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Angel investor and All-In Podcast host Jason Calacanis warned that allowing Chinese electric vehicles into the U.S. could devastate domestic automakers even as their low prices attract consumers, reacting to Sen. Elissa Slotkin's (D-Mich.) claim that President Donald Trump could loosen barriers as part of a China deal.
"This would be the end of the US automotive industry — but consumers will love to buy these cars," Calacanis wrote in an X post on Wednesday. He added, "Everywhere I go, from the Middle East to Europe to Mexico, the streets and Uber fleets are filled with dirt-cheap Chinese EVs," calling such U.S. access "a disaster."
This would be the end of the US automotive industry — but consumers will love to buy these cars

But…. You'll probably die in one since they're not very safe

Everywhere I go, from the Middle East to Europe to Mexico, the streets and uber fleets are filled with dirt cheap… https://t.co/LGUwforT6a
— jason (Jason) September 10, 2026

#calacanis #chinese #Europe #uber

This one started bowling shoe ugly and ended up Sam the Chinese Crested Dog ugly, with Bradley Hanner proving why he is the definition of the 26th man on a Major League roster. Gerrit Cole gave up more home runs, three of em while not making it out of the fifth inning, but Hanner wasn't any better, allowing two dingers while five men crossed the plate against him. All this is to say the Yankees were kicked around Saturday afternoon, losing 12-2 to the Mets
I don't know what it is about Gerrit Cole. He's always been a little bit homer ***** e, especially since coming to Yankee Stadium. Fastballs in the zone lead to some kinds of nasty contact, but the thing that's really been different about him since returning from Tommy John is how many pitches he's keeping in the zone. He's got the lowest walk rate of his career, and indeed he didn't walk a single batter today. He also has the highest Zone%, or, throws more pitches in the strike zone than any other season of his career.
In his last two starts he's allowed seven home runs. Only three today, though they still counted for four runs like last weekend against the Padres.
Part of this is just random variance, enough monkeys at enough typewriters for long enough. Any time you talk about two games' worth of data, you have to throw up your hands at the universe. He's also been stung by Fernando Tatis Jr., Manny Machado, Jake Cronenworth, Francisco Lindor…guys that have been around the block. Lindor especially looked keyed up to swing in the game's first AB, the first dinger Cole allowed today. Former Baby Bomber Luis Torrens and rookie Carson Benge also homered off Cole to build a 4-0 lead.
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#today #enough #lindor

By Aditya Kalra
NEW DELHI, Sept 9 (Reuters) - India's Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows.
China's Xiaomi was once India's top-selling smartphone brand but has seen its market share dwindle amid intense competition from Apple ‌and Samsung. It is also battling several tax demands and royalty payment disputes.
The recommendation from India's Serious Fraud Investigation Office (SFIO) said the investigation should examine movement of funds and whether Xiaomi sought ‌mandatory investment approvals as required after India tightened scrutiny of Chinese investments following deadly border clashes between the two nations in 2020.
A person familiar with the matter said the government is examining the memorandum, which was drafted in May and reviewed by Reuters.

#serious #fraud #investigation #investment

RIP Matt Suhey–AndOthersReceivingVotes
Playing in Philly, I am very worried about Temple having the home field advantage. Should I put this one on "upset alert"??–Lion241
I know you're being mostly facetious, but college football can be super unpredictable. This isn't the Temple of 2015 and Matt Rhule (or even the Temple of Al Golden), but they're motivated and could put a scare into an unprepared team. I don't think this coaching staff will have the team show up unprepared, but when you underestimate your opponent, that's when it's easier for them to take advantage.
Just as Michigan…or Rutgers.
A long, long time ago, before the internet, I taught a linear algebra class at the night school at Temple. While I never had my car stolen and the worst thing that happened to me was getting diarrhea from some Chinese food truck which had me wishing for Depends during a 50 minute lecture, should I have more loyalty to the school?–LarzLion

#team #school

By Ella Cao and Naveen Thukral
BEIJING/SINGAPORE, Sept 10 (Reuters) - China ‌bought 14 to 15 cargoes ‌of U.S. soybeans this week, or around 1 million metric tons, four traders told Reuters, as the world's top oilseed buyer steps up purchases ‌ahead of ⁠Chinese President Xi Jinping's visit to Washington later this month.
The ⁠purchases take China's total U.S. soybean buying to nearly half of the 25 million tons the White House ‌said Beijing had committed to annually through 2028.
Chinese state stockpiler Sinograin booked the cargoes for shipment from U.S. Gulf terminals between December and February, ‌traders said.
Sinograin did not immediately respond to Reuters' requests for comment.

