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TOKYO — A 10-year-old student at a Japanese school in China died Thursday after being stabbed on the way to school the day before, Japanese officials said, as they demanded that Beijing do more to protect Japanese nationals in the country. Lin said the boy was a Japanese national whose parents are Japanese and Chinese citizens. “Effective measures will continue to be taken to ensure the safety of foreigners in China, including people from Japan,” he said. According to the Chinese Foreign Ministry, the student was stabbed on Wednesday about 220 yards away from the Shenzhen Japanese School in the southern Chinese city of Shenzhen. Flags at Japanese diplomatic missions in mainland China and Hong Kong were lowered on Thursday.

Persons: Fumio Kishida, Kishida, ”, “, Philip Fong, Lin Jian, Lin, Yoko Kamikawa, Kamikawa, ” Arata Yamamoto, Rae Wang Organizations: Washington, Foreign Ministry, Chinese Foreign Ministry, Shenzhen Japanese School, Foreign Affairs, Embassy, Weibo Locations: TOKYO, China, Beijing, Japan, U.S, Japanese, Shenzhen, Mukden, Shenyang, Manchuria, Suzhou, Tokyo, Guangzhou, Hong Kong, Asia, Pacific, Chinese, Jilin

☆ Shenzhen, China: Schoolboy, 10, killed in new China stabbing attack near Japanese school
▼ + stars: | 2024-09-19 | by ( Nectar Gan | Junko Ogura | ) edition.cnn.com time to read: +3 min

The boy was attacked by a man about 200 meters (650 feet) from the gates of the Japanese school in Shenzhen, a tech-hub metropolis home to many Japanese businesses, according to China’s foreign ministry. But Japanese nationality is required for enrollment at the Shenzhen Japanese School, according to its website. Following that attack, Japan’s foreign ministry told Japanese schools to review their safety measures, Kamikawa said. At a regular news conference Wednesday, Chinese foreign ministry spokesperson Lin Jian said the case was being investigated. China’s foreign ministry has described both attacks as isolated incidents and did not release further information on the motives.

Persons: Yoko Kamikawa, “, Kamikawa, Lin Jian Organizations: Tokyo CNN, Shenzhen Japanese School Locations: Hong Kong, Tokyo, China, Shenzhen, Suzhou, Jilin

☆ China seeks a homegrown alternative to Nvidia — these are some of the companies to watch
▼ + stars: | 2024-09-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

This has renewed focus on China's homegrown efforts to rival Nvidia and create semiconductors that can underpin the world's second-largest economy's own AI industry. Huawei then sells these chips as a part of servers that go into data centers to train AI models. Alibaba and BaiduAlibaba and Baidu both buy Nvidia chips but they are also designing their own semiconductors for AI processes. Inference is the process that follows the training of AI models, as it refers to the actual application of AI in the real world, such as a chatbot responding to user queries. Moore ThreadsMoore Threads, founded in 2020, is developing GPUs designed to train large AI models.

Persons: Paul Triolo, Albright Stonebridge, Baidu Alibaba, Wei Sun, Moore, KUAE, ByteDance Organizations: Istock, Getty, Nvidia, CNBC, Huawei Huawei, Huawei, Wall, Alibaba, Baidu, Counterpoint Research, Biren, Technologies, China Morning, Cambricon Technologies, U.S, Sequoia, GGV Locations: China, U.S, Beijing, Washington, Shenzhen, Biren's

☆ Mate XT: China’s Huawei set to launch new tri-fold smartphone, its answer to Apple’s iPhone 16
▼ + stars: | 2024-09-09 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

Successful sales of the Mate XT tri-fold smartphone, which began pre-orders on Saturday, would be another indication of the company’s sustained resurgence. It also comes after Chinese smartphone makers dominated the top five spots domestically on a quarterly basis for the first time ever, she said, pushing Apple to sixth place. “The close timing of Huawei and Apple’s product launches signals the start of a new competitive wave in the Chinese premium market,” Liu told CNN. Apple said that generative AI, like ChatGPT, on its iPhone 16 would allow users to create text and images with natural-language prompts. Last year, it launched an electric sedan to take on Tesla’s Model S. And it has big ambitions in AI.

