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01.05.26 - 11:00
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Lights, camera, traction: film-projecting headlights steer China′s EV feature fight (SCMP)
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China's latest electric vehicle (EV) innovations – from ultra-fast battery charging to headlights capable of projecting films – have drawn strong attention at Beijing's Auto China show, underscoring how the country's automotive technology is pulling ahead of global rivals.
As domestic carmakers and key suppliers recast vehicles as “mobile living spaces” powered by artificial intelligence and digital systems, they are increasingly looking beyond the mainland to drive export growth.
“We are......
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01.05.26 - 09:42
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China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers (ZeroHedge)
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China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers
Beijing is reversing its curbs on refined fuel exports after halting shipments in the opening days of the U.S.-Iran conflict. This move suggests that Chinese domestic inventories are now at comfortable levels, allowing state refiners to reopen the export spigot, even as much of Asia remains gripped by a fuel shock caused by disrupted Gulf energy flows through the Hormuz chokepoint.
There was chatter earlier this week that China's state-owned refiners were applying for government permits to resume fuel exports in May. These include China Petrochemical (Sinopec Group) and China National Petroleum Corporation.
By late in the week, Bloomberg reported that state-owned refiners had received government approval to export 500,000 tons of fuel next month.
People familiar with the upcoming shipments said the one-off quota would allow gasoline, diesel, and jet fuel to be sent to neighboring Asian countries, providing relief amid a worsen...
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01.05.26 - 08:00
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How China is using AI – and state funding – to transform the micro drama industry (SCMP)
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Vigloo, a South Korean micro drama production company, has gone all-in on artificial intelligence this year, betting that automation can fundamentally reshape how content is made.
The company has begun spending roughly 30 per cent of its budget on AI-driven workflows, and the change is already having a dramatic impact. It can now produce a show in just one month rather than three, and at one-fifth of the cost.
That is not only allowing Vigloo to release far more shows, but also to experiment......
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01.05.26 - 07:30
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Gold, cruises and Dior: how Hong Kong lenders are enticing wealthy mainland China visitors (SCMP)
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Gold bars, cruises, Dior beauty services and Rosewood Hong Kong vouchers are just some of the incentives Hong Kong's major lenders are offering in hopes of capturing wealthy clients, as visitors from mainland China descend on the city during the golden week holiday starting on Friday.
HSBC, Standard Chartered and Bank of China (Hong Kong) – the city's three biggest banks – Citigroup, DBS Hong Kong, ICBC Asia, Bank of East Asia and Hang Seng Bank have all extended the hours of certain branches on......
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01.05.26 - 06:30
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Battered Chinese property stocks primed for comeback as industry shows signs of turning (SCMP)
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Chinese property stocks are poised for a comeback, as investors believe that a rebound in tier-one city home prices is a sign that the sector's years-long woes are nearing an end.
The pickup in home prices in mega cities such as Beijing and Shanghai has coincided with a spike in transaction volumes, indicating that buyers are piling in after prices have fallen to more affordable levels. In March, more than 30,000 lived-in homes were sold in Shanghai, the highest in five years, after the city......
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01.05.26 - 05:00
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′Green shoots′ appear in China property as banks turn bullish after 5-year bear market (SCMP)
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As China's bear housing market enters its fifth year, a growing number of global investment bank analysts and property agents are increasingly optimistic on the sector, underscoring a positive view on its outlook fuelled by upbeat data in April.
Bank of America holds a positive stance on the sector and believes the “green shoots” of a recovery are visible, it said in a report issued in late April. After five consecutive years of weakness, the bank said “market recovery sustainability is becoming......
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01.05.26 - 00:06
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Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again (ZeroHedge)
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Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again
Ahead of today's AAPL earnings report, we've had a mixed picture from Mag 7 earnings so far: GOOGL soared to a record high, MSFT and AMZN both dropped (although they recovered much of their losses throughout the day) and META crashed, all on different reads of their capex. Which leaves AAPL to complete the picture of the big 5 megacaps (with NVDA set to report in a few weeks). As we previewed earlier, focus today will be on how soaring memory prices are impacting the company's profit margin, as well as hearing from new CEO John Ternus.
With that in mind, here is what the company just reported for its fiscal second quarter:
EPS $2.01 vs. $1.65 y/y, beating estimates of $1.96
Revenue $111.18 billion, +17% y/y, beating estimates of $109.66 billion
Products revenue $80.21 billion, +17% y/y, beating estimates of $79.26 billion
IPhone revenue $56.99 billion, +22% y/y, barely beati...
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