#cargoes #tons #purchases #ella

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Ford Motor Chief Executive Jim Farley strongly rejected claims from Transportation Secretary Sean Duffy that the automaker was growing overly reliant on Chinese car companies, including through its business tie-ups overseas and a battery plant in Michigan.

#listen #chief

After signing what President Donald Trump touted as "the biggest oil deal in world history" to take majority control of 65 billion barrels of proven crude oil reserves in Venezuela, the U.S. Administration is setting its sights on the South American country's potentially vast gold and critical minerals wealth.
The Trump Administration is weighing measures to involve U.S. companies in Venezuela's gold and critical minerals and has held initial meetings with firms to see if there is interest in engaging in the Venezuelan mining sector, sources with knowledge of the plans told Reuters this week.
Securing gold and critical minerals from Venezuela could help the U.S. with its supply of metals crucial for defense technology and applications that don't depend on China. Moreover, greater access for U.S. and Western firms in Venezuela's minerals sector would further undermine Chinese and Russian influence in the country, which the ousted Venezuelan leader, Nicolas Maduro, deposed and arrested by the U.S. in January, had enjoyed.
"We are all watching the oil situation closely and recognize there could be a parallel track with critical minerals," an executive from a critical minerals firm who met with the U.S. Administration about Venezuela, told Reuters.
However, the path to mining Venezuela's minerals would not be as straightforward as it arguably is for the oil reserves. Operators generally know how much crude oil Venezuela has (the biggest reserves in the world), but no one really knows the reserves and mining potential of the gold and critical minerals deposits.

#venezuela

Chinese e-commerce giants such as Shein and Temu have reshaped the retail landscape amid economic uncertainty, higher prices, and cautious consumer spending by offering shoppers a wide range of products at extremely low prices.
Their growth has prompted established companies such as Amazon, Target, and Walmart to invest in strategies like third-party marketplaces, supply chain infrastructure, and digital tools to keep pace with changing consumer habits.
Now, one online-first fashion retailer is taking a different approach. While many established brands have been reassessing their physical footprints and closing underperforming stores, this e-commerce fashion company is moving in the opposite direction by expanding its brick-and-mortar presence in the U.S.
Founded in 2020 as an online-first womenswear brand, Cider has built its business around affordable, trend-driven fashion and a digital-focused shopping experience.
Cider opened its second permanent U.S. retail location on September 4, 2026, at Westfield Valley Fair in San Jose, California. The 11,269-square-foot store is located at 2855 Stevens Creek Blvd., ****** e No. 2411.

#fashion #cider #prices #first

DeepSeek has engaged CITIC Securities to prepare for an initial public offering on Shanghai's STAR Market, according to Reuters, citing two people with knowledge of the matter who spoke on condition of anonymity.
The Hangzhou-based AI startup aims to begin the IPO process this year, according to Reuters. The timing of a potential offering, the amount DeepSeek could seek to raise, and its target valuation have not been determined. DeepSeek and CITIC did not respond to requests for comment.
In China, firms pursuing a mainland listing are generally required to retain a securities company for pre-IPO tutoring before they can file an application, Reuters notes. The previously undisclosed arrangement with CITIC suggests DeepSeek is making concrete progress toward a public offering.
The IPO push comes as DeepSeek seeks capital to fund computing infrastructure, model development, and talent retention amid competition from rival Chinese and U.S. AI firms. A person familiar with the matter told Reuters that Liang Wenfeng sees the IPO as a way to build a compensation structure capable of holding onto the startup's most important engineers and researchers. The company has lost talent to rivals including ByteDance and Xiaomi.
According to Reuters, DeepSeek is currently raising a new funding round at a valuation of 500 billion yuan ($75 billion). In June, the startup closed a round of roughly $7.4 billion at a post-money valuation exceeding $50 billion, with Liang Wenfeng personally contributing 20 billion yuan. Tencent Holdings and battery company CATL contributed 10 billion yuan and 5 billion yuan, respectively, becoming the largest external shareholders, according to Reuters.

