Feb 05, 2021 21:49 PM- SMIC Shares Fall on Weaker Results as U.S. Sanctions Limit Growth
- Chipmaker is relying on older products as it no longer can build more of the sleeker, more advanced circuits it needs to keep its smartphone business humming
Feb 05, 2021 20:42 PM- Luckin Coffee Files for Bankruptcy in New York
- Company claims stores will continue operating as usual in China, with no impact on daily operations
Feb 05, 2021 20:27 PM- China Satellite Developer Gets State-Backed Investment
- Commsat did not disclose exactly how much it raised in the seventh funding round, only saying it was in the hundreds of millions of yuan
Feb 04, 2021 20:35 PM- In Depth: Short Video Pioneer Kuaishou Primed for Biggest Tech IPO Since Uber
- Rival to TikTok’s Chinese twin aims to raise $5.4 billion in Hong Kong, giving it a valuation of $61 billion
Feb 04, 2021 20:08 PM- Midea Spends $356 Million To Plug Into Medical Equipment Sector
- Home appliance giant highlights its ambitions for the industry by buying a stake in Beijing Wandong Medical at a 43% premium
Feb 04, 2021 19:51 PM- Huawei Founder Apologizes for Using Company to Help His Daughter
- Ren Zhengfei’s rare apology comes after media reported the telecom giant had registered 89 trademarks linked to his daughter Annabel Yao
Feb 04, 2021 19:45 PM- Export Growth Predicted to Help Boost China’s Power Demand by 7%
- Global recovery aided by Covid-19 vaccinations will push power-hungry companies to replenish their supplies, China Electricity Council says
Feb 04, 2021 15:51 PM- KFC Operator Yum China Posts Profit, Revenue Gains on New Store Openings
- The nation’s largest fast-food operator saw revenue and profits rise 11% and 68% in the fourth quarter, respectively, even as same-store sales fell 4%
Feb 04, 2021 06:04 AM- Kuaishou Accused of Copyright Violations Ahead of Hong Kong Debut
- Chinese copyright group asks operator of world’s No. 2 short-video app to delete 10,000 videos just as $5.4 billion of shares are set to start trading
Feb 04, 2021 05:43 AM- WeRide Aims to Provide Paid Driverless Minibus Service in 2021
- Guangzhou-based startup backed by Nissan has strategic partnership with state-owned Guangzhou transit provider
Feb 03, 2021 21:03 PM- ByteDance Sues WeChat Owner for Blocking Content in Escalating Standoff
- Legal fight between ByteDance and Tencent, China’s two leading social media platforms, comes as government mounts anti-monopoly campaign
Feb 03, 2021 20:04 PM- Liquor Giant Moutai Battles Speculators to Keep Head-Spinning Prices in Check
- World’s most valuable spirits-maker has taken increasingly intense measures to cap bottles of its namesake beverage at $230
Feb 03, 2021 19:48 PM- Housebound Hordes Lift Lenovo to Record Profits, Revenue
- Leading global PC maker reports revenue and profit rose 22% and 53%, respectively, in its latest quarter sparking a rally that pushed its shares to a nearly six-year high
Feb 03, 2021 18:44 PM- Lufax Results Show It Escaped Peer-to-Peer Lending Business Unscathed
- In its maiden quarterly report, wealth management transaction and service fees jumped 20.3% in fourth quarter, partly offset by declining fees from its legacy P2P lending business
Feb 03, 2021 14:42 PM- Update: Alibaba Sales Boom on Back of New Grocery Acquisition
- Despite recent clampdowns, fourth-quarter revenue jumps 37%, fueled by recent purchase of Sun Art
Feb 03, 2021 05:56 AM- Tencent Fires 100 on Graft Allegations Following Internal Probes
- Internet giant’s second anti-corruption report shows 22 cases of embezzlement and bribery and results in blacklisting of 37 companies from partnerships
Feb 02, 2021 20:28 PM- HNA-Backed Hong Kong Airlines in Danger of Getting Wings Clipped
- Local regulator is ‘closely monitoring’ carrier amid mounting concerns over major shareholder HNA Group’s likely restructuring
Feb 02, 2021 20:13 PM- China Hypermarket Leader’s Profits Slide as It Looks to Embrace Group-Buying
- Sun Art moves to make its brick-and-mortar stores more group-buying friendly by putting more small and midsize stores in less developed cities
Feb 02, 2021 19:49 PM- Fast-Fading Huawei Holds Onto Smartphone Crown — in China
- Sanctions-hobbled telecom giant’s shipments plunged 34.5% in last year’s fourth quarter as it fended off challenge from Apple in the world’s largest market
Feb 02, 2021 18:46 PM- Luckin-Tainted Former Car Rental Superstar to Drive Off Hong Kong Exchange
- Car Inc.’s shares more than doubled in the year after their 2014 IPO, but now the company is privatizing after its growth stalled
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