Henry Cheng, the chairman of New World Development, announced that the company will prioritize managing its debt before considering mergers and acquisitions. This strategy comes after a significant restructuring of management in September, aimed at stabilizing the company. The primary focus will be on handling their financial obligations.

New World Development (NWD) intends to address its financial obligations prior to pondering over mergers and acquisitions as a means to grow its firm. This comes in the wake of a management overhaul this year and a pause on dividend disbursements to solidify its financial standing.

Henry Cheng Kar-shun, the chairman of the city's most heavily indebted property developer, assured shareholders at a meeting on Thursday that the company will avoid undertaking new business ventures that could potentially harm its cash flows. Furthermore, he mentioned that the company is adjusting its dividend and share repurchase strategies to reduce debt.

"He emphasized that their primary focus is on debt reduction, hence mergers and acquisitions are currently off the table," as reported by local media source Ming Pao. The company, which refrained from announcing a final dividend in its 2023 annual review, will recommence distributions once its debt load is lessened, as per the news article.

As per the most recent financial report, New World Development (NWD) had a consolidated net debt of HK$123.7 billion (US$15.9 billion) as of June 30. The net gearing, also known as the debt-to-equity ratio, saw a significant increase, moving up to 55 per cent from a slightly below 50 per cent mark in December.

In the latest attempts to manage liabilities, the developer successfully arranged and repaid loans amounting to over HK$16 billion in July and August. Additionally, it paid off HK$35 billion in loans and debts, which involved purchasing back some of its foreign-currency bonds at a reduced price.

The company's stock has plummeted by 39% in the Hong Kong market this year, reducing its market value to HK$18.1 billion.

Baidu's revenue for the third quarter decreases by 3% due to economic challenges affecting advertising expenditure. The online search behemoth garnered $4.6 billion in the quarter of September, with a downturn in online advertising surpassing the growth in AI.

The company based in Beijing announced on Thursday that its total income for the quarter ending in September dropped to 33.6 billion yuan (US$4.6 billion), highlighting its largest decrease in the last two years due to persistent market challenges. The revenue from online advertising slipped by 4 per cent, standing at 18.8 billion yuan.

According to Baidu, Ernie has been managing around 1.5 billion daily requests to its application programming interface this month, which is more than twice the 600 million daily requests it handled in August.

Robin Li Yanhong, co-founder and CEO of the company, stated that despite the present challenges, the firm will persist in its significant investment in AI. Li further expressed in a statement that as they expand AI, they are inspired to discover its potential in propelling innovations and generating value for individuals, businesses, and the broader community.

The individual ranked as the second wealthiest in China criticizes Pinduoduo for damaging brands with its ruthless pricing strategy. The person who established Nongfu Spring, a bottled water business, labeled Pinduoduo as a key player in implementing aggressive pricing, which he believes is significantly damaging to Chinese brands.

"Online platforms have reduced rates significantly, especially Pinduoduo's pricing system, causing great damage to Chinese brands and industries," Zhong stated in a public address on Wednesday. His remarks were extensively covered by Chinese media, including China's internet portal, Sina.com.

Pinduoduo did not respond promptly to a request for comment on Thursday.

Billionaire Colin Huang Zheng established Pinduoduo in 2015. The company is recognized for its extremely discounted deals in China and serves as the model for Temu, both of which are owned by PDD Holdings. Its assertive approach to pricing has enabled it to rapidly increase its market presence in recent years.

The deceleration of China's economy and a slump in consumer expenditure have fueled Pinduoduo's rise, sparking an intense pricing battle among the nation's top online retailers, which is squeezing traders' earnings.

Europe's STM has assigned China's second leading foundry to manufacture traditional chips for the mainland market. This decision underlines the significance of China's electric vehicle market and the country's advancements in traditional chip production.

STMicroelectronics (STM), a major chipmaker in Europe, announced its plans to delegate the production of traditional semiconductors to China's second biggest foundry. This move enhances China's position in the traditional chip industry.

"We recognize that the industry we cater to is growing more intricate and we're up against fierce competition due to the emergence of Chinese automobile manufacturers, which is rapidly altering the market scenario," stated Chery. He further emphasized that it was vital for STM to maintain its significance in the biggest car market globally through its strategies of local adaptation.

Chery stated that the collaboration with Hua Hong Group would enable ST to swiftly address the demands of the Chinese market and take advantage of emerging opportunities, particularly in the rapidly expanding electric vehicle sector.