#deepseek #according #company

Wall Street sees Apple Inc. (NASDAQ:AAPL) entering a significant hardware cycle ahead of its "Surprise and Shine" event streaming live on Wednesday, September 9, 2026. Bank of America, in particular, expects a broad slate of new Apple devices led by new iPhones and a Foldable iPhone.
On September 8, BofA Securities ***** yst Wamsi Mohan reiterated a Buy rating on the stock with a $380.00 price target. While Bofa may be bullish, it must be noted that one of Apple's anticipated products is launching in a market where competitors are already pushing foldable technology forward.
Chinese tech giants revealed timed foldable products ahead of Apple's launch, sharpening competition. Both unveiled foldables days before Apple's event, offering a fresh look at the competition Apple is about to face.
Pixabay/Public Domain
According to the Wall Street firm, Apple is anticipated to announce three new phones: the iPhone 18 Pro, Pro Max, and the tech giant's first foldable iPhone. This will likely be branded as the Ultra or the Fold.

#foldable #street

Chinese independent refiners may be about to start reducing their processing rates as international oil prices rise and supply from major exporters such as Venezuela and Iran dries up as a result of U.S. foreign policy decisions.
"Teapots are unlikely to be able to afford a full shift to mainstream grades," an Energy Aspects ***** yst said this week, as quoted by Bloomberg. The so-called teapots are more sensitive to adverse oil market changes due to their refining margins being slimmer than those of state-owned majors. These margins have already fallen to breakeven, from around $10 per barrel in early July, Jianan Sun also said.
China imported 37.93 million tons, or 8.93 million barrels per day of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday. The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East. This affected refinery output, which in turn contributed to the global fuel squeeze that is now set to deepen and extend in time as fighting in the Middle East continues and intensifies, pushing oil prices higher and sapping some refiners' appetite for the commodity.
With Venezuelan and Iranian crude all but gone, Chinese refiners will probably lean more heavily on Russian crude in the coming weeks. However, Russian crude prices are also on the rise on the futures market, in tune with all the other blends that trade internationally, which will likely put a lid on demand.

#june #july #China #middle

China's crude oil imports rose for the second consecutive month in August as refiners turned to additional non-Middle Eastern supply and boosted overseas fuel shipments amid eased export restrictions.
China imported 37.93 million tons, or 8.93 million barrels per day (bpd) of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday.
The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East.
Beijing, having amassed about 1.4 billion barrels of crude before the war, could afford to dramatically reduce its crude buying, slashing import volumes in June by an estimated 4.4 million bpd compared to the 2025 average.

#compared

In its early years, Chinese battery leader CATL focused on electric vehicles (EVs), riding the explosive growth of the global e-mobility market. The company has since taken a turn, aggressively expanding its energy storage business with a target for storage to generate 50% of its global sales by 2030.
Today, CATL stands as one of the world's largest grid storage suppliers, powering megaprojects such as Synergy's 2.4GW-hour (GWh) Collie Battery in Australia and the 1.4GWh Gemini Solar-Plus-Storage project in Nevada, US.
In an exclusive interview with Power Technology, CATL's managing director of Western Europe, Hank Zhao, and chief technology officer of AC (alternating current) systems, Bruce Li, share how they translate learnings from the company's automotive history to its stationary storage unit. They also discuss the operational realities of energy storage leadership, executive decision-making in a fast-changing industry, and bridging the gap between Chinese technology and European markets.
Hank Zhao (HZ): I joined the company's EV business in 2010 and stayed there for 11 years before moving to the energy storage unit in mid-2021.
When the company was founded, it started with e-mobility and stationary storage as its two main business directions. But I think before 2020, the business scale of storage was much smaller than for EVs, and we didn't see as many opportunities. Then from 2021, there was a rapid boom in demand for energy storage, especially in markets like the US and China.

