Bubble tea chain Auntea Jenny's IPO happened at the right time and place: GROW Investment Group
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Yahoo
28 minutes ago
- Yahoo
Geely's Farizon brand gets big order for SV window van in Hong Kong
Farizon has unveiled two new variants of its new born-electric SV large van: a large-capacity taxi; and a multi-passenger Combi. Launched at the recent Hong Kong Auto Expo and initially available in the Chinese market only, Farizon says the two new variants highlight the inherent adaptability of the SV's GXA-M platform. Farizon has also announced that the first customer for the SV taxi – Big Bee taxi which operates in Hong Kong – has placed an order for 1,000 units. The new seven-seat model has been designed to offer passengers comfort, space and plenty of room for luggage, Farizon says. While the new Farizon SV taxi and Combi variants are currently available only in the Chinese market, the company says it will 'continue to assess opportunities for them in other global markets as it progresses its roll-out of the SV panel van in export markets around the world'. Farizon SV Combi Designed for fleets and operators who need to transport people and a large amount of kit, the Farizon SV Combi delivers a mix of cargo carrying abilities and space for passengers. It can be configured with five or six seats. An ultra-low platform height of 520mm and the SV's hidden B-pillar design helps to create a more user-friendly experience for passengers, the company says. Cargo space in L1 variants, with a length of 5 metres, stands at 3.8 m3; the L2 variants, which are 5.5 metres long, offer 5 m3 of space for luggage. Farizon SV platform The two new models harness the potential offered by Farizon's GXA-M platform. This features an 'innovative use of Cell-to-Pack (CTP-S) battery technology, which connects individual battery cells directly to the battery pack, rather than relying on individual modules'. The result, it is claimed, is body rigidity that is improved by 20% compared to conventional battery module packaging configurations. Farizon says there is a range of up to 370km for the taxi and 319km for the Combi, and a 20%-80% top-up possible in just 30 minutes. "Geely's Farizon brand gets big order for SV window van in Hong Kong" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
China to reportedly launch stablecoins to challenge dollar dominance
China to reportedly launch stablecoins to challenge dollar dominance originally appeared on TheStreet. China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time, as per the latest Reuters report. The step would mark a major reversal in the country's crypto policy, which has so far resisted embracing the crypto ecosystem. The decision is part of its strategy to boost the global adoption of its national currency, sources familiar with the matter told the publication. A stablecoin is a type of cryptocurrency that tries to keep its price stable by being pegged to a fiat currency like the U.S. dollar or a commodity like gold. China's cabinet could review and approve the stablecoin roadmap later this month so that the yuan's global usage grows and it can potentially catch up with the U.S. administration's push for stablecoins, Reuters said by citing sources. As per one Reuters source, senior Chinese leadership is expected to meet for a study session by the end of August, which will focus on the yuan's global adoption and stablecoins. Senior leaders are expected to guide stablecoin usage and set clear rules for its role in business, as per the source. China wants to challenge dollar's dominance While China has been apprehensive of the global crypto economy and has banned it in the mainland, its desire for the yuan to challenge the likes of the USD as the standard global currency is pushing the dragon toward stablecoins. With President Donald Trump signing the GENIUS Act to drive the global growth of USD-pegged stablecoins, the U.S. is a leader when it comes to stablecoins, and it will be quite a challenge for China to catch sources, Reuters also reported that China is expected to potentially discuss the usage of stablecoins for cross-border trade and payments with some countries at the Shanghai Cooperation Organisation (SCO) Summit to be held Aug. 31-Sep. 1 in Tianjin. Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, the total stablecoin market is worth more than $275 billion at the time of writing, and the USD-pegged stablecoins dominate the market. China to reportedly launch stablecoins to challenge dollar dominance first appeared on TheStreet on Aug 20, 2025 This story was originally reported by TheStreet on Aug 20, 2025, where it first appeared.
Wall Street Journal
an hour ago
- Wall Street Journal
Tencent Shareholder Prosus Says E-Commerce Earnings Beat Target
Technology investor Prosus PRX -0.19%decrease; red down pointing triangle NV said its e-commerce segment's core earnings for the fiscal first quarter were ahead of its internal target, while revenue for the period was in line. The largest shareholder of Chinese tech giant Tencent Holdings said adjusted earnings before interest, taxes, depreciation, and amortization for the three months through June 30 rose to $237 million from $157 million in the first quarter of fiscal 2025, beating its internal target by 14%.
