BUSINESS
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Jack Ma's Bullish Move: Alibaba Founder Boosts Stake in Company Alibaba's founder and chairman are increasing their stake in the company, sending a positive signal to the Chinese stock market. Alibaba's stock is rising, and other Chinese companies are announcing share buyback plans to boost their stock prices... -
China's Stock Market in Crisis: Premier Li Qiang Promises Stability Chinese authorities say they will take effective measures against stock market plunge. Emphasized strengthening market stability with medium- and long-term capital injections. Hong Kong stock market also down. China will also accelerate artificial intelligence (AI) upgrades... -
China's $18.9 Trillion Economy Struggles with Debt, Deflation, De-risking, and Demographics China's economy unstable, youth unemployment severe. Facing 4D economic disaster: debt, deflation, deleveraging, and demographics. Real estate sector can be replaced by new growth model, but change and pain required. Concerns grow over China's policy direction. -
Apple's Vision Pro Expected to Ship 500,000-600,000 Units in 2024 Apple's mixed reality (MR) headset, the Vision Pro, is now available for pre-order ahead of its official launch next month. Apple opened online pre-orders for the Vision Pro at 5 a.m. local time on Nov. 19... -
NVIDIA's CEO Jensen Huang Goes All-In on China and Taiwan Nvidia CEO Jensen Huang is accelerating his Greater China expansion with a trip to Taiwan and China. In Taiwan, Jensen Huang was down-to-earth, enjoying oyster omelets with locals, and is expected to strengthen cooperation with TSMC... -
Chinese Youth Unemployment Drops, But Is It for Real? China's youth unemployment rate has fallen, but going to graduate school is still popular. Young people tend to choose graduate school due to employment difficulties, and only 8% of college graduates study abroad... -
Elon Musk: Legalizing Tesla's Cybertruck in China Could Be a Tough Road Tesla introduced the CyberTruck late last year. The origami-like, sharp-edged design has raised pedestrian safety concerns since its launch, which is probably why it will be difficult to get the trucks on European and Chinese roads. -
Elon Musk Visits Auschwitz and Denies Making Many Anti-Semitic Remarks Tesla CEO Elon Musk visited the Auschwitz death camp in an attempt to defuse an anti-Semitism controversy. Musk said his comments at the European Jewish Congress debate were innocent, and claimed that X has the least anti-Semitism... -
Trump Effect: High-Interest Rates Attract Strong Dollar U.S. Republican presidential candidate Donald Trump's rise to prominence in his party is expected to trigger a 'Trump effect' in financial markets, with U.S. Treasury yields rising and the strong dollar returning... -
Chinese Government Takes Control Over Unregulated Electric Vehicle Projects The Chinese government will control new electric vehicle projects in the country through tough measures, the Financial Times reported on January 22, 2024... -
Hyundai Urges U.S. Government for More Time on Chinese Minerals in Electric Vehicles Hyundai Motor Group has asked the U.S. government to include key minerals for electric vehicle batteries sourced from China in its subsidy program. Hyundai suggested that China include graphite in the list of key minerals because it is difficult for other countries to replace it in the short term... -
People Worldwide Quitting Tesla – Here's Why As the Arctic cold snap gripped the United States, news broke that Tesla's electric cars were draining across the country. Consumers are quickly turning their backs on Tesla because they don't know when their batteries will die and they have to worry about charging them... -
Korean Battery Industry Competes with China Focusing on the US IRA Despite the rapid growth of China's battery industry, it is expected to slow down due to overcapacity and the US-China conflict. Chinese battery makers are waging a low-cost offensive in the European market, and trilateral competition is expected to become more intense. -
U.S. Takes Big Step with Eco-Friendly Airplane Fuel [TheGuru=Soyoung Oh] Major US airlines are expanding their use of sustainable aviation fuel (SAF) in response to carbon neutrality. Local governments have offered significant tax incentives to support SAF production and use. The U.S. SAF market is expected to grow rapidly... -
The World's Wealthiest Female CEO A new study shows that women CEOs are the highest paid in the UK. -
Hong Kong Launches Bitcoin Investment Fund, Following the U.S. [TheGuru=Sung-Hwan Hong] Following the US, Hong Kong is expected to launch a Bitcoin spot exchange traded fund (ETF) soon. It is expected to be a good news for the crypto industry if it is actually launched. -
Chinese Automaker BYD Accused of 'Shamelessly Copying' Iconic Ford F150 in Pickup Truck Design BYD's Pickup Truck Test Leaks Looks Like a Ford Pickup TruckWill be officially unveiled in the first half of this year BYD, the Chinese electric car maker that beat Tesla to the top spot in Q4 sales last year. -
China's Economy Grows by 5.2% in 2023, But Slowdown Expected in 2024 Today Korea=Jin Min-seok reporter | China recorded a remarkable economic growth rate of 5.2% last year, the first year of the 'With Corona' program... -
Hyundai-Kia Gearing Up to Challenge Tesla's Dominance in the U.S. Market Hyundai and Kia are emerging as Tesla's biggest rivals in the U.S., taking over the No. 2 spot in the electric vehicle market. Experts expect Hyundai and Kia to maintain or widen their gap to other players this year with new EV models and pricing policies. -
SAIC Motor Corp. GOALS FOR 1.5 MILLION Overseas SELLING IN 2025 China's SAIC Motor Corp announced that it has set overseas sales targets of 1.35 million units in 2024, up 12% year-on-year, and 1.5 million units in 2025.
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