Some 25 out of 41 major industrial sectors saw profits decline in the eight months from January to August, data released on Tuesday showed
Tesla is ramping up hiring of technicians and service staff, while shutting some city showrooms and opening more suburban maintenance facilities after complaints over service delays
Soaring sales come thanks to its global appeal, with the online retailer surpassing Amazon for mobile downloads in the US in the second quarter of 2022, Pandaily said
Hong Kong's Hang Seng index posted its biggest jump in nearly four months in a shortened trading session on Thursday, while China shares also rose. Markets elsewhere were mixed
Pinduoduo has briefed merchants on its plans but details have not yet been finalized, a source said.
Japan's Nikkei closed above 29,000 for the first time in seven months and China and Hong Kong stocks rose. South Korea was down.
China stocks slipped and Tokyo was flat. Sydney and Mumbai both rose 0.6% while South Korea edged up 0.2%.
Asian shares were mixed after China's central bank unexpectedly trimmed two key lending rates following the release of July data that showed the nation's economic slowdown deepening.
Societe Generale said its forecast of 2.7% growth this year ``may still prove too optimistic,’’ with July’s trajectory indicating expansion of less than 2% if policymakers ease too little.
New bank lending in China fell by far more than expected in July and broad credit growth slowed – factors that analysts say do not bode well for the economy in the second half.
China Tourism Group Duty Free Corp aims to raise up to $2.16 billion in a listing due to launch on August 25. It will be the biggest listing in Hong Kong this year.
Biden's team is divided on whether to drop or expand tariffs imposed by Trump on Chinese goods, sources say