-- Fourth Quarter Revenues of RMB 478.7 million, down 21.8% year over year -- Fourth Quarter Net Loss of RMB 130.2 million, compared to net loss of RMB 37.1 million in the same period of last year -- ...

Since late March, the renminbi (RMB) has been on an upswing, repeatedly hitting three-year highs. On April 14, onshore RMB ...

Nio’s latest financial results show it remains heavily loss-making, in part a consequence of a price war in China. Nio recorded a net loss of RMB 5.4 billion (US$756 million) in Q4 2023, representing ...

2 Adjusted EBITDA is defined as net income before income tax expense, share of income of affiliates, net of impairment, investment income, interest income, financial cost, depreciation, amortization ...

The China Foreign Exchange Trade System announced on Monday (27th) that the central parity rate of RMB against the USD was ...

Click to share on X (Opens in new window) X Click to share on Facebook (Opens in new window) Facebook Dong’s success could give Xiaohongshu’s livestream e-commerce business a significant boost. (Image ...

The US dollar's share of global reserves actually grew modestly in 2023, ING Bank reported. Meanwhile, gold's share of reserves didn't shift through the year, despite increased buying. The Chinese ...

HONG KONG – China is planning to issue the largest batch of renminbi sovereign bonds in Hong Kong since 2023 in April, increasing supply to global investors just as renminbi assets stand out as a ...

Ben Lin, Director and Chief Strategy Officer of FANHUA, commented: “Despite multiple challenges in the macroeconomic environment and the insurance industry, we are pleased to report solid results for ...