North Carolina’s Billion-Dollar Bet on an EV Outsider
Updated Dec. 11, 2023 12:13 am ETHAIPHONG, Vietnam—When electric-car startup VinFast Auto was looking to build a factory in the...
wsjfinance-asia
CEO of Naspers and Prosus Steps Down
South Africa’s most valuable listed company appoints former SoftBank executive as its interim chief. Source link
Macau Reclaims Crown From Vegas as World’s Top Gambling Hub
Fortunes of MGM, Sands and Wynn are rising after they bled cash during years of pandemic border restrictions in the...
Chinese Consumers Pinch Pennies on Staples as Pandemic Habits Linger
The average selling prices of toothbrushes, infant formula and makeup are declining as businesses adapt to circumstances. Source link
China’s Ant Group Slapped With Nearly $1 Billion Fine
Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer...
These Businesses Are Getting Hit Hard by China’s Faltering Economic Recovery
The government in Beijing has pushed banks to extend loans to small businesses, with limited success. Source link
A Chinese Alternative to Bloomberg Terminals Quietly Limits Information Overseas
E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the...
Richard Branson’s Space Company Virgin Orbit Files for Bankruptcy
MarketsFinanceThe company says it is working toward finding a buyer for a once star player in the billionaire’s portfolio Source...
WSJ News Exclusive | Fast-Fashion Juggernaut Shein’s Sales Close In on Zara, H&M
Online retailer Shein is on track to generate revenue of $24 billion this year, according to people close to the...
Alibaba to Pursue Primary Listing in Hong Kong
HONG KONG—Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as...
Chinese Internet Giants’ Ad Revenue Suffers as Business Confidence Wanes
Companies in China are cutting back on digital-ad spending as the economy slows and recurring Covid-19 outbreaks weigh on consumption,...