This action highlights the significance of China's electric vehicle market and the nation's advancements in traditional chip manufacturing, in light of Beijing's attempts to achieve technological independence. This is in response to the export limitations imposed by Washington to prevent US essential technology from falling into the hands of the Chinese military.

Despite witnessing a 44% increase in revenue, PDD's owner, Temu, experienced a 10% drop in pre-market trading. Even though PDD's results, featuring a 66% rise in net revenue, surpassed competitors, it failed to alleviate investor worries in the face of e-commerce competition.

Shares of PDD Holdings experienced a sharp drop of over 10% in pre-market trading, even though there was a 44% increase in revenue for the third quarter. This is due to worries about a slowing Chinese economy and intense rivalry in the e-commerce sector, which are negatively impacting investor confidence.

Chen Lei, the chairman and joint CEO of the company, stated that PDD is dedicated to "propelling the superior growth" of its platforms and will continue to "invest steadily and patiently" in the platform ecosystem.

Fierce pricing battles have surfaced in China's online shopping sector due to sluggish consumer expenditure and a difficult overall economic climate in the globe's second biggest economy.

The fight to win over customers has resulted in a pricing battle within the online retail sector. Many believe that Pinduoduo, a company that has traditionally relied on rock-bottom prices to lure customers, is intensifying the issue.

To stay competitive in the top tiers of the Automobile Industry, businesses must adapt to Industry Innovations, Market Trends, Consumer Preferences, and Regulatory Compliance. This includes leveraging Automotive Technology in Vehicle Manufacturing, such as electric and autonomous vehicles, to meet demands for sustainability and convenience. Automotive Sales are evolving with digital strategies, enhancing the customer buying experience at Car Dealerships. The demand for Aftermarket Parts and customization underscores the importance of personalization. Innovations in Vehicle Maintenance and Automotive Repair, along with a focus on Sustainability and Supply Chain Management, are key for reducing environmental impact. Car Rental Services are also adapting, offering eco-friendly options for the modern traveler. Across all sectors, from Vehicle Manufacturing to Automotive Repair and Car Rental Services, embracing new technologies, focusing on quality, and strategic Automotive Marketing are essential for resilience and growth in the dynamic Automobile Industry.

In the fast-paced world of the automotive industry, businesses ranging from vehicle manufacturing giants to local car dealerships are constantly steering through a landscape filled with challenges and opportunities. As the backbone of global mobility, the automotive sector encompasses a wide array of activities including manufacturing, distribution, sales, and maintenance of vehicles, along with the provision of aftermarket parts and car rental services. Success in this competitive domain requires not just an engine purring under the hood but also a keen eye on market trends, technological advancements, and changing consumer preferences. With regulatory compliance and supply chain management adding more layers to the complexity, automotive businesses are revving up their strategies to ensure they don't just keep up but lead the race. This article delves into the dynamic, ever-evolving world of the automobile industry, highlighting top trends and innovations that are steering the future of vehicle manufacturing, automotive sales, and aftermarket services. From groundbreaking automotive technology to cutting-edge marketing strategies and industry innovations, we explore what it takes to thrive amidst the shifting landscapes of consumer demand and regulatory frameworks. Join us as we navigate the road ahead, uncovering the keys to revving up success in the vibrant ecosystem of the automotive business.

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

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

In the fast-paced world of the Automobile Industry, staying ahead means keeping a keen eye on the evolving market trends, consumer preferences, and technological advancements. As we navigate the road ahead, several key trends and innovations stand out, shaping the future of Vehicle Manufacturing, Automotive Sales, Aftermarket Parts, Car Dealerships, Vehicle Maintenance, Automotive Repair, and Car Rental Services.

**Embracing Automotive Technology and Industry Innovation**

At the forefront of industry innovation is the integration of advanced automotive technology. Electric vehicles (EVs) and autonomous driving systems are revolutionizing Vehicle Manufacturing, pushing the boundaries of what's possible on the road. These technologies not only cater to changing consumer preferences for more sustainable and convenient transportation options but also align with regulatory compliance pushing for reduced emissions.

**The Digital Shift in Automotive Sales and Marketing**

The digital transformation is reshaping Automotive Sales and Marketing strategies. Online platforms and digital showrooms are becoming increasingly prevalent, allowing customers to explore, customize, and even purchase vehicles from the comfort of their homes. This shift not only meets the modern consumer's expectation for convenience and efficiency but also opens up new avenues for engaging with potential buyers through targeted digital marketing campaigns.

