Jonathan Wong
The Latest
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Amazon to Fully Venture into Online Car Sales Next Year, Starting with Hyundai
In a strategic move to maintain its dominance in the e-commerce sector, Amazon is set to place its next bet on car sales. Reports indicate that Amazon and Hyundai Motor Company have recently agreed to initiate an online car-selling service, with sales of Hyundai cars on Amazon's website starting next year. 
In a strategic move to maintain its dominance in the e-commerce sector, Amazon is set to place its next bet on car sales. Reports indicate that Amazon and Hyundai Motor Company have recently agreed to initiate an online car-selling service, with sales of Hyundai cars on Amazon's website starting next year. -
Toyota's Daihatsu Temporarily Halts Production Amid Fabrication Scandal, Plans Compensation for 423 Suppliers
Following a series of safety scandals, Daihatsu Motor Co., Ltd., a wholly-owned subsidiary of Toyota Motor Corporation specializing in the production of mini-vehicles, announced on the 25th that it would compensate 423 domestic suppliers with whom it has direct business relationships. 
Following a series of safety scandals, Daihatsu Motor Co., Ltd., a wholly-owned subsidiary of Toyota Motor Corporation specializing in the production of mini-vehicles, announced on the 25th that it would compensate 423 domestic suppliers with whom it has direct business relationships. -
Elon Musk Tops the List as the Richest Gainer of 2023, Rebounding from Last Year's Losses
Elon Musk's 2023 can be aptly described as striking gold daily. According to a recent Forbes list titled "2023's Biggest Billionaire Gainers," Musk has emerged as the billionaire whose wealth has increased the most this year. As of December 15, 2023, Musk's fortune surged by an astonishing $108.4 billion, averaging over $300 million per day. 
Elon Musk's 2023 can be aptly described as striking gold daily. According to a recent Forbes list titled "2023's Biggest Billionaire Gainers," Musk has emerged as the billionaire whose wealth has increased the most this year. As of December 15, 2023, Musk's fortune surged by an astonishing $108.4 billion, averaging over $300 million per day. -
Forex Bank Strategist Warns of Potential 2024 'Black Swan' in US Tech Bubble Burst
As 2023 draws to a close, a report from Albert Edwards, a global strategist at Societe Generale known as the "Forex Bank Bear," is sounding the alarm on potential upheavals that could shock the global financial markets in 2024. 
As 2023 draws to a close, a report from Albert Edwards, a global strategist at Societe Generale known as the "Forex Bank Bear," is sounding the alarm on potential upheavals that could shock the global financial markets in 2024. -
Nike's Turnaround Tactic Amid Stock Dip $2 Billion in Cost-Cuts and Sweeping Layoffs
After reporting a mere 1% growth in its sales outlook and experiencing a 10% stock price dip in after-hours trading, the company has unveiled a bold $2 billion cost-cutting plan over the next three years. This initiative reflects Nike's commitment to streamline operations, innovate product lines, and enhance overall efficiency. 
After reporting a mere 1% growth in its sales outlook and experiencing a 10% stock price dip in after-hours trading, the company has unveiled a bold $2 billion cost-cutting plan over the next three years. This initiative reflects Nike's commitment to streamline operations, innovate product lines, and enhance overall efficiency. -
Keep's Market Value Plummets Over a Third, Revenue Growth Fails to Offset Losses
Keep, known as the "first sports tech stock," has seen its share price fall again. As of December 21, 2023, Beijing time, Keep's share price plummeted from the initial public offering price of HK$28.92 to HK$15.44, a drop of over 40%, evaporating about HK$7 billion in market value since its listing, shrinking by more than one-third. 
Keep, known as the "first sports tech stock," has seen its share price fall again. As of December 21, 2023, Beijing time, Keep's share price plummeted from the initial public offering price of HK$28.92 to HK$15.44, a drop of over 40%, evaporating about HK$7 billion in market value since its listing, shrinking by more than one-third. -
French Pharma Giant Sanofi Fined €430 Million Over Diabetes Drug Misuse Leading to Over 500 Deaths
On December 20, the Paris Court of Appeals in France upheld a verdict against the pharmaceutical giant Sanofi for "serious fraud" and "involuntary manslaughter," imposing a fine totaling over €430 million, approximately 3.36 billion yuan. 
On December 20, the Paris Court of Appeals in France upheld a verdict against the pharmaceutical giant Sanofi for "serious fraud" and "involuntary manslaughter," imposing a fine totaling over €430 million, approximately 3.36 billion yuan. -
Tesla Outpaces BYD in Price Cuts but Not in Market Share, Analysts Say
The escalating price war in the new energy vehicle sector has major automakers, including Tesla and BYD, slashing prices to capture market share. However, despite Tesla's larger price cuts compared to BYD's flagship model Han, both companies ended up with an equal market share in the third quarter. 
The escalating price war in the new energy vehicle sector has major automakers, including Tesla and BYD, slashing prices to capture market share. However, despite Tesla's larger price cuts compared to BYD's flagship model Han, both companies ended up with an equal market share in the third quarter. -
End of an Era: Toshiba Bids Farewell to Stock Exchange After 74 Years
Toshiba Corporation, a long-standing giant in Japan's tech industry, marked a historic shift as it was delisted from the Tokyo Stock Exchange after 74 years. The move followed a tumultuous decade of scandals and upheaval, culminating in a $14 billion buyout by a consortium led by Japan Industrial Partners (JIP). 
Toshiba Corporation, a long-standing giant in Japan's tech industry, marked a historic shift as it was delisted from the Tokyo Stock Exchange after 74 years. The move followed a tumultuous decade of scandals and upheaval, culminating in a $14 billion buyout by a consortium led by Japan Industrial Partners (JIP). -
Global Supply Chain Tensions Persist: Maersk to Reroute Ships Around Africa, Avoiding the Red Sea
Amid heightened security concerns, Maersk, the operator of the world's second-largest container ship fleet, announced a change in its shipping route, opting to circumnavigate the Cape of Good Hope instead of passing through the Red Sea. This decision will likely increase shipping costs and delay delivery times. 
Amid heightened security concerns, Maersk, the operator of the world's second-largest container ship fleet, announced a change in its shipping route, opting to circumnavigate the Cape of Good Hope instead of passing through the Red Sea. This decision will likely increase shipping costs and delay delivery times.
