HOT TOPICS
CATL Said to Weigh $5 Billion Hong Kong Share Sale
Contemporary Amperex Technology Co. Ltd. (CATL) is reportedly considering raising up to $5 billion through a share sale in Hong Kong and is also weighing the issuance of convertible bonds.
Beijing Responds to Reports on Iran
In response to reports that China plans to provide weapons to Iran, China’s Ministry of Foreign Affairs said that Beijing has always taken a prudent and responsible approach to military exports, enforcing strict controls in accordance with domestic laws and international obligations. The ministry expressed opposition to baseless smears or malicious associations.
NEWS SUMMARY
CaoCao Inc. is betting heavily on robotaxis and artificial intelligence, targeting annual profitability in 2026.
Huawei executive Richard Yu said that the company’s new large foldable smartphone, the Pura X Max, will be officially released on April 20.
OPEC has lowered its forecast for global oil demand in the second quarter amid plunging oil production in the Middle East in March.
A U.S. official said the U.S. military has deployed 16 warships to the Middle East.
Iran is demanding war reparations from five Middle Eastern countries.
The yield on 10-year Japanese government bonds hit a new high.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