**Aftermarket Parts and Customization Trends**

The demand for Aftermarket Parts and customization options continues to grow, driven by consumers' desire to personalize their vehicles. This trend offers significant opportunities for businesses specializing in high-quality aftermarket parts and customization services, catering to the enthusiast market and those looking to enhance vehicle performance or aesthetics.

**Innovations in Vehicle Maintenance and Automotive Repair**

Emerging technologies are also transforming Vehicle Maintenance and Automotive Repair services. Diagnostic tools and software are becoming more sophisticated, enabling quicker and more accurate problem identification. Moreover, the rise of mobile repair services offers convenience, reducing downtime for consumers and fleet operators alike.

**Sustainability and Supply Chain Management**

Sustainability concerns are prompting the Automobile Industry to rethink Supply Chain Management practices. Companies are increasingly prioritizing eco-friendly materials and processes, from Vehicle Manufacturing to end-of-life vehicle recycling. This not only helps in reducing the environmental impact but also aligns with the growing consumer demand for green practices.

**Adapting to Regulatory Compliance and Safety Standards**

Regulatory Compliance remains a critical consideration for the automotive sector. Safety standards are becoming more stringent, with a strong focus on protecting passengers and pedestrians alike. Businesses must stay abreast of these regulations and incorporate safety innovations, from advanced driver-assistance systems (ADAS) to enhanced vehicle safety features, to maintain competitiveness and ensure compliance.

**The Role of Car Rental Services in the Mobility Ecosystem**

Car Rental Services are adapting to the changing mobility landscape by expanding their fleets to include EVs and hybrid vehicles, catering to the eco-conscious traveler. Additionally, the integration of smart technology for seamless booking and vehicle access is enhancing customer experiences, making car rental a more attractive option for urban and tourist mobility solutions.

**Conclusion**

As the Automobile Industry continues to evolve, businesses across the spectrum, from Vehicle Manufacturing to Car Rental Services, must embrace these top trends and innovations. Success hinges on their ability to adapt to Automotive Technology advancements, changing Market Trends, Consumer Preferences, and Regulatory Compliance. In doing so, they can ensure resilience, sustainability, and growth in a competitive and dynamic market.

2. "Revving Up Success: Strategies for Thriving in Vehicle Manufacturing, Sales, and Aftermarket Services"

In the fast-paced Automobile Industry, businesses striving for the top must navigate the complex terrains of Vehicle Manufacturing, Automotive Sales, and Aftermarket Services with agility and innovation. Success hinges on a multifaceted approach that encompasses understanding Market Trends, aligning with Consumer Preferences, ensuring Regulatory Compliance, optimizing Supply Chain Management, driving Industry Innovation, and executing strategic Automotive Marketing.

For Vehicle Manufacturing, the key to staying ahead lies in leveraging cutting-edge Automotive Technology to enhance vehicle performance, efficiency, and safety. Manufacturers must continually invest in research and development to not only meet but anticipate consumer demands, ensuring their offerings resonate with evolving preferences. Additionally, integrating sustainability into manufacturing processes and products can provide a competitive edge, as eco-consciousness becomes increasingly paramount among consumers.

In the realm of Automotive Sales, Car Dealerships play a pivotal role. To thrive, dealerships must adopt a customer-centric approach, tailoring their services and communication to meet the individual needs of their clientele. Embracing digital tools and online platforms for marketing and sales can extend their reach and improve customer engagement. Providing comprehensive information, virtual tours, and online financing options can significantly enhance the buying experience, making it more convenient and appealing to modern consumers.

Aftermarket Parts and Automotive Repair services represent a substantial segment of the industry, driven by the demand for vehicle customization, maintenance, and repair. Success in this sector requires a deep understanding of the market and customer needs, offering high-quality parts and services that ensure reliability and performance. Establishing a reputation for excellence and trustworthiness is paramount. Moreover, staying abreast of the latest trends and technologies in vehicle maintenance and repair, and offering specialized services, can differentiate a business from its competitors.

Furthermore, Car Rental Services must adapt to the changing landscape of personal and corporate mobility, offering flexible, cost-effective, and technologically advanced solutions. Incorporating online booking systems, offering a wide range of vehicle options, and providing exceptional customer service can set a rental service apart. Additionally, tapping into the growing demand for electric and hybrid vehicles can attract environmentally conscious consumers.