Persons: Hong Kong CNN —, Richard Yu, ”, Amber Liu, ” Liu, Apple, Liu, Yu, It’s Organizations: Hong Kong CNN, Huawei, Apple, CNN, Counterpoint Research, Google, Nvidia Locations: China, Hong Kong, Shenzhen, Washington, Beijing, Weibo

☆ Huawei's new trifold phone got more than 2 million preorders in a few hours, just before Apple is set to announce new iPhones
▼ + stars: | 2024-09-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOne of China's top smartphone makers raked in 2.8 million preorders for its latest phone just one day after reservations began — even before people learned its price. Huawei's Mate XT, a trifold smartphone, is set to be unveiled during an event on Tuesday in China. On Huawei's online sales platform, which is selling the device in two colors, nearly 3 million people had registered interest at publication time. While pricing for the latest phone, which folds twice, is not known, Huawei has recently been competing with Apple in the same price territory. According to data compiled by third parties, Apple has recently fallen off the list of the top five best-selling smartphone makers in China.

Persons: —, Xiaomi Organizations: Service, Business, Apple, Huawei, IDC Locations: China, Shenzhen

☆ What's stalling China's stock market recovery, according to KraneShares' CIO
▼ + stars: | 2024-08-31 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

China's slow post-Covid recovery could be a lasting headwind for its stock market. With the mainland's two largest indexes — the Shanghai Composite and the Shenzhen Composite — each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country's stock market performance. Ahern, whose firm runs the KraneShares CSI China Internet ETF (KWEB) , added that Chinese households are still reluctant to spend at pre-pandemic levels. This week's post-earnings plunge in PDD Holdings is emblematic of China's consumer pullback, according to Ahern. Ahern returned to the idea that a top-down economic recovery might be necessary to stimulate China's tech sector in particular.

Persons: China's, Brendan Ahern, CNBC's, we've, Ahern Organizations: Shenzhen, CSI China Internet, country's National Bureau, Statistics, Holdings Locations: Shanghai, China, country's

☆ China securities official expected to lead Shenzhen stock exchange, Reuters reports
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +2 min

A woman walks by the gate of the Shenzhen Stock Exchange on Aug. 20, 2020 in Shenzhen, Guangdong Province of China. VCG | Visual China Group | Getty ImagesChina is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven months as the securities regulator reshuffled its leadership. Li Jizun, a civil servant who is now director of the general office at the China Securities Regulatory Commission (CSRC), is set to become general manager of the 27-trillion-yuan ($3.73-trillion) Shenzhen Stock Exchange, the sources said. The CSRC and the Shenzhen exchange did not immediately respond to a faxed request for comment. Sha had worked at the securities regulator for more than two decades before taking over at the Shenzhen exchange in mid-2020, after her predecessor Wang Jianjun was promoted to the party chief role before returning to the regulator as a vice chairman.

Persons: Li Jizun, Li, Sha Yan, Sha, Wang Jianjun Organizations: Shenzhen Stock Exchange, Visual China, Getty, bourse, China Securities Regulatory Commission, State Council, Shanghai's Nasdaq, Communist Party Locations: Shenzhen, Guangdong Province of China, China, Beijing, U.S

☆ Could a dumb phone that's also a vape help break my iPhone addiction? I tried the Swype vape phone that's going viral.
▼ + stars: | 2024-07-20 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +8 min

I first learned of the Swype vape on social media, where a few doctored images of its screen had gone viral. AdvertisementNow, an obvious disclaimer: Business Insider does not endorse vaping or starting to vape simply because it seems like it would be funny to have a vape phone. (Samatha Cole of 404 Media also tried out the Swype vape; we didn't plan this. The touchscreen does display notifications when you swipe up — I could see messages from Signal, news push alerts, X notifications, and texts. This app seems designed not for the Swype vape but for some sort of wearable fitness tracker.

Persons: I'm, Vape, vaping, Pina Colada, Samatha Cole, Katie Notopoulos, it's, Samantha Cole, I've, Insider's Jordan Hart, Tim Cook Organizations: Service, Business, Media, Bluetooth, Aircraft, Google, Shenzhen Communication Technology, Apple Watch Locations: Shenzhen, China

☆ A tech stock with a name sounding like 'Trump's Big Win' surged by the maximum in China after the Pennsylvania assassination attempt
▼ + stars: | 2024-07-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Wisesoft stock surged 10% after former President Trump survived an assassination attempt. Wisesoft, known as a meme stock in China, often sees price jumps linked to Trump events. Chinese retail investors trade Wisesoft shares as a joke, leveraging its Trump-related name. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA Chinese tech firm with a name that sounds like "Trump's Big Win" enjoyed a surge in its stock price on Monday after former President Donald Trump survived an assassination attempt in Pennsylvania.

