Caixin

Update: Ant Group Sets Share Prices for World’s Largest IPO

Equity sale at about $10.30 a share in HK and Shanghai will raise a record $39.41 billion and value the fintech giant at $314.5 billion

Two Chinese Short-Video Giants Consider Hong Kong IPOs

ByteDance weighs listing for Douyin as Tencent hopes to generate $5 billion from selling shares of Kuaishou amid surging demand for both apps

Editorial: To Build China Into a Microchip Powerhouse, Pop the Policy Bubble

We must crack down on local governments that overly interfere with the market, allowing companies with no experience, no technology, and no talent to waste resources

China Is Set to More Than Double Jail Time for Assaulting Cops

After 427 police officers died in the line of duty last year, top lawmakers propose making attacks a separate crime with 7 years in jail

Oct 27, 2020 04:14 AM

China to Sanction Boeing, Lockheed, Raytheon Over Taiwan Arms Sales

U.S. State Department last week cleared $1.8 billion of new arms sales to Taiwan, spurring Beijing response ‘to uphold national interests’

Oct 27, 2020 04:02 AM

Momo Breaks Up With Founder as Dating App’s Revenue Continues to Slide

Staff say CEO Tang Yan, who will become chairman, hasn’t been involved in day-to-day matters for years

Oct 26, 2020 07:44 PM

Far West China Region to Test 4.7 Million Residents for Covid-19 After 100-Case Flare-Up

Border area of Kashgar closes schools after recording China’s first local transmissions in over a week

Oct 26, 2020 07:24 PM

BMW’s Chinese Venture Partner Defaults on 1 Billion Yuan Bond

Brilliance Auto failed to pay back the principal and interest that was due Friday

Oct 26, 2020 07:17 PM

China Rail Operator Opens Gate to Flexible Ticket Prices

The lucrative Beijing-Shanghai rail line will become the latest in nation’s high-speed network to move to a system where prices aren’t static

Oct 26, 2020 07:02 PM

Beijing Imposes Sanctions Against U.S. Defense Suppliers Over Arm Sales to Taiwan

The Defense Department on Wednesday approved the $1.8 billion arms sale, which is awaiting final approval from lawmakers

Oct 26, 2020 06:56 PM

China Mulls More Ways for Foreigners to Invest in Its Capital Market

China will ‘further improve and foster an environment with fair competition for domestic and foreign securities and fund institutions,’ CSRC Vice Chairman Fang Xinghai says

Oct 26, 2020 06:36 PM

Caixin China Biz Roundup: Fatal Bear Attack Leads to Scrutiny of Shanghai Wildlife Park

In today’s episode: safety concerns sparked after zoo employee is killed by animals; China’s $157 billion market for exchange-traded funds becomes directly accessible to overseas investors; and as Huawei takes a hit from U.S. sanctions, a local panel-maker says its smartphone screen orders have ballooned as its hometown peers race to seize the tech giant’s market share

Oct 26, 2020 06:36 PM

Gallery: Mass Testing in China’s Far West

The city of Kashgar in Northwest China’s Xinjiang Uygur autonomous region has begun testing its 4.75 million residents for Covid-19 after a new asymptomatic case was reported. As of Sunday afternoon, more than half of the city’s population had taken nucleic acid tests, 137 of whom tested positive, local authorities reported

Oct 26, 2020 05:12 PM
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