In tit-for-tat moves, China announced 34% tariffs on U.S. imports to the country, and the U.S. bumped the additional tariff rate to 84% on Chinese goods.
A source told Reuters that Nio Power was valued at over RMB 10 billion ($1.37 billion) during a fundraising round in 2024.
The company said it will offer 136.8 million Class A ordinary shares at a price of HK$29.46. Hong Kong-listed shares of NIO closed 5% lower on Thursday at HK$32.55, which is still 10% higher than the offering...
Miniso’s shares have slumped 24% year-to-date due to market concerns and China’s performance, The Fly reported.
According to TheFly, Mizuho noted that Nio shares are fairly valued at current levels and added that the company’s guidance for deliveries in the first quarter is “weak” owing to seasonality and...
Retail sentiment on Stocktwits ended on a 'bearish' note on Friday
AI is the new avenue for faceoffs between global tech giants, and where Alibaba and Chinese firms broadly have made significant strides in the recent past.
The company reported a total revenue of RMB19.70 billion ($2.69 billion), which marked a 15.2% increase from the corresponding quarter of 2023 but fell below an analyst estimate of RMB20.19 billion, per...
The two companies will also pursue capital cooperation as part of the partnership signed in Ningde, Fujian province, with CATL investing up to RMB 2.5 billion (about $350 million) in Nio Power.
CEO Wu Tianhua highlighted that the firm underwrote 14 U.S. and Hong Kong IPOs, bringing the total number of U.S. and Hong Kong IPOs underwritten for the year to 44.