Viewpoint | China's subtle rise as a global climate leader

With Chinese representatives increasingly involved in worldwide climate discussions, Beijing's plan to reduce carbon emissions could solidify its position as a leader.

Zhao Yingmin, a representative from China at the Cop29 conference and also the vice-minister for ecology and environment in his home country, took a more proactive approach. It has been reported that he conducted personal meetings with representatives from developing countries during the final hours of the conference, emphasizing that the situation could deteriorate without a conclusive financial agreement.

Test run: Xpeng P7+ EV merges opulence, roominess, and AI-driven navigational support

The Guangzhou-founded firm's rapidly selling latest model provides plenty of luxury features and a more fluid autonomous driving encounter than its predecessors.

Both vehicles exhibit certain common features, with each one being designed as liftbacks instead of actual sedans, providing plenty of room. Regarding the P7+, it boasts a substantial trunk capacity of 725 litres, which can be extended to 2,221 litres when the seats are collapsed, providing sufficient storage for 33 20-inch suitcases.

In the previous year, my experience with Xpeng's XNGP system, a tool for assisting city driving, was quite inconsistent. It performed noticeably poorer in Guangzhou compared to Shanghai. However, the system has since improved and is no longer reliant on extremely accurate mapping.

Chinese vendors on Temu and Amazon didn't experience a Black Friday profit boost due to increased competition. Aggressive discounting is diminishing the profit margins of these Chinese businesses selling online to worldwide customers.

Xie, the proprietor of a garment manufacturing plant in Guangzhou, a key commercial city in the south, revealed that his store, Temu, experienced a 30% decline in Black Friday sales compared to the previous year. Xu, another employee at the plant who oversees the Temu operation, stated that despite offering a 10% discount on products during the Black Friday to Cyber Monday period, sales only saw a modest increase of approximately 20% compared to the usual rate.

"The earnings were quite minimal," Xu commented on Thursday, during an event by Temu in Guangzhou, the capital city of Guangdong province in southern China.

"Despite preliminary figures indicating a surge in total consumer expenditure throughout the shopping season, the rise of Chinese online trading platforms has created a competitive strain," commented Justin Koh, a director at AlixPartners based in Shanghai. He further noted that this year's sales cycle commenced earlier than usual.

Shein is presently providing price reductions as high as 90 per cent on over 300,000 products until the year's end. Temu is decorating its website with labels such as "Final Day for Savings" and "Offer Available for a Short Time" to attract shoppers.

Ant Group has elevated its CFO Cyril Han to the position of CEO as the owner of Alipay celebrates its 20th anniversary. Eric Jing, the current CEO, will step down from his administrative role on March 1st next year but will continue to serve as the group's chairman, as stated in an internal note shared on Sunday.

Ant Group, the leading mobile payment system provider in China, is elevating its financial head Cyril Han Xinyi to the position of CEO starting next year. This move is aimed at renewing its senior leadership and propelling the company into its next growth stage, following over two decades in operation.

Han, who presently serves as the president and chief financial officer of the group, is set to replace Eric Jing Xiandong, effective from the 1st of March. His new role will encompass overseeing all business divisions and daily operations, as per an email circulated to staff on December 8, viewed by the Post. Jing will continue in his role as the chairman of the group.

"Since becoming a part of Alipay in 2014, Cyril has significantly impacted our growth thanks to his strategic insight, commitment, and professionalism," Jing expressed in an email to staff members. "Cyril has earned profound trust and appreciation from the whole team due to his humility, honesty, selflessness, and impartiality. I have absolute faith that Cyril will guide our team to achieve unprecedented milestones that exceed our anticipations."

Ant Group, headquartered in Hangzhou, Zhejiang province in the east, is the proprietor of Alipay, which held a 55 percent majority of China's mobile payments industry by the close of 2023, as reported by Statista. WeChat Pay, their primary competition run by Tencent Holdings, possessed a 37 percent market share. According to projections by Statista, China is expected to handle digital payments worth US$12.8 trillion in 2029, a significant increase from US$8.6 trillion in 2024.

