Nov 11, 2022 20:03 PM- Developer Longfor Gets 20 Billion Yuan Bond Lifeline
- The Chinese company’s shares surged almost 30% on Friday on optimism struggling builders are getting more help from a 250 billion yuan bond guarantee program
Nov 11, 2022 15:49 PM- Fitch Downgrades Zijin Mining Amid Debt-Fueled Spending Spree
- The ratings agency cut the Chinese miner’s rating from investment grade to junk after the company announced $4.5 billion in acquisitions and investments this year
Nov 11, 2022 05:27 AM- China Outlines Carbon Peaking Roadmap for Building Materials
- Industry accounting for 13.2% of China’s carbon dioxide emissions is the first with a specific plan for meeting climate goals
Nov 10, 2022 20:16 PM- Germany Blocks Chinese Acquisition of Auto Chip Fab
- A subsidiary of China-based semiconductor manufacturer Sai Microelectronics was set to buy the production line for $85 million
Nov 10, 2022 19:54 PM- China’s No. 1 Nickel Trader Gets Green Light for Hong Kong Listing
- Lygend says it will use the IPO proceeds to boost production of nickel products, as the company deepens its footprint in manufacturing
Nov 10, 2022 04:22 AM- Country Garden Pulls Out of S&P Rating Following Downgrade
- Property development giant — which hasn’t defaulted on debt — blasts S&P over score that it says doesn’t fairly reflect its true credit status
Nov 09, 2022 19:45 PM- BYD Launches Luxury EV Line in Challenge to High-End Foreign Brands
- The Chinese carmaker joins its peers in efforts to impress wealthy domestic buyers who have long preferred the likes of BMW and Mercedes-Benz
Nov 09, 2022 05:39 AM- China’s Super Rich Are Poorer, and There Are Fewer of Them
- Economic vicissitudes of war, pandemic and slumping stock and real estate markets shrink fortunes of billionaires on Hurun Rich List
Nov 09, 2022 04:06 AM- Gap Sells Money-Losing China Business to Baozun for $50 million
- Chinese e-commerce services provider, a Gap partner since 2018, will get rights to design, make and sell Gap products in China
Nov 08, 2022 20:34 PM- Cosmetics-Makers Slash Double 11 Marketing Budgets as Consumer Spending Slumps
- Skin care and makeup producers turn to discounts and pare inventories ahead of the annual November shop-fest
Nov 08, 2022 20:01 PM- China’s GPS Challenger Now Ships on Almost Every New Phone Sold in the Country
- Policymakers tout their efforts to make the BeiDou system the centerpiece of a domestic navigation market worth half a trillion yuan as they renew international push
Nov 08, 2022 19:24 PM- Chinese Carmaker Zotye Denies a Battery Rumor That Saw Shares Skyrocket
- Speculation the company would import a foreign-made production line to challenge CATL prompted questions from the bourse
Nov 08, 2022 04:09 AM- Foxconn Offers Cash and Rides to Lure Back Runaway Workers
- Flight of workers panicked over Covid disrupts main iPhone 14 factory in Zhengzhou, prompting Apple supplier to offer $55 daily bounties for showing up
Nov 04, 2022 19:06 PM- Lenovo’s Quarterly Revenue Falls for First Time in Two Years
- World’s No. 1 PC-maker reports 4.4% drop to $17 billion due to weak global demand and depreciating yuan
Nov 04, 2022 06:24 AM- Fosun Pharma Scraps $158 Million Acquisition of Singapore Cancer Clinic
- Unit of debt-laden Fosun International cites unmet conditions in dropping plan to take over 60% of OncoCare Medical
Nov 04, 2022 05:02 AM- State Railway Operator Posts Record Loss on Covid Disruptions
- Red ink increases 36% for the first three quarters, and profit almost vanishes for the cash-cow high-speed Beijing-Shanghai route
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
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