Nov 04, 2022 04:30 AM- EV Startup WM Motor Mulls Job and Pay Cuts Amid Financial Woes
- Seven-year-old automaker flounders as contemporary rivals Nio, Xpeng and Li gain traction in China’s hotly competitive market
Nov 03, 2022 20:52 PM- Three Chinese Miners Ordered to Divest From Canadian Lithium Projects
- Canada’s industry minister says Ottawa is concerned about securing critical minerals while pushing back on China’s industry dominance
Nov 03, 2022 09:40 AM- Yum China Profits Rebound in Third Quarter Amid Strong Takeout Sales
- The KFC and Pizza Hut franchise operator increased quarterly revenue to $2.7 billion, while ending four consecutive quarters of declining same-store sales
Nov 03, 2022 05:38 AM- Tencent and China Unicom Tie Up in New Joint Venture
- Social media giant and state telecom operator win antitrust approval for new business in data and cloud-related services
Nov 03, 2022 04:25 AM- China Expands Debt Guarantee Program for Property Developers
- State-owned China Bond Insurance Co. will back $2.75 billion of borrowings by a dozen real estate companies in government safety net for slumping industry
Nov 02, 2022 19:56 PM- Covid Lockdowns Stoke Merchant Concerns Ahead of Peak Shopping Season
- Logistics disruptions across the country could undermine sales in the annual ‘Double 11’ shopping promotion, one of the biggest money-earners in the retail calendar
Nov 02, 2022 18:59 PM- EV-Maker XPeng Shares Drop as Sales Fall by Half
- The stock slipped on news the startup delivered just 5,101 vehicles last month
Nov 02, 2022 15:46 PM- In Depth: Will Fosun’s $2.2 Billion Steel Unit Sale Save the Conglomerate?
- Offloading Nangang Iron & Steel may be the beginning of the end, or a fresh start for the debt-laden giant
Nov 02, 2022 04:51 AM- Driverless Truck Startup TuSimple Fires CEO
- Co-founder Hou Xiaodi ousted as board investigates links with rival Hydron, set up by TuSimple’s other co-founder, Chen Mo
Nov 02, 2022 04:17 AM- Naspers Denies Report It’s Selling Its Tencent Stake to Citic
- Largest shareholder of Chinese social media giant with 28% maintains its plan for gradual sell-down after making billions over two decades
Nov 01, 2022 18:53 PM- Debt Woes Grow for Chinese Developers CIFI, Greenland
- The debt crisis facing the country’s real estate market shows no sign of easing given persistent weak new homes sales
Nov 01, 2022 08:24 AM- Geely Plans to Spin-Off, List Premium EV Unit
- Zeekr’s first model rolled off the production line in October last year. Deliveries of the vehicle, which retail at 335,000 yuan, have topped 45,000 so far
Oct 31, 2022 20:50 PM- Foxconn Taps Alternative Sites as Covid Drives Staff to Flee World’s Biggest IPhone Plant
- The Zhengzhou plant is home to the world’s largest iPhone assembly production lines with over 200,000 workers
Oct 31, 2022 20:19 PM- Chinese Developer Makes Early Debt Payment After Chair’s Resignation Rattles Investors
- Longfor has paid back part of a loan due next year, after the personnel change hit its stock price, bond yields
Oct 29, 2022 04:07 AM- BYD Orders $689 Million of Auto Transport Ships
- Chinese EV giant joins the rush to crank up vehicle exports amid rising shipping costs, ordering six vessels with options for two more
Oct 28, 2022 20:20 PM- Chinese Ammonia Exports Surge as European Gas Shortage Hits Local Production
- Sky-high gas prices have compelled European firms to scale back production of the key fertilizer input
Oct 28, 2022 20:17 PM- China’s Smartphone-Makers Ship Fewer Units as Demand Remains Weak at Home and Abroad
- The companies’ total shipments dropped 11.9% year-on-year to 71.1 million handsets
Oct 28, 2022 03:43 AM- Swiss Energy Trader Mercuria Buys Back Stake From ChemChina
- Unit of state-owned chemical giant Sinochem Holdings took a 12% position in Mercuria in 2016 and once contemplated a cross-shareholding arrangement
Oct 27, 2022 19:57 PM- Chinese Pork Producers Report Surging Profits as Prices Rise
- A major cull of sows has driven market expectations that supply will soon tighten
Oct 27, 2022 17:45 PM- Germany Gives Chinese State-Owned Company Green Light for Hamburg Port Investment
- Cosco Shipping Ports has won preliminary approval for the controversial acquisition of a smaller stake than planned in a terminal at the country’s largest container port
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