Persons: Trump, —, Donald Trump, Chuanda Zhisheng Organizations: Trump, Service, Shenzhen Stock Exchange, Business Locations: China, Pennsylvania

☆ The 4 Apple suppliers set to pop on iPhone 16 series launch: BofA
▼ + stars: | 2024-07-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

"A solid iPhone replacement cycle and spec upgrade should help HH's better sales/earnings in 2025-26," the investment bank's analysts wrote. The bank expects the China-based design and manufacturing giant to see strong margins as demand for its casings increases in tandem with better iPhone shipment cycles between 2025 and 2026. "We lift Foxconn Industrial Internet (FII)'s 2024-26E earnings by 2-6% on potentially better iPhone casing sales and strong AI server contribution," the analysts wrote. "We expect BYDE's casing profitability to gradually improve on better operation efficiency (higher automation rate, improving yield)," the analysts wrote. They have lifted the company's 2025-2026 earnings expectations by 2% to "reflect potentially better iPhone volume, robust auto expansion as well as rising AI-related contribution (server, robot)."

Persons: Ming, Chi Kuo, Ross Young, Hai, BofA, Foxconn, — CNBC's Michael Bloom Organizations: Tech, Apple, Bank of America, Hai Precision Industry, Taiwan Stock Exchange, American Depository, New, Industrial, Taiwan Stock Exchanges, U.S . Its, Shenzhen Stock Exchange, China 5G, Semiconductor, Hong Kong Exchange, Hong Locations: U.S, New Taiwan, China, Shanghai, Taiwan, U.S . Its Shanghai, Hong Kong

☆ Soaring U.S. stocks make China’s market look worse than it is. Names to watch
▼ + stars: | 2024-07-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. But a look at first-half performance shows that many China stocks still rose by double-digits, including a few artificial intelligence plays. Zhongji Innolight Ranking third in CSI 300 performance in the first half was Zhongji Innolight, which climbed 70%. Nomura rates Zhongji Innolight a buy and its analysts met with the optical communication company in late June. The broad mainland China stock market, measured in Class A shares, has underperformed over the past two years, said Wanda Wang, a research manager at Morningstar.

Persons: BofA, Nomura, Wanda Wang, That's, Invesco's, — CNBC's Michael Bloom Organizations: Nvidia, CSI, Apple, Foxconn, Bank of America Securities, Industrial, FII, Avary Holding, Avary, Chartered Bank, HSBC, JPMorgan, Nomura, Nasdaq, U.S, Morningstar, Capital, Shenzhen Stock Exchange Locations: China, Shanghai, Shenzhen, Avary Holding Shenzhen, Hong Kong

☆ Huawei Harmony OS: Flashpoint in US-China tech rivalry is again a force to reckon with
▼ + stars: | 2024-06-24 | by ( Diksha Madhok | ) edition.cnn.com time to read: +4 min

CNN —Huawei is in the midst of one of the most stunning comebacks in the history of the tech industry. The Chinese giant, which has been a flashpoint in the escalating rivalry between Washington and Beijing, says more than 900 million smartphones now use its in-house operating system Harmony OS. Harmony, which is called “Hongmeng” in Chinese, was first unveiled in 2019, months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software to the Chinese tech company without a license. The US ban prevented companies like Google (GOOGL) from supplying new Huawei devices with its version of Android OS. Sales of the iPhone began bouncing back in May, after the company aggressively cut prices in its largest overseas market.

Persons: ” Richard Yu, It’s, Yu, Huawei’s Organizations: CNN, Huawei, Google, Nvidia, Microsoft, Apple, Research Locations: China, Washington, Beijing, Shenzhen

☆ Chinese cities desperate for cash are chasing companies for taxes — some from the 1990s
▼ + stars: | 2024-06-21 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Last year, the soy milk seller made a net profit of only 209 million yuan ($29 million). And it’s still unsure how much it owes in fines, which could be potentially higher than the actual $11.7 million tax bill. Including fines, the company needed to pay a total amount of 480 million yuan ($66 million). The amounts paid vary from 8 million yuan ($1.1 million) to 310 million yuan ($43 million). It said in January that the Shenzhen government had asked for payment of 19.8 million yuan ($2.7 million) in back taxes for 2017 and 20.2 million yuan ($2.8 million) in fines.

