price competition

New Business

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD Holdings shares plunged by more than 10 per cent in pre-market trading, despite a 44 per cent rise in…

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New Business

Chinese EV maker Hozon launches latest model to boost sales ahead of Hong Kong IPO

“We feel it safe to say that the new model is worth owning because it will offer customers the best…

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Tech

Chinese EV makers’ losses mount as rising sales fail to offset steep discounts

“Time is against many companies since they need to survive a cutthroat price war,” said David Zhang, general secretary of…

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