Latest news with #CNY
Yahoo
8 hours ago
- Automotive
- Yahoo
Geely steps up efforts to take full control of Zeekr
China's Zhejiang Geely Holding Group Company (Geely) has stepped up its efforts to acquire all outstanding shares in its Zeekr premium battery electric vehicle (BEV) subsidiary, with the aim of taking the company private again. The move is part of the automaker's plans to streamline the group's global operations, generate additional synergies between the individual brands, and create two main divisions – its Geely mass market vehicle unit and the Zeekr premium brand. Geely currently owns just under 63% of Zeekr Intelligent Technology Holding (Zeekr Group), which is listed on the New York Stock Exchange following its initial public offering (IPO) in May 2024. Earlier this year the company offered US$ 2.2 billion for all of the outstanding shares, an offer that has since been increased to US$ 2.4 billion (US$ 2.687 per share) – valuing the company at US$ 6.83 billion. Zeekr was founded in 2021 as Geely's premium BEV brand, incorporating the group's latest technologies. It delivered over 222,000 vehicles globally in 2024, generating a turnover of CNY 75.9 billion (US$ 10.6 billion). "Geely steps up efforts to take full control of Zeekr" 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
Business Times
2 days ago
- Business
- Business Times
China Medical System surges 6% at the open with its secondary listing on SGX
[SINGAPORE] Shares of China Medical System (CMS) jumped 6 per cent at market open with its secondary listing made on the mainboard of the Singapore Exchange (SGX) on Tuesday (Jul 15). At 9 am, its shares began trading at 2.06 Chinese yuan (CNY), before increasing to 2.08 CNY by 9.03 am. By 9.05 am, CMS had risen by over 4.8 per cent to 2.10 CNY, and hit 2.12 CNY, up 6 per cent as at 9.07 am. The company's shares were last at 2.28 CNY, with around 150,000 shares changing hands. In an earlier statement on Jun 24, CMS said the listing will not involve the issuance of new shares, and the shares will continue to be primarily listed and traded on the Hong Kong Stock Exchange thereafter. CMS is a specialty pharma with a focus on sales and marketing in China, with capabilities across the full lifecycle of drug development, from identifying clinical needs to research and development (R&D) regulatory approval, and commercialisation. The company has been listed in Hong Kong since 2010, and has expressed interest in a secondary listing on Singapore's bourse in July this year. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Its regional headquarters for its South-east Asia and Middle East business is Singapore. According to CMS, it expects growth momentum to accelerate on the back of the replenishment of its pipeline of innovative drugs to about 40 products as at Dec 31, 2024, where it noted four key platforms to scale its pharmaceutical ecosystem across Asia-Pacific. One is CMS R&D, which is involved in drug discovery and development targeting global markets, while PharmaGend is a development and manufacturing platform for regional manufacturing and supply. The pharmaceutical group also has Rxilient Health, a Singapore-headquartered entity focused on registration and commercialisation in South-east Asia and a Singapore venture arm, which makes strategic investments to support regional pharma innovation.
Yahoo
5 days ago
- Business
- Yahoo
Where Will Alibaba Stock Be in 1 Year?
