XPeng’s Second-Quarter Revenues Soars 536.7% YOY
XPeng posted another record-breaking quarter with record quarterly revenues expanding 536.7% compared to the last year, according to a report by XPeng on Thursday. The deliveries of vehicles in the...
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Buffett-Backed Fintech Firm Nubank Seeking IPO Valuation of Over $55 Billion
Brazil’s Nubank is seeking a valuation for its planned U.S. preliminary IPO that would push the fintech company's value over $55.4 billion, according to a report by Reuters on Thursday....
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Delays in Covid-19 Vaccinations to Cost the Global Economy $2.3 trillion
Delays in vaccinating the world against the coronavirus will come with a high price tag, according to a report by The Economist on Wednesday. A model developed by The Economist...
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China-U.S. Financial Roundtable Talks Set to Restart in Push for A Consensus
A group of Wall Street analysts and senior Chinese government officials are working to reopen talks, according to a report by Bloomberg on Wednesday. An influential group formed during worsening...
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Best Buy Sales Rose by 20% as the Staffs Fully Embraces Working from Home Habits
Best Buy’s Q2 sales rose nearly 20% as consumers upgraded devices and equipment and fully embraced working from home, according to a press release by Best Buy on Tuesday. The...
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China’s Tech Stocks Strike a Bullish Tone as Tencent Rose 9%, JD.com Rises 15%
Hong Kong-listed Chinese tech stocks rose significantly on Tuesday as investors got more clarity on the regulatory outlook, according to a report by CNBC on Tuesday. A group of positive...
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Pfizer-BioNTech COVID-19 Vaccine Bags FDA’s First Full Regulatory Approval
The COVID-19 vaccine manufactured by Pfizer Inc. and partner BioNTech SE has scored the first full regulatory approval from the US Food and Drug Administration, CNBC reported. Acting FDA Commissioner...
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Ansteel Group to Become Third-Biggest Steel Producer After Benxi Merger
China’s Ansteel Group has acquired a majority stake in Benxi Steel Group Co. to make it the third-biggest producer across the globe, Bloomberg reported. Ansteel Group acquired a 51% stake...
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PayPal Offers Crypto Trading Services in the UK
Global payments firm PayPal Holdings Inc. has rolled out its cryptocurrency trading services in the United Kingdom starting this week, the company announced in a statement. The service allows users...
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Chipotle Testing Plant-Based Chorizo in Denver and Indianapolis
Chipotle Mexican Grill announced on Thursday that the burrito chain is market-testing meat-free chorizo in Indianapolis and Denver, according to a report by CNBC on Friday. The plant-based chorizo would...
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China Passed the Personal Information Protection Law (PIPL) as Tech Crackdown Steps Up
China passed a key data protection law on Friday, setting out stricter rules on how companies gather their users’ information, according to a report by CNBC on Friday. The regulations...
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Alibaba Slips to Record-Low, Other Tech Stocks Follow Amid Proposed Regulations
Chinese tech stocks plunged on Thursday after China revealed plans to impose additional regulations, Bloomberg reported. China said it is looking into more regulatory oversight on online companies and the...
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