Author: admin

11 Mar Electric cars: Xpeng aims to launch its first right-hand drive model in Hong Kong, Southeast Asia this year amid global push

Posted at 13:00h in Asia

Chinese electric vehicle (EV) maker Xpeng plans to launch its first right-hand drive model in the second half of this year as it accelerates its push to go global, targeting markets such as Hong Kong and Southeast Asia.He Xiaopeng, co-founder and CEO of the Guangzhou-based...

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11 Mar TikTok gets thumbs up in China for ‘tough stance’ against US lawmakers pushing new effort to ban the ByteDance app

Posted at 12:30h in Asia

ByteDance, the Chinese tech unicorn that is again facing a US ban of its flagship TikTok app unless it divests, has earned a “thumbs up” at home after rallying its young users against the legislation in an effort mirroring some of the more aggressive tactics...

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11 Mar Surge in far-right support underscores European trend

Posted at 12:22h in Europe

Democratic Alliance (AD) leader Luis Montenegro celebrates his victory as he addresses supporters at the party's election night headquarters, in Lisbon on March 10, 2024.Miguel Riopa | Afp | Getty ImagesPortugal's far-right Chega party on Sunday received a surge in support in the country's snap...

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11 Mar China’s nationalists put water firm Nongfu Spring under fire, dousing private sector’s flickering confidence

Posted at 12:00h in Asia

China’s drinks giant Nongfu Spring, the country’s largest bottled water producer, has become the latest target in a series of attack campaigns from an increasingly vocal constituency of nationalists online, prompting concerns over what effect this group may have on an already fragile private sector.The...

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11 Mar Apple supplier Luxshare Precision tries to shake off contract manufacturer tag and become a solutions provider

Posted at 11:00h in Asia

Luxshare Precision Industry, a key Apple supplier, is repositioning itself as a solutions provider instead of a contract manufacturer for big brands, according to its chairwoman.Wang Laichun, the 57-year-old low profile founder and chairwoman of Luxshare, said in an interview on the sidelines of China’s...

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11 Mar Hong Kong’s exhibition centre nears pre-Covid numbers as trade fairs return from Singapore and new crypto event signs on

Posted at 10:58h in Asia

The schedule of events at Hong Kong’s Convention and Exhibition Centre is filling up nearly to pre-pandemic levels, with a busy slate in 2024 and a large cryptocurrency gathering coming on board for early 2025, according to a top executive.The total number of events in...

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11 Mar Chinese regulators ask large banks to step up support for Vanke, sources say

Posted at 09:16h in Asia

Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said.The sources with direct knowledge of the matter said the financial institutions...

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11 Mar News agencies retract ‘manipulated’ Kate image

Posted at 08:51h in Europe

Catherine, Princess of Wales, Princess Charlotte of Wales, Prince George of Wales, Prince William, Prince of Wales, Prince Louis of Wales and Mia Tindall attend Christmas Morning Service at Sandringham Church on December 25, 2023 in Sandringham, Norfolk. Samir Hussein | Wireimage | Getty ImagesInternational news...

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11 Mar Currys shares plunge after U.S. investor Elliott pulls out of takeover race

Posted at 08:49h in Europe

A Currys Plc store on Oxford Street in central London, UK, on Monday, Feb. 19, 2024.Bloomberg | Bloomberg | Getty ImagesElliott Investment Management said Monday it had decided not to make another takeover bid for British electrical retailer Currys after repeatedly being rejected.Shares of Currys...

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11 Mar Hong Kong’s top market watchdog proposes slashing China investment threshold for cross-border trading via Stock Connect

Posted at 08:00h in Asia

The head of Hong Kong’s securities regulator has proposed lowering the investment barrier for mainland Chinese traders to lift stock market turnover and boost sentiment.The minimum asset requirement for investing in Hong Kong equities via the southbound leg of the Stock Connect programme should be...

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