Salomonus_/iStock via Getty Images WH Group (OTCPK:WHGRF) (OTCPK:WHGLY), the Chinese parent of Smithfield Foods, on Sunday said it plans to float the pork producer’s business in the United States and Mexico on the New York Stock Exchange or Nasdaq. The plan for a public offering was submitted to the HongContinue Reading
Ralf Hahn The holiday-shortened trading week fared better for electric vehicle makers NIO (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV), compared to the broader market, as the Chinese start-ups posted double-digit growth in sales numbers for June. For the week, NIO, Li Auto, and XPeng rose 11.06%, 14.43%, 8.05%, respectively,Continue Reading
Chinese EV stocks are trading defensively Friday after the European Union hit all battery electric vehicles imported from China with steep tariffs effective immediately. The action — though expected — rattled shares of XPeng (NYSE:XPEV), Li Auto (NASDAQ:LI), NIO (NYSE:NIO) and BYD (BYDDF, BYDDY), and reverberated through stocks of non-ChinaContinue Reading
Wachiwit Apple (NASDAQ:AAPL) has filed a petition with a Chinese court in an effort to tweak a ruling that the company won, as it says the tech giant has a “dominant position” in the app market, Bloomberg reported. Apple wants China’s highest court to remove the references from the decisionContinue Reading
primeimages/E+ via Getty Images Asia-Pacific equity markets started the second half of the year on a positive note as investors digested the mixed Chinese PMI data, and the data showed that confidence among large Japanese manufacturing firms improved to a two-year-high in Q2 amid an improving economic outlook. Japan (NKY:IND)Continue Reading
DKosig The U.S. government is probing China Mobile, China Telecom (OTCPK:CHJHF) and China Unicom (OTCPK:CHUFF) over concerns that the companies could exploit access to U.S. data via their American cloud and internet businesses by providing it to China, Reuters reported, citing people familiar with the matter. Commerce Department’s authorities areContinue Reading
