Zhengqi Financial

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.

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.

Chile's GDP Growth Forecast at 2.2% Over Next Decade, Below Major Latin American Economies

Recently, 28 international and domestic financial institutions released the Consensus Forecasts report, predicting that Chile's gross domestic product (GDP) will grow at an average rate of 2.2% over the next decade. This forecast places Chile behind major Latin American economies such as Peru (2.9%), Colombia (2.8%), Argentina (2.4%), and Mexico (2.4%), and just above Brazil (2%).

Brazil's Inflation Rate Rises to 0.46% in May

On June 11, the Brazilian Institute of Geography and Statistics (IBGE) reported that Brazil's inflation rate increased to 0.46% in May, primarily driven by rising food prices.