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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Foxconn has established a new business unit in China, investing $13.8 billion.: Kim SangJin 07/25/2024 07:06 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Sangjin]Foxconn, Apple's largest partner, is set to invest $13.8 billion to establish ...

Amazon to Launch Prescription Drug Delivery Service in Japan: Kim Jisun 07/24/2024 12:15 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Jisun] On the 22nd,Nikkeireported that Amazon Japan will start an online prescription ...

UBS Warns of Potential Chinese Economic Turmoil if Trump Returns to White House: Kim SangJin 07/17/2024 03:21 AM; [Alpha Biz= Reporter Kim Sangjin] According to Bloomberg on the 15th, UBS economists, including Wang Tao, have forecasted that if ...

TSMC has become the second global semiconductor company after NVIDIA to surpass a market capitalization of $1 trillion (approximately 1,381 trillion won).: Kim Jisun 07/10/2024 03:40 AM; TSMC[Alpha Biz= Reporter Kim Jisun]TSMC, trading on the New York Stock Exchange, has become the second global semiconductor compan ...

On July 4th, both the Japanese and Taiwanese stock markets simultaneously hit all-time highs.: Kim SangJin 07/05/2024 06:47 AM; [Alpha Biz= Reporter Kim Sangjin] On July 4th, both the Nikkei 225 and TOPIX indices in Japan reached record highs. The Nikkei ind ...

JP Morgan recently added Indian government bonds to its emerging market bond indices.: Kim SangJin 07/01/2024 03:10 AM; [Alpha Biz= Reporter Kim Sangjin] According to the Financial Times on June 27 (local time), over $40 billion worth of Indian gover ...

Amazon to Launch 'Ultra-Low Price Section' Targeting China's Temu and Shein: Kim Minyoung 06/28/2024 08:36 AM; [Alpha Biz= Reporter Kim Minyoung] Amazon, facing fierce competition from Chinese e-commerce platforms Temu and Shein, is planning ...

Honda motorcycle 'Super Cub' is discontinued: Kim SangJin 06/25/2024 03:10 AM; [Alpha Biz= Reporter Kim Sangjin] Honda Motor has decided to end production of motorcycles with a displacement of less than 50cc. ...

Nissan Motor in Japan has closed its first factory in China, reportedly due to competition from Chinese electric vehicles: Kim Jisun 06/24/2024 06:44 AM; [Alpha Biz= Reporter Kim Jisun] According to a report by Nikkei on the 22nd, Nissan Motor in Japan has closed its first factory in ...

Adidas' Chinese subsidiary is under investigation for large-scale bribery allegations.: Kim SangJin 06/18/2024 03:51 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Sangjin]On the 16th (local time), the Financial Times reported that global apparel br ...

Saudi Arabia Joins CBDC Project Among Countries Including China.: Kim Jisun 06/10/2024 03:14 AM; (Photo= Yonhap news) [Alpha Biz= Reporter Kim Jisun] It has been reported that the Central Bank of Saudi Arabia has joined the Cen ...

A TSMC subsidiary is constructing a semiconductor plant in Singapore, investing 11 trillion won.: Kim Jisun 06/07/2024 06:02 AM; [Alpha Biz= Reporter Kim Jisun] According to CNBC and other global economic media outlets on the 6th (local time), a subsidiary of ...

The Japanese steel company has already suspended night shifts and initiated ad-hoc operational halts.: Kim Jisun 06/05/2024 07:34 AM; [Alpha Biz= Reporter Kim Jisun] According to the steel industry in Japan, they have been reducing their facilities and operating f ...

Five Japanese car manufacturers, including Toyota, are under investigation by the Japanese government for suspected certification irregularities.: Kim SangJin 06/04/2024 08:09 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Sangjin] According to Nikkei on the 3rd, the Ministry of Land, Infrastructure, Transp ...

China has become South Korea's largest export destination: Kim SangJin 06/03/2024 04:06 AM; (Photo= Yonhap news) [Alpha Biz= Reporter Kim Sangjin] In May, South Korea's exports increased by 11.7% compared to May of the pre ...

Alibaba has become a major shareholder in Moonshot, often dubbed as the 'Chinese version of OpenAI,' by investing 1 trillion won.: Kim Minyoung 05/27/2024 03:38 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Minyoung] Alibaba Group has become a major shareholder in the artificial intelligence (AI) startup, Moonshot, often dubbed as the 'Chin ...

Taiwan's TSMC achieves record-high market share in foundry services.: Kim Jisun 05/27/2024 03:09 AM; TSMC[Alpha Biz= Reporter Kim Jisun] In the first quarter of this year (January to March), global revenue for semiconductor foundri ...

SoftBank of Japan is planning to issue corporate bonds worth 4.8 trillion won.: Kim SangJin 05/21/2024 03:25 AM; Softbank Chairman Son Jung-eui. (Photo=Reuter Yonhap News)[Alpha Biz= Reporter Kim Sangjin] SoftBank Group, led by Chairman Masayo ...

Toshiba Japan is implementing a restructuring plan targeting up to 4,000 domestic employees amidst serious management difficulties.: Kim Jisun 05/17/2024 02:00 AM; Toshiba Japan. (Photo = Yonhap news)[Alpha Biz= Reporter Kim Jisun] According to reports from Nikkei and NHK on the 16th, Toshiba ...

JP Morgan has upgraded its rating on NIO stock to Neutral, setting a new target price of $5.4.: Kim Minyoung 05/16/2024 06:39 AM; (Photo= Yonhap news)[Alpha Biz= Reporter Kim Minyoung] According to CNBC on the 15th (local time), JP Morgan has upgraded its rati ...

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Headline

Woori Bank Selected as Preferred Bidder for National Pension Service’s FX Custody Mandate Worth KRW 886 Trillion in Overseas Assets

Hyundai Marine Exposure Estimated at KRW 10 Billion in HMM Namu War Risk Insurance Case

Prosecutors Again Reject Arrest Warrant for HYBE Chairman Bang Si-hyuk Over IPO Fraud Allegations

Most read

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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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