PODCAST: Alibaba mulls listing for overseas e-commerce, and Nio sues blogger
Alibaba is considering a separate listing for its offshore e-commerce business, consisting of Lazada and AliExpress. And Nio is suing a blogger, accusing him of posting a deliberately misleading video implying the company discriminates against Chinese consumers.
CHINA BULLETIN: Top U.S. Diplomat, Banker Plot First Post-Covid China Trips
In this week’s issue Antony Blinken hopes to call on Beijing, May Day travelers return to the road, and Luckin’s disgraced co-founders return to the coffee business. On a scale of 1 to 100, we give the week a 60 for offshore-listed China stocks.
Nio seeks satisfaction, but likely to get little charge, from defamation lawsuit
The EV maker has accused a blogger of deliberately misleading readers by saying it discriminates against Chinese consumers Key Takeaways: Nio has sued a blogger, accusing him of writing an…
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XPeng revs up for comeback after ending 2022 in the slow lane
The electric vehicle maker forecast its deliveries would drop about 46% in the first quarter, but expects to rebound in the second half with a steady stream of new product…
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Premium or Mid-Range? Struggling Xpeng Stuck in Identity Crisis
The electric vehicle maker’s November sales plunged 63% as its latest model, the G9, has posted weak sales since its September launchKey Takeaways• Xpeng’s sales rose just 19% in the…
Nio Enters Race for Lithium with Australian Investment
The electric vehicle maker will pay $7.7 million up front and up to $80 million more for a stake in an Argentine mining project in its tie-up with Greenwing Resources…
Autohome Weathers Covid Storm, Revs Up for Speedier Second Half
The Internet auto-sales platform’s revenue grew 17.7% sequentially in the second quarter, showing resilience in the face of China’s pandemic disruptions Key Takeaways: Autohome’s revenue rose strongly on a sequential…
