Sales
BYD chalks up new record as it narrows EV sales gap with Tesla
CHINA’S BYD enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, narrowing its gap with Tesla as the two vie for the crown...
Car sales to grow modestly in 2025 as global output falters
Auto sales around the world are expected to grow marginally next year on increased supplies of vehicles, but production levels are likely to fall as carmakers seek to rein...
US: Wall Street opens lower after retail sales data; Fed awaited
WALL Street’s main indexes opened lower on Tuesday (Dec 17), as investors grew cautious ahead of the Federal Reserve’s interest rate decision later this week following strong retail sales...
China’s Instagram-like Xiaohongshu making inroads with e-commerce sales
SINCE Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese social media eight years ago, she has built up a...
Broadcom valuation soars past US$1 trillion on AI sales boom
BROADCOM, a chip supplier for Apple and other big tech companies, surged to a US$1 trillion market valuation for the first time after predicting a boom in demand for...
Broadcom earnings top estimates after AI fuels sales growth
BROADCOM, a chip supplier for Apple and other big tech companies, posted better-than-expected profit in the fourth quarter after artificial intelligence demand helped bolster growth. Profit was US$1.42 a share...
Zara owner Inditex’s sales growth slows as holiday shopping begins
INDITEX, the owner of Zara, reported slower sales growth at the outset of the crucial holiday shopping season.
The Arteixo, Spain-based retailer said revenue, excluding currency swings, grew 9 per...
BYD on track to top 2024 sales goal and outsell Ford, Honda
CHINA’S top electric vehicle maker BYD gained market share as the world’s largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual...