#hank

BEIJING, Sept 8 (Reuters) - Chinese electric vehicle maker BYD expects overseas shipments to exceed 2.5 million vehicles in ‌2027, two major brokerages said on Tuesday, citing a ‌group meeting with company management.
BYD did not immediately respond to a request for comment.
• The export target is underpinned by continued market-share gains overseas, an expanding fleet of dedicated car carriers and a growing local manufacturing footprint, Deutsche Bank said in a note.
• BYD management guided ‌overseas shipments to reach ⁠1.9 million to 2 million vehicles in 2026, nearly double last year's level, Deutsche Bank said. ⁠Management indicated that shipping constraints limited overseas sales this year and that export volumes could otherwise have been higher.
• BYD's Hungary plant is expected to start ******* embly in November or December. Management is also ‌evaluating additional overseas manufacturing locations, according to Deutsche Bank.

#overseas #export

NASA Administrator Jared Isaacman's support for Elon Musk's idea to put AI data centers in **** e and power them with solar panels did not occur in a vacuum. It comes not just against a background of rising, bipartisan opposition to ground-based data centers but also the recent announcement of an immense, **** eX Starbase to be built in Louisiana.
Many people oppose data centers out of the same kind of "NIMBY" emotion that fueled opposition to nuclear power plants and hydraulic fracking. They view them as big, noisy eyesores that will consume a lot of electricity and water to the detriment of local communities.
Opposition to ground-based AI data centers is not universal. Trade unions, which foresee lots of jobs being created in their construction and operation, are warmly supporting them. On the other hand, if Meta's experiments with using robots at data centers pans out, those jobs may be fewer than many expect.
The reason that many people are opposed to AI data centers in their communities may have less to do with objective facts than a Chinese disinformation campaign to turn them against such facilities. Engadget reports that X uncovered a Chinese bot farm with 200,000 accounts, 200 of which were used to manipulate the debate about data centers.
It should be noted that the Chinese are going pedal to the metal to create their own data centers. As a totalitarian country, China is not concerned with public opinion one way or the other. Beijing is determined to dominate AI according to its ideology and interests.

#centers #opposition #people #communities

CNBC reported that The Goodyear Tire & Rubber Company (NASDAQ:GT) has extended the timeline for its "Goodyear Forward" turnaround plan after key financial targets went unmet.
CEO Mark Stewart told CNBC the company is trying to reach a 10% operating margin and generate meaningful cash flow, but debt remained above $7 billion at the end of the second quarter. Goodyear posted a $453 million net loss through the first half of the year against operating income of just $131 million, a 1.6% margin. The business has been hit by tariffs, elevated raw material costs, and expanding competition from cheaper Chinese tire imports. Capital expenditures, which ran roughly $2 billion combined in 2024 and 2025, are expected to fall to $725 million this year as the company prioritizes debt paydown and refinancing.
Copyright: baranq / 123RF Stock Photo
The core business is still generating a positive operating margin even amid a large net loss. Operating income of $131 million over six months shows The Goodyear Tire & Rubber Company (NASDAQ:GT)'s core tire operations are not losing money at the operating level, suggesting the much larger net loss stems mainly from the cost of servicing its debt rather than the core business itself failing.
Management is showing real capital discipline and not just promises since cutting planned capital expenditures to $725 million this year from roughly $1 billion annually in 2024 and 2025 combined is a measurable step toward freeing up cash for debt reduction. Moreover, tangible customer-facing investments, like the new retail concept store Stewart showcased in Detroit.

#goodyear #tire

By Gilles Guillaume
PARIS, Sept 7 (Reuters) - Premium German car brand Audi on Monday introduced a new compact electric vehicle to boost its ‌presence at the smaller end of the European market, where Chinese automakers ‌are launching more affordable models, and help revive its global sales.
Sales at Audi, a unit of Volkswagen, have fallen for two consecutive years and slid 7% in the first half of 2026 as fierce competition in China and U.S. tariffs hit demand.
"In Europe, we need compact and efficient cars for the future," Audi CEO Gernot Doellner ‌told Reuters in a two-century-old ⁠industrial building in the heart of Paris where the new A2 e-tron was revealed to the press.
"Premium cannot just mean ⁠more — more power, more resources — it has to mean using resources more intelligently."