Across all these sectors, a robust online presence and effective Automotive Marketing strategies are indispensable. Utilizing social media, search engine optimization (SEO), and email marketing can significantly boost visibility and customer engagement. Crafting compelling content that highlights industry expertise, customer testimonials, and the unique value proposition of the business can help build a strong brand identity and loyalty among consumers.

In conclusion, businesses in the Automobile Industry must adopt a holistic approach to thrive in the competitive realms of Vehicle Manufacturing, Automotive Sales, and Aftermarket Services. By focusing on consumer needs, embracing technology and innovation, ensuring quality and reliability, and adopting strategic marketing efforts, businesses can rev up their success and drive forward in this dynamic industry.

In conclusion, the journey through the landscape of the automotive business is one marked by evolution and innovation. From vehicle manufacturing to automotive sales, aftermarket parts, and car rental services, each segment plays a pivotal role in shaping the future of transportation. As we have explored, staying ahead in the automobile industry demands not only an adherence to regulatory compliance and a mastery of supply chain management but also a keen sensitivity to market trends and consumer preferences.

The road to success in vehicle manufacturing and automotive repair, or any other automotive sector, is paved with challenges that include rapidly advancing automotive technology and the shifting sands of industry innovation. Yet, it's clear that businesses that embrace these changes, investing in automotive marketing and focusing on quality products and services, can rev up their growth and drive towards a prosperous future.

Car dealerships and aftermarket parts suppliers, alongside vehicle maintenance and automotive repair services, must continually adapt to the evolving landscape, ensuring they meet customer needs with precision and efficiency. The integration of new technologies and the adaptation to a more digital and environmentally conscious consumer base will differentiate the leaders from the laggards in this competitive arena.

As we have seen, the automotive industry is more than just a hub of economic activity; it's a dynamic ecosystem that thrives on innovation, customer satisfaction, and strategic foresight. Whether it's through enhancing automotive sales techniques, embracing industry innovation, or leveraging the latest in automotive technology, the path forward for automotive businesses is clear. By prioritizing these key areas, companies within the automobile industry can navigate the road ahead with confidence, ensuring their place at the forefront of providing top-notch transportation solutions to individuals and organizations alike.

Australian start-up Vow has initiated the sale of lab-produced meat in Hong Kong. Two dishes that include Vow's artificially cultivated Japanese quail, a product of Sydney, have been added to the menu at The Aubrey in the Mandarin Oriental.

Residents of Hong Kong will have their initial experience with cultured meat, otherwise referred to as lab-grown meat. This comes after an Australian food technology startup became the pioneer in initiating the sale of these kinds of products in the city.

The Aubrey, a Japanese eatery and bar located in the Mandarin Oriental, unveiled two new menu items on Tuesday that incorporate cultured Japanese quail from Vow, a company based in Sydney.

George Peppou, co-founder and CEO of Vow, stated that Hong Kong is the second global market to have access to their product, Forged, following its initial release in Singapore in April.

"He expressed assurance that the regulatory system in Hong Kong will persist in facilitating the secure launch of cultured meat."

Lab-grown meat, also referred to as cell-cultivated meat, cruelty-free meat or pure meat, among other names, is manufactured by cultivating animal cells rather than breeding animals. Despite not requiring animal slaughter, it is not considered vegetarian or vegan as it is genuine animal tissue.

Vow, established in 2019, received approval from the Singapore Food Agency in March 2024 to market its products in the nation, making it the third food-tech startup in the industry following American firms Upside Foods and Eat Just.

TSMC's decision to sever ties with Chinese chip companies has dampened the mood at the yearly Beijing semiconductor conference. At the 21st China International Semiconductor Expo, specialists from the sector discussed the upcoming hurdles and prospects for local chip manufacturers.

Many participants at the expo have expressed concerns about geopolitical issues, particularly as China prepares for potential instability due to changes in US policy after President Trump begins his second term in office in January. Trump has pledged to raise tariffs on goods manufactured in China by 60 per cent.

During a discussion at the Expo on Tuesday, He Weiwei, who is a co-founder and the general manager of BASiC Semiconductor, announced that the company has invested an additional 20 to 30 million yuan (equivalent to US$2.8 million to US$4.1 million) in the development of production facilities and materials in mainland China. This decision was motivated by concerns that sanctions from the United States could disrupt their supplies.

