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Li_Dan
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Minister Says Canada Weighs Tariff Hike on Chinese EVs following US
Canada now imposes a tariff of about 6% on Chinese vehicles. The White House earlier this week announced the tariff rate on Chinese EVs under Section 301 will increase to 100%, quadrupling the current tariff of 25%.
Li_Dan
· 5月18日
14.4万
Fangdd Shares Skyrocket 321% over China's Forceful Measures to Shore up Property Sector
China cancels the floor level of commercial mortgage rates for first and second homes, lower the minimum down payment ratios for housing mortgages, and establish a RMB300 billion facility to support the government-subsidized housing project. Local state-owned enterprises are encouraged to use the funds to buy reasonably-priced commercial homes.
Li_Dan
· 5月18日
14.2万
Baidu Q1 Net Income Surges 22% as AI Cloud Drives Marketing Despite Sales Slowdown
Baidu Core's online marketing revenue remained stable, while the end-to-end optimization of our AI technology stack continued to propel the growth of our AI Cloud revenue during the quarter, said Baidu CEO Robin Li.
Li_Dan
· 5月18日
14.9万
JD.com Q1 Net Income Beat Estimates with 14% Growth as Logistics Unit Reports Turnaround
JD Logistics reported its best ever net income in the first quarter of RMB238 billion, reversing loss of RMB1.12 billion the same period of 2023.
Li_Dan
· 5月17日
15.3万
Alibaba Shares Jump 7% after Short Seller Citron Eyes Over 20% Surge, Bullish on AI Cloud
Alibaba earlier this week just reported its core public cloud offerings recorded double-digit year-over-year growth in revenue, and AI-related revenue increased triple-digit.
Li_Dan
· 5月17日
16.4万
Tencent Vows to Double down Repurchase as Q1 Net Income Soars 54%
Revenue from online advertising gained 26% year-over-year due to increased engagement and ongoing enhancement of AI-powered ad infrastructure. The stellar growth of ad offset a 0.9% decline in game and social network business.
Li_Dan
· 5月16日
15.5万
US Treasury Secretary Yellen Hopes China React Rationally to New Tariffs on Key Sectors
“I don't believe that American consumers will see any meaningful increase in the prices that they face,” Yellen replied when asked about whether American consumers will bear the cost of the tariffs.
Li_Dan
· 5月16日
14.4万
Alibaba Shares Fall 6% after Q4 Profit Plunges despite Overseas Commerce Surge
Alibaba's revenue increased 7% year-over-year, beating analysts' estimates, and revenue from Alibaba International Digital Commerce surged 45% in the quarter ended March.
Li_Dan
· 5月15日
14.2万
China Pledges to Take Resolute Measures after US Hikes Tariffs on EV and Other Strategic Sectors
The US President Biden directs sharp increases in tariffs across strategic sectors such as semiconductors and impose new tariffs on cranes and medical products. The tariff rate on EVs under Section 301 will increase to 100%, quadrupling the current tariff of 25%.
Li_Dan
· 5月15日
14.0万
China to Kick off 1 Trillion-Yuan Ultra-Long Treasury Bond Issuance to Boost Economy This Week
The ultra long-term special government bonds will help shore up the investment and consumption at the moment and lay the foundation for long-term high-quality development, said head of the National Development and Reform Commission (NDRC).
Li_Dan
· 5月14日
14.5万
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