Claire Yuan, S&P Global Ratings credit analyst, said, "By our estimate, rated carmakers will be spending more than US$20 billion building electric vehicle [EV] production in South and Southeast Asia for the next few years. The expansion will likely enhance the business strength of some r
The e-commerce giant on Thursday reported a profit of USD 3.2 billion for the first quarter, far exceeding analysts' estimates, CNN Business reported on Friday.