"He expressed that it's a significant strain for a new business like ours," He stated. "Previously, we would purchase American supplies and get the chips produced in Taiwan, before sending them back to China for packaging."

Real estate in China: Shenzhen follows Beijing and Shanghai in providing tax incentives to stimulate sales

Property owners won't be required to pay sales tax when reselling their property post two years.

Property owners won't be required to pay sales tax when reselling their property post two years.

Shenzhen is the most recent prominent city in mainland China, following Beijing and Shanghai, to declare tax reductions on large properties to boost sales. This move mirrors the government's appeal to stabilize the market using various strategies to curb a four-year decline.

Officials in Shenzhen, a prominent tech center in China and the base for large corporations like Tencent Holdings and BYD, announced late Tuesday that residents will no longer be required to pay a value-added tax if they sell their property after holding it for over two years.

The metropolis has also increased the minimum size for imposing property transfer tax on residences that are 140 square meters or larger, up from the former limit of 90 square meters.

Beijing and Shanghai took comparable measures on Monday. Additionally, all three cities declared the elimination of the categorization of "ordinary" and "non-ordinary" houses when imposing personal income tax on property resales.

10:57 AM

Ups and downs, debt and doubt: Is China's real estate market crashing?

In China, homes that are considered "non-standard" are those that are 140 square meters or larger, and these homes are subjected to higher taxes upon resale. These regulations will be implemented in three cities starting from December 1.

Explainer | Why are China's ultra-long 'special bonds' so unique?

China exclusively releases its ultra-long-term government bonds under unique conditions – here's why this year meets the criteria.

The dispersal of these bonds, the initial ones since 2020, started following Premier Li Qiang's announcement that the nation would utilize this tool for governmental financing during the yearly meeting of the National People's Congress, China's highest legislative body, on March 5.

What makes these bonds 'unique'?

The extended-duration special government bonds that were sold by the government this year offered a variety of investment periods – maturing after two decades, three decades, or a half-century – and interest rates varying between 2.19 percent and 2.57 percent.

As suggested by the title, these bonds are assigned for particular, or "unique" functions.

The initial instance occurred in 1998, aimed at aiding the restoration of state banks amidst the Asian economic meltdown. Then in 2007, funds amounting to 1.55 trillion yuan were amassed to assist in the creation of the China Investment Corporation. The latest bond issuance took place in 2020, intended for initiatives associated with the prevention and recuperation from the pandemic.

2:15 AM

China experiences its most sluggish economic expansion in more than a year, recording a 4.6% GDP in the third quarter.

US Senator insists Trump must not overlook TikTok prohibition, citing widespread cross-party support. Senator Richard Blumenthal stated that while Trump has the liberty to attempt to modify the law, there is a 'considerable inclination' towards supporting it in Congress.

"Blumenthal asserted that he cannot disregard the law. He added that if he is interested in altering the law, he can attempt to do so. However, Blumenthal cautioned him and the public that there is significant support for the current law."

In a different context, Blumenthal expressed unease over the relationship between China and US tech firms such as Musk's Tesla and SpaceX. Musk plays a significant role in Trump's transition process. Blumenthal pointed out that Tesla manufactures approximately 50% of its vehicles in China and highlighted the US Defense Department's substantial dependence on SpaceX.

Stocks in Hong Kong surge following an experienced fund manager's optimistic outlook on the Chinese market. Howard Marks of Oaktree Capital reveals that the investment company is currently seeking out deals in the domestic market.

The Hang Seng Index concluded with a 0.2 per cent increase, standing at 19,705.01, bouncing back from a 0.4 per cent dip following China's choice to hold steady a crucial lending standard. The Hang Seng Tech Index also saw a rise, moving up by 0.4 per cent.

Mainland benchmarks concluded with an increase. The CSI 300 Index saw a rise of 0.2 per cent, while the Shanghai Composite Index experienced a growth of 0.7 per cent.

Clothing manufacturer Shenzhou International Group Holdings and Hansoh Pharmaceutical Group spearheaded the increases. Baidu, a search engine company, saw a rise ahead of its profit report due later on Thursday.

The Chinese administration is striving to find the correct balance of incentives to boost their economy without becoming overly dependent on it, according to Howard Marks, co-chairman and co-founder of Oaktree Capital Management. He mentioned that the company is seeking value-for-money deals in the domestic market, and dismissed notions of China being an unattractive investment destination as a pleasing prospect to him.