May 17, 2021 19:50 PM- JD Logistics Aims to Raise Over HK$26 Billion in Hong Kong IPO
- Company plans to offer over 609 million shares, accounting for 10% of its enlarged share capital
May 17, 2021 19:15 PM- Electric-Car Maker Xpeng Says Autonomous Driving Software Will Be Sustained Source of Profit
- The automaker saw its stock surge last week on narrowing losses, booming vehicle sales
May 15, 2021 17:30 PM- Tencent Reshuffles Cloud Services Arm After Poor Pandemic Performance
- Senior executives had previously discussed personnel changes after the unit failed to keep pace with fast-growing rivals amid shift to online work, Caixin has learned
May 15, 2021 08:29 AM- Chinese Airlines May Suspend Cargo Flights to India
- Escalating pandemic creates problems delivering freight amid rising risks of disease transmission, driving up shipping costs
May 14, 2021 20:07 PM- Bilibili Shares Plummet as Quarterly Loss Balloons on Marketing Binge
- Aggressive spending to expand user base undercuts a 68% surge in revenue, sending the video streaming company’s stocks falling by as much as 7.5%
May 14, 2021 19:49 PM- Former Superstar Film Studio Puts Fundraising Plan on Ice
- Huayi Bros. has fallen on hard times following its rise as one of China’s earliest privately owned movie studios
May 14, 2021 18:32 PM- TikTok Owner Drops Alibaba Cloud Outside China
- ByteDance’s decision led to sharp slowdown in revenue growth for one of the e-commerce giant’s most promising newer businesses in its latest reporting quarter
May 14, 2021 18:13 PM- NDRC Pushes Provinces to Boost Energy Efficiency
- State planner tells seven provinces to work harder to meet power consumption goals after missing key targets
May 14, 2021 07:50 AM- 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
May 14, 2021 04:44 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 04:38 AM- 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
May 13, 2021 19:32 PM- 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
May 13, 2021 19:23 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 19:17 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 08:15 AM- Leshi and Fugitive Founder Jia Yueting Sued for Fraud
- First shareholder suit accepted by new Beijing Financial Court builds on fraud findings and penalties by China’s top securities regulator
May 13, 2021 08:10 AM- Automakers Face New Limits on Collecting User Data
- China’s cyberspace regulator proposes rules requiring customer approval for data collection and limiting what companies can do with it after Tesla faceoff
May 12, 2021 20:45 PM- Xiaomi in Talks to Stay Off U.S. Defense Department Blacklist
- Court document shows smartphone-maker and U.S. Defense Department are negotiating to undo the move that would have banned Americans from investing in Xiaomi
May 12, 2021 19:34 PM- Tesla’s China Woes Linger as Sales Slide in April
- The 27% plunge off March’s record high comes as the automaker wrestles with PR calamities and heightened official scrutiny
May 12, 2021 19:27 PM- Chinese Online Dating App Soul Seeks to Raise $100 Million in U.S. IPO
- Tencent-backed operator Soulgate Inc. is betting investors will buy into app’s growth potential even amid ballooning losses
May 12, 2021 16:39 PM- Duty-Free Giants Hand Out Free Flight Tickets to Lure Customers
- Operators offer destination-less travel in an attempt to salvage sales hit by Covid-induced restrictions
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