#reuters #premium #mean

Citigroup is expected to secure Chinese regulatory clearance for its fully owned brokerage operation in mainland China as early as this month, with plans to recruit several dozen employees for the business in the coming months, according to Reuters.
Sources told Reuters that the final approval may come around the period of Chinese President Xi Jinping's scheduled trip to Washington for talks with US President Donald Trump in late September.
Reuters said the prospect of approval this month had not been previously disclosed.
Citi declined to comment.
The US lender, already active in China through corporate, institutional and related banking services, applied in late 2021 for a licence to establish a fully owned mainland brokerage arm as part of a broader effort to deepen its operations in the country.

#China #fully

While President Donald Trump's tariffs have caused much heartburn on Wall Street, China's cheap and overwhelming exports have also been rippling through the global economy.
But the Chinese growth model is running out of road, setting the stage for another global economic crisis, according to Michael Froman, a former U.S. Trade Representative and current president of the Council on Foreign Relations.
Writing in Foreign Affairs last month, he warned "the world's ability to absorb Chinese overcapacity is approaching a breaking point."
For example, the International Monetary Funds estimated that global GDP growth is running around 3.1% this year, while China's trade surplus expanded more than 20% in early 2026. That's after China posted a $1.2 trillion trade surplus in 2025—the largest in recorded history—growing three times faster than global goods trade.
Now there's widespread pushback against the flood of Chinese exports. Most notably, Trump hiked tariffs on China last year and made it the centerpiece of his "Liberation Day" trade war. But even once-stalwart defenders of open markets, like the European Union, are racing to put up trade barriers against China.

#trade

Hasan Piker hears the growing chorus of Democrats condemning him for incendiary statements, and he has a message for the party: "My job is not to make the Democratic Party look good."
The far-left Twitch streamer has boosted socialist candidates even as he created headaches for the broader Democratic Party in a midterm election cycle where it hopes to make major gains. The 35-year-old Piker — whose polarizing stances range from defending communist Chinese dictator Mao Zedong to comparing Zionism to "Nazism" — is a darling of the Democratic Socialists of America, but a potential liability for mainstream Democrats as November approaches.
Piker said Democratic Party officials have not reached out to coordinate a strategy.
"I have not had a conversation with anyone from the DNC," Piker said. "That would be very funny."
James Carville Decries 'Idiot' Hasan Piker, Orders Dsa To Change Its Name

#democratic

By Nicoco Chan and Tingshu *******
GYIRONG, China, Sept 6 (Reuters) - Chinese officials said on Sunday that workers had recovered 12 more bodies as the search continued for hundreds still missing after a tsunami-like mudslide destroyed China's main border crossing with Nepal.
Rescue workers in bright ‌orange uniforms used excavators, shovels and ground-penetrating radar to scour the now-buried site of the Gyirong border crossing.
The border crossing became a grisly ‌emblem of the devastation that followed the collapse of a glacier on the Nepal side of the border on August 26 after videos showed a black wave of water, mud and debris sweeping over it with little warning.
Reuters and other news agencies visited the land port, which sits in a narrow river gorge, in the first trip organised for international media by China's foreign ministry on Sunday.

#gyirong #reuters #tingshu

By Laurie Chen and Eduardo Baptista
BEIJING, Sept 4 (Reuters) - President Xi Jinping is preparing a large business delegation to accompany him on his visit to Washington, two sources said, an unusual move given U.S. scepticism towards Chinese investment and Beijing's strained ties with private enterprise.
Xi rarely travels abroad with corporate executives, many of whom fell ‌out of favour after Beijing's regulatory crackdowns on the technology, education and property sectors that began in 2020.
"The White House is not tracking a Chinese CEO delegation," an official ‌said. The White House did not explain what they meant by tracking.
The business delegation for the September 24 summit has not been previously reported. Reuters could not determine which executives would join the delegation.

