Beiersdorf , the maker of Nivea skin care products and Tesa glue, cut the forecast for full-year sales at its adhesives unit on Thursday due to extensive lockdowns in China and ongoing supply chain …
Monthly Archives For April 2022
China’s Full Truck Alliance pauses $1 billion Hong Kong listing – sources
Plans by Full Truck Alliance Co Ltd, China’s ‘Uber for trucks’, to raise $1 billion in a Hong Kong listing this year have been paused as a Chinese cybersecurity regulator has yet to announce findings…
Beijing firms up COVID screening to prevent Shanghai-like chaos
Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the Chinese capital’s 22 million residents turned up for more mass COVID-19 testing aimed at averting a …
Tax authorities in China jump onto NFT bandwagon
More state departments in China are embracing NFTs, with tax bureaus in Shanghai and Chengdu releasing tokens based on Tencent’s blockchain. See related article: ‘Voice of April’ NFTs highlight …
COLUMN-Europe draws more LNG from Asia as China imports slump: Russell
Europe is attracting a greater share of liquefied natural gas (LNG) cargoes, taking volumes from top-importing Asia, amid ongoing concern about the security of pipeline supplies from Russia. While …
Chinese tech firm’s 890 per cent debut on Nasdaq underlines appetite for Chinese IPOs amid efforts to defuse audit, delisting tensions
Ostin Technology, a maker of display modules, gained 892 per cent to US$39.66 on Nasdaq, raising US$13.5 million Despite the auspicious debut and positive signs in the discussions between the US and …
China lockdowns cost U.S. firms
Companies from Microsoft to Texas Instruments that long benefited from supply chains that run through China are now paying a price for the country’s sweeping lockdowns that have confined millions to …
Beijing tightens COVID screening to prevent Shanghai-like chaos
Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the Chinese capital’s 22 million residents turned up for more mass COVID-19 testing aimed at averting a …
Factbox-China’s Zero-COVID Policy in Numbers
As most other countries in the world are learning to live with the virus, China’s “dynamic COVID-zero” policy is taking a heavy toll on economic growth, posing significant challenges for companies and …
Analysis: China struggles for options as COVID threatens economic goals
China’s policymakers are struggling to find ways to ward off an economic slowdown that threatens job losses in a politically sensitive year, as COVID-19 lockdowns disrupt supply chains and jolt …
China grants first driverless taxi permits to Baidu, Pony.ai
Chinese internet services company Baidu has received a permit to provide driverless ride-hailing services to the public in Beijing, one of just two companies to receive such approvals.
China struggles for options as COVID threatens economic goals
China’s policymakers are struggling to find ways to ward off an economic slowdown that threatens job losses in a politically sensitive year, as COVID-19 lockdowns disrupt supply chains and jolt …
Covid-19: Flights cancelled, mass testing after suspected case in China
The Chinese megacity of Guangzhou cancelled hundreds of flights Thursday and launched mass testing of 5.6 million people after one suspected Covid case, as the battle to contain the coronavirus sweeps …
