China Financial News

TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to U.S.

investment strategies in Asia. Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near-record-low valuations for Chinese stocks.

Mattala Rajapaksa International Airport for 30 years. The airport is near Hambantota, where China operates a port on lease. The airport, built at a cost of $209 million, was once dubbed the «world's emptiest airport» because of a lack of flights. It is strategically located close to the Hambantota port on the southern coast of Sri Lanka.

India’s swift and preemptive action against TikTok could be a feature that plays out in American courts as the ByteDance-owned firm is likely to challenge the US move to ban its video-hosting service, Federal Communications Commission (FCC) commissioner Brendan Carr told ET in an exclusive interaction. Carr’s comments come close on the heels of a stringent directive issued to the popular app by US President Joe Biden on Wednesday. He signed a bill that requires TikTok’s Chinese parent ByteDance to divest ownership of the app or face the ban in the next nine to 12 months. ByteDance said it is not considering selling the app with TikTok CEO Shou Zi Chew asserting that the facts and the US Constitution were on the company’s side. TikTok’s official account on microblogging platform X has been stating that a potential ban on its app in the US would “trample the free speech” of 170 million Americans.

Apple's iPhone is facing pressure from resurgent and aggressive local brands in China. The biggest threat it faces is from Huawei Technologies Co which has been in a geopolitical chokehold of the US which had sanctioned it to throttle its sources of cutting-edge technology. But now it seems Huawei has managed to achieve on its own what the US had been preventing it to. A smartphone it released last year had surprised the US, indicating that Huawei was able to spring back from the crippling impact of sanctions. In the backdrop of these technological and geopolitical tussles, Apple is suddenly losing its base in China. As Huawei, which produces high-end phones that compete with Apple's, manages to continue rapid innovation, Apple's iPhone faces an almost existential threat in China. Some might see its India entry as a counter to the looming threat.

Copper and aluminium, the most used industrial metals, have gained substantially in the past few weeks. The rally was associated with supply uncertainties and a notable increase in global demand. The Western ban on Russian metals, hopes of US rate cuts, and diversification of holdings of central banks also uplifted the sentiments. Copper futures are hovering near lifetime highs in the key Chinese markets, while they are trading at two-year highs on futures platforms like LME and MCX. Aluminium prices are currently at record levels in Indian markets, gaining over 20 percent since the start of the year.

afflicts rich and poor countries alike. With barriers to commerce rising, high interest rates contining to bite and regulators bridling at takeovers, such liaisons are becoming the go-to way to enlarge a business empire, as the recent actions of companies including Disney, Ford and Microsoft illustrate. Call it the age of the quasi-merger.

China's industrial firms rose 4.3% in the first quarter from a year earlier, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy. The jump was slower than a 10.2% rise in the first two months, National Bureau of Statistics (NBS) data showed.

Amazon reporting results will keep investors' focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out.

Huawei Technologies Co's latest smartphones carry a version of the advanced made-in-China processor it revealed last year, independent analysis revealed, underscoring the Chinese company's ability to sustain production of the controversial chip. The Pura 70 series Huawei unveiled last week sports the Kirin 9010 processor, consultancy TechInsights found in a teardown of the device. That's a newer version of the Kirin 9000s made by Semiconductor Manufacturing International Corp. for the Mate 60 Pro, which alarmed officials in Washington who thought a 7-nanometer chip beyond China's capabilities.

Yao Qian, the influential figure behind China’s central bank digital currency (CBDC) project, is currently under investigation for suspected “violations of discipline and law.”

Vietnam's National Assembly has resigned, the ruling Communist Party said Friday, one of the most senior leaders to fall in a sweeping anti-corruption purge. Vuong Dinh Hue asked to step down because of «violations and shortcomings», the party said in a statement on its website.

cryptocurrency, also saw a decline of over 3% to $3,156. Other major cryptocurrencies also experienced declines, with Solana (-6.8%), XRP (-4%), Dogecoin (-6.4%), Toncoin (-6.5%), Cardano (-6%), Shiba Inu (-7.7%), and Avalanche (-9.1%) all registering losses.

BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year.

China’s vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show

Mint that the country will be a production and export hub for both brands. HMD will start introducing its own brand of devices – smartphones, feature phones, tablets, wearables and hearables – in the coming quarters, while continuing to introduce Nokia smartphones and feature phones across markets, Kunwar added. “We’re looking at India as a sourcing hub and supply-chain hub.

Aussiebum, Australian brand of men's swimwear, underwear, and clothing plans to establish its own manufacturing unit in India to produce for domestic and global markets, Sean Ashby founder and CEO of the company told ET. The brand aim to capture 3-5% share of the innerwear market in India by 2026 and has already started selling online. “This localized production will create employment opportunities while enabling aussieBum to seamlessly blend Indian talent and resources into its design and innovation process,” said Ashby.

Tesla Inc. co-founder JB Straubel wasn’t content with simply reinventing the automobile for the 21st century. He left in 2019 feeling he needed to redesign the global supply chain for the electrified future, too. That’s exactly what he’s been doing for the last five years. The company he built, Redwood Materials, is now the largest battery recycler in North America, and it’s using those recycled materials to manufacture complex battery components that have traditionally been imported from abroad, largely from China. Straubel recently opened the doors for a first peek at the 300-acre industrial campus he’s built in the western Nevada desert. He said it hasn’t been easy.

TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The algorithms TikTok relies on for its operations are deemed core to ByteDance's overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent.

Joe Biden inked a legislation to ban or force a sale of Chinese app TikTok. While passing the bill, the US Congress members said the app presents a national security threat as long as it is controlled by or connected to ByteDance. However, TikTok has strongly denied the allegations saying it has never share US user data with Beijing and it will never do so.

Tata Electronics is now working to internally develop «very sophisticated» and complex high-precision machines used to produce the casing of these iPhone, sources told ET. The company has tied up with two Indian manufacturers to develop capabilities for it and plans to also export these complex machines in the future. So far, the Tatas imported these from China.