#business

SEOUL, South Korea (AP) — A group of Chinese artists is boycotting a major art exhibition in South Korea over the organizers' plans to use the name "Taiwan Pavilion" for an exhibition of works by Taiwanese artists.
China considers self-governing Taiwan to be part of its territory and rejects the island's claim to sovereignty. Beijing generally refers to Taiwan as "China's Taiwan region."
China's Foreign Ministry on Thursday criticized the South Korean organizers of the biennial Gwangju Biennale, one of Asia's most prominent art exhibitions, saying the organizers have "stubbornly clung to the wrongful practice, allowing China's Taiwan region to participate under a designation that is completely incompatible with its status."
Spokesperson Guo Jiakun said China hopes the South Korean government will uphold its political commitment to the "one China" principle through concrete action.
The Chinese artists said the same day that they were withdrawing from the festival, which opens Saturday and runs through mid-November.

#korean

Michael Burry, the investor famous for his subprime mortgage bets detailed in "The Big Short," said on August 23 that he has sold his stake in Alibaba Group Holding Limited (NYSE:BABA), calling the Chinese e-commerce and cloud giant's shares overvalued. Burry stated in a Substack article that he had intended to reinvest the majority of his investment in Alibaba within a month or two, but changed his mind. "No longer," he said, adding that the stock's price would need to "fall by half" before he became interested again.
Burry's statements came after Alibaba Group Holding Limited (NYSE:BABA) announced and subsequently completed an approximately HK$80 billion, or $10.2 billion, share placement, through a share offering to fund its artificial intelligence goals. The company has stated that all net proceeds will go into developing its "full stack" AI capabilities.
That funding structure prompted Burry to abandon his plan to reinvest in the stock. "I cannot bless share issuances," he said, adding that Burry objected to the dilution from the financing and said he expects Alibaba's return on invested capital to continue declining. In another post on X, he stated clearly that he wouldn't change his view on Alibaba, referring to share issuance as the company's "new paradigm."
Burry had acquired a new Alibaba Group Holding Limited (NYSE:BABA) stake in April, stating at the time that it comprised just over 6% of his portfolio according to his disclosures at the time. However, in late June, he reversed direction, stating that he had sold the entire holding and invested the proceeds in JD.com, Inc. (NASDAQ:JD), Alibaba's main domestic e-commerce rival. He subsequently described his JD.com position as large and argued that easing competition in China's delivery market could support higher margins.
Institutional opinions regarding the two companies have shifted in distinct directions. Alibaba Group Holding Limited (NYSE:BABA) saw hedge fund holdings decrease marginally, from 102 funds in the first quarter to 97 in the second quarter. JD.com, Inc. (NASDAQ:JD), by comparison, saw hedge fund ownership move up little, from 43 funds to 44 over the same period.

#burry #Share #fund

VLADIVOSTOK, Sept 4 (Reuters) - Igor Sechin, chief of Russia's top oil producer Rosneft, said ‌on Thursday that China, not OPEC, has ‌stabilized global oil markets by reducing crude imports by 5.5 million barrels per day this year.
Sechin, the most influential Russian energy manager and a long-standing ally of President Vladimir Putin, was speaking at a ‌Russian - Chinese business ⁠forum in the far eastern city of Vladivostok.
"This year, China has effectively ⁠taken the lead from OPEC and, without being a member of any cartel, has managed to stabilise the global oil market by cutting its oil ‌imports by 5.5 million barrels per day," Sechin said.
Sechin, known for his skepticism towards OPEC, said China will get more influence on the energy markets as the number of OPEC members is ‌declining.
"I believe that further growth in China's reserves will strengthen China's role in the energy market, against a ‌backdrop of OPEC's waning influence and a reduction in the number of its members," Sechin said.

#sechin #energy #vladivostok

An auction of the retail empire formerly owned by the Barclay family is set to be shelved after bidders failed to meet the £2bn asking price.
Very Group, the online retailer that also owns the Littlewoods brand, was bought by US private equity firm Carlyle for a nominal £1 sum last year and subsequently put up for sale.
But plans to sell the company now appear to be in jeopardy after none of the potential suitors, which included Chinese online giant JD.com, came up with offers large enough to meet Carlyle's demands, Sky News reported.
Carlyle, which had been Very's main creditor, seized control of Very in November following the collapse of the Barclay empire amid a dispute with Lloyds Banking Group about unpaid debts.
In addition to JD.com, possible bidders are said to have included investment firm Elliott, which owns Waterstones, and plus-size online retailer N Brown, which owns the Jacamo and Simply Be brands.

