Bloomberg Daybreak: Asia Edition

BYD Earnings, Alibaba Pulls IPO

Mar 27, 2024

Linda Lew discusses BYD's earnings and growth plans, Sarah Zheng talks about Alibaba canceling its IPO, and Shujin Chen breaks down Chinese bank performance post-real estate crisis.

24:26

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Episode guests

Shujin Chen

Sarah Zheng

Linda Lew

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

BYD expands globally to improve profits through higher pricing in international markets.

Alibaba's cancellation of Cainiao IPO reflects market challenges and shifts towards core businesses with competition and regulatory uncertainties.

Deep dives

BYD's Financial Performance and EV Market Competition

BYD reported annual profit slightly below analyst estimates, impacted by intense price war and seasonal factors. Despite selling over 3 million electric and hybrid vehicles, they faced challenges in maintaining profits due to price cuts. The company's expansion into international markets like Europe aims to improve margins by commanding higher pricing.

Introduction

2min

BYD's Earnings Report and Global Expansion Strategy

9min

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

2min

Alibaba's Strategic Pivot: From IPOs to Core Businesses

4min

Challenges and Uncertainties in Company Restructuring and Growth

2min

Analyzing Bank Earnings and Collateral Requirements in China

5min

Bank Dividend Expectations and SOE Considerations

2min

Featuring:

Linda Lew, Bloomberg China Cars Reporter, sits down with us in Hong Kong top discuss BYD's earnings, and its path to growth throughout the APAC region.

Sarah Zheng, Bloomberg China Technology Reporter, joins us to talk Alibaba's decision to cancel its IPO of Cainiao.

Shujin Chen, Head of China Financial & Property Research at Jefferies joins us to break down how major Chinese banks are fairing in the wake of a real estate crisis.

Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-asia/id1663863437
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