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BUSINESS3d agoA. O. Smith to sell 81% stake in China unit to CPE for ~$400MA. O. Smith plans to sell an 81% stake in its China unit to CPE for approximately $400 million. This represents a significant divestment for the company in the Chinese market.Seeking Alpha Tech
BUSINESS3d agoEU plans high-level China currency talks as fears of new trade shock mountAfter convincing China to accept a cap on its hybrid car exports, a stream of top-level European finance and banking officials will descend on the Chinese capital in the coming months on a far trickier mission: persuading Beijing to stop holding down its currency to help save the bloc’s struggling industry. In the week of November 23, top European Union economy officials led by director general Maarten Verwey will sit down in Beijing for a “macroeconomic dialogue” with their Chinese...South China Morning Post
BUSINESS3d agoMbappe faces backlash in China for meme fiascoThree major Chinese brands have ended partnerships with French football star Kylian MbappeAl Jazeera [en]
BUSINESS3d agoChina rushes to shore up struggling markets‘National team’ of funds and brokers buy stocks as investors turn away from AI tradeFinancial Times
BUSINESS3d agoSensata expects Q4 revenue of $942M-$972M and adjusted EPS of $0.95-$0.99 as China auto outlook softensSensata forecasts Q4 revenue between $942M and $972M and adjusted EPS of $0.95 to $0.99, citing a softening outlook for the auto industry in China. This provides insight into the company's financial expectations and a contributing market factor.Seeking Alpha Tech
BUSINESS3d agoHow China’s ancient capital staked a claim to the nation’s fastest export growthA booming semiconductor industry is helping drive a surge in trade in Xian, one of China’s ancient capitals, making it the country’s top performer by trade growth among provincial capitals and provincial-level cities for which data is publicly available. The capital of western China’s Shaanxi province recorded a 115.5 per cent year-on-year surge in trade during the first nine months of 2026. Exports far outpaced imports, climbing 142.1 per cent. Two product categories drove much of that export...South China Morning Post
BUSINESS3d agoGlobal carmakers search for new China strategy as market share slips below 30%Global carmakers are searching for a way to survive in China’s cutthroat market, as they continue to lose ground to domestic competitors in a landscape that is increasingly tilting towards electric vehicles. International auto brands from Volkswagen to Toyota saw their market share in the Chinese mainland slide once again in the third quarter of the year, as consumers turned away from expensive foreign cars amid an economic slowdown and the Iran war. Foreign marques accounted for less than 30...South China Morning Post
BUSINESS3d agoKylian Mbappé faces China backlash as major brands cut ties over Mao meme controversyFootball superstar Kylian Mbappé is a familiar face across China but that could soon change. The Real Madrid forward has reportedly been dropped by two major Chinese brands after a video circulated online in which he appeared to joke about former Chinese leader Mao Zedong.Africanews [en]
BUSINESS4d agoMercedes-Benz cuts 2026 profit outlook amid China market strugglesMercedes-Benz now expects its 2026 core profit to remain flat at €5.8 billion, abandoning its earlier forecast of 15% growth, further signaling the severe structural crisis threatening Germany's automotive industry.EuroNews [en]
BUSINESS4d agoHow China ‘risk factors’ loom over Anthropic’s hotly anticipated IPO filingOpen-weight models, China-US tensions, Taiwan – just a few of the more than dozen references to China-related risks cited in Anthropic’s much-anticipated listing prospectus, which was finally released on Monday after months of speculation. Mostly concentrated within the 93-page “risk factors” section of the filing with the US Securities and Exchange Commission, the disclosures reveal how the Silicon Valley start-up assesses the commercial threats posed by China and its artificial intelligence...South China Morning Post
BUSINESS4d agoTikTok parent company founder tops China's rich list amid AI boomZhang Yiming has reclaimed his position as China's richest person, with a €89.4 billion fortune driven by AI, as the country's technology sector booms while traditional industries struggle.EuroNews [en]
