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...China’s statistics agency earlier this month reported a steep year-on-year contraction for the consumer price index in January. Growth in retail sales has also been slow for months....
...Earlier this year, Tesla cut the monthly subscription price for its full self-driving system in the US. Musk has also talked about licensing its systems to other carmakers....
...Last month, Guangzhou-based autonomous aerial vehicle maker Ehang started to sell its air taxi on Taobao, with a price tag of Rmb2.39mn, or around $330,000....
...He noted Beijing’s heavy subsidies for industry led to great domestic overcapacity and goods being exported abroad at ultra-low prices....
...Economic data: Japan releases its April consumer price index for Tokyo....
...China’s cloud providers are increasingly engaged in a price war to attract customers as growth across the industry slows....
...Economic data: South Korea announces its April consumer confidence data, New Zealand publishes its March trade balance figures, Japan releases its March services producer price index and Australia’s first-quarter...
...Vietnam publishes its April consumer price index and trade balance. Singapore releases unemployment data....
...Economic data: South Korea announces first-quarter gross domestic product, Malaysia publishes its March consumer price index and Hong Kong has its March trade balance....
...Chinese home prices continued to slide in January, with the sale prices of second-hand housing in the country’s major cities down 4.9 per cent from a year earlier....
...The Hong Kong units of three mainland Chinese asset managers — Bosera, Harvest Global Investment and ChinaAMC — each launched two ETFs tracking Bitcoin and Ether prices, making a total of six funds....
...Nick Price, head of the CPS special crime and counter terrorism division, said the man from Leicestershire had targeted businesses linked to Ukraine “in order to benefit the Russian state”....
...Yields move inversely to prices. Australia’s benchmark S&P/ASX 200 index climbed 0.3 per cent....
...The price of bitcoin and ether each fell about 1 per cent in the hour following the funds’ listings on Tuesday morning....
...Yet it is launching in a highly competitive Chinese market that is in the midst of a price war....
...(speaks in Mandarin) And so that means he’s saying there’s no point in jumping into foundational models in really making it a race to the bottom where everyone’s competing on price, and instead you should...
...“Xiaohongshu is unique in that it isn’t a low-price-driven platform,” he said, “so it does not dilute brand value.”...
...The Shanghai-based company, valued at $20bn in the latest fundraising round three years ago, raked in $500mn in net profit last year on revenues of $3.7bn, write the Financial Times’ Eleanor Olcott and Ryan...
...“Included in the alleged activity was involvement in the planning of an arson attack on a Ukrainian-linked commercial property,” said Nick Price, head of the CPS’s special crime and counterterrorism division...
...Even if ByteDance founder and chair Zhang Yiming and the board were willing to sell TikTok at a good price, Beijing might block the deal to avoid “losing face”....
...Japanese stocks reversed the previous day’s gains on Friday morning as the market tracked Wall Street lower amid concerns about higher oil prices and tensions in the Middle East....
...In the southern cities of Guangzhou and Shenzhen, new home prices fell 4.6 per cent and 4.8 per cent respectively....
...China’s producer price index has fallen for 18 straight months, while consumer prices have flirted with deflation in a sign of weak demand....
...The cache of documents released online, which includes screenshots, price tables and internal messages, collectively reveal much of the inner workings of Shanghai Anxun Information Technology, also known...
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