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Li Auto Q3 Earnings: 24% Topline Growth, 1 Million Deliveries Milestone, Q4 Revenue Outlook Lags Street View
Li Auto Inc (NASDAQ: LI) reported Q3 2024 revenue growth of 23.6%, beating analyst consensus. Adjusted net earnings of $0.50 per ADS also exceeded expectations. Vehicle sales and income from operations increased. Q4 outlook shows expected revenue and vehicle delivery growth. LI stock down 5.39% in premarket. read more
Gig-work Platform EPWK Tests Investment Crowds With Upsized IPO Plan
Key Takeaways: EPWK, which helps small and medium-sized companies find gig workers, has raised its IPO fundraising target by about a third from its original plan in February 2023 While demand for crowdsourcing platform services has recovered from a pandemic downturn, China’s slowing economy has eroded the company’s margins read more
Taiwan Semiconductor Shares Dip In Premarket As Typhoon Kong-rey Brings Severe Disruptions To Taiwan’s Infrastructure
TSMC implemented its standard typhoon alert procedures, indicating no significant operational disruptions are anticipated. read more
Chinese EV Behemoth BYD Tops Tesla’s Revenue For First Time Since 2022 In Q3
Chinese EV giant BYD Co Ltd on Wednesday reported a net profit of $11.6 billion yuan ($1.63 billion) for the third quarter, marking a growth of 11.5% from the corresponding period last year. read more