Alibaba's Chairman Daniel Zhang: 'We're Changing Global Perception'“Alibaba is not just a company trying to monopolize the market with cheap Chinese products. We are a global business, and we believe it’s important to change consumers’ perception worldwide.” According to the Chinese IT media outlet ZAKER on the 4th, Daniel Zhang, the chairman of China’s largest e-commerce company, Alibaba, made this statement in […]
Xiaomi Sparks Electric Car Price War in ChinaXiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Cocoa Prices Hit Record High, Surpass Copper and BitcoinThe price of cocoa, the primary ingredient in chocolate, has reached an all-time high, surpassing the $9,000 mark for the first time. This surge is attributed to concerns of supply shortages due to reduced production caused by climate change. According to Bloomberg, on the 25th (local time), cocoa futures traded in New York closed at […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product LaunchesNike (NKE), the world’s largest sportswear and sneaker retailer, exceeded market expectations with its quarterly performance. Nike’s Q3 fiscal year 2024 (December-February) revenues were $12.43 billion (up 0.3% from the previous year), total sales profit was $5.56 billion (a 3.6% increase), and net income attributable to the controlling shareholder was $1.17 billion (a 5.5% decrease). […]
FedEx Exceeds Quarterly Earnings Expectations Despite Revenue DropFedEx (FDX), a global transportation company, exceeded quarterly earnings expectations. Despite a decrease in revenue, profits increased due to cost-cutting measures. FedEx’s third quarter (December to February) revenue was $21.74 billion, a decrease of 1.9% from the previous year, and operating profit was $1.24 billion, an increase of 19.3%. EPS (earnings per share) recorded $3.51, […]
TPG Plans to Raise $5 Billion Asia Fund with 10% Allocated to Korean MarketTexas Pacific Group (TPG), a global private equity managing firm, is set to establish a massive Asia buyout fund worth approximately $5 billion. They plan to invest around 10% of this fund into the South Korean market. According to Bloomberg and other sources, on the 26th, TPG is planning to close its eighth Asia buyout […]
Analysts Warn of BYD's Vulnerabilities in Global Market Due to Brand ImageAmidst the rapid growth of Chinese electric car manufacturer BYD in its unique domestic market, analysts warn that its expansion strategy is beginning to reveal its limitations amid increased global competition in the electric vehicle industry. The Korea Automobile Research Institute released a report titled ‘The Light and Shadow of BYD’s Global Expansion Strategy’ on […]
Apple Faces Antitrust Probe from U.S. and EU Authorities, Threatened with SanctionsApple Faces Sanctions from U.S. and European Regulatory AuthoritiesCompeting in the Market with Advanced Technology Apple, the manufacturer of the iPhone, is now under sanctions from U.S. and European regulatory authorities. Apple’s closed ecosystem has come under scrutiny. According to the Financial Times, on the 21st (local time), the U.S. Department of Justice and 16 […]
Evergrande's Founder Faces Lifetime Ban Amid Bankruptcy ThreatBeijing Youth Daily Evergrande, blamed for the downfall of the real estate market and effectively causing China’s economic slump, appears to be facing de facto bankruptcy after receiving various dispositions from the authorities recently. It’s safe to say there’s almost no chance of recovery. According to reports on the 19th by Beijing Youth Daily and […]
Fisker to Halt Production for Six Weeks due to Deteriorating Business ConditionsAmerican electric vehicle startup Fisker announced on March 18, 2024, that it will halt production for six weeks. The company cited deteriorating cash flow and the need to prevent inventory build-up as reasons for the halt. It also added that it is currently in alliance negotiations with major automakers and focusing on avoiding bankruptcy. Fisker […]
Golden Opportunity: Australian Real Estate Boom Attracts Retiree InvestorsAustralia has seen a return to record high prices and transaction volumes in most areas as retirees with substantial cash reserves begin to invest in real estate in earnest./Wikimedia A report suggests the aging population could be a boon for the real estate market. The Sydney Morning Herald reported on the 13th (local time) that […]
aespa's Karina Faces Backlash from Fans After Confirming RelationshipFans of actor Lee Jae Wook and girl group aespa’s member Karina, who recently went public with their relationship, are expressing their displeasure. On the 5th, photos of a “truck protest” outside SM Entertainment’s building were posted on online communities, circulating on platforms like Instiz and X (formerly Twitter). The photos show a passionate fan […]
'Hybe Myth' Creator Surpasses 3 Trillion Won, Propelling BTS to Stock Market Success [iNews24 reporter Jang Yoo-mi] Hive Chairman Bang Si Hyuk, who leads global artists such as BTS and Newzine, has been ranked No. 1 in the culture and content sector with a stock valuation of more than 3 trillion won...
