Didi is gearing up its grocery delivery business as a new revenue source as growth in core ride-hailing business plateaus.
Monthly Archives For May 2021
China propels BMW to strong profits, Germany lags
Booming sales in China helped propel German luxury carmaker BMW to stronger profits in the first three months of the year even as its home market Germany trailed the ongoing recovery in global car …
China edges closer to wealth link with Hong Kong
China has moved a step closer towards a scheme that could result in tens of billions of dollars in household savings flowing into Hong Kong, marking the latest effort to integrate the country’s …
Stock Markets Today: Vaccine Patents, Covid-19 Variants, China Tensions, Crypto
Eight years ago this month, global yields jumped and risky assets fell on a hint from then-Fed Chairman Ben Bernanke that the central bank might start trimming its bond purchase program, so investors …
China’s Waterdrop raises US$360 million in New York IPO -sources
Chinese online insurance technology firm Waterdrop Inc has raised US$360 million by pricing its shares at US$12 a piece in its New York initial …
China opens Everest’s north side to 38 virus-tested climbers
China has opened Mount Everest’s northern slope to a few dozen mountaineers who will be tested for the coronavirus and must keep their distance while ascending the world’s highest peak …
China’s lottery sales top 84 bln yuan in Q1
China’s lottery sales came in at 84.52 billion yuan (about $13.07 billion) in the first quarter of the year, data from the Ministry of Finance (MOF) shows, …
Suning International Showcases New One-Stop Solution for Overseas Brands to Enter China at the China International Consumer Products Expo
Suning International, the international business arm of Suning Group, alongside its partners, presented at the inaugural China International Consumer Products Expo, held between May 7 and 10 in Haikou …
China’s Exports, Imports Surge on Strong Global Demand
Mitul Kotecha, senior emerging markets strategist at TD Securities, discusses the outlook for the Chinese economy and the yuan. China’s exports rose more than expected in April and imports climbed, …
China’s Exports Top Forecasts, Imports Growth Best In 10 Years
Chinese exports grew at a forecast-busting rate last month, data showed Friday, while imports surged at their strongest rate in a decade as the global economy bounced back from the pandemic crisis and …
As China awaits WHO approval for its vaccines, one country is sending theirs back
When Philippine President Rodrigo Duterte live-streamed himself receiving a first dose of the Chinese-made Sinopharm vaccine on Monday, it was supposed to encourage reluctant Filipinos to follow his …
Report: China emissions exceed all developed nations combined
China emits more greenhouse gas than the entire developed world combined, a new report has claimed. The research by Rhodium Group says. The US was the second-largest emitter at 11% while India was in …
China trade surges as global demand recovers from pandemic
Exporters have benefited from the relatively early reopening of China’s economy and demand for Chinese-produced masks and other medical supplies while some governments are re-imposing anti-virus curbs …
