net loss

New Business

Chinese EV maker Nio says fourth-quarter loss widens, revenue guidance underwhelms

Nio, a Chinese electric vehicle (EV) company, said its fourth-quarter loss widened from a year earlier amid escalating competition in…

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New Business

Wingtech sells 4.6 bln yuan of assembly assets to Luxshare after losses from US sanctions

Wingtech Technology, a Chinese supplier to Apple and other electronics makers, has agreed to spin off a major piece of…

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New Business

New World Development reports losses as debt ratio worsens amid property slump

New World Development (NWD), controlled by Hong Kong’s third-richest family, reported weaker interim results in its underlying property business, suggesting…

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New Business

China Vanke’s management reshuffle signals bailout for troubled developer, analysts say

The Shenzhen government is likely to bail out China Vanke, allowing the troubled mainland Chinese developer to overcome its liquidity…

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Tech

EV maker Zeekr posts record revenue, boosts output to take on Tesla, domestic rivals

Revenue jumped 36 per cent to 20 billion yuan (US$2.8 billion) in the April to June quarter, compared with the…

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New Business

Chinese EV maker Xpeng expects minimum 35% jump in sales, citing tech investments

Chinese electric vehicle (EV) maker Xpeng expects its deliveries to jump in the third quarter, as its CEO said past…

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