Persons: they’ve, ”, Craig Singleton, Frank Tian Xie, ” Singleton, it’s, ” Bohui, “ Organizations: Hong Kong CNN — Authorities, Food & Beverage, Foundation for Defense of Democracies, Administration of Taxation, “ Police, Taxation, Centers ”, University of South, University of South Carolina Aiken, Ningbo Bohui Chemical Technology, Healthcare, ChinaLin Securities, Yixintang Pharmaceutical Group Locations: China, Hong Kong, Zhijiang, Hubei, Yichun, Jiangxi, University of South Carolina, “, ” Beijing, Ningbo, Qinghai, Golmud, Chongqing, Shanghai, Shenzhen

☆ Hong Kong wants residents to smile more but experts warn prices and competition are bigger issues for tourism
▼ + stars: | 2024-06-14 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Guests posing for a group photo at the "Let's Go the Extra Mile" hospitality campaign launch ceremony at the Central Government Office in Hong Kong on June 3, 2024. In response, the Hong Kong government launched a campaign – titled "Let's Go the Extra Mile" – encouraging frontline staff and members of the public to demonstrate good hospitality and "reinforce Hong Kong's brand as the best tourism destination." Hong Kong's currency is pegged to the U.S. dollar, which has helped the city's status as an international financial center. "Both have become equal problems for Hong Kong," he said. While the city's borders were closed during the pandemic, nearby Shenzhen continued to develop into a top-tier Chinese city, Lee said.

Persons: Long, John Lee, Hong Kongers, Allan Zeman, Lan, Kwai, Zeman, mainlanders, Simon Lee Siu, Lee Organizations: Central Government Office, Nurphoto, Getty, Hong, Lan Kwai Fong Group, U.S ., U.S, Sports, Tourism Bureau, HK, Pacific Institute of Business, Chinese University of Hong, Shenzhen Locations: Hong Kong, Shenzhen, Hong, Japan, Asia, Chinese University of Hong Kong

☆ Indian stocks have worst day in 4 years as Modi’s hopes of a huge majority fade
▼ + stars: | 2024-06-04 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —Indian stocks plunged Tuesday as vote counting in the country’s election suggested Prime Minister Narendra Modi’s dream of a landslide victory is at risk, raising doubts about his ability to push through more aggressive economic reforms. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each closed down by nearly 6%. The worst daily drop for Indian stocks since 2020 came just 24 hours after both indexes hit record highs as weekend exit polls prompted experts to predict a resounding victory for Modi. The 73-year-old ran on his economic record over the past 10 years, a period of robust growth for India. But investors have complained about the high price of Indian stocks and some analysts believe a correction could be healthy for markets.

Persons: Narendra Modi’s, Modi, India’s, ”, Yashovardhan Khemka, Manish Jain Organizations: New, New Delhi CNN, Bharatiya Janata Party, BJP, Research, Analytics, Abans Holdings, National Stock Exchange of India, Shenzhen Stock Exchange, Hong Kong Exchange, bourse, World Federation of Exchanges, Mirae Locations: New Delhi, India, Mumbai, United States, China

☆ Sensex, Nifty 50: Indian stocks hit record highs as markets hope for a big Modi election win
▼ + stars: | 2024-06-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —Indian markets hit record highs on Monday as experts predicted a resounding victory for incumbent Prime Minister Narendra Modi in national elections. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each jumped over 3% in early trade. The 73-year-old ran on his economic record over the past 10 years, a period of robust growth for India. “With the exit polls pointing towards 370 seats mark and ahead of street expectations of 320-350 seats, markets have reacted positively,” said Manish Chowdhury, head of research at brokerage StoxBox. The country’s stock markets have performed well during his tenure.

Persons: Narendra Modi, ” Modi, India’s, ”, Manish Chowdhury, Modi, Adani, Gautam Adani, Mukesh Ambani, Ambani, Hindenburg’s Organizations: New, New Delhi CNN, Adani, Adani Enterprises, Reliance Industries, Bloomberg, Modi, Hindenburg, National Stock Exchange of India, Shenzhen Stock Exchange, Hong Kong Exchange, bourse, World Federation of Exchanges Locations: New Delhi, India, United States, China, American

☆ Cyclone Remal: Over 1 million evacuated as Tropical Cyclone brings heavy rain to Bangladesh and India
▼ + stars: | 2024-05-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

CNN —Tropical Cyclone Remal made landfall in Bangladesh on Sunday, bringing torrential rain and heavy winds as it continues to move inland across eastern India, toppling trees, turning roads into rivers and causing large-scale damage. Cyclone Remal made landfall in Bangladesh on May 26, 2024. Locals stand near the sea as Cyclone Remal made landfall in Bangladesh on May 26, 2024. Tropical Cyclone Remal has been churning across the Bay of Bengal since late last week prompting authorities to prepare ahead of its arrival. People are riding on a scooter as rains hit Kolkata, India ahead of Cyclone Remal's landfall on May 26, 2024.