Alibaba stock has bounced back over the past year. The company impressed investors with its stabilizing growth and margins. The stock looks undervalued relative to the company's growth potential. 10 stocks we like better than Alibaba Group › Over the past 12 months, Alibaba's (NYSE: BABA) stock rose nearly 50% as the company impressed investors with its stabilizing growth and artificial intelligence (AI) efforts. But even after that rally, the Chinese e-commerce and cloud leader's stock price remains 65% below its all-time high from October 2020. Should investors buy Alibaba's stock today and expect it to keep climbing over the next 12 months? Or will it give up its gains as it faces more macro and competitive headwinds? Back in fiscal 2022 (which ended in March 2022), Alibaba's revenue rose 19%. But its revenue only grew 2% in fiscal 2023, 8% in fiscal 2024, and 6% in fiscal 2025. That slowdown was caused by three major challenges. First, China's antitrust regulators fined Alibaba in 2021 and barred it from locking in its merchants with exclusive deals, using aggressive loss-leading promotions to gain new customers, and making unapproved investments and acquisitions. The regulators also scuttled a planned IPO for its fintech affiliate Ant Financial. Those restrictions eroded its defenses against its smaller competitors like PDD, and ByteDance's Douyin (known as TikTok overseas). Second, China's economy cooled off -- partly due to the unpredictable "zero-COVID" lockdowns and a softening real estate market -- and consumer spending slowed down. Those macro headwinds also caused its cloud customers to rein in their spending. As Alibaba's growth decelerated, the bears argued that its high-growth days were over and its business was maturing. Daniel Zhang, who had served as its CEO since 2015, also stepped down in 2023. After Zhang's departure, Alibaba flirted with the idea of spinning off its individual business segments with fresh IPOs -- but those plans never panned out. But through all of that noise, Alibaba's business kept growing. In its retail business, the robust growth of its overseas marketplaces (Trendyol in Turkey, Lazada in Southeast Asia, Daraz in South Asia, and AliExpress for cross-border purchases) offset the weaker growth of its Taobao and Tmall marketplaces in China. The warmer macro environment and the expansion of the AI market also generated tailwinds for its cloud infrastructure business. As Alibaba's two core businesses grew again, it cut costs, bought back more shares, and generated a higher mix of revenues from its higher-margin cloud and AI businesses to grow its earnings per share. Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Revenue growth (YOY) 7% 4% 5% 8% 7% Operating margin 7% 15% 15% 15% 12% Adjusted EPS growth (5%) (5%) (4%) 13% 23% Data source: Alibaba. In CNY terms. YOY = Year-over-year. As a result, Alibaba's top line stabilized, its operating margins expanded, and its adjusted earnings grew year over year over the past two quarters. That recovery, along with its ongoing upgrades for Qwen -- its new family of large language models (LLMs) for new generative AI applications -- drew many investors back to Alibaba's stock. For fiscal 2026, analysts expect Alibaba's revenue to rise 7% as its adjusted EPS grows 8%. For fiscal 2027, they expect Alibaba's revenue and adjusted EPS to increase 8% and 14%, respectively. Investors should take those estimates with a grain of salt, but they imply that its overseas e-commerce marketplaces and cloud business will continue to expand. Since Alibaba no longer plans to spin off its business units as stand-alone companies, it might integrate its cloud, AI, logistics, delivery apps, and brick-and-mortar stores more tightly into its domestic and overseas e-commerce marketplaces. That approach could widen its moat against its less diversified competitors. Even after its year-long rally, Alibaba's stock trades at just 11 times its forward adjusted earnings. Its valuations are likely being compressed by the tariffs and the trade war between the U.S. and China. But if that pressure eases, it could command a higher valuation again. Assuming Alibaba matches analysts' estimates and it trades at a more generous 15 times its forward adjusted earnings by the beginning of fiscal 2027 (April 2026), its stock could rise 55% to about $167. Alibaba could still have a bright future. However, investors should only buy its stock if they believe cooler heads will prevail in the ongoing trade war. If you expect those tensions to escalate, it might not be the best idea to chase its latest gains. Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alibaba Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group and The Motley Fool has a disclosure policy. Where Will Alibaba Stock Be in 1 Year? was originally published by The Motley Fool Sign in to access your portfolio
Cision Canada
6 days ago
- Business
- Cision Canada
ROSESELSA, a Leading Chinese Hi-Fi Brand and East Asian Audio Equipment Pioneer, Launches Its Groundbreaking OPENFREE Clip-On Wireless Earbuds Globally
