Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: Weekend Long Read: What Jack Ma Taught Me in 1999
When Brian Wong first met Alibaba’s co-founder, the company was little more than a logo-less listing of products online. That didn’t stop Ma from selling him on joining up

: In Depth: What’s in Store for Yuan Internationalization in 2023?
A program to encourage yuan-denominated share issuance in Hong Kong and the launch of a Swap Connect scheme for offshore institutional investors should help boost the currency’s popularity

U.K. Court Clears Way for China Fortune Land’s Offshore Bond Restructuring

The developer’s plan to renegotiate nearly $5 billion in debt, which was agreed with creditors earlier in January, was sanctioned by the London High Court, paving the way for its implementation

: U.S. Seeks ‘Guardrails’ in China Talks to Avoid Conflict, State Department Says
U.S. Secretary of State Antony Blinken to discuss nuclear weapon stockpiles and climate change in visit early next month

China Weighs on U.S. Chipmaking Gear Specialist Lam Research

The No. 3 global manufacturer of equipment for making semiconductors reports revenue from its largest market fell 17% quarter-on-quarter to $1.27 billion in the fourth quarter

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China Stories: Strict Rules at Home Push Chinese Metaverse Entrepreneurs, Investors Overseas

Jan 27, 2023 04:56 PM

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LATEST NEWS

: Singapore Home Prices Grow Least Since 2020 as Boom Eases
Private property values rose 0.4% in the previous quarter marking the weakest growth since the second quarter of 2020
Jan 28, 2023 05:40 PM

: China Kicks Off 2023 Leading Global Peers in Equity Fundraising
Chinese firms have raised $8.1 billion so far this year, versus $4 billion by U.S. companies and $1.1 billion by those in Europe, according to Bloomberg
Jan 28, 2023 05:27 PM

: Fidelity Cuts Ant Group Valuation by 9% More to $64 Billion
Fintech giant’s worth was estimated at $235 billion before Chinese authorities scuttled its planned IPO in November 2020
Jan 28, 2023 06:14 AM

: Apple’s iPhone Dominated China Last Quarter Despite Disruptions
In the fourth quarter, the California tech giant seized 24% of China’s smartphone sales, topping all manufacturers
Jan 28, 2023 06:08 AM

: China’s Lunar New Year Revelers Spend Big on Travel, Leisure
Bookings for domestic tourist hotspots surged more than threefold, but Covid’s years-long impact on household income curtailed spending on cars and property
Jan 27, 2023 08:48 PM

: Gallery: Hopping on the Year of the Rabbit Bandwagon
Foreign brands got into the Lunar New Year spirit by releasing products featuring rabbit motifs and designs to match the Chinese zodiac sign for the coming year. Luxury fashion brands including Loewe, Tory Burch and Tommy Hilfiger released limited edition clothes and accessories themed around the Year of the Rabbit ahead of the holidays, while others like Coach cooperated with iconic domestic brands such as White Rabbit Candy to appeal to Chinese shoppers
Jan 27, 2023 08:36 PM

: Tech Insider: CATL Consortium to Mine Bolivia’s Lithium, Profits for Solar-Silicon Makers Soar
Chipmaker Hua Hong mulls $4 billion JV, iconic Blizzard games go offline in China
Jan 27, 2023 08:31 PM

: Gallery: China Braces for Post-Holiday Travel Rush
Transport hubs across the country are preparing for the multitudes of travelers returning home following the week-long Lunar New Year holiday, which ends Friday. Railway stations and airports are expected to be inundated with people, with Thursday already seeing more than 43 million passengers on trains, planes and ships — an increase of 86% from the same period last
Jan 27, 2023 06:38 PM

: China Stories: Strict Rules at Home Push Chinese Metaverse Entrepreneurs, Investors Overseas
The scramble to monetize the metaverse and web3 is in full swing, as a new phase of the internet based on cryptocurrency and blockchain technology takes shape
Jan 27, 2023 04:56 PM

: Five Chinese Nationals Killed in Northern California Shooting
Seven people died in the attack in Half Moon Bay, which happened just days after a deadly shooting in Los Angeles
Jan 27, 2023 02:46 PM

: China Mulls Protecting Solar Tech Dominance With Export Ban
Two Chinese ministries are considering adding some manufacturing methods key to producing advanced wafers to its list of prohibited technologies
Jan 27, 2023 12:36 PM

: Hang Seng Jumps to 11-Month High Boosted by Holiday Data
Hong Kong’s benchmark stock index jumped 2.4% Thursday on the back of China’s strong travel and box office figures
Jan 27, 2023 12:33 PM

: Hong Kong Exports Drop Most Since 1950s as Demand Weakens
Overseas shipments plummeted 28.9% last month, while imports slid 23.5%, official data show
Jan 27, 2023 12:25 PM

: CX Daily: China Boots Record Number of Companies From Its Bourses
The number of Covid deaths has dropped nearly 80% from a peak this month, China’s CDC says
Jan 27, 2023 10:55 AM

: Will BYD, or Xpeng, or Aito Emerge as Tesla’s Top Rival?
Whatever, it’s likely to be a Chinese company, Tesla CEO Elon Musk says, saying they ‘work the hardest, and they work the smartest’
Jan 27, 2023 03:55 AM