Persons: Remal, K M Asad, ”, Md Liakath Ali, Ali, Sudipta Das, Narendra Modi, “, ” Modi Organizations: CNN, Indian Meteorological Department, CNN Weather, Bangladesh Meteorological Department, BRAC, Coast Guard, Cyclone, Indian, Sunday, Cyclones, Shenzhen Institute of Meteorological, Chinese University of Hong Locations: Bangladesh, India, West Bengal, Bengal, Mongla, Payra, Myanmar, Cox’s Bazar, Kolkata, West, North America, Chinese University of Hong Kong, Asia, Western, Central India

☆ Are These Drones Too Chinese to Pass U.S. Muster in an Anti-China Moment?
▼ + stars: | 2024-05-24 | by ( Kate Kelly | ) www.nytimes.com time to read: 1 min

A one-man startup believes it has an answer to U.S. government concerns over the Chinese-made drones that dominate commercial sales in the American market. Anzu Robotics’s chief executive and founding partners are all American, and the company’s headquarters is in Texas. The company’s drones, which are expected to be used by law enforcement agencies, utilities, architects and others, are assembled in Malaysia, and they run on servers sitting in Virginia. There’s just one problem: Anzu has multiple close ties to China and to DJI, the Shenzhen-based firm being targeted by legislative and regulatory efforts to curb sales of Chinese drones in the United States. Anzu licensed the design for its drones from DJI, which receives a payment for every drone that Anzu orders from its manufacturer in Malaysia.

Persons: Anzu, There’s Locations: Texas, Malaysia, Virginia, China, DJI, Shenzhen, United States

☆ China's hot EV market is no longer focused solely on lower sticker prices. Which stocks to watch
▼ + stars: | 2024-05-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Winning in China's electric car market is no longer just about having the cheapest price. Despite new U.S. tariffs , the Chinese electric car industry is already moving into a new phase of competition no longer centered on sticker prices alone, many in the industry say. Hong Kong-listed Fuyao, a major supplier of glass for cars, is one of JPMorgan's top picks to take advantage of China's growing electric car market. The Shenzhen-listed Chinese battery giant, Contemporary Amperex Technology , is one of JPMorgan's top Chinese electric car supply chain plays. Last week, Chinese electric car company Nio released a new car in a lower-priced range of just over 200,000 yuan.

Persons: Stephen Dyer, AlixPartners, BYD, Xiaomi, Tesla, Nio, William Li, — CNBC's Michael Bloom Organizations: JPMorgan, Greater, Greater China Business, Amperex, Li Auto, Tesla Locations: Hong Kong, China, Greater China, Asia, Beijing, Shenzhen

☆ Apple iPhone sales drop 19% in China as demand for Huawei smartphones soars, research says
▼ + stars: | 2024-04-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

TOPSHOT - The Apple iPhone 15 series is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)Apple's iPhone sales dropped sharply in China in the first quarter of this year as the company saw strong competition from domestic brand Huawei, according to a new report from market research firm Counterpoint Research. Apple saw sales of its iPhones fall 19.1% in the first three months of the year, Counterpoint's data showed, as Chinese telecommunications and consumer electronics giant Huawei saw a resurgence in its smartphone business. The Shenzhen, China-based firm saw sales of its smartphones surge a whopping 69.7% in the first quarter, Counterpoint said. Starting in 2019, the U.S. slapped sanctions on Huawei in an effort to stop it from accessing such technology, nearly wiping out Huawei's smartphone business.

