Shares of Soho China, a real estate company run by a prominent power couple, fell by one-third on Monday after Blackstone Group walked away from its deal to buy the firm. Soho China said in…
Monthly Archives For September 2021
Chinese tech, EV stocks fall on regulatory fears; property developer Soho China drops 35% on failed deal
Chinese electric vehicle stocks fell on Monday after the country’s industry minister said there are “too many” EV firms in China.
Beijing Blocks Blackstone, Backs Ant Consumer-Loans Breakout
The campaign against Big Tech continues in China, where Ant will likely have to carve out its consumer-loans business.
Stock market correction of 5%-10% ‘likely before year end’, Deutsche Bank survey finds – business live
Rolling coverage of the latest economic and financial news …
Disgruntled China Evergrande investors crowd headquarters in protest
SHENZHEN: Chaotic scenes erupted at the headquarters of cash-strapped developer China Evergrande Group on Monday (Sep 13), as roughly 100 disgruntled investors crowded its lobby to demand repayment of …
Alibaba Shares Drop As China Reportedly Seeks To Break Up Jack Ma’s Alipay
Chinese regulators want Ant to spin off its lending business and hand over its proprietary credit scoring data to a company part-owned by the state.
Ping An Named Insurance Company of the Year, ESG, China by The Asset
Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) is pleased to announce that the Group has been named Insurance Company of the Year, ESG, China at The Asset Triple A …
Shanghai braces for Typhoon Chanthu as it approaches China coast
Shanghai and its neighbouring coastal regions are preparing for strong winds and heavy rains as approaches the Chinese coast after drenching Taiwan, while causing little damage there. The storm, with …
An innovative online retailer from Shenzhen has opened an Amazon store
Shenzhen Yusong Technology Co., Ltd. announced the opening of an Amazon store. Skanwen’s top-tier products are available in their flagship online …
Beijing attempts to influence media coverage, global nar
Beijing is making all-out attempts to restrict voices against the Chinese Communist Party to pursuit a positive image in the world post-COVID pandemic …
Alibaba stock tumbles after report says Beijing wants to break up Alipay
Shares in Alibaba slumped again on Monday after the Financial Times reported that Beijing is planning to break up Alipay, the hugely popular payment app owned by its financial affiliate, Ant Group.
China LNG imports continue to soar while crude volumes decline
China’s liquefied natural gas imports continued to surge in August as the world’s largest energy consumer keeps on firing the economy with cleaner fuels. Shanghai-based trade portal …
China Tea Chain Heytea Taps UBS for $500 Million Hong Kong IPO
Heytea, the Chinese teahouse chain, has tapped UBS Group AG for its potential Hong Kong initial public offering as soon as next year, according to people familiar with the matter.