Jing is set to step down from the CEO position he's been in since succeeding Lucy Peng in October 2016. He assumed the role of the chairman in April 2018. The declaration was made on the 20th anniversary of Alipay and Ant Group this past Sunday.

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The potential for the US to abandon trade regulations could negatively impact China, Temu, and the US itself.

Hotel owners in Hong Kong are preparing for concerning developments as a new hotel tax and the US trade conflict threaten to impact tourism. A 3% tax imposed on hotel stays starting January 1, coupled with potential issues arising from Trump's administration, may destabilize the city's tourism industry.

The hotel sector in Hong Kong may encounter increased challenges in the upcoming year. Analysts indicate that the introduction of a new accommodations tax, coupled with escalating geopolitical conflicts, are factors of concern that could potentially diminish the city's attractiveness as a holiday spot.

Starting from the first of January, the government intends to levy a tax of 3% on hotel lodgers. In the meantime, President-elect Donald Trump will take residence at the White House next month, potentially signalling a turbulent phase for trade and tourism between the U.S. and China.

The city's dependence on visitors from China has led to disappointing outcomes in the past few years due to the mainland's economic difficulties in fostering growth post-Covid-19 pandemic. These tourists have been spending less and not staying as long, coupled with the devaluation of the country's currency, as revealed by official statistics.

"There's no doubt that external elements like the declining Chinese currency, the robust Hong Kong dollar, the trade disputes initiated by Trump and the menace of tariffs are concerning," stated William Cheng, the head of Shun Ho Group. "The rising operating expenses are just as alarming and they will lead to hardships for the hotel sector."

The Shun Ho Group runs seven hotel establishments in Hong Kong, providing a total of 3,000 accommodations throughout the city. These include the Best Western situated in Causeway Bay and the Ramada Hong Kong Harbour View located in Sai Ying Pun.

Ant International has reported an increase in growth following its spin-off in March, fueled by a surge in cross-border payments. The company's four main sectors, namely Alipay+, Antom, WorldFirst, and Embedded Finance, have all shown impressive performance, according to a company announcement.

Ant International experienced significant expansion in its key business areas after becoming an independent entity in March. This growth is largely attributed to its primary cross-border mobile payment system, Alipay+, which has successfully linked more global customers and vendors.

Ant Group's foreign branch based in Singapore announced that its four main businesses – Alipay+, Antom, WorldFirst, and Embedded Finance – have shown robust growth over the previous year, as per a statement from the company.

As of November, Alipay+ has connected more than 90 million traders across 66 markets with 1.6 billion consumer accounts. This was achieved through partnerships with 35 global payment associates, encompassing e-wallets and banking applications. This is a significant increase from the previous year's figures, which stood at 88 million merchants across 57 markets and 1.5 billion users in December.

In 2024, international transactions via Alipay+ associates skyrocketed to three times their previous volume, according to the firm, which did not reveal the total amount. WorldFirst, an international B2B payment service, reached an annual total payment volume (TPV) of $100 billion, quadrupling its 2020 levels.

Three past four

Who is Jack Ma's Ant Group and what is its revenue model?

Antom, a company that offers payment services to businesses, saw a close to 100% increase in its Total Payment Volume (TPV) from January to November 2024, compared to the previous year, with credit card processing volumes increasing by over ten times. However, the firm did not disclose the total value of the transactions

In the dynamic Automobile Industry, staying ahead means embracing top trends like electric vehicles, autonomous driving, and digital marketing, while focusing on Consumer Preferences and Regulatory Compliance. Success across Vehicle Manufacturing, Automotive Sales, Aftermarket Parts, Car Dealerships, Vehicle Maintenance, Automotive Repair, and Car Rental Services hinges on leveraging Automotive Technology, efficient Supply Chain Management, and innovative Automotive Marketing strategies. Industry Innovation and collaboration are key in navigating the competitive landscape, with a strong emphasis on customer satisfaction and operational integrity to thrive in Vehicle Manufacturing and related sectors.

