Latest Hangzhou News

Best: Q4 Earnings Snapshot

Mar. 27, 2024 18:50 PM EDT

HANGZHOU, China (AP) — HANGZHOU, China (AP) — Best Inc. (BEST) on Wednesday reported a loss of $34.7 million in its fourth quarter. On a per-share basis, the Hangzhou, China-based company said it had a loss of $1.75. Losses, adjusted for asset impairment costs and stock option...

Vietnamese automaker VinFast to start selling EVs in Thailand

Mar. 26, 2024 05:53 AM EDT

BANGKOK (AP) — Vietnamese automaker VinFast announced Tuesday that it plans to sell its electric vehicles in Thailand and said it had tied up with auto dealers to open showrooms in the country. VinFast, which only began exporting its EVs last year, faces stiff competition in...

NetEase: Q4 Earnings Snapshot

Feb. 29, 2024 05:09 AM EST

HANGZHOU, China (AP) — HANGZHOU, China (AP) — NetEase Inc. (NTES) on Thursday reported net income of $927.1 million in its fourth quarter. The Hangzhou, China-based company said it had net income of $1.42 per share. Earnings, adjusted for stock option expense, came to $1.60 per...

Alibaba approves an additional $25 billion share buyback as its revenue disappoints

Feb. 07, 2024 23:42 PM EST

SINGAPORE (AP) — Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, after reporting lower-than-expected sales revenue for the last quarter of 2023. The company’s Hong Kong-traded shares...

Thousands of vehicles stuck on highways in China as snow snarls Lunar New Year travel

Feb. 06, 2024 05:10 AM EST

BEIJING (AP) — Icy conditions trapped thousands of motorists on highways in central China as snow and freezing rain snarled travel by air, train and road during the annual Lunar New Year holiday rush. A Chinese travel blogger said she and her boyfriend were waiting with others...