BUSINESS4d agoOn Holding falls after Kylian Mbappé controversy in ChinaOn Holding's stock value has fallen following a controversy involving Kylian Mbappé in China. This reports on the financial impact of a brand controversy.Seeking Alpha Tech
BUSINESS4d agoChina’s Hengrui posts 89% rise in third-quarter net profit, beating estimatesJiangsu Hengrui Pharmaceuticals, one of China’s largest drug makers, reported a 20.55 per cent rise in third-quarter revenue to 8.95 billion yuan (US$1.34 billion), beating analyst estimates of 8.55 billion yuan amid stronger innovative drug sales. Net profit reached 2.46 billion yuan for the three months ended September 30, jumping 88.92 per cent year on year and exceeding the Bloomberg analyst consensus estimate of 2.38 billion yuan. Improving innovative drug sales and out-licensing revenue...South China Morning Post
BUSINESS4d agoByteDance’s Zhang Yiming tops China rich list with US$99.7 billion as AI fuels fortunesByteDance founder Zhang Yiming has reclaimed the title of China’s richest person with a nearly US$100 billion fortune, as artificial intelligence powers a surge in wealth among China’s top entrepreneurs, according to the Hurun Research Institute. The 43-year-old Zhang, who topped the ranking in 2024, saw his wealth rise 43 per cent to US$99.7 billion – a record for China’s richest individual – as TikTok owner ByteDance aggressively expanded into AI, according to the 28th edition of the Hurun...South China Morning Post
BUSINESS4d agoPorsche profit rebounds as luxury carmaker reduces exposure to ChinaLuxury German carmaker Porsche said it's rapidly reducing its exposure to the Chinese autos market after reporting a profit recovery in the first nine months.CNBC
BUSINESS4d agoTikTok parent ByteDance's founder is China's richest person againThe founder of Tiktok parent ByteDance, Zhang Yiming, reclaimed the top spot on a list of China's richest people, driven by his company's push into AI.CBS News
BUSINESS4d agoChina Is Building Its Way Around Europe’s EV TariffsBeijing’s evolving industrial playbook is taking shape in Morocco.Foreign Policy
BUSINESS4d agoEU-China hybrid car deal won’t really help European carmakersEarlier this month, simmering trade tensions between the EU and China ease as the two sides reached an agreement in Beijing limiting hybrid car exports from China to an annual quota of 350,000 units. After the European Union imposed tariffs on fully electric cars from China in 2024, hybrid imports surged. The quota would result in more than a halving of the 800,000 hybrid cars expected to be sold this year, a figure which may soon exceed a million if unchecked. The quota would likely shift...South China Morning Post
BUSINESS4d agoChina Pulls Out of Logistics Hub Project at Colombo PortGiven international developments, geopolitical rivalries, and the expertise needed to develop a logistics center, finding a replacement investor will be difficult.The Diplomat
BUSINESS4d agoKylian Mbappe loses two major China sponsorship deals over Mao Zedong jokeFrench football star Kylian Mbappe was dropped by two major Chinese brands on Tuesday after a video circulated online in which he appeared to joke about former leader Mao Zedong. Energy drink giant Dongpeng and dairy producer Mengniu said they had terminated their partnerships, citing remarks that offended Chinese national sentiment.France 24 [en]
BUSINESS4d agoChina industrial profits post strongest growth in three months, rising 14.4%The global AI boom and higher commodity prices stemming from the war in Iran have lifted earnings at miners, chipmakers and raw-material suppliers.CNBC
BUSINESS4d agoNew levy on non-EU parcels kicks in on Sunday in a bid to curb the influx from ChinaThe European Union will from Sunday slap a €2 (US$2.25) handling fee on packages from outside the 27-nation bloc in a bid to curb the influx from China. The new levy – coming just weeks before the Black Friday, Cyber Monday and Christmas season shopping rushes – will be on top of the EU’s €3 fee on small parcels. The fee will apply to each type of item in a package sent directly to consumers from outside the EU regardless of the parcel’s value. For example, if there are 10 T-shirts in a package,...South China Morning Post
BUSINESS4d agoChina’s Overcapacity Has a Mind of Its OwnBeijing can’t rein in its own industrial machine.Foreign Policy
BUSINESS5d agoIn China, the AI bubble has already burst - ReutersIn China, the AI bubble has already burst ReutersReuters World
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