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BYD Earnings, Alibaba Pulls IPO

Bloomberg Daybreak: Asia Edition

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Challenges for Smaller EV Makers in China and Alibaba's IPO Cancellation

Exploring the struggles faced by smaller EV manufacturers in China amidst fierce competition, potential bankruptcies, and the wider implications for the industry. The discussion then shifts to Alibaba's decision to cancel the IPO for its logistics arm, Signeow, shedding light on market challenges and Alibaba's strategic restructuring moves.

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