China’s smartphone sales fell 13% year-on-year in 2022, the largest plunge for the sector in a decade as consumers spent cautiously, market research firm IDC said on Sunday.
The total number of devices shipped was 286 million, down from 329 million in 2022.
That meant total 2022 sales volume was the lowest since 2013 and the first time since then that annual sales have dropped below 300 million, IDC said in a report

China's 2022 smartphone shipments the lowest in 10 years - research firm

A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap.
The S&amp;P 500 energy sector  (.SPNY)  is up 4.2% year-to-date, slightly lagging the rise for the broader index  (.SPX) . The sector logged a 59% jump in 2022, an otherwise brutal year for stocks that saw the S&amp;P 500 drop 19.4%

Wall St Week Ahead-Recession fears pose challenge to energy shares after stellar year

Tesla has a number of challengers in China, including a slew of start-ups such as Nio, Xpeng and Li Auto. Tesla's biggest rival in China right now is BYD.

Elon Musk says a Chinese automaker will likely be second to Tesla: 'They work the smartest'

Detroit? Nope. Germany? Nein. Elon Musk sees the toughest competition for Tesla in China, home of the company he expects “most likely to be second” in electric vehicles.
China is Tesla Inc’s  (TSLA.O)  second-largest market - accounted for about two-thirds of all electric vehicles sales globally in 2022 - and the home of Tesla’s biggest plant.
It’s also a market that has embraced EVs and is replete with rivals competing on style and price, including Xpeng  (9868

Musk says China rivals 'work hardest, smartest'

押注 AI 再放大招，微软要把 ChatGPT 嵌入旗下全家桶。

微软下个十年的想象力，藏在 ChatGPT 里

Today, we are honored to announce the release of "The Secret Masterplan Chapter 3". This chapter aims to provide a viable solution for achieving a globally sustainable energy economy through terminal electrification, sustainable power generation, and energy storage. This article outlines the assumptions, data sources, and calculation process behind this plan. We welcome input and suggestions from all sectors.

The Secret Masterplan of Tesla: Chapter Three

Step 1: Create a car model with a very small production volume, which will definitely have a high price;
Step 2: Use the money earned to develop a car model with a moderate production volume and a relatively lower price;
Step 3: Use the money earned again to create a mass-produced car model with an affordable price;
And...
Step 4: Provide solar power. No kidding, this plan has been appearing on our website for the past 10 years.

The Second Chapter of Tesla's Grand Plan

So, in short, our overall plan is:
1. Produce sports cars.
2. Use the money earned to produce affordable cars.
3. Use the money earned to produce even more affordable cars.
4. While accomplishing the above, also provide zero-emission power generation options.

The Secret Masterplan of Tesla (You Know, I Know)

Jack Ma, the cofounder of Chinese e-commerce giant Alibaba, is said be in Hong Kong to meet friends and finance executives, the Hong Kong Economic Times (HKET) reported on Friday, citing anonymous sources.

Billionaire Jack Ma Reportedly Visits Hong Kong As Regulatory Pressure Eases In Mainland China

Apple Inc  (AAPL.O)  has postponed the launch of its lightweight augmented-reality glasses indefinitely due to technical challenges, but is still planning to unveil its first mixed-reality headset this year, Bloomberg News reported on Tuesday.
The iPhone maker’s mixed-reality headset - which combines both augmented and virtual reality - is set to launch in this year’s spring event, Bloomberg said, adding that the device will cost around $3,000

Apple indefinitely postpones launch of AR glasses - Bloomberg News

A top Macau gambling boss has been sentenced by a local court to 18 years in jail after he was found guilty of charges including enabling illegal gaming, Hong Kong broadcaster TVB reported on Wednesday.
Alvin Chau was chairman of Macau’s Suncity junket - which brokered the gambling activity of Chinese high rollers - until December 2021, a month after his arrest.
Chau had pleaded not guilty to the charges.

Macau court sentences junket mogul to 18 years in jail - TVB

Tesla’s  (TSLA.O)  retail sales surged in China in January after it slashed prices for its top-selling models earlier in the month, data compiled by China Merchants Bank International (CMBI) showed.
Average daily sales for Tesla in China during the Jan. 9 to Jan. 15 period jumped 76% from the same period in 2022 to 12,654 vehicles, CMBI’s data showed.
That compared to a 14

Tesla's retail sales in China surged after price cut -brokerage data

* EVERGRANDE IS SAID TO PROPOSE TWO OFFSHORE RESTRUCTURING OPTIONS- BLOOMBERG NEWS

Evergrande Is Said To Propose Two Offshore Restructuring Options- Bloomberg News

China’s population fell last year for the first time since 1961, a historic turn that is expected to mark the start of a long period of population decline.
The country had 1.41175 billion people at at the end of 2022, compared with 1.41260 billion a year earlier, China’s National Bureau of Statistics said.

China’s population shrinks for the first time since 1961

Activist investor Ryan Cohen has built a stake in China’s Alibaba Group Holding Ltd  (9988.HK)  worth hundreds of millions of dollars, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Cohen is privately pushing the Chinese e-commerce giant to accelerate and further boost its share repurchase program, the newspaper reported.

