NETEASE INC-ADR

16 Aug

Geely, Xpeng, Xiaomi Boosted by Strong Vehicle Sales Amid Threats From EU Tariffs

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, china, China Renminbi Spot, Earnings, Economic Growth, europe, GEELY AUTOMOBILE HOLDINGS LT, Markets, NETEASE INC-ADR, Technology, XIAOMI CORP-CLASS B

Chinese automakers including Xpeng Inc., Geely Automobile Holdings Ltd. and Xiaomi Corp. should all report higher vehicle sales, though challenges remain as competition heats up and the European Union moves ahead with tariffs.The EU is hiking tariffs on EVs made in China by as much as 48%, citing subsidies that harm the bloc’s carmakers that have been struggling to keep up with China’s new generation of green car manufacturers. Chinese EV makers including Geely are responding by working with European partners to bypass tariffs. Source link lol

14 Aug

Tencent’s Sales Growth Sped Up After Blockbuster Game Release

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Tencent Holdings Ltd.’s revenue accelerated its growth after the blockbuster summer release of Dungeon & Fighter Mobile helped lift China’s most valuable company out of a gaming trough.Revenue jumped 8% to 161.1 billion yuan ($22.5 billion) for the April-June period, versus the projected estimate of 161.4 billion yuan. Net income surged to 47.6 billion yuan, compared with the estimated 39.9 billion yuan. Source link lol