South Korea fines Google $32 mln for blocking games on competing platform

Fed might not need to hike rates in May as economy slows, says BlackRock

BEIJING, April 10 (Reuters) - China’s Wuling Motors is offering up to 10,000 yuan ($1,454) in subsidies including cash discounts on new energy models until May 31, the company said in a statement on Monday.
The Wuling Hongguang Mini EV, which Wuling Motors makes through a partnership with SAIC Motor Corp and General Motors, is one of the best selling EV models in China. ($1 = 6.8760 Chinese yuan renminbi)

China's Wuling Motors offers up to 10,000 yuan in subsidies until May 31

Currently in production is the first phase of BYD's Zhengzhou base, with a planned annual capacity of 400,000 vehicles. The post BYD's new plant in central Chinese city Zhengzhou goes into operation appeared first on CnEVPost. For more articles, please visit CnEVPost.

BYD's new plant in central Chinese city Zhengzhou goes into operation

April 6 (Reuters) - Hong Kong stock exchange filing:
* JPMORGAN CHASE & CO'S LONG POSITION IN HONG KONG SHARES OF BILIBILIREDUCED TO 8.99% ON MARCH 31 FROM 9.23% - HKEX FILING
Source text
Further company coverage:

JPMorgan's Long Position In Hong Kong Shares Of Bilibili Falls To 8.99% - HKEX Filing

April 4 (Reuters) - Alibaba Group Holding Ltd:
* FITCH- ALIBABA MAY ALSO BE ABLE TO UNLOCK VALUE VIA SPIN-OFFS OR IPOS (CORRECTS SOURCE)
* FITCH RATINGS: ALIBABA’S NEW STRUCTURE TO BOOST ACCOUNTABILITY, TRANSPARENCY
* FITCH-DO NOT EXPECT NEW STRUCTURE TO BRING ABOUT AN IMMEDIATE CHANGE IN ALIBABA'S CREDIT PROFILE
* FITCH- DO NOT THINK STRUCTURAL SUBORDINATION OF ALIBABA'S CURRENT DEBT WOULD BECOME A MATERIAL CREDIT ISSUE

Fitch Ratings Says Alibaba’s New Structure To Boost Accountability, Transparency

Wang Xing has cashed out HK$420 million in the past half month by cutting his stake in Li Auto, but remains the NEV maker's largest external shareholder. The post Meituan CEO Wang Xing cuts holdings in Li Auto appeared first on CnEVPost. For more articles, please visit CnEVPost.

Meituan CEO Wang Xing cuts holdings in Li Auto

ROME, April 2 (Reuters) - Italy’s deputy prime minister on Sunday criticised a decision by the government’s Data Protection Authority to temporarily ban chatbot ChatGPT, saying the block over privacy concerns seemed excessive.

Italian minister says country's ban on ChatGPT is excessive

April 1 (Reuters) -

* REVENUE AT TIKTOK OWNER BYTEDANCE ROSE MORE THAN 30% IN 2022, TOPPED $80 BILLION - THE INFORMATION Source text [http://bit.ly/42ZJEfk]

Revenue At Tiktok Owner Bytedance Rose More Than 30% In 2022, Topped $80 Billion - The Information

Tesla's poster mentions "Supercharging," suggesting that the product could be its latest charging device. The post Tesla teases new product launch in China on Apr 3 appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla teases new product launch in China on Apr 3

Alibaba's logistics subsidiary, Cainiao Network Technology, has begun working with banks on preparations for its Hong Kong IPO, according to anonymous sources. The company is targeting a listing by the end of 2021 and has not yet decided on the IPO size. Cainiao is currently valued at over $20 billion. China International Capital Corp and Citigroup are reportedly among the banks involved in the preparations. Alibaba announced earlier this week that it would split into six units and consider fundraisings or IPOs for most of them.

