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New Energy

Xiaomi licensed to make its own cars

Xiaomi revs up electric vehicle gambit

China’s answer to Apple has won a license to self-produce its own EVs after finding initial success with its inaugural model, the SU7 Key Takeaways: Xiaomi received regulatory clearance to…

Consumer

Giordano issues profit warning

Giordano exposed by China overreliance

The clothing retailer warned that its net profit fell by up to 47% in the first half of this year amid slumping sales in its key Greater China markets Key…
Xiaomi licensed to make its own cars

Xiaomi revs up electric vehicle gambit

China’s answer to Apple has won a license to self-produce its own EVs after finding initial success with its inaugural model, the SU7 Key Takeaways: Xiaomi received regulatory clearance to…

Healthcare/biotech

Finance

OneConnect to shutter its cloud services

OneConnect in forced divorce from parent Ping An

The financial software services provider will shutter its cloud business, whose main clients were its parent and other related companies Key Takeaways: OneConnect will shutter its cloud services division, which…

Ecommerce

Yatsen downgrades Q2 revenue outlook

Yatsen gets black eye from shopping fest blues

The operator of Perfect Diary cosmetics stores lowered its second-quarter revenue guidance by 10%, putting the figure back in contraction territory Key Takeaways: Yatsen lowered its revenue guidance by 10%…

Infrastructure/Resources