China Stock Market Weekly: Watching Economic Indicators Amid Deflation Worries Chinese stocks will focus on November's real economic data and economic policies for next year. Last week, foreigners were net sellers of stocks in China's equity markets, continuing the bearish trend. This week, financial and real economic data will be released.
Nissan's Next-Gen LEAF Will Not Qualify for the IRA in the U.S.Nissan's next-gen Leaf, produced in the UK, loses a US IRA tax deduction, impacting its competitiveness in the market.
Hyundai and Kia Set New U.S. Sales Records for Ioniq 5 and EV6In October 2023, Hyundai Ioniq 5 U.S. sales jumped 88% YoY to 2,979 units, while Kia's EV6 increased 30%, selling 1,542 units.
Volkswagen's Electric Game-Changer: Affordable Electric Car Set to Hit U.S. MarketVolkswagen plans to launch a sub-$35,000 electric vehicle in the U.S. within 3-4 years, exploring local battery sourcing for tax incentives.
Tesla Announces Price Hike for Model 3 and Model Y in ChinaTesla plans to increase prices of long-range Model 3 and Model Y in China on Nov 9, 2023, possibly to boost sales before the hike.
Tesla's Market Capitalization Targets $4 Trillion, Elon Musk DeclaresElon Musk has stated that Tesla's value could reach $4 trillion, emphasizing that Tesla is more than just a car or battery company.
Hyundai Slashes Prices for IONIQ 5/6: Electric Car Deals Await U.S. Customers .
Alibaba's Chairman Daniel Zhang: 'We're Changing Global Perception' “Alibaba is not just a company trying to monopolize the market with cheap Chinese products. We are a global business, and we believe it’s important to change consumers’ perception worldwide.” According to the Chinese IT media outlet ZAKER on the 4th, Daniel Zhang, the chairman of China’s largest e-commerce company, Alibaba, made this statement in […]
Xiaomi Sparks Electric Car Price War in China Xiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Cocoa Prices Hit Record High, Surpass Copper and Bitcoin The price of cocoa, the primary ingredient in chocolate, has reached an all-time high, surpassing the $9,000 mark for the first time. This surge is attributed to concerns of supply shortages due to reduced production caused by climate change. According to Bloomberg, on the 25th (local time), cocoa futures traded in New York closed at […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product Launches Nike (NKE), the world’s largest sportswear and sneaker retailer, exceeded market expectations with its quarterly performance. Nike’s Q3 fiscal year 2024 (December-February) revenues were $12.43 billion (up 0.3% from the previous year), total sales profit was $5.56 billion (a 3.6% increase), and net income attributable to the controlling shareholder was $1.17 billion (a 5.5% decrease). […]
FedEx Exceeds Quarterly Earnings Expectations Despite Revenue Drop FedEx (FDX), a global transportation company, exceeded quarterly earnings expectations. Despite a decrease in revenue, profits increased due to cost-cutting measures. FedEx’s third quarter (December to February) revenue was $21.74 billion, a decrease of 1.9% from the previous year, and operating profit was $1.24 billion, an increase of 19.3%. EPS (earnings per share) recorded $3.51, […]
TPG Plans to Raise $5 Billion Asia Fund with 10% Allocated to Korean Market Texas Pacific Group (TPG), a global private equity managing firm, is set to establish a massive Asia buyout fund worth approximately $5 billion. They plan to invest around 10% of this fund into the South Korean market. According to Bloomberg and other sources, on the 26th, TPG is planning to close its eighth Asia buyout […]
Analysts Warn of BYD's Vulnerabilities in Global Market Due to Brand Image Amidst the rapid growth of Chinese electric car manufacturer BYD in its unique domestic market, analysts warn that its expansion strategy is beginning to reveal its limitations amid increased global competition in the electric vehicle industry. The Korea Automobile Research Institute released a report titled ‘The Light and Shadow of BYD’s Global Expansion Strategy’ on […]
