Walmart Plans to Sell $3.7 Billion Worth of Shares in JD.com
US retail giant Walmart is reportedly seeking to raise up to $3.74 billion by selling its stake in Chinese e-commerce…
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California car insurance may skyrocket by 54% this year due to three reasons
The California government’s attempts to legislate a solution to the insurance industry crisis have yet to show tangible effects. On…
Xiaopeng Motors Reports Net Loss of Over 2.6 Billion RMB in First Half of the Year, Chinese Electric Vehicle Companies Generally Operating at a Loss.
Recent days, several Chinese electric car companies have released their financial reports for the first half of 2024. According to…
Most Chinese Listed Property Companies Announce Half-Year Results, Most Still in Loss
China’s listed real estate companies showed mostly losses in the first half of 2024 according to their semi-annual reports. This…
Japan vigorously expands new seafood market in response to CCP ban.
Japan External Trade Organization (JETRO) officials have announced an increased effort in promoting the export of seafood from Japan to…
Third-country rerouting emerges as a trend to avoid complicating Sino-Russian trade sanctions.
In response to the constraints of the U.S. secondary sanctions, trade between Russia and China is becoming increasingly complex. Chinese…
Layoffs Surge in China’s Banking Industry: Four Banks Cut Over Four Thousand Jobs in Six Months
In the midst of the ongoing economic downturn and operational pressures, the so-called “iron rice bowl” of the Chinese banking…
Housing market slump: Country Garden China expected to incur $2.1 billion loss in six months
As the impact of the sluggish real estate market continues, China’s Evergrande Group announced on Tuesday, August 20, that it…
Swiss watch exports strong to the United States and Japan, while the Chinese market shrinks significantly.
Swiss watch exports saw a slight profit in July thanks to a strong demand from the United States and Japan,…
EU Releases Draft Results of Anti-Subsidy Probe into Chinese Electric Cars
The European Commission on Tuesday (August 20) released the “Draft Definitive Findings of Anti-Subsidy Investigation into Imports of Battery Electric…