CHENGDU, China , July 10, 2025 /CNW/ -- ROSESELSA (Rose Technics), recognized as one of China's Top 10 Hi-Fi Brands, today announced the global launch of its innovative OPENFREE clip-on wireless earbuds. Debuted in June 2025 , the OPENFREE embodies ROSESELSA's signature sleek minimalist design philosophy. After nearly a year of meticulous refinement, the earbuds deliver breakthroughs in comfort, sound quality, battery life, and more. Continue Reading OPENFREE clip-on open-ear wireless earbuds by ROSESELSA, shown in a minimalist product photo. A proprietary "Suspension + Micro-Clip" Structure delivers an air-light, secure fit that defies perception. The breakthrough 10mm Liquid Crystal Composite Diaphragm and Planck Driver technology shatter the sound quality barriers of open-ear designs. Dual LDAC and LHDC High-Fidelity Audio codec support reveals near-CD-quality lossless detail across every note. Ultra-low 20ms latency via the LC3 protocol ensures perfect audio-visual synchronization for gaming and video. Founded in 2015, ROSESELSA drew inspiration from the Buddhist philosophy "Amidst a sea of choices, I take but one." Embracing a "small yet exquisite" ethos, the brand dedicated itself to the audio industry. Driven by the spirit of "Dare to be Different," ROSESELSA pursues relentless innovation. Through its highly popular products, the brand has steadily expanded its footprint and influence within Mainland China. In 2023, ROSESELSA appointed the renowned musician Steve Chou as Brand Ambassador for Mainland China. His profound musical literacy and unique personal style further strengthened ROSESELSA's brand image of exceptional sound quality and distinctive style. Over the past three years, ROSESELSA has championed its "Democratizing Premium Sound" philosophy, enabling users to access high-end audio experiences at affordable prices. The brand constantly secured the Top 1 on the east Asian audio equipment charts, and achieved sales revenue of CNY 162 million (approx. US$22.5 million ) during the 2025 618 Shopping Festival, cementing its industry leadership position. In 2024, ROSESELSA launched its global expansion strategy, actively entering key markets across Europe , North America , and the Asia-Pacific region. Its exceptional headphone portfolio garnered significant global attention across digital platforms and won multiple prestigious international design awards, including the Silver Winner MUSE Design Awards, New York Product Design Awards (NYPDA), and the London Design Awards. "We remain true to our founding spirit, and combine original design with modern simplicity. By continuously creating classic, memorable products in this era of rapid obsolescence, we try to bring surprise and touch to users worldwide," says Jack Long , the CEO of ROSESELSA. Media Contact: Henry Chen , [email protected] SOURCE ROSESELSA
SoraNews24
7 days ago
- SoraNews24
Japan Airlines is giving away free domestic flights to international tourists
Find out how you can take advantage of this special offer. If you've been to Tokyo recently, you'll know how overly crowded it is, with record-breaking numbers of international visitors flying into Japan and making the city their first tourist destination. Meanwhile, in the Japanese countryside, however, peaceful, quiet communities with dwindling populations are crying out for tourists, and Japan Airlines (JAL) plans to get them there, by giving away free domestic plane tickets to overseas visitors. It's a win-win for international tourists, who get to snag a free plane ticket to any of JAL's 64 domestic destinations, and cities outside of Tokyo that might otherwise be overlooked or deemed too difficult to get to. Far-flung destinations like Sapporo on the northern island of Hokkaido, for instance, or Naha on the southern islands of Okinawa, are now more easily accessible, putting them on the radar for visitors who may have never thought to travel there before. ▼ Okinawa's tropical climate and white-sand beaches now look even more enticing. In order to take advantage of the offer, travellers must book their international flight to Japan with JAL and make the booking for the free domestic leg with the same reservation. The deal is currently available to visitors from the U.S., Canada, Mexico, Thailand, Singapore, Australia, New Zealand, Vietnam, Indonesia, India, China, Taiwan, and the Philippines. Travellers are encouraged to head straight from the international airport to the domestic one, with a stopover fee of US$100 for arrivals from the U.S., Canada, and Mexico, and a fee of CNY 300 for China arrivals, if their stay in the initial arrival city exceeds 24 hours. Other countries get an even better deal as they are exempt from this fee so they can head to their domestic destination whenever they like during their stay, free of charge. The complementary flight covers one segment of the domestic journey, which means you can arrive in Tokyo, hop on a plane to Osaka and then leisurely explore the area and surrounding sites like Kyoto by train before travelling back to Tokyo by Shinkansen for your flight home. This would ultimately save you around 13,870 yen (US$94.62), which is the approximate cost of travelling one-way from Tokyo to Osaka by Shinkansen. More intrepid explorers might want to follow the same mode of travel, only to more off-the-beaten path destinations like Kagoshima, where you can visit a convenience store at an active volcano. ▼ The beauty of Kagoshima awaits. If the free trip has you preferring to fly back to Tokyo domestically, you can do that at a special discount by taking advantage of these little-known special offers from JAL and ANA, which are also exclusively available to overseas residents. These offers open up a whole new way of travelling for visitors who previously only thought to solely use the train after arriving in Japan. With the Japan Rail Pass not as good a deal as it was before the massive price hike, travelling by plane is now an option that's definitely worth considering, and with no end-date announced for the free flight offer, there's never been a better time to start dreaming of those unexplored rural places you've always had on your bucket list and start making them a reality. Source: Japan Airlines Top image: Pakutaso Insert images ©SoraNews24 ● Want to hear about SoraNews24's latest articles as soon as they're published? Follow us on Facebook and Twitter!
