Nokia stock surged 15% on Friday, as the telecommunications maker raised full-year guidance after reporting an unexpected rise in profit. ( read original story …)
Monthly Archives For July 2020
China’s electric SUV maker Li Auto raises $1.1 billion in US IPO
Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 … ( read original story…
The heroes of Beijing 2008
In an exclusive interview with WION’s Sports Editor Digvijay Singh Deo, Olympic medallist Sushil Kumar and Vijender Singh recalled the historic 2008 Beijing Games while explaining how it changed their … ( read original story…
TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai, sources say
Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters. ( read original story …)
CORRECTED-China says to penalise Luckin Coffee for accounting fraud
China’s Ministry of Finance will impose administrative penalties on Luckin Coffee after it confirmed an accounting fraud that forced the onetime market player to delist from NASDAQ. The ministry … ( read original story …)
Luxury Brands Get Hyperactive on Chinese Social Media
Fashion labels that depend on China’s overseas tourists for a huge chunk of sales must now follow them home. ( read original story …)
Exclusive: SenseTime eyes STAR market IPO after $1.5 billion fundraising – sources
Chinese start-up SenseTime is considering an initial public offering (IPO) on China’s tech-focused STAR market after its latest fundraising that will value the company at $10 billion, three people … ( read original story …)
Feinstein: Letting Americans sue China over coronavirus response would be ‘huge mistake’
Allowing citizens to sue China for damages caused by the novel coronavirus would backfire and open up the United States to the same level of scrutiny from other countries around the world, Sen. Dianne ……
Hong Kong Postpones Elections Over Virus As China Crackdown Deepens
Hong Kong’s democracy supporters were dealt a huge blow Friday as authorities postponed local elections because of the coronavirus, capping a devastating month of political disqualifications, arrests … ( read original story …)
China’s outstanding property loans by end-June up 13.1% year-on-year
China’s outstanding property loans by the end of June rose 13.1% from a year earlier to 47.40 trillion yuan ($6.79 trillion), the People’s Bank of China (PBOC) said on Friday. ( read original story …)
Chinese Property Giant Vanke Takes Stake in Ailing Rival Tahoe
A unit of one of China’s largest property companies agreed to buy 19.9% of Tahoe, offering hope to many households that have made big outlays on unfinished apartments. ( read original story …)
China’s 5G subscriber numbers to get a correction as carriers ordered to ‘clean up’ sales practices
When Guangzhou resident De De called up his network provider China Mobile last month wanting a cheaper mobile plan, he ended up following the advice of the customer service officer and signed up for a…
With new export controls, US takes another step to clamp down on China
New US rules restricting exports to China to prevent sensitive technologies from being used by the Chinese military are the latest development in the deteriorating relationship between the two … ( read original story …)
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