Activist investor Ryan Cohen builds stake in Alibaba -WSJ

Tesla is sabotaging its competitive advantage as rivals gain market share. Buy stock in the faster-growing rivals.

How Elon Musk Is Trimming Tesla Margins And Ceding Market Share To Ford

Chinese electric vehicle (EV) maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, three people with knowledge of the plan told Reuters.

Chinese EV maker BYD to build Vietnam component plant

(Recasts with Spotify back up, adds status tweet)
Jan 13 (Reuters) - Audio streaming platform Spotify (SPOT.N)  suffered a brief outage on Friday, leaving tens of thousands of users unable to access the platform before services appeared to come back online.
“Everything’s looking much better now!” Spotify Status, an account that provides updates about the audio platform’s status, said on Twitter

Spotify back up after brief outage -Downdetector

Electric carmaker Tesla Inc (TSLA.O) has delayed plans to expand its Shanghai factory, Bloomberg News reported on Thursday, citing people familiar with the matter. Tesla China did not immediately respond to a Reuters request for comment.

Tesla delays plans to expand Shanghai factory -Bloomberg News

Subway has retained advisers to explore a sale that can value the sandwich chain at more than $10 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The process, which is in an early stage, is expected to attract potential corporate buyers and private-equity firms, the report said, adding though it is possible there won’t be a sale or other deal

Subway explores sale that could value it at over $10 bln - WSJ

* SUBWAY EXPLORES SALE THAT COULD VALUE SANDWICH CHAIN AT MORE THAN $10 BILLION- WSJ Source text [https://bit.ly/3QFGYhl]
((Reuters.Briefs@thomsonreuters.com;))

Subway Explores Sale That Could Value Sandwich Chain At More Than $10 Billion- WSJ

Qualtrics International Inc  (XM.O) :

QUALTRICS INTERNATIONAL INC - COMMITTED TO A PLAN TO ELIMINATE APPROXIMATELY 270 ROLES ACROSS COMPANY GLOBALLY
QUALTRICS INTERNATIONAL INC - ESTIMATES THAT IT WILL INCUR NON-RECURRING CHARGES OF APPROXIMATELY $5

Qualtrics International Inc To Eliminate About 270 Roles

Dow Jones, a division of News Corp that includes the financial news outlets the Wall Street Journal, Barron’s and MarketWatch, plans to lay off a number of employees today, according to IAPE, the union representing unionized Dow Jones employees.
A spokesperson for Dow Jones did not immediately respond to questions about the layoff plans

Dow Jones news to lay off employees today –union

Expected delivery dates for both versions of the Model 3 are unchanged, remaining at 1-4 weeks. The post Tesla Model Y wait time in China extends from 1-4 weeks to 2-5 weeks appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla Model Y wait time in China extends from 1-4 weeks to 2-5 weeks

A Tesla executive says the price cut is due to the company's good cost control and a government call, but apparently, the more important reason is weak demand. The post Tesla's cost-based pricing is reason behind price cut in China, exec says appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla's cost-based pricing is reason behind price cut in China, exec says

December shipments from Foxconn’s  (2317.TW)  Zhengzhou iPhone plant in China were 90% of the firm’s initial plans, a source with direct knowledge of the matter said, as the facility strives to recover from its COVID-induced woes.
Foxconn declined to comment.
The world’s largest iPhone manufacturing facility was hit late last year by a COVID-19 outbreak that prompted worker departures and unrest as well as production disruptions.

Foxconn Zhengzhou plant's Dec shipments hit 90% of original target - source

Tesla's Model S and Model X are both expected to be priced at more than RMB 1 million in China and are expected to make a limited contribution to deliveries. The post Tesla to reveal Model S and X prices in China on Jan 6, deliveries to begin in H1 2023 appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla to reveal Model S and X prices in China on Jan 6, deliveries to begin in H1 2023

(marketscreener.com) TESLA TO REDUCE OUTPUT FOR JANUARY AT SHANGHAI PLANT - PLANNING DOCUMENT https://www.marketscreener.com/quote/stock/TESLA-INC-6344549/news/TESLA-TO-REDUCE-OUTPUT-FOR-JANUARY-AT-SHANGHAI-PLANT-PLANNING-8230-42621335/?

TESLA TO REDUCE OUTPUT FOR JANUARY AT SHANGHAI PLANT - PLANNING…

NIO now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter, down 4,500-8,500 units from its previously issued guidance of 43,000-48,000 vehicles. The post NIO lowers guidance for Q4 deliveries, citing challenges from Covid outbreak appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO lowers guidance for Q4 deliveries, citing challenges from Covid outbreak

Dec 21 (Reuters) - Elon Musk projected that Twitter Inc will reach cash flow break even in 2023, a Bloomberg reporter tweeted on Wednesday. Musk, in a Twitter Spaces session, attributed that to cost cutting measures he has undertaken at the social media platform recently.

Elon Musk says Twitter will reach cash flow break even in 2023 - Bloomberg reporter tweet

Dec 18 (Reuters) - Elon Musk launched a poll on Sunday asking: “Should I step down as head of Twitter? He added, “I will abide by the results of this poll.”

