Newsfeeds Archive - Spark Newswire

4 minute read

Penny Stocks

Weak China Car Market Puts Brakes On Cheche’s Growth

June 5, 10:33 AM

Key Takeaways: Cheche’s net revenue rose 1% year-on-year in the first quarter, lagging growth rates for the value and number of transactions on its platform The results indicate both insurance underwriters and Cheche are facing pricing pressure from growing competition in a sluggish auto market By Warren Yang

CCG

2 minute read

Alibaba’s 618 Shopping Festival Boosts Sales with Big Brands Like Apple, Xiaomi Leading the Way

By Anusuya Lahiri

June 3, 1:59 PM

Alibaba's 618 shopping festival saw strong momentum with over 185 brands achieving high sales and support for their goal of double-digit revenue growth.

AAPL

2 minute read

Xiaomi’s Q1 Revenue Soars 27% As Global Smartphone Shipments Surge, Eyes Ambitious EV Goals

By Shivani Kumaresan

May 23, 12:11 PM

Xiaomi reported a 27% revenue increase for Q1 2024, reaching RMB75.51 billion. The company's global smartphone shipments rose 33.7% to 40.6 million units, while IoT devices on Xiaomi's AIoT platform surged 27.2% to 786.1 million. Despite a 1% net income decline, signs of recovery in the mobile market are evident. Xiaomi aims to deliver 120,000 SU7 electric vehicles this year.

AAPL

3 minute read

EV Market Set For 20-23% Growth, Led By China-Based Companies Like Nio, XPeng, Li Auto: JPMorgan

By Surbhi Jain

May 17, 11:04 AM

J.P. Morgan's recent Battery Series provided insights on the industry's future, with 20-23% YoY growth projected for global EV sales in 2024. China leads, while US and Europe have muted expectations. Focus on fast charging & cost reduction. Localization trends impact supply chain.

BASFY

2 minute read

News
Tech

Tesla Faces Stiff Price Competition In China From Latest Entrants Nio’s Onvo L60 And Xiaomi SU7

By Anan Ashraf

May 17, 9:03 AM

China's latest EV entrants are looking to take on Tesla Inc's market share within the country, with vehicles priced competitively against the American EV giant's best-selling EVs in the country.

NIO