Posts by Yurie Miyazawa
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
[SHANGHAI] Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click on product links to shop on Alibaba’s Taobao platform. The move essentially formalises an app-to-app shopping connection between Xiaohongshu – also known as RedNote and often compared with Instagram – and Alibaba’s e-commerce infrastructure. “By…
Read MoreNew Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive. The formation of the entity, called Singapore GasCo, is a “major milestone” in the Republic’s transition towards green energy, the Energy Market Authority (EMA) said on Wednesday…
Read MorePush to allow Norway’s wealth fund to invest in defence companies falters
[OSLO] Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be faltering, according to lawmakers involved in the process. The fund follows ethical rules decided by parliament that prevent it from buying stakes in the likes of Airbus, Boeing, BAE Systems and Lockheed Martin…
Read MoreRivian cuts EV delivery outlook, sees tariff impact
[AUSTIN] Rivian Automotive said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that US President Donald Trump’s trade war will further dampen demand for pricey electric vehicles (EVs). The company now expects to sell 40,000 to 46,000 battery-powered pickups, SUVs and delivery vans this year, it said on…
Read MoreWorld’s trade superhighway feels strain from US-China decoupling
[HONG KONG] Container liners are starting to sever shipping routes that link the US and China across the Pacific, as US President Donald Trump’s trade war upends the industry and forces the two largest economies apart. Among signs of disruption are plunging fees, fewer services, and a pall of uncertainty over what for decades has…
Read MoreNvidia CEO says China AI market is on course to hit US$50 billion
Jensen Huang is lobbying against the tightening of restrictions on his company and peers that limit their access to China, the biggest market for semiconductors Published Wed, May 7, 2025 · 10:27 AM [SAN FRANCISCO] Nvidia chief executive officer Jensen Huang said that the market for artificial intelligence (AI) chips in China could reach US$50…
Read MoreChina ramps up monetary stimulus ahead of US trade meeting
[BEIJING] Chinese authorities on Wednesday announced a raft of stimulus measures, including interest rate cuts and a major liquidity injection, as Beijing steps up efforts to soften the economic damage caused by the trade war with the United States. The announcements come shortly after US and Chinese officials said Treasury Secretary Scott Bessent and chief…
Read MoreFrasers Logistics & Commercial Trust posts 13.8% lower H1 DPU of S$0.03 amid challenges in commercial portfolio
[SINGAPORE] Frasers Logistics and Commercial Trust (FLCT) on Wednesday (May 7) posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended March 31, from S$0.0348 in the corresponding period in the previous year. This decline reflects transitional challenges in the commercial portfolio and foreign exchange volatility in…
Read MoreAcrophyte Hospitality Trust Q1 revenue falls 7.7% to US$33.5 million
[SINGAPORE] Acrophyte Hospitality Trust’s revenue for the first quarter of 2025 fell 7.7 per cent to US$33.5 million, from US$36.2 million in Q1 2024. In a business update on Wednesday (May 7), the managers attributed this to an 8.3 per cent year-on-year reduction in portfolio size. The stapled group now operates 33 hotels in the…
Read MoreStocks to watch: UOB, Sats, FLCT, Aims Apac Reit, Acrophyte Hospitality Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 7). UOB: The bank’s net profit for its first quarter was flat amid broad-based growth, it said on Wednesday. Net profit for the three months ended Mar 31, 2025, stood at S$1.49 billion, unchanged from the year-ago period.…
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