Alibaba's logistics unit gears up for Hong Kong IPO - Bloomberg News

Alibaba will divide itself into six parts including Chinese marketplace, e-commerce, cloud, local services, logistics and entertainment to materialize the value of the group and reduce its hold. Investors welcomed the move, as competition increases in all businesses of the company. Entities will independently increase their value with a separate CEO and board of directors, aiming for a listing. Alibaba will reduce investments in other international companies, continue share buyback, and choose whether or not to retain stakes in the new companies resulting from the split.

Alibaba: Divide and conquer?

Apple is reported to raise the price of its iPhone 15 Pro and iPhone 15 Pro Max, but the larger model is said to exclusively arrive with a periscope zoom camera, hence justifying the company’s decision somewhat. However, as Apple looks to increase its margins by bringing in more exclusive features for its ‘Pro’ models, […] The post iPhone 15 Pro Max To See A Price Hike This Year, But Its Periscope Camera Lens Supplier Will Reportedly Not Make A Profit by Omar Sohail appeared first on Wccftech.

iPhone 15 Pro Max To See A Price Hike This Year, But Its Periscope Camera Lens Supplier Will Reportedly Not Make A Profit

"Tesla China will soon push a major update to Autopilot," a well-known car blogger wrote on Weibo. The post Tesla rumored to be pushing major Autopilot update in China soon appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla rumored to be pushing major Autopilot update in China soon

March 26 (Reuters) - First Citizens BancShares Inc (FCNCA.O) was in advanced talks to acquire Silicon Valley Bank (SIVB.O) and was close to making a deal, a Bloomberg News reporter tweeted on Sunday.

First Citizens said to near deal for Silicon Valley Bank -Bloomberg News

March 25 (Reuters) - Sheikh Jassim bin Hamad Al Thani has submitted a new bid to buy Manchester United which is believed to be worth around 5 billion pounds ($6.12 billion), Sky News reported on Saturday.

‍Soccer-Qatar's Al Thani submits new $6 bln bid for Manchester United - Sky News​

我们和互联网的交互模式可能会就此颠覆。

联网之后的 ChatGPT，已经远不止 “iPhone 时刻” 那么简单

March 23 (Reuters) - Arm Ltd, owned by Japan’s SoftBank Group Corp (9984.T) , is seeking to raise prices for its chip designs, as it aims to boost revenue ahead of an initial public offering in New York, the Financial Times reported on Thursday.

Softbank-owned Arm seeks to raise prices ahead of U.S. IPO - FT

Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.

Tencent's online ad revenue grows for the first time in more than a year

Advanced Micro Devices stock (NASDAQ: AMD) has gained about 50% year-to-date, considerably outperforming the broader S&P 500.

Why AMD Stock Appears Overvalued

NIO's management previously said they expect lithium carbonate prices to fall back to RMB 200,000 per ton this year, boosting gross margins back up. The post Lithium prices see biggest drop this year in China as decline accelerates appeared first on CnEVPost. For more articles, please visit CnEVPost.

Lithium prices see biggest drop this year in China as decline accelerates

Six imported units of the new Tesla Model S and Model X arrived at Yangshan Port in Shanghai on February 28. The post New batch of 867 new Tesla Model S and Model X imported to China appeared first on CnEVPost. For more articles, please visit CnEVPost.

New batch of 867 new Tesla Model S and Model X imported to China

March 15 (Reuters) -

* BERKSHIRE HATHAWAY BUYS ABOUT 7.9 MILLION ADDITIONAL OCCIDENTAL PETROLEUM SHARES - SEC FILING Source text: [https://bit.ly/3Lvt7JV] Further company coverage: (BRKa.N)

Berkshire Hathaway Buys About 7.9 Mln Additional Occidental Petroleum Shares - SEC Filing

SHANGHAI, March 15 (Reuters) - China’s central bank ramped up liquidity injections when rolling over maturing medium-term policy loans for a fourth month in a row on Wednesday, while keeping the interest rate unchanged, matching market expectations.

