BYD's net income in Q3 alone is just shy of RMB9.97 billion, the securities firms’ consensus forecasted profit for the whole year.
Chinese media said the worldwide daily active users (DAUs) on TikTok platform hit 1 billion at afternoon on October 18, making it the world's fifth app that has over 1 billion DAUs. But TikTok insider later denied the report.
The six major banks issued 9.53 Trillion RMB ($1.32 trillion) loans, accounting for more than half of the total RMB loan growth in the first three quarters.
Despite the fluctuations from month to month, the Chinese economy generally continues to recover.
The company transformed from a game company to an AR and VR content service provider, and part of the funds raised will be used to develop its metaverse platform within three years.
BMW was recently reported to stop producing electric Minis in its Cowley plant. With the partnership with Chinese automaker Great Wall Motor through a joint venture, BMW was said to make the hatchback and small SUV electric Minis as well as Mini Aceman in China.
Shanghai introduced a series of measures such as the distribution of e- vouchers to boost consumption, leading to a significant consumption rebound in mid- to high-end shopping centers, but leasing demand is still weak.
Underlining how brutal the competition in EV would be, Lei Jun expected the world’s top five brands will hold more than 80% of the market share if the sector is developed into a mature one.
HKEX plans to lower the minimum revenue requirement for high tech companies to HK$250 million in the most recent fiscal year from HK$500 million previously.
Given most companies listed in Hong Kong are from mainland China, the FRC has prioritized further establishing regulatory cooperation with the mainland.