Apple Faces Antitrust Probe from U.S. and EU Authorities, Threatened with Sanctions Apple Faces Sanctions from U.S. and European Regulatory AuthoritiesCompeting in the Market with Advanced Technology Apple, the manufacturer of the iPhone, is now under sanctions from U.S. and European regulatory authorities. Apple’s closed ecosystem has come under scrutiny. According to the Financial Times, on the 21st (local time), the U.S. Department of Justice and 16 […]
Evergrande's Founder Faces Lifetime Ban Amid Bankruptcy Threat Beijing Youth Daily Evergrande, blamed for the downfall of the real estate market and effectively causing China’s economic slump, appears to be facing de facto bankruptcy after receiving various dispositions from the authorities recently. It’s safe to say there’s almost no chance of recovery. According to reports on the 19th by Beijing Youth Daily and […]
Fisker to Halt Production for Six Weeks due to Deteriorating Business Conditions American electric vehicle startup Fisker announced on March 18, 2024, that it will halt production for six weeks. The company cited deteriorating cash flow and the need to prevent inventory build-up as reasons for the halt. It also added that it is currently in alliance negotiations with major automakers and focusing on avoiding bankruptcy. Fisker […]
Golden Opportunity: Australian Real Estate Boom Attracts Retiree Investors Australia has seen a return to record high prices and transaction volumes in most areas as retirees with substantial cash reserves begin to invest in real estate in earnest./Wikimedia A report suggests the aging population could be a boon for the real estate market. The Sydney Morning Herald reported on the 13th (local time) that […]
aespa's Karina Faces Backlash from Fans After Confirming Relationship Fans of actor Lee Jae Wook and girl group aespa’s member Karina, who recently went public with their relationship, are expressing their displeasure. On the 5th, photos of a “truck protest” outside SM Entertainment’s building were posted on online communities, circulating on platforms like Instiz and X (formerly Twitter). The photos show a passionate fan […]
'Hybe Myth' Creator Surpasses 3 Trillion Won, Propelling BTS to Stock Market Success [iNews24 reporter Jang Yoo-mi] Hive Chairman Bang Si Hyuk, who leads global artists such as BTS and Newzine, has been ranked No. 1 in the culture and content sector with a stock valuation of more than 3 trillion won...
China Stock Market Weekly: Watching Economic Indicators Amid Deflation Worries Chinese stocks will focus on November's real economic data and economic policies for next year. Last week, foreigners were net sellers of stocks in China's equity markets, continuing the bearish trend. This week, financial and real economic data will be released.
Nissan's Next-Gen LEAF Will Not Qualify for the IRA in the U.S. Nissan's next-gen Leaf, produced in the UK, loses a US IRA tax deduction, impacting its competitiveness in the market.
Hyundai and Kia Set New U.S. Sales Records for Ioniq 5 and EV6 In October 2023, Hyundai Ioniq 5 U.S. sales jumped 88% YoY to 2,979 units, while Kia's EV6 increased 30%, selling 1,542 units.
Volkswagen's Electric Game-Changer: Affordable Electric Car Set to Hit U.S. Market Volkswagen plans to launch a sub-$35,000 electric vehicle in the U.S. within 3-4 years, exploring local battery sourcing for tax incentives.
Tesla Announces Price Hike for Model 3 and Model Y in China Tesla plans to increase prices of long-range Model 3 and Model Y in China on Nov 9, 2023, possibly to boost sales before the hike.
Tesla's Market Capitalization Targets $4 Trillion, Elon Musk Declares Elon Musk has stated that Tesla's value could reach $4 trillion, emphasizing that Tesla is more than just a car or battery company.
Hyundai Slashes Prices for IONIQ 5/6: Electric Car Deals Await U.S. Customers .
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