Shenzhen city skyline.Photographer is my life. | Getty ImagesChina's Shenzhen has recorded the fastest growth in millionaires over the past decade, and is poised to see a further influx in the coming years, according to a recent report.Shenzhen recorded 140% growth in millionaire count, according to the report from New...
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Netflix ad-supported tier has 40 million monthly users, nearly double previous count
Rafael Enrique | Lightrocket | Getty ImagesNetflix's cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday.That's nearly double the 23 million figure the streaming giant shared in January.The company also said it would launch its own advertising platform and no longer partner with Microsoft...
Chinese EV maker Zeekr prices IPO at $21, at the top end of range
A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021.Aly Song | ReutersChinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top...
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y.Deliveries for...
Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday."I think that as far as Europe is concerned we need a more mature attitude in our trade, securing our economy ... especially...