High-rise residential and commercial buildings are being constructed near Dongyu Road, Qiantan, in the Pudong New Area of Shanghai, China, on March 15, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s economic data for the first two months of the year beat analysts’ expectations on Monday. Retail sales rose 5.5%, better than the … Read more
Amazon CEO Andy Jassy speaks with CNBC’s Jon Fortt. CNBC Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average, according to a Tuesday announcement from S&P Dow Jones Indices, which manages the price-weighted measurement of 30 stocks. Amazon shares moved up 1% in extended trading, and Walgreens stock moved 3% lower. The … Read more
View of Shanghai skyline from a container station. Yaorusheng | Moment | Getty Images China posted its biggest industrial output expansion since February 2022 in November, though retail sales growth underwhelmed expectations, pointing to a patchy recovery in the world’s second-largest economy. China’s industrial output grew 6.6% in November from a year earlier, according to … Read more
In 2014, investor and entrepreneur Peter Thiel infamously posed the distinction between companies that deal in “atoms” versus those that deal in “bits.” In its crudest terms, the former category includes businesses focused on things like hardware and manufacturing; the latter, software and financial services. Just shy of 10 years on, the distinction now strikes … Read more
CHONGQING, CHINA – NOVEMBER 5, 2023 – High-rise buildings are seen in downtown Chongqing, China, November 5, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. Retail sales grew by 7.6% … Read more
China’s huge actual property market has struggled after a long time of debt-fueled, fast development. Bloomberg | Bloomberg | Getty Pictures BEIJING — China reported July information that broadly missed expectations. The Nationwide Bureau of Statistics report additionally didn’t embrace the unemployment determine for younger folks, which has soared to report highs in current months. … Read more
Infinite Uptime, an Indian industrial IoT startup that gives predictive upkeep options for equipment, has secured a further $18.85 million as a part of an ongoing funding spherical led by Tiger International at a valuation of $60 million post-money. The Sequence B3 spherical additionally noticed participation from different current traders together with Mayfield, GSR Ventures, … Read more