the Japanese yen (JPY) is the third most commonly traded currency after the U.S. dollar and the euro. Since 2012, the JPY has weakened from 75 yen against the dollar to just over 120 yen against the dollar today. This month has seen the yen weaken by 5% so far.

USD

1 minute read

Why Alibaba, Tesla Rivals Nio, Xpeng Are Spiking Again In Hong Kong Today

By Madhukumar Warrier

Today, 9:33 AM

Shares of U.S.-listed Chinese tech companies traded notably higher in Hong Kong on Wednesday following upbeat quarterly earnings results from companies such as smartphone maker Xiaomi Corp. and biotechnology company WuXi Biologics.

BABA

5 minute read

FinVolution Emerging as Fintech Lending Leader After Industry Makeover

By The Bamboo Works

Today, 9:33 AM

Key Takeaways: • FinVolution, which has transformed into a loan facilitator from a direct lender, reported a 32% rise in fourth quarter revenue despite regulatory headwinds for fintech lenders

FINV

2 minute read

Alibaba Gains Nearly 5%, Tesla Rivals Nio, Xpeng Firm In Hong Kong Today — What’s Keeping Sentiment Up?

By Madhukumar Warrier

Today, 9:33 AM

Shares of U.S.-listed Chinese tech companies — led by Alibaba Group Holding Limited (NYSE: BABA) — traded mostly higher in Hong Kong on Tuesday, after the e-commerce giant said it had

BABA

5 minute read

TuSimple Looks to Decouple From China. Others to Follow?

By The Bamboo Works

Today, 9:33 AM

Key Takeaways: Autonomous truck company TuSimple is reportedly looking to spin off its China business, leaving its more advanced U.S. business as its main asset Such a spinoff could provide upside for company’s stock by significantly reducing U.S. national security concerns By Doug Young

BABA