Latest news with #3rdChinaInternationalSupplyChainExpo
Toronto Sun
a day ago
- Automotive
- Toronto Sun
Tesla shares sink as Musk says it could face some 'rough quarters' ahead
Published Jul 24, 2025 • 1 minute read People visit a booth of Tesla during the 3rd China International Supply Chain Expo at the China International Exhibition Center, in Beijing, China, Friday, July 18, 2025. Photo by Mahesh Kumar A. / AP NEW YORK — Tesla shares sank Thursday after CEO Elon Musk said the company could face a 'few rough quarters' as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Late Wednesday, the electric vehicle maker reported another quarter of lackluster financial results, with revenue dropping 12% and profit falling 16%. Many prospective buyers have been turned off by Musk's foray into right-wing politics, and the competition has ramped up in key markets such as Europe and China. Tesla faces the loss of the $7,500 EV tax credit and stands to make much less money from selling regulatory credits to other automakers after recent changes to federal tax law. President Donald Trump's tariffs on countries including China and Mexico will also cost Tesla hundreds of millions of dollars, the company said on its earnings call. Musk spent the call talking less about car sales and more about robotaxis, automated driving software and robotics, which he says is the future of the company. But he acknowledged those businesses are a ways off from contributing to Tesla's bottom line. This advertisement has not loaded yet, but your article continues below. Tesla began a rollout in June of its paid robotaxi service in Austin, Texas, and hopes to introduce the driverless cabs in several other cities soon. Musk told analysts that the service will be available to probably 'half of the population of the U.S. by the end of the year — that's at least our goal, subject to regulatory approvals.' 'We're in this weird transition period where we'll lose a lot of incentives in the U.S.,' Musk said, adding that Tesla 'probably could have a few rough quarters' ahead. He added, though, 'Once you get to autonomy at scale in the second half of next year, certainly by the end of next year, I would be surprised if Tesla's economics are not very compelling.' In early trading Thursday, Tesla share were down 8% to around $305. Sports Ontario Golf Canada Canada
Toronto Star
5 days ago
- Health
- Toronto Star
Fangzhou and Novo Nordisk Signed Collaboration Memorandum to Establish a New Ecosystem for Health Management
BEIJING, July 21, 2025 (GLOBE NEWSWIRE) — Fangzhou Inc. ('Fangzhou' or the 'Company') ( a leader in Internet healthcare solutions, signed a Memorandum of Understanding with Novo Nordisk, a leading global healthcare company, at the 3rd China International Supply Chain Expo in Beijing. Leveraging its AI application services, innovative treatment solutions, and convenient pharmaceutical services, Fangzhou will collaborate with Novo Nordisk on managing serious chronic diseases, such as diabetes and obesity.
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
Fangzhou and Novo Nordisk Signed Collaboration Memorandum to Establish a New Ecosystem for Health Management
BEIJING, July 21, 2025 (GLOBE NEWSWIRE) — Fangzhou Inc. ('Fangzhou' or the 'Company') ( a leader in Internet healthcare solutions, signed a Memorandum of Understanding with Novo Nordisk, a leading global healthcare company, at the 3rd China International Supply Chain Expo in Beijing. Leveraging its AI application services, innovative treatment solutions, and convenient pharmaceutical services, Fangzhou will collaborate with Novo Nordisk on managing serious chronic diseases, such as diabetes and obesity. Fangzhou and Novo Nordisk Signed Collaboration Memorandum Fangzhou's founder, chairman, and CEO Dr. Xie Fangmin, and Christine Zhou, Novo Nordisk Senior Vice President & President of Region China, attended the signing ceremony. By leveraging Novo Nordisk's expertise and innovative products in diabetes and obesity treatment, Fangzhou plans to employ its smart healthcare ecosystem and robust technology infrastructure to create a comprehensive health management service. This will include medication guidance, reminders, efficacy tracking, and health education, effectively shaping the value chain in the glucose control and weight loss sector. The aim is to shift the focus from a 'disease-centered' approach to a 'health-centered' model, providing patients with higher quality and more convenient one-stop healthcare services. Dr. Xie Fangmin remarked, 'We are partnering with Novo Nordisk, a leading global healthcare company, to explore AI technology and address the pain points of traditional health management. Together, we aim to deliver innovative digital solutions for managing blood sugar and weight on a global scale.' Christine Zhou said, 'With the combined strengths of both companies, this collaboration will closely integrate chronic disease prevention and digital innovation technology, jointly enhancing public awareness of diabetes and obesity. It will also support the aim that the concepts of early screening, early diagnosis, and early treatment are effectively implemented within smart healthcare environments.' Looking forward, both companies expect to explore further innovative collaborations in the medical industry's digital transformation, with the goal of benefiting patients with serious chronic diseases and accelerating the achievement of the 'Healthy China 2030' strategic objectives. About Fangzhou Inc. Fangzhou Inc. ( is China's leading online chronic disease management platform, serving 49.2 million registered users and 223,000 physicians (as of December 31, 2024). The Company specializes in delivering tailored medical care and precision medicine solutions. For more information, visit . Media Contact For further inquiries or interviews, please reach out to: Xingwei Zhao, Associate Director of Public Relations Email: pr@ Disclaimer: This press release contains forward-looking statements. Actual results may differ materially from those anticipated due to various factors. Readers are cautioned not to place undue reliance on these statements A photo accompanying this announcement is available at
