Asia

Asia

China Cross-Border E-Commerce Slows as Korean Platforms Gain Ground

[Alpha Biz= Paul Lee] Growth in China-origin cross-border online shopping into South Korea has sharply slowed this year, reflecting weakening price competitiveness and rising competition from domestic platforms.According to government data released o
Asia

Toyota Motor to Build Three New Plants in India to Triple Output by 2030s

Photo courtesy of Yonhap News [Alpha Biz= Paul Lee] Toyota Motor plans to accelerate its push into the Indian market by constructing three new vehicle manufacturing plants, aiming to expand its production capacity to around 1 million units annually b

Asia

CATL Raises $5 Billion in Hong Kong Share Sale as Clean Energy Demand Surges

CATL (Photo courtesy of CATL)[Alpha Biz= Paul Lee] Amid rising global demand for clean energy driven by Middle East tensions, CATL, the world’s largest battery maker, has raised approximately KRW 7 trillion through a major equity offering.According t
Asia

Samsung Electronics Reportedly to Exit Consumer Electronics and TV Sales in China

Samsung Electronics (Photo = Samsung Electronics)[Alpha Biz= Kim Jisun] Samsung Electronics is reportedly planning to withdraw from its consumer electronics and TV sales business in China within the year, according to Japan’s Nikkei on April 27.The r

Asia

Huawei to Invest Up to USD 17 Billion in Autonomous Driving Over Five Years

Photo courtesy of Yonhap News[Alpha Biz= Paul Lee] Huawei announced plans to invest up to CNY 80 billion (approximately USD 17 billion) over the next five years to strengthen its autonomous driving capabilities.Speaking at the “Qiankun Technology Con

Asia

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Taiwan's TSMC Stock Surges 13% on Stronger-than-Expected Earnings, Market Cap Exceeds $1 Trillion: Kim SangJin 10/18/2024 04:28 AM; [Alpha Biz= Reporter Kim Sangjin] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor foundry, sa ...

Iran Air Suspends All European Routes Due to EU Sanctions: Kim SangJin 10/16/2024 03:41 AM; [Alpha Biz= Reporter Kim Sangjin] Iran Air has announced the complete suspension of its European routes, as reported by Iranian se ...

OPEC Lowers Global Oil Demand Forecast for 2024 Amid Weak Data: Kim Jisun 10/15/2024 01:05 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Jisun] The Organization of the Petroleum Exporting Countries (OPEC) has once again lo ...

China Implements Anti-Dumping Measures on EU Brandy in Response to High Tariffs on Electric Vehicles: Kim SangJin 10/09/2024 08:54 PM; [Alpha Biz= Reporter Kim Sangjin] In response to the European Union (EU) imposing tariffs of up to 45.3% on Chinese electric vehic ...

Taiwan's Foxconn Announces Construction of World's Largest NVIDIA GB200 Chip Factory: Kim SangJin 10/09/2024 12:10 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Sangjin] On October 8, Taiwan's Foxconn (Hon Hai Precision Industry) announced that i ...

Fire Breaks Out at World's Top Battery Maker CATL's Factory in China—No Casualties Reported: Kim SangJin 09/30/2024 08:09 AM; Fire Breaks Out at Chinese Battery Manufacturer CATL’s Factory [Photo by Yonhap News] [Alpha Biz= Reporter Kim Sangjin] A fire br ...

"TSMC and Samsung Exploring $100 Billion Semiconductor Plant in UAE": Kim Jisun 09/24/2024 01:06 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Jisun] According to reports, the world’s top two semiconductor foundry companies, TSM ...

Nippon Steel is considering withdrawing its initial review application submitted to U.S. authorities regarding its acquisition plan and resubmitting it later.: Kim Jisun 09/19/2024 03:49 AM; [Alpha Biz= Reporter Kim Jisun] It has been reported that Nippon Steel is considering withdrawing its initial review application s ...

China's Midea Group Plans Up to $3.5 Billion IPO in Hong Kong: Kim SangJin 09/10/2024 02:07 AM; [Alpha Biz= Reporter Kim Sangjin] According to a Bloomberg report on September 9, Midea Group, China's largest home appliance manu ...

