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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Due to the 7.4 earthquake in Taiwan, TSMC staff evacuated: Paul Lee 04/04/2024 03:48 AM; TSMC office building. Photo = TSMC homepage[Alpha Biz= Reporter Paul Lee]While TSMC, a local foundry company, ordered to evacuate ...

BYD sold 300,000 electric cars in the first quarter.. Tesla estimates 450,000: Kim Jisun 04/03/2024 03:30 AM; Chinese electric car BYD model exhibition hall (photo = BYD)[Alpha Biz=(Chicago) Reporter Kim Jisun] BYD, a major Chinese automake ...

The Japanese royal family has begun SNS communication... 300,000 followers on the first day of Instagram: Paul Lee 04/02/2024 04:02 AM; (사진=일본 왕실 SNS) [Alpha Biz=(Chicago) Reporter Paul Lee] The Internal Affairs Office, which is in charge of the Japanese royal famil ...

Xiaomi's first electric car sold over 50,000 units in half an hour: Kim Jisun 04/01/2024 03:44 AM; Xiaomi electric car SU7 released (photo = Yonhap news) [Alpha Biz=(Chicago) Reporter Paul Lee] Chinese electronics company Xiaomi ...

President Xi Jinping Meets Representatives of U.S. Business: Paul Lee 03/28/2024 03:16 AM; Chinese President Xi Jinping. (Photo=Yonhap News)[Alpha Biz=(Chicago) Reporter Paul Lee] Chinese President Xi Jinping met with the ...

Chinese government eliminates US Intel and AMD chips: Paul Lee 03/25/2024 01:23 AM; The Intel logo. (Photo=Intel)[Alpha Biz=(Chicago) Reporter Paul Lee] China has introduced a new procurement guideline to remove pe ...

Taiwan Stock Market Breaks 20,000 Mark for the First Time: Paul Lee 03/22/2024 07:33 AM; Taiwan TSMC headquarters (photo = Yonhap news)[Alpha Biz=(Chicago) Reporter Paul Lee] Taiwan's stock market has hit an all-time hi ...

Tencent posted a weaker-than-expected 7% increase in sales in the fourth quarter due to a drop in game sales: Kim Jisun 03/21/2024 06:45 AM; (Photo = Yonhap news)[Alpha Biz=(Chicago) Reporter Paul Lee] China's Tencent (Tencent Holdings) said on the 20th that its sales ro ...

Ali Express "provides 100 billion won in shopping support to Korean consumers and sellers": Kim Jisun 03/20/2024 03:54 AM; [Alpha Biz=(Chicago) Reporter Kim Jisun] Ali Express announced on the 19th that it will launch "100 billion Festa" to provide more ...

Incheon International Airport Corporation has signed a 4 trillion won contract for the Philippine airport development project: Kim Jisun 03/19/2024 03:50 AM; Photo = Incheon International Airport Corporation [Alpha Biz=(Chicago) Reporter Kim Jisun] Incheon International Airport Corporati ...

Taiwan TSMC Kaohsiung 2nano factory is scheduled to be completed at the end of this year: Paul Lee 03/18/2024 03:25 AM; (Photo=TSMC)[Alpha Biz=(Chicago) Reporter Paul Lee] A state-of-the-art 2nm plant built in Kaohsiung in southern Taiwan by TSMC, th ...

Sales of Huawei, China's largest IT company, surpassed 700 billion yuan (about 128 trillion won) again.: Kim Jisun 03/15/2024 03:22 AM; (Photo = Alphabiz)[Alpha Biz=(Chicago) Reporter Kim Jisun] Sales of Huawei, China's largest IT company, surpassed 700 billion yuan ...

"Japan's largest wage increase agreement in 25 years, including Toyota.": Paul Lee 03/14/2024 03:22 AM; (Photo = Yonhap news)[Alpha Biz=(Chicago) Reporter Paul Lee] Japanese conglomerates, including the world's largest automaker Toyot ...

Moody's, an international credit rating agency, has downgraded the credit rating of China's second-largest real estate company Vanke to "ineligible investment.": Paul Lee 03/13/2024 03:56 AM; [Alpha Biz=(Chicago) Reporter Paul Lee] Moody's, an international credit rating agency, has downgraded the credit rating of China' ...

China's electric vehicle exports have grown rapidly in recent years: Paul Lee 03/12/2024 06:46 AM; Hyundai Electric Vehicle Production Line (Photo=Hyundai Motor)[Alpha Biz=(Chicago) Reporter Paul Lee] China's electric passenger c ...

Four European countries invest $100 billion in India: Paul Lee 03/10/2024 11:31 PM; [Alpha Biz=(Chicago) Reporter Paul Lee] The European Free Trade Union (EFTA) of four European countries -- Switzerland, Norway, Ic ...

Bithumb ends its free transaction fee policy. From the 5th, 0.04% rate will be applied: 폴 리 02/05/2024 02:03 AM; [Alpha Biz=(Chicago) Reporter Paul Lee] Virtual asset exchange Bithumb ends its free policy of virtual asset transaction fees.It h ...

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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

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

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

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

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

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

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