Musk launches poll asking if he should step down from Twitter

Wall St Week Ahead-U.S. bank stocks falter as recession worries take hold

Dec 16 (Reuters) - WuXi Biologics (Cayman) Inc:
* UNIT WUXI BIOLOGICS (SHANGHAI) HAS BEEN REMOVED FROM UNVERIFIED LIST BY U.S. COMMERCE DEPARTMENT Further company coverage:((Reuters.Briefs@thomsonreuters.com;))

Wuxi Biologics Says Unit Has Been Removed From Unverified List By U.S. Commerce Department

As of November 30, NIO's cumulative deliveries reached 273,741 units. The post NIO sees 300,000th production vehicle roll off line appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO sees 300,000th production vehicle roll off line

品玩 12 月 10 日讯，分析师郭明錤称，据最新的调查显示，在埃隆・马斯克收购 Twitter 后，Twitter 砍了服务器订单约 80%。郭明錤称，Twitter 服务器几乎都采用 Intel 的处理器，故此砍单不利于 Intel 2023 年的营收与利润。因服务器处理器是 Intel 关键利润驱动，故 Intel 为此砍单的主要输家。Twitter 是纬颖前三大服务器客户，故 Twitter 砍单不利于纬颖 2023 年服务器出货动能。服务器市场最坏仍未到来，2023 年服务器市场出货可能衰退 (低于市场预期)，关键零组件 (如 BMC) 出货量仍有潜在砍单风险。另外，郭明錤调查显示，信骅已下修 2023 年 BMC (基板管理控制器) 出货量。因信骅是 BMC 领导厂商，此砍单意味着服务器在 2023 年出货动能可能低于市场预期。因 1H23 服务器库存持续调整与近期客户 2023 年需求放缓，信骅在 2023 年的 BMC 出货预估，可能已调降至没有成长至衰退 5% YoY (vs. 市场共识的成长 15% YoY)。

郭明錤：Twitter 已砍掉约 80% 的服务器订单

Dec 8 (Reuters) -

* TESLA TO SHORTEN SHANGHAI FACTORY SHIFTS, DELAY NEW HIRES - BLOOMBERG NEWS Source text: https://bloom.bg/3FCjB4c Further company coverage:((Reuters.Briefs@thomsonreuters.com;))

Tesla To Shorten Shanghai Factory Shifts, Delay New Hires - Bloomberg News

Dec 7 (Reuters) - Twitter plans to change the pricing of its Twitter Blue subscription product to $7 if users pay for it through the website, and $11 if they do so through its app for iPhones, the Information reported on Wednesday citing a person briefed on the plans.

Twitter to change Blue pricing after Apple spat- The Information

TSMC sees $10 bln in annual revenue from Arizona chip plants

SHANGHAI, Dec 5 (Reuters) - Teslahas cut December output of the Model Y at its Shanghai plant by more than 20% compared to November in its latest production plan, said two people with knowledge of the matter.
Reuters was not able to immediately ascertain the reason for the December output reduction.
Tesla did not immediately respond to a request for comment.

Tesla cuts Dec Model Y output at Shanghai plant by over 20% versus Nov- sources

New Zealand plans law to require Facebook, Google to pay for news

FOREX-Dollar steadies near 16-week low, yuan set for biggest weekly gain since 2005

"We think a large part of the rally was caused by a short squeeze as investors were caught being too negative on the group given Covid and competition concerns," said Deutsche Bank analyst Edison Yu's team. The post NIO, XPeng, Li Auto see epic rally in US, what happened? appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO, XPeng, Li Auto see epic rally in US, what happened?

China's BYD to sell EVs in Mexico next year, aims up to 30,000 sales in 2024

BENGALURU, Nov 29 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltdplans to sell a stake of about 3% in Indian food delivery firm Zomato LtdS) worth $200 million through a block deal, CNBC Awaaz reported on Tuesday, citing sources. )

Alibaba to sell Zomato shares worth $200 mln via block deal - report

China's Fosun seeks to sell stake in Alibaba's logistics arm Cainiao- sources

With the imminent expiration of China's purchase subsidies for NEVs and rising raw material prices, BYD will begin raising prices next year. The post BYD to raise vehicle prices from Jan 1 appeared first on CnEVPost. For more articles, please visit CnEVPost.

BYD to raise vehicle prices from Jan 1

'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend

Nov 21 (Reuters) - Walt Disney Co:
* MOODY'S SAYS DISNEY'S LEADERSHIP SHUFFLE DOES NOT IMPACT RATINGS

Moody's Says Disney's Leadership Shuffle Does Not Impact Ratings

Edison Yu's team predicts NIO will deliver 13,500 units in November and 19,500 units in December. The post NIO operational issues hinder sales, but the worse may finally be over, says Deutsche Bank appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO operational issues hinder sales, but the worse may finally be over, says Deutsche Bank

Nov 17 (Reuters) - Roku Incsaid on Thursday it would cut 200 jobs in the United States, becoming the latest tech company to lay off workers amid an economic slowdown and decades-high inflation.