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Tesla's Chinese rival Xpeng expands its share sale in upcoming US IPO
Tesla's Chinese rival, Alibaba-backed EV maker Xpeng Motors is expanding the size of its share sale and pricing the shares above a marketed range, raising about $1.5 billion in a U.S. initial public offering, according to Bloomberg.
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Li Auto shares surge 28% to record high
Chinese EV maker Li Auto shares surged 28.25 percent to close at $23.38 on Wednesday, a record high since its IPO, pushing its market capitalization to $19.55 billion.
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Alibaba suspends plans to invest in Indian companies
Alibaba has suspended plans to invest in Indian companies and will not put in new money to expand its investments in India for at least six months, Reuters said, citing people with knowledge of the matter.
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SMIC shares hit new low since IPO, market capitalization down 150 billion yuan from July's high
As China's largest and most advanced semiconductor manufacturing company, Semiconductor Manufacturing International Corporation (SMIC), was pinned on high expectations. However, today, more than a month after its listing on China's A-share market, the company's share price fell to a new low, losing 150 billion yuan in market value.
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Chinese investment bank CICC raises its NIO target price again, as it sees three benefits of BaaS
NIO recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the company's gross margin, thus injecting new momentum into its car sales and performance improvement.
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Chinese computer with Huawei's Kunpeng 920 processor to be released soon
China-made desktop computer equipped with Huawei Kunpeng processor and KylinOS may be launched soon.
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Xiaomi sells 28.3 million smartphones in Q2, down 3% from Q1
Chinese smartphone maker Xiaomi sold 28.3 million smartphones in the second quarter, down 3 percent from 29.2 million in the first quarter, according to the company's financial report released on August 26.
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China's chip imports expected to exceed $300 billion this year
China's 2020 chip imports are expected to remain above $300 billion for the third consecutive year, said Wei Shaojun, deputy director of the China Semiconductor Industry Association, at the World Semiconductor Congress in Nanjing.
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NIO stock soared 19%, what happened?
The ADR shares of Chinese electric car company NIO soared to an all-time high on Tuesday as more and more skeptics turned into its believers.
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Xpeng plans to raise $1.28 billion in US IPO, priced above range
Tesla's Chinese rival, Alibaba-backed EV maker Xpeng Motors plans to raise $1.28 billion in an IPO on the New York Stock Exchange, priced above the initial range, according to IFR.