Asia - Spark Newswire

2 minute read

Alibaba And Tesla Rival Nio Slide For Third Day Straight In Hong Kong — What’s Behind The Tech Rout?

Today, 11:29 PM

Shares of U.S.-listed Chinese tech companies extended losses in Hong Kong for a third straight session on Tuesday, hurt by fears of global repercussions if China was seen as supporting Russia over its invasion of Ukraine.

BABA

5 minute read

Renewed Focus Clears Distractions for Chindata After Founder’s Abrupt Exit

By The Bamboo Works

Today, 11:29 PM

Key takeaways: • Chindata reported its revenue grew 41% in the fourth quarter, as its full-year revenue and EBITDA for 2021 exceeded previous guidance

2 minute read

Alibaba And Tesla Rivals Nio, Xpeng Plunge In Hong Kong Today Amid Worries Over New COVID-19 Restrictions In China

By Madhukumar Warrier

Today, 11:29 PM

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Monday and dragged the benchmark Hang Seng Index sharply lower for a second straight day amid worries about a growing COVID-19 outbreak in China.

BABA

3 minute read

Hollywood Wants In On the Metaverse and the Implications Could Be Huge

By Jake Fraser

Today, 11:29 PM

If the Metaverse seems like a term straight out of science fiction, that’s because it is. In his novel Snow Crash in 1992, novelist Neal Stephenson first used this word to define a multi-connected virtual universe that simulates the real-world and allows people to experience practically anything.

DIS

2 minute read

Why Alibaba, JD And Tesla Rivals Nio, Xpeng Are Crashing In Hong Kong Today

By Madhukumar Warrier

Today, 11:29 PM

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory, on fears of increased scrutiny by American regulators and the escalating Russia-Ukraine war.

BABA

1 minute read

Here’s How Nio Fared In Hong Kong Debut, As It Joined Rivals Xpeng, Li Auto On The Bourse

By Rachit Vats

Today, 11:29 PM

Nio Inc’s (NYSE: NIO) shares soared as much as 12% in their Hong Kong debut on Thursday. What Happened: Nio stock traded at HK$162 apiece around noon.

2 minute read

Tesla Bumps Up Prices Of Model 3, Model Y EVs In China By Over $1,500

By Rachit Vats

Today, 11:29 PM

Tesla Inc (NASDAQ: TSLA) on Wednesday hiked prices of some of its models in China, the Elon Musk-led electric vehicle maker’s website showed.

TSLA

2 minute read

New iPhone SE Could Help Apple Grab Bigger Market Share In China, India, Research Firm Says

By Madhukumar Warrier

Today, 11:29 PM

Apple Inc.’s (NASDAQ: AAPL) newly launched third-generation iPhone SE may help the tech giant gain market share in important markets like China and India, according to Counterpoint Research.

AAPL

2 minute read

Alibaba, EV Stocks Snap Losing Streak In Hong Kong Today; Tesla Rival Nio Surges On Debut — What’s Driving The Rebound?

By Madhukumar Warrier

Today, 11:29 PM

Shares of U.S.-listed Chinese tech companies traded higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index into positive territory after a four-day slump.

BABA

3 minute read

Is The Evergrande Crisis Over?

Today, 11:29 PM

The looming collapse of China Evergrande Group (OTC:EVGPF), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy.

EVGPF