asia
Recent proof has come out of Asia’s digital payments domination – in particular India’s – over developed nations traditionally associated with higher financial sophistication. According to Invezz.com, India is the single fastest-growing region for cashless transactions in 2023 and 2024, which cites a raft of recent research on this. Asia the world’s number one On May 10 Statista, citing recent research from the Capgemini Research Institute for Financial Services Analysis, showed how the Asia-Pacific region, led largely by India, will make more digital payments than Europe and North America com...
Invezz
MicroCloud Hologram (NASDAQ: HOLO) stock price has gone parabolic this week, making it one of the most popular assets in Wall Street. It jumped by over 17% on Monday and over 32% in the pre-market session. This surge has pushed its total market cap to over $12 million. Despite the surge, MicroCloud remains sharply below its all-time high. It was trading at $2.65, down from its all-time high of $350, meaning that investors have lost over $1 billion in value in this period. The main reason why HOLO stock is surging is that it is the second most shorted company in Wall Street after SunPower. It h...
Invezz
SoftBank says it has almost entirely pulled out of Alibaba Group Holding Ltd (NYSE: BABA). Shares of the Chinese tech titan are still up some 4.0% on Monday. SoftBank has been investing in Arm insteadAlibaba now accounts for “almost zero” percent of the net asset value at SoftBank – down massively from 48% in 2020. The Japanese conglomerate is now investing more aggressively in artificial intelligence. Arm Holdings PLC (NASDAQ: ARM), for example, makes up 45% of its net asset value at writing. According to Yoshimitsu Goto – the chief financial officer of SoftBank: This shows a shift to an AI-c...
Invezz
Considered by many to be one of the biggest jewels of the Chinese economy, Alibaba Holding Limited (BABA) has been considered ‘China’s Amazon’ and an investors’ darling for years. But the once-mighty online retail giant has seen a gradual slide in its stock price since the heights of its powers during pandemic-era 2020, which saw Alibaba’s stock price regularly top 300 Hong Kong dollars (HKD) as online shopping skyrocketed worldwide. It is now hovering at around HKD 81.50 per share – losing over 70% of its share price (or HKD 232.50) since October 29 2020. Why has Alibaba’s stock price fallen ...
Invezz
Nio Inc (NYSE: NIO) is pushing to the upside in premarket today after William Li – its chief executive was named “EV person of the year”. Why did Nio CEO win the title?Li was crowned at the 2024 TopGear.com Electric Awards on Monday. The news arrives shortly after Nio became the first electric vehicle firm to launch semi solid-state batteries for the mass market. According to Jack Rix – edit-in-chief of BBC Top Gear: Li has been signing deals all over China to use its battery swap tech as a standard on future cars, stamping his mark on EVs. Note that the company based out Shanghai, China is al...
Invezz
This morning, the Taiwan Semiconductor Manufacturing Co. (TSMC) reported its latest monthly revenues figure report, for April 2024. The figures showed that the company brought in NT$236 billion (roughly $7.3 billion in USD) last month. In November 2023, the company reported that sales had risen almost 35% in October 2023 to reach a newly record monthly high of NT$243.20 billion (US$7.517 billion) in consolidated monthly sales. That record now has a close contender. April’s revenue numbers miss TSMC’s November zenith by just $7.18 billion. However, it also represented a near 60% rise in revenue...
Invezz
Shares of Xpeng Inc (NYSE: XPEV) are up 15% on Thursday after the EV maker reported a big increase in deliveries for the month of April. X9 success is helping Xpeng stock in 2024The electric vehicles company delivered a total of 9,393 vehicles last month – up a whopping 33% versus last year. Its monthly deliveries came in up 4.0% sequentially as well. In April, $XPEV delivered 1,959 units of X9 – the ultra smart seven-seater it launched in January. The New York listed firm has now delivered close to 10,000 units of that vehicle to date. X9 is the “top-selling all-electric MPV in China”. The ne...
Invezz
“India is experiencing a significant evolution in its crypto industry”, says Shivam Thakral. He’s the chief executive of BuyUcoin. Thakral expects crypto adoption to accelerate in IndiaThakral is convinced the world’s fifth largest economy is seeing a “shift in mindset” from its typical risk-averse investment approach. And the momentum, he told Invezz in a recent interview, will only accelerate as regulatory clarity continues to improve moving forward. Still, the chief executive agreed there were risks involved and recommended that investors conduct thorough research and take a long-term stanc...
Invezz
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