Caixin

Retired Bank Regulator Admits Taking $62 Million in Bribes, Court Statement Shows

Xue Jining’s corruption came to light during the investigation into the collapse of regional lender Baoshang Bank in Inner Mongolia

Apple Peels Off China Market Share From Sinking Huawei

iPhone sales in the world’s largest market surged 160% in the first quarter as the U.S. tech giant consolidated its control over high-end models

China Rips 90 Apps From App Stores for Data Violations

Top telecom regulator cites violations of users’ rights in ongoing crackdown on tech companies’ handling of user data

Electric-Car Maker Zotye Loses Potential Rescue Investor

Shanghai Zhiyang Investment cites unusual surge in Zotye shares for backing out of plan to help with restructuring of the former Ford joint venture partner

East China’s Anhui Province Reports Three Covid Cases

Trio of locally transmitted infections are the first such cases found on the mainland in over three weeks

May 14, 2021 03:40 PM

Explosives-Maker Orica Hammered by Pandemic, Sour Australia-China Relations

India has taken some of the coal rejected by China but the devastating Covid-19 outbreak on the subcontinent might curb its appetite for the Australian export

May 14, 2021 03:36 PM

Shanghai Composite Index Rose 1.77% on Friday

Shenzhen Component Index closed up 2.09%

May 14, 2021 03:03 PM

CX Daily: Chinese With Rare Diseases Face Painful Predicament — Affordable Yet Unavailable Drugs

Household size in China is shrinking. A retired banking regulator admits taking huge bribes

May 14, 2021 09:29 AM

Volvo Mulling IPO This Year After Abandoning Geely Merger

Share sale may put a $20 billion valuation on the Swedish automaking unit of Chinese billionaire Eric Li’s Geely Holding

May 14, 2021 07:58 AM

Alibaba’s Revenue Beats Estimates but Swings to Loss on Antitrust Fine

Shares fall again in N.Y. after results as executives seek to put China’s crackdown behind them and get back to business as usual.

May 14, 2021 07:39 AM

China Tells SOEs to Inspect Overseas Compliance Risks

Government-owned businesses face increased scrutiny and sanctions in the U.S. and elsewhere, prompting SASAC order

May 14, 2021 04:44 AM

Charts of the Day: China’s Shrinking Household Size

A falling fertility rate and graying population bode poorly for an already shrinking labor force, latest census data shows

May 13, 2021 08:31 PM

Sinopec Strikes Deal With Automaker Great Wall to Develop Hydrogen Energy

Oil giant plans to build hydrogen refueling stations for the automaker’s new energy vehicles

May 13, 2021 07:23 PM

Plant-Milk Maker Oatly Aims for $1.6 Billion Nasdaq Listing, Though Chinese Backing Could Prove a Problem

Swedish company could win a $10 billion valuation if U.S. regulatory concerns don’t sour progress

May 13, 2021 07:17 PM

Police Release Surveillance Video Footage of Student Just Before His Deadly Fall

Authorities in Chengdu release additional details about the 17-year-old who fell from the fourth floor of a local high school

May 13, 2021 05:44 PM

Caixin China Biz Roundup: Why is China Having Fewer Babies?

Although family planning policy was adjusted in 2016, the national birthrate continues to sink; 13 years  after the deadly Wenchuan earthquake struck, what happened to its survivors?; and the central bank calls for calm amid growing concerns over booming commodity prices

May 13, 2021 05:43 PM

Gallery: Nepal Sees Surge in Covid-19 Cases, Deaths

A jump in cases since April has strained the country’s health care system and caused a shortage of medical supplies. Nepal reported 9,483 new cases and 225 deaths on Tuesday, the highest single-day death toll since the outbreak of the epidemic. Some reports linked the surge to its neighbor India, where the disease continues to rage

May 13, 2021 05:09 PM

Evergrande Raises $1.4 Billion Selling Shares in EV Unit

Developer is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector

May 13, 2021 03:34 PM

Tencent-Backed Online House Call Platform Weighs $500 Million IPO

Miaoshou Doctor is an online platform that enables patients to consult with physicians remotely and get prescription recommendations

May 13, 2021 03:30 PM
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