In the fast-paced world of the automotive industry, businesses are constantly on the move, seeking to outpace competitors and drive towards success in vehicle manufacturing, sales, and service. Whether it's car dealerships, aftermarket parts suppliers, automotive repair shops, or car rental services, each sector plays a pivotal role in steering the industry forward. As consumer preferences shift, technology advances, and regulatory landscapes evolve, staying ahead in the automotive business requires more than just a passion for vehicles; it demands a comprehensive understanding of market trends, industry innovation, and the intricacies of automotive technology. This article delves into the heart of the automotive sector, exploring the key strategies for success in automotive sales, the importance of aftermarket parts, the nuances of vehicle maintenance, and the cutting-edge innovations shaping the future of the automobile industry. From navigating market dynamics to mastering supply chain management, and ensuring regulatory compliance, we uncover the top trends driving the automotive world and offer insights into how businesses can rev up their operations to meet the ever-changing demands of the market. Join us as we explore the road ahead, highlighting the critical factors that contribute to achieving peak performance in the automotive industry.

• 1. "Navigating the Road Ahead: Top Trends and Innovations in the Automobile Industry"
• 2. "Revving Up Success: Strategies for Automotive Sales, Aftermarket Parts, and Vehicle Maintenance"

1. "Navigating the Road Ahead: Top Trends and Innovations in the Automobile Industry"

In the ever-evolving landscape of the Automobile Industry, businesses are constantly navigating through a maze of market trends, consumer preferences, and regulatory compliance to stay ahead. The road to success in Vehicle Manufacturing, Automotive Sales, Aftermarket Parts, Car Dealerships, Vehicle Maintenance, Automotive Repair, and Car Rental Services is paved with innovation and adaptation. As we delve deeper into the top trends and innovations shaping the future of the automotive sector, it becomes clear that Automotive Technology, Supply Chain Management, Industry Innovation, and Automotive Marketing are at the forefront of driving change.

One of the major trends revolutionizing the Automobile Industry is the rapid advancement in Automotive Technology. Electric vehicles (EVs) and autonomous driving are not just concepts but are becoming mainstream, pushing Vehicle Manufacturing into a new era. This shift not only caters to the growing consumer preferences for environmentally friendly and smart mobility solutions but also aligns with stricter regulatory compliance aiming at reducing carbon emissions. Companies leading in EV technology and self-driving software are setting new benchmarks for the entire industry.

In the realm of Automotive Sales and Car Dealerships, digital transformation is reshaping consumer experiences. Online sales platforms and virtual showrooms are becoming increasingly popular, offering customers the convenience of browsing, customizing, and purchasing vehicles from the comfort of their homes. This shift requires an innovative approach to Automotive Marketing, focusing on digital engagement and personalized customer experiences.

The Aftermarket Parts and Automotive Repair sectors are also witnessing significant changes, driven by the demand for high-quality, compatible parts for a growing variety of vehicle makes and models. This has led to improvements in Supply Chain Management, ensuring timely availability of essential parts and accessories. Moreover, the adoption of advanced diagnostics and repair technologies is enhancing the efficiency and effectiveness of Vehicle Maintenance services.

Furthermore, Car Rental Services are adapting to the changing mobility needs of consumers, with a focus on flexible renting options and the inclusion of EVs and hybrid vehicles in their fleets. This evolution reflects a broader shift towards sustainable and convenient transportation solutions.

Lastly, Industry Innovation and collaboration are key to navigating the challenges and seizing the opportunities in the dynamic automotive market. From forging partnerships with tech companies to investing in research and development, automotive businesses are striving to stay at the cutting edge of technology and service excellence.

In conclusion, the Automobile Industry is at a pivotal point, with top trends and innovations shaping its future. Success in this competitive landscape requires a holistic approach that encompasses a deep understanding of Automotive Technology, Market Trends, Consumer Preferences, Regulatory Compliance, Supply Chain Management, Industry Innovation, and effective Automotive Marketing strategies. As the industry continues to evolve, staying informed and adaptable will be crucial for businesses aiming to thrive in the fast-paced world of automotive.

