Cosplayers pose for a photo in front of a life-size model of the new Marvel Universe movie “Deadpool & Wolverine,” authorized by Disney and seen in Shanghai, China, on July 26, 2024. Vcg | Visual China Group | Getty Images Hollywood blockbusters have dominated international box offices for decades, but in recent years, they have … Read more
A person seen walking next to the Alibaba’s corporate logo, in front of its office building at Chaoyang Technology Park in Beijing, China. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese e-commerce giants Alibaba and JD.com‘s quarterly results from Thursday underscored the slowdown in China’s consumer market, with retailers struggling to attract value-conscious … Read more
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer. … Read more
China is expected to see a record-level of passenger air travel in 2024, according to the Civil Aviation Administration of China. All Copyrights Belong To Jingying Zhao | Moment | Getty Images China is expecting air passenger travel to hit a record in 2024, bouncing past pre-pandemic levels. Passenger flights may reach 700 million this year, … Read more
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023. Nurphoto | Nurphoto | Getty Images Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. Here’s how Tencent did in the June quarter against LSEG consensus estimates: Revenue: 161.12 billion Chinese … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on June 12, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Trade groups say Chinese electric vehicles pose an “existential threat” to the U.S. auto industry. China currently makes about one out of every three of the world’s new vehicles, and it has the capacity to make even more, according to research firm Dunne Insights. But faced with a growing preference for hybrids at home and … Read more
Prime Minister Justin Trudeau attacked a pledge by Conservative Leader Pierre Poilievre to raise tariffs on Chinese electric vehicles by 100 per cent, but Trudeau did not answer when asked why his government hasn’t moved sooner on introducing a surtax. “It’s a bit of a joke that Poilievre is suddenly talking about workers in the … Read more
India is poised to narrow the gap with China in MSCI Inc.’s gauge for developing nations. Analysts from firms including Smartkarma and IIFL Securities Ltd. expect India’s weight in the MSCI Emerging Markets Index to rise by at least one percentage point following the index provider’s review this week. This would bring the country almost … Read more
Conservative Leader Pierre Poilievre has pledged to match steep U.S. tariffs on Chinese electric vehicles if elected, something the Liberal government is considering but has not announced. The call comes after Ottawa wrapped up a 30-day consultation process on Chinese EVs last week and has not said when exactly those findings — or decisions that … Read more
