Rachel Yeo
Breaking News Reporter at Bloomberg News
Breaking News for @business / @TheTerminal in Hong Kong. Previously @SCMPnews and @WSJ. Views are my own.
Articles
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1 week ago |
bloomberg.com | Rachel Yeo
Li Auto L6 at the Beijing Auto Show Photographer: Greg Baker/AFP/Getty Images(Bloomberg) -- Li Auto Inc. forecast second-quarter revenue that missed estimates, as the Chinese electric vehicle maker struggles amid intensifying competition in the world’s biggest automobile market. Li Auto now sees revenue for the period to be between 32.5 billion yuan and 33.8 billion yuan ($4.5 billion to $4.7 billion), according to an earnings statement Thursday, missing the 34.6 billion yuan analyst consensus.
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1 week ago |
bloomberg.com | Rachel Yeo
(Bloomberg) -- Chinese social platform Kuaishou Technology expects to spend more on artificial intelligence development as it tries to dispel concerns about lackluster monetization of its latest AI tool. Overall losses for Kling AI will continue to narrow as revenue grows, while fixed costs like training and labor will be more spread out, according to Chief Financial Officer Jin Bing.
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1 week ago |
flipboard.com | Rachel Yeo
11 hours agoChina: Grey crane looking for fish in tiger enclosure ends up being eaten insteadShandong, China - May 24, 2025 This is the moment a crane tries to fend off seven tigers after accidentally flying into their enclosure looking for fish to eat but ends up being eaten instead. The incident occurred at the Europa Park Animal Kingdom in Dezhou, a city in Shandong province, China, on May 24.
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2 weeks ago |
bloomberg.com | Rachel Yeo |Reina Sasaki |Justina Lee |Harshita Swaminathan
(Bloomberg) -- Meituan and Xiaomi Corp.’s long-term ambitions and investment plans will dominate this week’s earnings releases, continuing to shape sentiment for China’s tech sector. Expectations for Xiaomi are high as it aims to invest at least 50 billion yuan ($7 billion) in developing its own mobile processor to increase its semiconductor clout over the next decade.
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2 weeks ago |
flipboard.com | Rachel Yeo |Reina Sasaki |Justina Lee |Harshita Swaminathan
NowMeituan launches AI coding tool for non-codersChinese tech company Meituan launches NoCode, an AI-driven coding tool aimed at non-technical users, in a public beta.
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A huge relief for Singapore’s ruling party this election https://t.co/0705yLvNEx via @bpolitics
Dr Chee appears despondent the moment Sembawang-West SMC results were finalized.. #GE2025 https://t.co/rgq270IQFx
“It’s been a very disappointing set of results across the board,” Dr Chee said. “As far as SDP is concerned, my jaw just dropped when I saw Bukit Panjang’s results, as well as Sembawang and Marsiling Yew-Tee.” #GE2025 https://t.co/k4uW2DyBFc
