China’s second-largest e-commerce company JD.com reported a 23% growth in revenue despite a drop in consumption and increasing competition in the market, reports Bloomberg. Sales climbed to RMB 275.9 billion ($43.6 billion) during the December quarter, compared with the RMB 274.9 billion average of analyst forecasts. It reported a net loss of RMB 5.2 billion, […]
Category: Markets
Factory inflation in China was at the slowest annual pace in eight months in February, but analysts foresee an increase in the near future thanks to growing global commodity prices, reports Reuters. The producer price index (PPI) increased 8.8% on year, the National Bureau of Statistics (NBS) said in a statement on Wednesday, easing from […]
The Chinese government will no longer be involved in the approval of initial public offerings and allow a system akin to bourses in the West where stock exchange operators can perform the auditing function, in the hopes that more startups will look to list, reports Nikkei Asia. All major exchanges will transition from a licensing […]
The first two months of 2022 saw China’s imports of integrated circuits (ICs) fall 4.6% year-on-year, marking the first drop in the metric since the start of 2020, reports the South China Morning Post. China imported 91.9 billion IC units in January and February, according to data from the General Administration of Customs, but the […]
China came out top in electric vehicle (EV) exports in 2021, delivering almost 500,000 units thanks to rising sales in Europe and Southeast Asia by a growing number of cost-competitive manufacturers, reports Nikkei Asia. According to the General Administration of Customs of China, the number of passenger EVs exported in 2021 increased 2.6 times to […]