Nov 23, 2021 19:06 PM- Q&A Site Zhihu Burns More Cash to Grow User Base
- A spending spree on sales and marketing pushed the platform further into the red in the third quarter
Nov 23, 2021 18:50 PM- FangDD Stock Dives on Sharp Losses
- The online marketplace attributed the plunge in revenue to the broader ‘continuous downturn’ in the real estate sector that led to a reduction in business
Nov 22, 2021 20:34 PM- Fund Exec Linked to China’s Chip Self-Sufficiency Drive Probed for Graft
- Gao Songtao served as vice president of state-backed private equity fund Sino IC Capital, the sole manager of a fund established to help grow China’s semiconductor industry
Nov 22, 2021 19:48 PM- Shares of Evergrande’s Electric Car Unit Jump 11% on Fundraising Plan
- Cash-strapped Evergrande New Energy Vehicle announced $347 million stock sale as it rushes to roll out mass production of its first model
Nov 20, 2021 19:13 PM- Pilot Program Will Open Mainland Shipping to Foreign-Flagged Vessels
- Foreign firms have called on China to open up its coastal shipping business since it joined the WTO in 2001
Nov 20, 2021 06:35 AM- Kangmei Verdict Spurs Wave of Independent Directors to Quit
- Court ruling that five outside board members share liability in drugmaker’s massive fraud shows the need for overhauling corporate governance systems
Nov 19, 2021 20:08 PM- In Depth: Chinese Firms Hype Metaverse Ambitions, Official Grumbling Aside
- Tech and gaming companies are pouring cash into their vision for the immersive VR world, but regulators appear to be eyeing the business with suspicion
Nov 19, 2021 19:17 PM- CATL Loses Bid to Buy Millennial Lithium to Canadian Mining Company
- Lithium Americas offered 22.1% more than CATL’s previous offer for the firm, as the market for the battery metal continues to heat up
Nov 19, 2021 16:00 PM- Chinese Solar Products Could Get an Export Boost After U.S. Court Ruling, Analysts Say
- The prediction follows the reinstatement of a tariff exemption by the U.S. Court of International Trade
Nov 19, 2021 06:34 AM- Alibaba Stock Tumbles After Softer Growth Forecast
- E-commerce giant scales back revenue outlook by almost a third, citing the pandemic and China’s changing regulatory environment
Nov 18, 2021 20:24 PM- Alibaba Builds Presence in Ride-Hailing Sector Amid Didi’s Regulatory Woes
- E-commerce giant agrees to pay 40 million yuan for 10% of Shanghai-based Letzgo
Nov 18, 2021 20:17 PM- China Approves Boeing’s Proposed Fixes for 737 Max
- Regulator has expressed satisfaction with the U.S. company’s proposed design changes for the model, which was grounded after two fatal crashes
Nov 18, 2021 18:58 PM- Seeking to Raise Cash, Evergrande Offloads Remaining Stake in Video Streaming Firm
- The immensely indebted Chinese real estate developer agrees to sell its 18% stake in HengTen Networks for $273 million
Nov 18, 2021 06:20 AM- Evergrande Chief Borrows $105 Million Against Hong Kong Properties
- Hui Ka Yan puts up two more luxury houses as collateral in the property giant’s ongoing struggle to keep up with interest payments
Nov 18, 2021 06:15 AM- Hisense May Bid $1 Billion for Siemens Intelligent Traffic Unit
- A deal would square with Chinese appliance giant’s expanding global footprint and strategic interest in smart traffic operations
Nov 18, 2021 05:23 AM- Baidu Reports Swing to Loss Despite Better-Than-Expected Revenue
- Search engine giant takes a noncash hit on Kuaishou investment and warns of fourth-quarter headwinds from pandemic and tech sector crackdown
Nov 18, 2021 00:17 AM- U.S.-Listed Chinese E-Grocers Bleed Red Ink Despite Rising Orders
- As losses balloon, Missfresh and Dingdong say they will improve margins by increasing sales of goods under their own brands
Nov 17, 2021 21:11 PM- Battery-Maker CATL Cuts Fundraising Target After Questions From Shenzhen Bourse
- The company, which wants money to double its capacity, is now seeking to raise 45 billion yuan rather than 58 billion yuan
Nov 17, 2021 18:12 PM- China’s Sinopec Appoints New Chairman After Four Month Vacancy
- Ma Yongsheng takes the post after serving as general manager since 2019
Nov 17, 2021 05:11 AM- BeiGene’s $3.1 Billion Shanghai Share Sale Wins Approval
- With listing on STAR Market, loss-making cancer-drug developer would be the first Chinese biotech to trade shares on the mainland and in Hong Kong and New York
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