Shanghai delivery rider Xie Yu was halfway through his shift on Thursday when he realised he would end up with nearly 100 orders for the whole day, double his average number. The reason for the huge spike? Chinese consumers were lapping up offers of free drinks and discounted meals from food delivery giants Alibaba Group […]
How Alibaba and Meituan are fighting for customers, 1 free drink at a time Read More »
“Our overall capacity remains in a state of demand exceeding supply,” SMIC co-CEO Zhao Haijun said in a briefing after the company reported its second-quarter financial results. “[Even if growth in demand slows], there will be no significant impact on our utilisation rate.” He said the company has already helped clients build up a certain
China’s SMIC downplays impact of Trump’s plan to impose 100% tariff on chip imports Read More »
According to a research note published by CLSA, the potential impact of the proposed US tariffs on imported chips – the details of which are expected as soon as next week – would be small for SMIC and Hua Hong Semiconductor. The two Shanghai-based firms could also benefit from possible countermeasures that China and other
China’s top chipmakers to see small impact from Trump’s 100% tariff on imports: CLSA Read More »
Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers
