Jul 13, 2023 16:16 PM- Imax Proposes $124 Million Buyout Plan for China Unit
- The transaction, expected to close later this year, will give the Canadian firm greater flexibility to pursue new opportunities and applications of its big screen technology in China
Jul 13, 2023 02:01 AM- Wanda Group Sells $307 Million Shares in Cinema Unit Amid Liquidity Pressure
- Conglomerate continues to sell assets as developers face sluggish real estate market
Jul 12, 2023 19:48 PM- In Depth: China’s Ban on Micron Roils Domestic Memory Chip Market
- Beijing’s restrictions on the American semiconductor giant have triggered a search for alternatives, with competitors stepping in and domestic companies stepping up
Jul 12, 2023 19:40 PM- Chinese Automakers Ride Overseas Demand as Global Expansion Pays Off
- Exports leapt 75.7% in the first half to 2.14 million vehicles, fueled by rising demand for NEVs and surging deliveries to sanction-hit Russia, industry data shows
Jul 12, 2023 05:05 AM- Another Regulatory Official Probed in China’s Sweeping Tobacco Industry Crackdown
- Former department head under investigation for “serious violation of law and discipline”
Jul 12, 2023 04:52 AM- Fitness App Keep Raises $38.3 Million In Lackluster Hong Kong IPO
- Valuation short nearly $400 million from latest funding round
Jul 11, 2023 04:40 AM- China’s Car Sales Slow as Price War Disrupts Market
- Passenger vehicle sales may be slightly up from a year ago, but figures are still lower than the same period in 2021, new industry data shows
Jul 11, 2023 04:01 AM- Fosun Partners with Rongcan Biotech to Eye Alternatives to Develop mRNA Drugs
- Sources say deal may be a failsafe if German BioNTech fails to receive approval for the Chinese mainland
Jul 10, 2023 16:00 PM- Chinese Auto Exports Forecast to Surge in 2023 Amid Crowded Local Market
- Shipments will jump 40% to more than 4 million vehicles, industry expert says
Jul 07, 2023 21:35 PM- Ant Group Hit With $984 Million Fine as Years-Long Overhaul Wraps Up
- The fintech giant was stung for violations in areas including financial consumer protection, business with banks and insurers, payment and settlement, anti-money laundering, and sales of investment funds
Jul 07, 2023 18:40 PM- China’s Energy Security Worries Shouldn’t Hinder Climate Goals, IEA Chief Says
- International Energy Agency Executive Director Fatih Birol says China should rethink expanding investment in coal power due to low utilization
Jul 07, 2023 16:46 PM- In Depth: How Aluminum Giant Zhongwang Inflated Sales Through Shady Dealings
- Following a U.S. crackdown that hamstrung its exports business, the company came to dominate China’s market for aluminum formworks through dodgy related-party transactions with its biggest customer
Jul 07, 2023 04:48 AM- Hong Kong Graft Busters Raid Office of Flavoring Giant Huabao
- Deputy finance chief Choy Man Har arrested in corruption probe days after Chongqing police release company’s ‘fragrance queen’ from house arrest
Jul 07, 2023 04:41 AM- Retired Top Tobacco Regulator Expelled From Communist Party
- Graft busters allege He Zehua accepted a ‘huge amount’ of bribes and long violated business regulations to amass a fortune
Jul 06, 2023 18:11 PM- Chinese EV-Battery Maker SVOLT Breaks Ground on Thai Factory
- The firm expects to complete the facility this year, following a handful of Chinese EV-makers that have also expanded into the Southeast Asian country
Jul 06, 2023 05:06 AM- SAIC Seeks Site for Electric Car Factory in Europe
- State-owned auto giant helps lead an overseas push including Great Wall and BYD in response to global demand for Chinese EVs
Jul 05, 2023 17:52 PM- China’s Summer Travel Forecast to Surpass Pre-Covid Levels
- The volume of trips made via train and air is expected to top 2019 numbers, according to official estimates, in a positive sign for China’s domestic consumption recovery
Jul 05, 2023 05:38 AM- China’s WeRide Cleared for Nationwide Road Test in UAE
- Autonomous vehicle startup wins first nationwide clearance to test self-driving autos in the Middle Eastern nation
Jul 04, 2023 20:31 PM- In Depth: China Mulls Scrapping Fixed Household Gas Rates as Winter Shortages Loom
- Prices set by the market could reduce distortions caused by upstream price spikes, but the change will have other costs
Jul 04, 2023 19:07 PM- Chinese VC Investor Launches AI Startup in ChatGPT Rush
- Industry pioneer Kai-Fu Lee unveils 01.AI, incubated by his Sinovation Ventures, as the race to develop large language models heats up in China
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