Persons: Patrick T, Fallon, PATRICK T, FALLON Organizations: Apple, Grove Apple, Getty, Huawei, Research Locations: Los Angeles , California, AFP, China, Shenzhen, U.S

☆ Jim Cramer says Apple stock could go even lower but sees plenty of reasons it shouldn't stay down
▼ + stars: | 2024-04-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Apple stock has had a lackluster 2024 so far — dropping over 13% since the start of the year. AAPL YTD mountain Apple YTD What's next for Apple stock? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Apple, Jim, Jeff Marks, Jim Cramer's, Christian Organizations: Apple, Research, Huawei, China, U.S, Apple's, Conference, CNBC, Getty Locations: China, Shenzhen, India, Hamburg, Germany

☆ Huawei smartphone sales are soaring in China as Apple sinks
▼ + stars: | 2024-04-23 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

New Delhi CNN —Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market. Its market share now stands at 15.7%, while Huawei’s has jumped to 15.5%, from 9.3% last year. Counterpoint’s data comes just days after another market research firm IDC said Apple’s global smartphone sales had tumbled 10% in the first quarter, mainly because of loss of momentum in China. Overall smartphone sales in China grew 1.5% in the first quarter, according to Counterpoint. Local smartphone makers Vivo and Honor were the top two brands by market share.

Persons: ”, Ivan Lam, Huawei’s Organizations: New, New Delhi CNN, Huawei, Apple, Research, IDC Locations: New Delhi, China, Shenzhen, Washington, Beijing, United States, China . China

☆ India’s economy and elections: Is the hype around Narendra Modi’s vision justified?
▼ + stars: | 2024-04-16 | by ( Diksha Madhok | Rachel Wilson | ) edition.cnn.com time to read: +9 min

New Delhi/London CNN —In just a few days, India will commence the world’s largest democratic election. So, is the hype around Modi’s India, which remains a largely impoverished country, justified? The world’s largest biometric database has also helped the government save millions by reducing corruption in welfare initiatives. Domestic investors, both retail and institutional, have been driving India’s stock market to unprecedented peaks. Still, India’s economy, much like its democracy, is far from perfect.

Persons: Narendra Modi, Indranil Mukherjee, Modi, Himanshu Sharma, Guido Cozzi, Arun Sankar, Billionaire Elon Musk Organizations: London CNN —, Getty, CNN, World, University of St, Unified, Bank, ”, National Stock Exchange of India, bourse, Bombay Stock Exchange, NSE, Shenzhen Stock Exchange, Hong Kong Exchange, World Federation of Exchanges, Macquarie Capital, Apple, Foxconn, Billionaire, International Labour Organization Locations: New Delhi, London, India, China, Beijing, Ajmer, Rajasthan, University of St Gallen, Switzerland, Asia’s, Washington, Sriperumbudur, Chennai, Mumbai's Churchgate, AFP

☆ Tesla has a big competitor. And it is China’s BYD
▼ + stars: | 2024-04-03 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +4 min

In 2023, Tesla sold around 230,000 more cars than BYD. That drop was big enough for Tesla, which sold 386,810 BEVs in the same period, to retake its former position despite posting plunging sales. Both Tesla and BYD are expanding beyond their home markets and investing in factories abroad. BYD sold about 3 million electric cars, including hybrids, in 2023 globally. By comparison, Tesla, which does not sell hybrids, delivered a total of 1.8 million vehicles worldwide last year, which was about 19% of the global market for BEVs.

Persons: Hong Kong CNN —, Wang Chuanfu, It’s, Murthy Grandhi, BYD, Tesla Organizations: Hong Kong CNN, Tesla, Toyota, French PSA Group, Fiat Chrysler Automobiles, Chrysler, Maserati, Peugeot, BMW, Ford, Benz, Ferrari, Yuan, Rho, BEVs Locations: China, Hong Kong, Shenzhen, London, United States, American, Shanghai, California, Canada, European

☆ BYD hands back top EV seller title to Tesla after Q1 sales decline
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: +2 min

BYD, China's biggest electric vehicle (EV) maker, reported first quarter 2024 sales fell 43% compared to the fourth quarter of 2023, handing back the title of world's biggest EV seller to Tesla after winning it last year. But, BYD's quarterly drop means Tesla took back the sales title based on first-quarter deliveries for Tesla of 386,810, a decline of 20.2% from the prior quarter and 8.5% from a year ago. Tesla sold 89,064 China-made vehicles in March, up 0.2% from a year earlier, data from the China Passenger Car Association showed on Tuesday. BYD reported an all-time monthly high of 341,043 units in December. Last week, BYD set a 3.6-million-unit sales target for 2024, a 20% increase from its record-breaking sales last year, Reuters reported citing sources.

Persons: Tesla, BYD, BYD's Organizations: Shenzhen Stock Exchange, China Passenger Car Association, Reuters Locations: China

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