The securities sector recovered in the afternoon, and the capital of China's investment rose by more than 5%

The Melancholic Saga of Xiaomi in India

In January 2024, Xiaomi unveiled the Redmi Note 13 5G series in India, achieving an outstanding sales feat of nearly CNY 900 million within a mere two days. Expressing gratitude on Twitter, Xiaomi India thanked its consumers, hailing the series as "super smartphones that redefine excellence." The commitment echoed the promise to persist in delivering innovation and premium products to the Indian market.

Validus Secures $50 Million Loan from HSBC for Indonesian MSMEs

Validus, a leading digital financing platform, has secured a US$50 million debt facility from HSBC.

Placement agent Eastbound Equity launches in Singapore

Capital raising advisor Eastbound Equity has officially launched its operations in Singapore, aiming to connect private fund managers and businesses with investors by bridging the gap between the East and West.

New Import Tax Regulations in Brazil: Cross-Border Shopping to Enjoy Tax Discounts

EqualOcean reports that starting August 1, 2024, under Brazil's newly passed Law No. 914/2024, purchases over USD 50 on international cross-border shopping platforms that are part of the "Conforme Remessa" import tax compliance program will benefit from reduced import taxes.

Chinese Startup Banma Raises Another CNY 3 Billion

On July 14, Banma Intelligent Automobile announced a new round of funding led by Alibaba, SAIC Group, state-backed SDIC Fund Management Co. and Yunfeng Financial Group.