2. "Revving Up Success: Strategies for Automotive Sales, Aftermarket Parts, and Vehicle Maintenance"

In the rapidly evolving Automobile Industry, businesses focusing on Automotive Sales, Aftermarket Parts, and Vehicle Maintenance need to deploy strategic measures to navigate the complexities of Vehicle Manufacturing, marketing, and customer service. Success in these areas relies heavily on an intricate understanding of market trends, consumer preferences, and the ever-changing landscape of regulatory compliance.

For Automotive Sales, the key to revving up success lies in leveraging Automotive Marketing strategies that resonate with target audiences. Car Dealerships must stay abreast of the latest in Automotive Technology and industry innovation to meet the sophisticated demands of today’s consumers. Personalized sales experiences, coupled with comprehensive knowledge about vehicle features, safety standards, and performance metrics, can significantly enhance customer satisfaction and loyalty. Furthermore, integrating digital platforms for virtual showrooms and online consultations can broaden the reach and accessibility of sales offerings, aligning with the current shift towards online purchasing.

The Aftermarket Parts segment offers a lucrative avenue for businesses aiming to capitalize on the desire for customization and enhancement among vehicle owners. Success in this area requires a robust supply chain management system to ensure the availability of top-quality parts that meet or exceed original equipment manufacturer (OEM) standards. Staying ahead of industry innovation and being quick to adopt emerging Automotive Technology can also provide a competitive edge. Offering expert advice and customized solutions can help in building a loyal customer base, while strategic partnerships with manufacturers can improve product offerings and affordability.

Vehicle Maintenance and Automotive Repair services stand as critical components of the automotive sector, ensuring the longevity and safety of vehicles on the road. Top service providers in this domain prioritize continuous training and certification of their technicians to keep pace with automotive advancements and repair techniques. Emphasizing customer service, transparent pricing, and efficient turnaround times can significantly impact customer trust and repeat business. Additionally, embracing technology to streamline appointment scheduling, service updates, and customer feedback can enhance operational efficiency and client satisfaction.

Across all these segments, regulatory compliance remains a cornerstone of operational integrity and reputation. Businesses must navigate the complexities of environmental standards, safety regulations, and consumer protection laws to maintain credibility and avoid legal pitfalls.

In conclusion, the triumvirate of Automotive Sales, Aftermarket Parts, and Vehicle Maintenance businesses must consistently adapt to evolving market demands, integrate advanced technologies, and focus on delivering exceptional customer experiences to drive success in the competitive landscape of the Automobile Industry. Adopting innovative Automotive Marketing strategies, committing to Industry Innovation, and ensuring regulatory compliance are essential strategies that can fuel the growth and sustainability of businesses in this dynamic sector.

In conclusion, the automotive business remains a critical component of the global economy, driving forward with the wheels of vehicle manufacturing, automotive sales, aftermarket parts, car dealerships, vehicle maintenance, automotive repair, and car rental services. As we have navigated through the top trends and innovations in the Automobile Industry, it's evident that industry innovation, fueled by automotive technology, is reshaping the landscape at an unprecedented pace. Strategies for success in automotive sales, aftermarket parts, vehicle maintenance, and other sectors are increasingly reliant on understanding market trends, consumer preferences, and the importance of regulatory compliance.

The future of the automotive business hinges on its ability to adapt to these evolving demands, integrating cutting-edge automotive marketing techniques with supply chain management efficiency. As the sector moves forward, companies that prioritize customer satisfaction, embrace industry innovation, and remain agile in the face of economic conditions and regulatory changes will likely lead the pack.

With advancements in automotive technology accelerating, the importance of staying ahead in terms of industry innovation, understanding the intricacies of automotive marketing, and ensuring top-notch quality in products and services cannot be overstated. The journey ahead for the automotive industry promises to be as dynamic as it is challenging, with ample opportunities for those ready to drive into the future, equipped with the knowledge of market trends, the foresight to anticipate consumer preferences, and the wisdom to navigate the regulatory landscape. In essence, the road ahead for the automotive business, from vehicle manufacturing to car rental services, is paved with innovation, agility, and a relentless focus on customer satisfaction and regulatory compliance, marking the route to sustained success in a competitive marketplace.

