By Jiaxing Li and Casey Hall HONG KONG/SHANGHAI (Reuters) -Pop Mart chief executive Wang Ning said on Wednesday his toy company was on track to meet its targeted revenue goal of 20 billion yuan ($2.78 billion) in 2025, and that “30 billion ($4.18 billion) this year should also be quite easy.” Wang, who founded the …
Pop Mart sees revenue hitting over $4 billion this year, to launch mini Labubus Read More »
(Changes name of company in 2nd paragraph to Sinopec Shanghai Petrochemical from Sinopec) By Sam Li and Lewis Jackson (Reuters) -China’s Sinopec Shanghai Petrochemical Co swung to a net loss in the first half of 2025 as weaker demand hit sales of refining and chemical products, the company reported late Wednesday. Sinopec Shanghai Petrochemical reported …
China’s Sinopec Shanghai Petrochemical first half profit slides Read More »
(Reuters) -Chinese artificial intelligence company DeepSeek has delayed the release of its new model after failing to train it using Huawei’s chips, highlighting the limits of Beijing’s push to replace U.S. technology, the Financial Times reported on Thursday. (Reporting by Disha Mishra in Bengaluru)
(Reuters) -Chinese search engine company Baidu on Wednesday reported a drop in second quarter revenue as its core advertising business struggled amid China’s economic slowdown, while returns from AI investments remained limited. The company reported total revenue of 32.71 billion yuan ($4.56 billion) during the three months ended June 30, down 4% from the same …
China’s Baidu revenue drops as AI returns fail to offset ad decline Read More »
(Fixes typo in paragraph 6 in word “Carolina.” No other changes to text.) By Aditi Shah NEW DELHI (Reuters) -India’s Epsilon Advanced Materials is moving swiftly to close deals to supply critical components to Japanese and South Korean battery makers in the U.S., a top executive said, after Washington imposed anti-dumping duties on Chinese imports. …
US tariffs on Chinese graphite spark opportunity for India’s Epsilon Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japan’s exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday, as the impact of U.S. tariffs intensified, raising concerns about the outlook for the export-reliant economy. Total exports from the world’s fourth-largest economy dropped 2.6% year-on-year in July in value terms, the …
Japan’s exports log biggest drop in 4 years as US tariff impacts intensify Read More »
(Reuters) -U.S. lender JPMorgan Chase and Japan’s Mitsubishi UFJ Financial Group are in talks to underwrite a $22 billion loan for a planned data center in Texas, the Financial Times reported on Wednesday. The campus will be developed by Vantage Data Centers, a digital infrastructure company owned by Silver Lake and DigitalBridge. JPMorgan, MUFG, Vantage, …
JPMorgan and MUFG near $22 billion data center financing deal in Texas, FT reports Read More »
BEIJING (Reuters) -Game Science, backed by Chinese tech giant Tencent, surprised games enthusiasts on Wednesday by releasing a trailer for a follow-up to last year’s smash hit “Black Myth: Wukong”. The new action role-playing game, “Black Myth: Zhong Kui”, is the second entry in the “Black Myth” series, inspired by a mythical ghost-catching figure in …
Tencent-backed developer unveils follow-up to hit ‘Black Myth: Wukong’ Read More »
BEIJING (Reuters) -Sales of foreign-branded phones, including Apple Inc’s iPhone, declined 31.3% year-on-year in China in June, according to Reuters’ calculations based on data released on Wednesday by a government-affiliated research firm. The shipments of foreign-branded phones had slid to 1.971 million units in June, from 2.869 million handsets the same month a year earlier, …
Sales of foreign-branded phones in China down 31.3% in June, data shows Read More »
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank cut interest rates again in a surprise move on Wednesday and flagged it could cut some more, as it stepped up support for Southeast Asia’s largest economy against the backdrop of global uncertainties. Bank Indonesia (BI) trimmed the benchmark 7-day reverse repurchase rate …
Indonesia’s central bank surprises with rate cut, raises GDP outlook Read More »
