PDD Holdings – Charm

Super Typhoon Ragasa disrupts iPhone production, cross-border e-commerce in southern China

Cs news4 weeks ago02 mins

Super Typhoon Ragasa disrupted production of Apple’s iPhones in Shenzhen and crucial pre-holiday shipments by cross-border e-commerce merchants, as the year’s strongest storm barrelled towards southern China with heavy rain and hurricane-force winds. The world’s largest electronics contract manufacturer, Foxconn Technology Group, on Tuesday suspended assembly work at its Shenzhen unit – the innovative Product…

Chinese AI stocks to extend DeepSeek-driven run as Beijing counts on growth boost

Cs news3 months ago03 mins

Chinese artificial intelligence (AI) stocks are expected to defy a slowdown across industries, as the mainland relies on the technology to boost business efficiency and revive economic growth, according to investors and analysts. Companies including Meituan and Xiaomi were set to benefit from a wave of AI integration that would transform business models, according to…

PDD, Futu meet Hong Kong listing rules, 170 firms face US delisting risk: Goldman

Cs news6 months ago03 mins

E-commerce platform operator PDD Holdings and securities brokerage Futu Holdings are among 27 US-listed Chinese firms that could meet the listing requirements in Hong Kong, leaving at least 170 others at risk of being ejected from American stock exchanges, Goldman Sachs said. These 27 firms, which have a combined market capitalisation of US$191 billion, could…

Goldman Sachs: US$370 billion in Chinese firms’ ADRs at risk if US severs market ties

Cs news6 months ago02 mins

US individuals are more likely than institutional investors to sell American depositary receipts (ADRs) of Chinese companies if the Trump administration pursues a decoupling of the world’s two biggest stock markets, according to Goldman Sachs. American retail traders held about US$370 billion worth of ADRs, the US investment bank said in a report on Wednesday,…

DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD

Cs news8 months ago06 mins

DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD U.S.-listed Chinese stocks Alibaba Group Holding (NASDAQ:BABA), Baidu, Inc (NASDAQ:BIDU), JD.com, Inc (NASDAQ: JD), PDD Holdings Inc (NASDAQ: PDD), NIO Inc (NYSE: NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE: XPEV) gave up their gains Tuesday after the Trump administration decided to delay the suspension of duty-free entry for packages valued under $800. The…

2024’s Most Downloaded iPhone App Reveals Our Obsession With Deals

Cs news10 months ago03 mins

Temu tops 2024 Apple App Store downloads, surpassing TikTok and ChatGPT in popularity. The Chinese e-commerce app offers big discounts on a wide range of products. Americans appear to be exploring budget-friendly options through in-app deals. The App Store favorites of 2024 include social media platforms and one popular AI assistant, but the most downloaded…

2 reasons China stocks are popping on economic policy shift news

Cs news10 months ago03 mins

China stocks, including Alibaba (BABA), JD.com (JD), NIO (NIO), PDD Holdings (PDD), and Xpeng (XPEV), rise after officials indicated a shift in economic policy. The country says it will embrace a “moderately loose” monetary policy and take a “more proactive” approach to fiscal stimulus policy before President-elect Donald Trump’s return to the White House. KraneShares…

Meituan aims to launch drone deliveries in Hong Kong’s low-altitude economy

Cs news11 months ago03 mins

Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong,…