#owns #group #bidders #meet

Chinese electric vehicle (EV) stocks are having a rough ride this year amid the slowdown in the country's auto market, which is the biggest in the world by a fairly wide margin. Among the listed names, Nio (NIO) and XPeng Motors (XPEV) hit their 52-week lows yesterday, Sept. 2. Li Auto (LI) is also not very far from 52-week lows as investors have shunned Chinese EV stocks this year.
Notably, Nio stood out among peers this year, but pessimism toward Chinese EV stocks has caught up of late, and NIO stock has lost nearly a quarter of its market cap, with a drawdown from the 2026 peak of nearly 45%. Let's ******* yze Nio's recent slump and examine whether the dip is a buying opportunity.
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential ******* eX Deal Could Meaningfully Accelerate Growth for Technip Stock

#year #nearly

A trade group representing American automakers is urging Congress to permanently bar the sale of Chinese vehicles in the U.S.
In a letter to senior lawmakers, the Alliance for Automotive Innovation on Thursday called on them to "enact a permanent ban on the sale, import and manufacture of Chinese connected vehicles, hardware and software" in the U.S., citing China's alleged unfair trade practices, intellectual property theft and pattern of surveillance.
"This behavior is a feature of the Chinese approach and especially acute when it comes to China's strategy to dominate global automotive manufacturing and critical supply chains," wrote the group's president and CEO, John Bozzella.
Bozzella also said that non-Chinese automakers are unfairly disadvantaged by China's industrial and manufacturing policy, which the car industry group said threatens to undermine the U.S. automotive manufacturing sector.
U.S. automakers face mounting competition from Chinese rivals, including BYD, which is exporting more low-cost vehicles worldwide.

#automotive #sale

Chinese refiners are paying a hefty premium for Russia's ESPO crude to replace Iranian crude that independent refiners were importing before the U.S. installed its naval blockade on the country.
East Siberia-Pacific Ocean crude, or ESPO, for delivery in November is trading at a premium of over $7 per barrel, with offers reaching as high as $10 per barrel over Brent crude, Bloomberg reported today, citing traders. The blend is loaded from Russia's Far East coast and can reach the buyers in China in less than a week, the publication noted.
China is the biggest buyer of ESPO crude, with a market share of 83% for the first seven months of the year. However, this share is down from 88% a year earlier. The change came amid stronger ESPO buying from Indian refiners, whose market share for the Far Eastern Russian crude blend went up from 12% to 16% for the first seven months of the year, according to data from Kpler and Vortexa. Total oil exports from Russia's Far Eastern port of Kozmino ticked up by 6% over the first seven months of the year.
India raised its ESPO imports due to the slump in overall Chinese oil imports between May and June, and the supply disruptions in the Middle East, which delayed many term cargoes Indian refiners were expecting in the early summer.
Normally, Indian refiners prefer the Urals blend but have now warmed up to ESPO even though it takes longer to reach its destinations in India and is costlier than Urals. However, the Far Eastern blend is a good backup option for Indian buyers in times of disruption, according to energy ***** ysts.

#year

Chinese diversified technology conglomerate Tencent (TCEHY) recently reported that its new artificial intelligence (AI) model performs better than models belonging to relatively newer labs like Z.AI and Moonshot. While Z.AI is known for its General Language Model (GLM), Moonshot's Kimi models have grabbed headlines following the release of its flagship K3 model.
Now, Tencent claims its Hy4 Preview has reportedly outperformed the models of these newer AI upstarts. Primarily aimed toward coding, game development, and scientific research, the model works on 770 billion parameters, has 49 billion active parameters per token, and a token context window exceeding 1 million.
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential ***** eX Deal Could Meaningfully Accelerate Growth for Technip Stock

#model #deal #chinese