Hanjin Partners with AWOT to Lead China's E-commerce Logistics Market: Kim Jisun 09/09/2024 03:41 AM; [Alpha Biz= Reporter Kim Jisun] Hanjin has established a joint venture with AWOT Global Corporation, a leading Chinese logistics c ...

NIO Soars 14% on Record-Breaking Sales: Kim SangJin 09/06/2024 07:10 AM; [Alpha Biz= Reporter Kim Sangjin] Chinese electric vehicle manufacturer NIO has seen its stock surge over 14% on the U.S. stock ma ...

Severe Layoffs Hit China's Securities Industry: Kim SangJin 09/03/2024 01:31 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Sangjin] The Chinese securities industry is experiencing significant layoffs as part ...

Thailand Extradites Main Suspect of $18 Billion Cryptocurrency Pyramid Scam to China: Kim SangJin 08/26/2024 01:15 AM; Photo = Capture of South China Morning Post homepage [Alpha Biz= Reporter Kim Sangjin] A Malaysian national accused of leading a m ...

In China, battery-related accidents occur daily, but manufacturers are not disclosing information.: Kim SangJin 08/20/2024 09:48 AM; Chinese Cars Heading for Export" (Photo: Yonhap News)[Alpha Biz= Reporter Kim Sangjin] Concerns about electric vehicle (EV) batter ...

Chinese Semiconductor Equipment Maker AMEC Sues U.S. Department of Defense to Overturn Sanctions: Kim SangJin 08/19/2024 01:24 AM; [Alpha Biz= Reporter Kim Sangjin] China's AMEC, a major etching equipment manufacturer often referred to as the "Lam Research of C ...

Chinese EV Maker BYD and ZEEKR Enter Japanese Market, Will Start Selling SUVs and More from Next Year: Kim Minyoung 08/14/2024 03:23 AM; [Alpha Biz= Reporter Kim Minyoung] According to a report by the Nikkei on August 13, Chinese luxury electric vehicle (EV) brand Ze ...

Japanese Stock Market Relieved After Central Bank Signals No Rate Hike: Kim Minyoung 08/08/2024 03:26 AM; (Photo= Yonhap news) [Alpha Biz= Reporter Kim Minyoung] On August 7th, the Japanese stock market rose significantly after Japan's ...

Asia's Worst Day: Samsung Electronics, SK Hynix, and TSMC Plunge 10%: Kim SangJin 08/06/2024 03:55 AM; (Photo= Yonhap news) [Alpha Biz= Reporter Kim Sangjin] On the 5th, Asian stock markets, including South Korea's, experienced a dra ...

China Initiates Bankruptcy Proceedings for Anbang Insurance, Once Valued at 380 Trillion KRW: Kim SangJin 08/05/2024 04:25 AM; [Alpha Biz= Reporter Kim Sangjin] Chinese authorities have approved bankruptcy proceedings for Anbang Insurance, which once had as ...

Honda, Nissan, and Mitsubishi, Japan's 2nd, 3rd, and 4th largest automakers, have joined forces to strengthen their alliance.: 김지선 08/02/2024 06:55 AM; [Alpha Biz= Reporter Kim Jisun] According to Yonhap News on the 1st, Japanese automakers Honda, Nissan, and Mitsubishi Motors held ...

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Headline

Designer Claims BLACKPINK’s Jisoo Failed to Return Borrowed Outfits, Says Issue Moving Toward Resolution

JW Pharmaceutical Faces 3-Month Sales Suspension Following Rebate Conviction

KakaoBank Eyes KRW Stablecoin Ecosystem and Capital Firm M&A for Long-Term Growth

Most read

1: Samsung Electronics Ordered to Pay $392M Patent Fee to ZTE Under UK Court Ruling

2: POSCO Future M Secures Exclusive Solid-State Cathode Deal with Japanese Automaker

3: K-Beauty Boom Lifts Exports, but Earnings Divergence Widens Across Cosmakers

4: Bad Loans Written Off by Korea’s Big Four Financial Groups Near Record KRW 3 Trillion

5: NAVER, Kakao Struggle to Rebound Despite Earnings Growth

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