Cryptocurrency enthusiasts in Hong Kong view regulations as a positive factor, but are uncertain about Trump's erratic behavior. The head of the Silk Road Economic Development Research Centre believes that the city retains the potential to become a leader in Web3 over the coming ten years.

Authorities in Hong Kong along with industry experts highlighted the city's experiments with cryptocurrency and its consistent regulatory environment as market advantages during the Belt and Road Forum on Thursday. This comes as the excitement around Donald Trump's re-election as the US president has driven the value of Bitcoin over US$100,000 this week.

"Trump's actions are hard to forecast. He might alter his decision by tomorrow; it's always uncertain," stated Joseph Chan, the head of the Silk Road Economic Development Research Centre. The Centre is one of the entities responsible for organizing the event. Chan also led a discussion on Web3 and the digital economy at the forum.

"I believe that the more stable regulatory system of Hong Kong is the correct method."

Hong Kong needs to quickly step up its efforts to become a leading center for green fuel in the aviation and maritime industries. Analysts suggest that Singapore and China are currently leading in this area.

"Given the worldwide aviation industry's definitive objectives for carbon reduction, which is also shared by numerous investors and financiers, Hong Kong's sector needs to take action to facilitate the use of Sustainable Aviation Fuels (SAF) to lessen the danger of climate change. Otherwise, they may face a decline in competitiveness," stated Merlin Lao, the leader of policy and research at the Business Environment Council (BEC), a non-governmental entity.

Starting from the first day of January, the majority of vessels heading towards the European Union are required to demonstrate that they've implemented strategies to cut down the carbon footprint of their fuels by 2%. This figure is set to increase to 80% by the year 2050.

"Vessels traveling between East Asia and Europe will increasingly need to use clean fuel," stated Hing Chao, who is the head of the Hong Kong Chamber of Shipping as well as the executive chairman of Wah Kwong Maritime Transport.

Perspective | Trump's policies have the potential to disrupt US economy while China rebounds

Trump's economic tactics might shift perceptions regarding not only the US markets but also those of China.

Through my investigation, I've discovered that market stories often trigger recurrent, cyclical, and seasonal patterns in asset values at specific periods, like the phenomena observed in January and October.

ByteDance, Alibaba, and Tencent from China are hunting for new talent at the 'AI Olympics'. It is anticipated that this year's Neural Information Processing Systems Annual Conference will be attended by some of the most brilliant AI intellects worldwide.

The need for AI product development specialists in China is projected to hit six million by 2030, as per a report by McKinsey released the previous year. A 2023 research conducted by the job-focused social networking platform Maimai revealed a significant talent gap, with only two suitable professionals for every five emerging AI positions in the country.

Investors are on the lookout for new indications of economic stimulus from China prior to Xi Jinping's financial summit. Any expansion of the government's budget or reinforcement actions for consumer spending and the real estate sector would be positively received by investors.

The meeting's date is still undecided, however, according to various news outlets, it's expected to take place on December 11th and 12th. Stock market participants are uncertain about the outcomes of this business conference. Nonetheless, any talk of enhancing the state's budget, or introducing initiatives to boost consumer spending and the real estate market, would be seen as positive triggers.

"Many are unsure about the eventual stabilization of the economy," stated Yuan Fang, a financial analyst at SDIC Securities. "Thus, the financial market is closely monitoring the central economic conference. The course of the equity market will be dictated by how the conference outlines the scale and speed of policies intended to stabilize growth."

Citic Securities, the biggest publically traded brokerage in China, indicated that the conference is expected to sustain an optimistic outlook for macroeconomic policies in 2025. It's anticipated that the leaders will emphasize the importance of local government debt, the real estate market, consumer spending, and technological advancement as key priorities for the country.

In particular, China plans to boost residential property acquisitions next year to establish a stockpile of reasonably priced homes, as per Citic Securities' statement last month. They are also urging local authorities to repurchase unused land to support the real estate market. Additionally, Citic Securities anticipates that Beijing will implement further reductions in mortgage rates to stimulate demand and encourage the technology sector to decrease its dependency on foreign resources.