Finance

Xiaomi’s recent financial performance has undeniably captured the market’s attention, showcasing a record net profit for the second consecutive quarter. This achievement hasn’t occurred in a vacuum; it reflects a business strategy that emphasizes innovation and adaptability in a rapidly changing global market. With reported adjusted net income exceeding expectations at 10.68 billion yuan ($1.48
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The electric vehicle (EV) market in China is experiencing tumultuous upheaval, with industry giant BYD leading a reckless race to the bottom through drastic price reductions that could upend the entire automotive landscape. With price cuts soaring as high as 30%, the already volatile environment is likely to send shockwaves through both domestic and global
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The financial landscape is a complex organism, sensitive to a myriad of factors ranging from corporate decisions to unforeseen geopolitical dilemmas. Recent events exacerbate the volatility we have come to expect, shaking investor confidence and redefining market trajectories. In this article, we examine critical companies that have either gained or lost traction and probe into
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Despite the economic turbulence confronting many sectors, Chinese tech companies are showcasing resilience, thanks to the burgeoning field of artificial intelligence. In the first quarter of 2023, key players like Alibaba and Baidu reported remarkable gains, specifically in their cloud business operations. An analyst from Stansberry Research, Brian Tycangco, noted that Alibaba’s cloud revenue jumped
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The announcement of impending tariffs can send tremors through the economy, and recent comments by Austan Goolsbee, President of the Chicago Federal Reserve, epitomize this reality. While discussing President Trump’s latest tariff threats, Goolsbee hinted at a potential stagnation in interest rate changes, illustrating the ripple effects of unpredictable trade policies. The Federal Reserve prides
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In the ever-competitive world of smartphones, the stakes have never been higher as Chinese technology giants increasingly challenge the established dominance of Apple. Xiaomi, known for its innovative approach and cost-effective products, has unveiled the Xiaomi 15S Pro, which aims to not only capture market share but also disrupt the status quo in premium smartphone
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