Apr 01, 2022 04:21 AM- Chairman and CEO of Perfect World Pictures Dies at 48
- In six years at film and game conglomerate, Lian Jie produced successful programming and pioneered co-production with Universal Pictures
Mar 31, 2022 20:40 PM- Covid Controls Leave Shanghai Port Plagued by Delays
- Port authorities have implemented a ‘closed-loop system’ for stevedores similar to the Beijing Winter Olympics
Mar 31, 2022 20:35 PM- Country Garden Snaps Up Property Assets From Partners Amid Market Turmoil
- China’s largest real estate company by sales had acquired 35 such projects, illustrating it is one of the few private developers to maintain its financial health
Mar 31, 2022 20:31 PM- China’s Real Estate Woes Eat Into Vanke’s Earnings
- Chairman Yu Liang attributed a 45.7% profit plunge to dwindling margins, falling returns on investment
Mar 31, 2022 06:04 AM- State Oil Giant CNOOC Cleared for $5.5 Billion Share Sale in Shanghai
- China’s biggest offshore driller posts record 2021 earnings as profits jump 182% on rising output and soaring world oil prices
Mar 30, 2022 20:28 PM- Pricey Ingredients, Expansion Cost Chinese Tea Chain Nayuki Its Profitability
- Seller of fresh-fruit teas, cold-brew beverages and baked goods, reported an adjusted net loss of $22.8 million for 2021
Mar 30, 2022 20:13 PM- Distressed Chinese Developer Sunac Sweetens Proposed Bond Extension Plan
- China’s third largest developer by sales offers to shorten the extension period from two years to 18 months
Mar 30, 2022 19:34 PM- Nongfu Springs Sees Profits Flood in as Beverage Industry Recovers From Pandemic
- The bottled water giant reported roughly one-third surges in revenue and net profit for 2021
Mar 30, 2022 05:25 AM- Xpeng’s Electric Vehicle Sales Near 100,000 Despite Widening Loss
- Upstart tops deliveries of rivals Nio and Li Auto, but lower pricing and heavy research and marketing costs result in buckets of red ink
Mar 30, 2022 02:58 AM- CSRC Denies Rumors of Restrictions on IPOs by Xiaomi-Linked Companies
- In response to social media reports, top securities regulator says it isn’t standing in the way of share sales by businesses where the smartphone giant has investments
Mar 29, 2022 20:40 PM- No Relief for China’s Debt-Ridden Developers as Housing Sales Stay Weak
- Major player Sunac delayed its 2021 financial results amid debt repayment uncertainty, while Yango defaulted on bonds
Mar 29, 2022 13:12 PM- In Depth: The Shake-Out of China’s Community Group-Buying Market
- ‘Old-timers’ falter as newcomers and tech giants rush in, but regulatory scrutiny and buckets of red ink have cooled a once-booming e-commerce sector
Mar 29, 2022 06:19 AM- Huawei’s 2021 Net Profit Soars 76% Even as Revenue Plummets
- The sanctions-hit Chinese tech major reports first drop in annual sales since 2002 while offloaded assets helped bolster earnings
Mar 29, 2022 05:59 AM- Guinea Agrees to Resume Simandou Iron Ore Project With New Infrastructure Pack
- China’s Aluminum Corp. and Weiqiao Pioneering agree to join other developers of giant iron ore reserve in $15 billion infrastructure project
Mar 28, 2022 20:25 PM- With Shanghai’s Locked-Down Residents in Need of Fresh Food, Online Grocers Struggle to Deliver
- Companies like Meituan, Hema and Dingdong are recruiting temps and bringing in employees from outside the city as they try to fill the gaps left by logistics personnel stuck at home
Mar 26, 2022 18:39 PM- Public Road Testing for Advanced Smart Vehicles Hit 5,000 Kilometers Milestone
- The road testing for ‘intelligent connected vehicles’ is part of a broader smart city plan, which applies a variety of intelligent infrastructures, including 5G, big data and artificial intelligence
Mar 25, 2022 20:25 PM- Energy Security Vies With Green Goals in China’s New Five-Year Plan
- The latest roadmap for the energy sector offers big boosts of support for hydrogen and nuclear, and forgoes any cap on coal
Mar 25, 2022 19:56 PM- China Coal Energy Has Record-Breaking Year on Shortage-Fueled Price Surge
- The listed state-owned firm reports its 2021 net profit more than doubled to $2.1 billion as revenues jumped 64%
Mar 25, 2022 18:21 PM- Soho China Units Fined for Gouging Tenants on Electricity Prices
- Market regulator hits 15 of the developer’s property services unitswith $18 million in penalties for overcharging their commercial clients for power
Mar 25, 2022 03:08 AM- Luckin Coffee’s Outlets in China Top Starbucks
- Fourth-quarter revenue jumps and loss narrows as Chinese startup moves past 2020 fraud scandal and prepares to seek relisting of its stock in the U.S.
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