Autohome deflated by plunging ad sales, car price wars
The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…
GM’s China Charge, and Nvidia’s Antitrust Probe
GM takes a $5 billion charge related to its struggling China business. And China probes Nvidia for antitrust behavior in a 4-year-old chip acquisition By Doug Young & Rene Vanguestaine…
PODCAST: EU EV Tariffs, and Lenovo’s Middle East Tie-Up
The EU slaps Chinese EVs with tariffs of up to 38%. How will China respond? And Lenovo enters a major new partnership with Saudi Arabia's sovereign wealth fund. What's driving this alliance?
PODCAST: Ping An Trust Misses a Payment, and SAIC Sells Down Its India Venture
Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China's trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?
CHINA BULLETIN: Weak Inflation, Producer Price Data Hint at Flagging Rebound
In this week’s issue a China downgrade, zooming car exports, and more hotels roll out the welcome mat for foreigners. On a scale of 1 to 100, we give the…
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