China central bank ramps up fund injection via medium-term policy loans, rate unchanged

March 14 (Reuters) - The failures of Silicon Valley Bank and Signature Bank has led the U.S. Federal Reserve to reconsider a number of its own rules related to midsize banks, the Wall Street Journal reported on Tuesday.
The Fed may potentially extend restrictions that currently only apply to the biggest Wall Street firms, the report said, adding firms with between $100 billion to $250 billion in assets could be targeted.

U.S. Fed to consider tougher rules for midsize banks after SVB, Signature failures -WSJ

Japan's Nikkei drops as SVB collapse crushes bank stocks; autos slump

TOKYO, March 13 (Reuters) - Japan’s financial companies are unlikely to see a big impact from the collapse of Silicon Valley Bank in the United States, the chief government spokesman said on Monday.
Japan’s financial institutions are supported by sufficient liquidity and capital bases overall, Chief Cabinet Secretary Hirokazu Matsuno told reporters.

Japan financial system unlikely to see big impact from SVB collapse - gov't spokesman

HONG KONG, March 13 (Reuters) - Over a dozen Hong Kong-listed companies have stepped forward to say they had little or no exposure to Silicon Valley Bank, the failed U.S. lender which has roiled investors and markets globally.

Over a dozen Chinese-based firms say they have minimal exposure to SVB

March 11 (Reuters) -

* BANK OF LONDON WEIGHS RESCUE BID FOR UK ARM OF SILICON VALLEY BANK - SKY NEWS Source text : https://bit.ly/3T6vzbu Further company coverage:

Bank Of London Weighs Rescue Bid For UK Arm Of Silicon Valley Bank - Sky News

Silicon Valley Bank's demise began with downgrade threat -sources

At his last press conference U.S. Federal Reserve Chair Jerome Powell said confidently a “disinflationary process” had begun, showing a “gratifying” corner had been turned even as he pledged the central bank’s fight against rising prices was not over.
But inflation data since his Feb

Fed's Powell, in Hill appearance, to update views on status of 'disinflation'

US Global Investors Inc (GROW.O) :
* U.S. GLOBAL INVESTORS CONTINUES SHARE REPURCHASES IN FEBRUARY AND PROVIDES UPDATE ON FINANCIAL STATEMENTS

U.S. Global Investors Continues Share Repurchases In February

Hong Kong Exchanges and Clearing (0388.HK)  said on Friday the expansion of eligible shares under its Stock Connect programme, which enables shares listed in the country to be included in Southbound trading, would take effect from March 13.
Stock Connect is a mutual market access programme through which investors in mainland China and Hong Kong can trade and settle shares listed on the other market through the stock exchanges and clearing houses in their home market

Hong Kong bourse's expansion of Stock Connect to begin from March 13

Elon Musk has clashed often with securities regulators and highway safety authorities, but there’s one area the Tesla and Twitter chief says the government should regulate now: Artificial Intelligence.
“AI stresses me out,” Musk said near the end of a more than three-hour presentation to Tesla investors about company plans

Musk: 'AI stresses me out'

On February 28, 6 units of the new Tesla Model S and Model X entered Chinese customs, according to local media. The post Tesla's new Model S and Model X being imported into China as deliveries near appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla's new Model S and Model X being imported into China as deliveries near

China’s manufacturing activity expanded more than expected in February and marked the fastest pace since April 2012, official data showed on Wednesday, as consumer sentiment gathered momentum on easing of the country’s COVID-19 restrictions.
The official manufacturing purchasing managers’ index (PMI) stood at 52.6 against 50

China Feb manufacturing activity expands fastest since April 2012 - official PMI

General Motors Co  (GM.N)  is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday.
The global reductions are in the “low hundreds,” the person said

