Mar 31, 2023 06:14 AM- Raging Price War Poses Survival Threat for Automakers
- Only a handful of EV and smart car winners may remain standing as China’s crowded vehicle industry faces a massive shake-out
Mar 31, 2023 05:57 AM- Fosun International Profit Plunges 95% in 2022
- Market turmoil and Covid outbreaks almost wipe out earnings for a conglomerate also mired in a debt crisis
Mar 30, 2023 19:25 PM- China’s Short-Video App Users Top 1 Billion
- The number makes up more than 70% of the total population and 95% of all internet users in the country
Mar 30, 2023 05:47 AM- Zhongwang, Top IPO of 2009, Kicked Off Hong Kong Exchange
- Aluminum giant controlled by Liu Zhongtian, once China’s richest man, didn’t report financial results since 2021 amid liquidity crunch
Mar 30, 2023 05:13 AM- SenseTime to Roll Out Its Own ChatGPT Rival in Mid-2023
- Chinese AI leader joins the global rush for chatbots sparked by the OpenAI product, along with China’s Baidu
Mar 30, 2023 03:59 AM- Huolala Parent Lalatech Files for Hong Kong IPO
- Operator of China’s largest platform connecting intra-city cargo delivery services with users once sought to raise $1 billion in a since-scuttled U.S. share sale
Mar 29, 2023 21:29 PM- Exclusive: Rival Bid Shapes Up for Steel Asset Being Sold by Debt-Strapped Fosun
- A unit of financial conglomerate Citic is fast-tracking a potential bid to buy 60% of Nanjing Nangang Iron & Steel, sources tell Caixin
Mar 29, 2023 20:31 PM- In Depth: New Business Comes With Old Risks for China’s Struggling Tutoring Industry
- Sales of ‘learning tablets’ helped keep companies going after the crackdown on for-profit education, but looming regulation and growing competition show the shift is no cure-all
Mar 29, 2023 20:27 PM- Succession Battle Erupts After Sudden Death of Battery-Materials Maker Founder
- Ningbo Shanshan Chairman Zheng Yonggang’s death in February has left his wife and son from a previous marriage fighting for control of the company
Mar 29, 2023 03:53 AM- Alibaba Splits Into Six Business Units in Biggest Overhaul
- The $220 billion e-commerce colossus will become a holding company and grant management and financing independence to the new enterprises
Mar 29, 2023 03:15 AM- GAC Aion Pulls the Plug on Smart Car Collaboration With Huawei
- Automaker’s EV unit will develop its own smart car system as Huawei doubles down on a competing business model for automotive partnerships
Mar 28, 2023 17:25 PM- China Coal Producers Book Bumper Profits on Elevated Prices
- Yankuang Energy and Shaanxi Coal report record earnings for 2022 as tight supplies and increased demand pushed up prices of the dirty fuel
Mar 28, 2023 04:14 AM- Saudi Aramco Boosts China Investment With $3.6 Billion Refinery Deal
- Sweeping set of strategic cooperation accords locks in Aramco relationship with Rongsheng Petrochemical as Russia mounts challenge to Saudi oil supply role
Mar 27, 2023 20:14 PM- Jack Ma Makes Rare Appearance on Chinese Mainland
- Alibaba co-founder resurfaces at a school in Hangzhou as Beijing wraps up a two-year clampdown on the country’s tech sector
Mar 27, 2023 07:39 AM- Cover Story: Chinese Automakers Rev Up Price War in Race for Market Dominance
- Elon Musk’s Tesla kicked off the intense competition, with BYD, XPeng and Nio joining the fray in a bruising contest that could reshape China’s auto market
Mar 25, 2023 03:24 AM- Meituan’s Revenue Jumped After Covid Boosted Meal Delivery
- Sales rose 21% in December quarter, beating estimates, and loss narrowed as world’s largest meal delivery service braces for post-pandemic changes
Mar 24, 2023 21:25 PM- Charts of the Day: China Evergrande’s Restructuring Plan Shows Magnitude of Its Crippling Debt Pile
- The world’s most indebted developer will give creditors of its $19 billion of offshore bonds new notes or a combination of debt and equity-linked securities
Mar 24, 2023 21:01 PM- China’s Automakers Urged to Dial Down Price War
- The China Association of Automobile Manufacturers issued the warning to ‘cool down’ intense competition sparked by efforts to boost sluggish sales
Mar 24, 2023 20:11 PM- In Depth: China’s Patchy Property Revival
- China’s financial authorities are hailing a rise in home sales and bottoming out of prices, but the positive data is focused in first and mid-tier cities. It’s likely too early to call a rebound, analysts say
Mar 24, 2023 04:16 AM- South Korea’s Hanwha Wins Three More Approvals for Daewoo Shipbuilding Deal
- China, Singapore and Vietnam join Britain, Japan and Turkey in clearing $1.53 billion takeover, leaving only South Korea and EU decisions up in the air
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