Rivals
BYD’s dominance is taking a toll on smaller Chinese EV rivals
CHINESE electric car maker BYD’s relentless growth is squeezing out smaller rivals, with Li Auto joining fellow upstart Xpeng in releasing disappointing earnings.In a stark highlight of their contrasting...
Lululemon’s US$98 yoga pants face baggier fashions, more rivals
LULULEMON Athletica lowered its sales and profit outlook for the year as increased competition and relentless inflation curb demand for its pricey yoga pants.The company now sees sales of...
Tencent’s buyback plan in focus as Chinese tech rivals catch up
INVESTORS will scrutinise any comments from Tencent Holdings about its buyback plans during on Wednesday’s (Aug 14) quarterly results announcement as its competitors catch up with its spending levels.Tencent...
Barclays joins rivals in scrapping cap on top banker bonuses
BARCLAYS is removing an EU-era limit on some of its top bankers’ and traders’ bonuses, joining rivals Goldman Sachs Group and JPMorgan Chase in ditching the cap.
The change will...
ByteDance joins OpenAI’s Sora rivals with AI video app launch
BYTEDANCE has expanded its offering of a software that can generate videos based on text prompts, joining a growing number of Chinese tech firms entering an emerging market also...
US streaming rivals team up to catch Netflix
US VIDEO streaming companies are joining forces to attract new viewers, boost ad sales, and finally turn a profit – something only Netflix has managed to accomplish so far.Be...
HSBC will reshape investment banking to look more like rivals
HSBC Holdings is revamping parts of its investment bank in a move that will make it look more like rivals such as Citigroup.Executives in HSBC’s global banking business are...
Citi boosts US parental leave to compete with Wall Street rivals
CITIGROUP is increasing the time-off allowance for new parents in the US and introducing leave for staff to care for ailing family members, bringing it more in line with...