GM cutting hundreds of jobs to reduce costs

* CEREBRAL SAYS REDUCING THE SIZE OF OUR WORKFORCE BY ABOUT 15 PERCENT

Cerebral Says Reducing The Size Of Our Workforce By About 15 Percent

英伟达再度站上风口

* TENCENT IN TALKS TO SELL META&#39;S QUEST 2 VR HEADSET IN CHINA - WSJ Source text: [https://on.wsj.com/3XHejug] Further company coverage: (0700.HK)
((Reuters.Briefs@thomsonreuters.com;))

Tencent In Talks To Sell Meta's Quest 2 VR Headset In China - WSJ

Chinese fintech giant Ant Group (688688.SS) said on Tuesday it has entered a strategic partnership with the NBA league in China that will see the two cooperate in areas such as video content, program broadcasting and membership. Ant made the announcement on its official WeChat account.

NBA, Ant Group launch strategic partnership in China

Telecom gear maker Ericsson  (ERICb.ST)  plans to cut around 1,400 jobs in Sweden as part of a broader plan that could also result in thousands of job losses in other countries, particularly in the Americas, two sources familiar with the matter said.
Ericsson did not immediately respond to requests for comment.

Ericsson to cut 1,400 jobs in Sweden, sources say

Tesla Inc  (TSLA.O) :

APPROXIMATELY 4% OF EMPLOYEES ON AUTOPILOT LABELING TEAM IN BUFFALO WERE EXITED AS A RESULT OF THIS PERFORMANCE REVIEW CYCLE
THE IMPACTED EMPLOYEES WERE IDENTIFIED ON FEBRUARY 3, 2023, WHICH WAS WELL BEFORE THE UNION CAMPAIGN WAS ANNOUNCED
TESLA - CONDUCTS PERFORMANCE REVIEW CYCLES EVERY 6 MONTHS; TAKES PLACE GLOBALLY, INCLUDING IN NORTH AMERICA, EUROPE, CHINA;NOT LOCALIZED TO BUFFALO.  Source text: <a href="https://bit

Tesla Says It Fired 4% Of Employees In NY Before Union Campaign "Was Announced" - Blog

Tesla  (TSLA.O)  raised prices of performance and long-range versions of its Model Y crossovers in China on Friday, according to its Chinese website.
The starting prices of the two versions of Model Y in China increased by 2,000 yuan each to 311,900 yuan ($45,473) and 361,900 yuan, respectively, information on the website showed.
($1 = 6.8590 Chinese yuan)

Tesla raises prices of some Model Y versions in China - website

Hedge funds betting against stocks in the technology sector rushed to unwind those trades in the first half of February as markets rallied, data from Goldman Sachs  (GS.N)  and JPMorgan &amp; Chase prime brokerage units showed on Thursday.
“The short covering in U.S. tech stocks from Jan 31st to Feb 15th is the second largest in magnitude over any 12-day period in the past decade,” Goldman Sachs wrote in a note reviewed by Reuters

Hedge funds' short-covering of tech bets is 2nd biggest in a decade - banks

The Hong Kong government has priced its inaugural HK$800 million  ($102 million) digital green note, in what it claims to be the first tokenised sovereign green bond globally.
The notes, which have a 365-day tenor, will pay a semi-annual coupon at 4.05%, in line with indicative rate first marketed to investors on Monday, according to a term sheet seen by Reuters

Hong Kong government prices inaugural $102 mln tokenised green note

Tesla will halt some production at its Shanghai plant until the end of February in order to begin rolling out a revamped version of the Model 3 in the Chinese market, according to Bloomberg. The post Tesla to halt production at Shanghai plant for more upgrades to produce new Model 3, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla to halt production at Shanghai plant for more upgrades to produce new Model 3, report says

Tesla chief executive Elon Musk donated shares worth $1.95 billion in the world’s most valuable automaker to charity last year, a filing with the U.S. Securities and Exchange Commission (SEC) showed on Tuesday.
Musk donated about 11.6 million shares between August and December last year, according to the filing, which did not say which organization or organizations were the recipients.
The world’s second-richest person now owns around 13% of Tesla