Sep 23, 2022 20:59 PM- Fast Expanding Budget Milk Tea Chain Mixue Brews 6.5 Billion Yuan Shenzhen IPO
- Mixue opened 12,700 stores in the first two years of the pandemic, turning a 1.9 billion yuan profit in 2021
Sep 23, 2022 02:54 AM- Shipping Costs for Giant Oil Tankers More Than Double This Month
- China and other importers stocking up for winter face surging ship charter rates as Russia’s war in Ukraine dramatically restructures world oil markets
Sep 22, 2022 04:56 AM- China’s State Iron Ore Giant Sets Up First Subsidiary in Zhejiang
- New unit of China Mineral Resources Group to develop facilities for iron ore reserves and trading in Zhoushan free trade zone
Sep 22, 2022 02:21 AM- E-Commerce Giant Shopee Cuts Jobs in China, Indonesia and Singapore
- Southeast Asia unit of Tencent-backed Sea Ltd. ramps up belt-tightening following a rapid global expansion as it aims to cut flow of red ink
Sep 21, 2022 19:28 PM- China’s Courier Sector Delivers Growth in Per Order Revenue
- The gains followed the scaling back of a sectorwide price war and improvements in the order fulfillment process, one analyst says
Sep 21, 2022 04:01 AM- Cosco Shipping to Order 15 More Containerships
- Vessels will cost $2.9 billion and be built by an affiliated shipyard as the state-owned giant expands its fleet amid heavy supply chain demand
Sep 20, 2022 20:08 PM- China’s Largest Developer Issues State-Backed Bond After Rating Cut
- S&P Lowers Country Garden’s rating to BB due to the builder’s ‘narrowing liquidity buffer’
Sep 20, 2022 19:45 PM- European Demand for Chinese Solar Panels Soars as Russia Withholds Natural Gas
- China shipped 51.5 gigawatts worth of photovoltaic modules to the continent in the first seven months, 26% more than for the whole of 2021
Sep 20, 2022 05:09 AM- Fosun Cuts Insurance Stake Amid Mounting Debt Concerns
- Private conglomerate unloads $57 million of HK-traded shares of New China Life after Beijing city government warns of risks
Sep 19, 2022 19:39 PM- Distressed Chinese Developers Scramble for a Piece of $28.5 Billion Industry Bailout
- Loans aim to restart construction of projects that stalled amid a sector-wide crisis of liquidity and confidence
Sep 17, 2022 18:32 PM- Shenzhen Sets Up Platform to Help Cash-Strapped Developers Finish Stalled Projects, Sources Say
- Shenzhen Anju Jianye Investment Operation won’t inject funds to restart construction, but will instead help facilitate additional loans
Sep 16, 2022 20:31 PM- Local Government Financing Vehicles Struggle to Pay Their IOUs
- More LGFVs are failing to redeem maturing commercial paper issued to their suppliers in lieu of cash payments, highlighting growing strain on their finances
Sep 16, 2022 17:23 PM- As Class Action Looms, Miniso Says Fraud Claims Unfounded
- Investigation overseen by retailer’s independent directors found short-seller’s accusations that it lied about business model were ‘not substantiated’
Sep 15, 2022 20:43 PM- Yunnan Orders Aluminum Smelters to Cut Power Use Again
- The province has directed smelters to reduce electricity use by up to 30% from Thursday
Sep 15, 2022 19:52 PM- Cyberspace Watchdog Proposes Tougher Penalties for Data Breaches
- The Cyberspace Administration of China wants to increase fines to $145,000 for a variety of violations
Sep 15, 2022 03:32 AM- Starbucks to Make China Its Biggest Market by 2025, Surpassing U.S.
- American coffee giant pours billions of yuan into 3,000 new stores, a coffee creative park and digital technology innovation
Sep 14, 2022 20:31 PM- Chinese Miner Joins Vale in Building Second Nickel Refining Plant in Indonesia
- Huayou Cobalt’s project in the country again makes use of an extraction technique known for causing environmental damage
Sep 14, 2022 20:25 PM- European Energy Crisis Boosts Demand for China-Made Electric Blankets
- Heaters and other electric appliances have become hot products for customers in Europe who don't want to freeze this winter
Sep 13, 2022 20:19 PM- Tougher Covid Measures Drag Mid-Autumn Festival Spending
- Domestic tourism spending fell 22.8% from last year’s holiday weekend to $4.2 billion
Sep 13, 2022 20:04 PM- Fosun Tries to Reassure Investors After Beijing Warns SOEs of Its Risks
- The conglomerate says a notice from the local state assets administrator was a routine request for information
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