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
China Resources Group Participates in 3rd CISCE to Develop World-Class Supply Chain for Listed Companies
BEIJING, July 19, 2025 /PRNewswire/ — The 3rd China International Supply Chain Expo (CISCE), with the theme of 'Collaboration, Innovation, and Green Development', is being held in Beijing from July 16 to 20, 2025, gathering together 651 enterprises and institutions from 75 countries and regions. As a Fortune Global 500 company, this is the third time that China Resources Group (CR) has participated in the CISCE. CR brings its 12 business units to the expo, presenting the group's global strategic layout and competitive edge in relevant industrial and supply chains in three exhibition sections: Healthy Life, Green Agriculture and Clean Energy. CR is a leading Chinese conglomerate with six key businesses: consumer products, integrated energy, urban construction and operation, healthcare, industrial finance, technology and emerging sectors. It ranks the 72nd position on the list of 2024 Fortune Global 500. In the Healthy Life section, seven CR subsidiaries—CR Sanjiu, Dong-E-E-Jiao, CR Jiangzhong, CR Double-Crane, CR Pharma Comm, CR Healthcare and CR Land—offers a panoramic view of the group's global healthcare ecosystem. In the Green Agriculture section, CR Beer, CR Beverage, and CR Ng Fung highlight the group's green agricultural product matrix, premium international brand matrix, and achievements in global supply chain collaboration. In the Clean Energy section, CR Power and CR Chemical Materials exhibit the group's low-carbon energy supply chain layout marked by internationalization, environmental friendliness, and synergy, which is powered by technological innovation. Amid global industrial chain restructuring, CR has pioneered a standardized and flexible supply chain management system by leveraging the resources and taking into consideration the industry differences of its 22 listed companies. It has crystallized its strategic vision to develop a world-class supply chain ecosystem for its listed companies. Currently, 270,000 upstream/downstream partners, including more than 2,600 overseas suppliers, have engaged in CR's supply chain business, vigorously advancing the deep integration of global innovation, industrial, and value chains. Moving forward, CR will accelerate its green transformation and upgrading through coordination and innovation. It will collaborate with all parties concerned to consolidate and strengthen cooperation in global industrial and supply chains, maintain the stability of global industrial and supply chains, so as to achieve mutual benefits and win-win cooperation.
Express Tribune
7 days ago
- Business
- Express Tribune
'BRI states must adopt diversified supply chain'
Listen to article In the current environment, the global supply chain has been continuously upgrading digitally, ie, achieving innovative and sustainable development, which is also a major responsibility that Pakistan and China should shoulder together, remarked National Bank of Pakistan (NBP) Beijing Office Chief Representative Shaikh Muhammad Shariq. Speaking at a panel discussion on supply chain services held during the 3rd China International Supply Chain Expo, the chief representative pointed out that the key link is to provide complete localised financial services and reduce conflicts between traders, which is crucial for both large leading enterprises and small startups. "The global supply chain must take a diversified path, not only for industrial powers like China, but also for all countries participating in the Belt and Road Initiative (BRI), and of course Pakistan, which is jointly developing CPEC (China-Pakistan Economic Corridor)." Shariq emphasised, "The optimised financing mechanism will allow us to have smoother capital flow and reduce our reliance on a single path, helping us to seek better financing strategies." Talking specifically about financial links between China and Pakistan, Shariq elaborated on NBP's efforts. "In 1981, we entered the Chinese market and opened a representative office in Beijing. Since then, we have been helping Chinese companies in different fields that are interested in doing business in Pakistan." "From a deeper perspective, policymakers in China and Pakistan have established very deep connections to simplify all financial-related processes, assisting us to confidently provide comprehensive services in the current complex and changing international environment, solving financial problems and of course the most important liquidity problem for enterprises. In a nutshell, a very stable supply chain ecosystem allows better cross-border cooperation between our two countries."
