South Korean EV battery maker LG Energy Solution holds the record for the year’s largest IPO at $10.8 billion, while Chinese mobile communications provider China Mobile IPO, which raised $8.6 billion, …
Monthly Archives For May 2022
Activists castigate Bachelet for inaction prior to Beijing 2022
Human rights groups have heavily criticised United Nations (UN) High Commissioner for Human Rights Michelle Bachelet for not releasing her report on China’s alleged abuses prior to the Beijing 2022 …
Beijing’s stringent COVID hard line disrupts commerce, from EVs to tacos
Other companies from luxury goods makers to fast-food restaurants have also offered a first read on the lost sales and shaken confidence in recent weeks, even as Beijing rolls out measures to help …
SOS stock jumps as 2021 revenue soars over 600% on crypto mining, commodity trading
China-based SOS (NYSE … driven by the addition of its cryptocurrency mining and commodity trading operations. Crypto mining revenue of $15.43M in 2021 accounted for 4.3% of total sales, while …
Did Beijing just flash a green light to buy Alibaba?
Chinese tech giant Alibaba Group Holding (NYSE:BABA) has fallen around 17% in 2022 as concerns have swirled around Beijing’s regulatory policy and strict COVID lockdowns in Shanghai. However …
China’s COVID lockdowns are a symptom of deeper problems
What a difference a year makes. In the spring of 2021, China was reporting only a few dozen COVID cases each day and celebrating a return to steady economic growth. The United States, meanwhile, …
China’s hardline COVID lockdowns taking bite out of economy, hurting demand
From electric vehicles to fast food, industries across China are feeling the impact of COVID-19 lockdowns as demand plummets. Before the lockdowns, EV sales in China, the world’s second-largest …
China’s coastal city sees robust growth in exports to RCEP countries in Q1
XIAMEN, May 2 (Xinhua) — Xiamen, a coastal city in eastern China’s Fujian Province, saw total exports to Regional Economic Partnership (RCEP) member countries amount to 27.7 billion yuan (about 4.2 …
Chloe Kim said she was ‘lonely’ at the Beijing Olympics without her family and her pup there to support her
Chloe Kim felt “a little lonely” at the Beijing Olympics, the superstar snowboarder told Insider. The 22-year-old American said she struggled with not having her family and dog there for support. She …
Delhivery IPO may open on May 11, close on May 13; issue size reduced to Rs 5,235 crore
The initial public offering (IPO) of Delhivery Ltd, a logistics and supply chain startup … (OFS), the second banker said on condition of anonymity. Fosun group-owned China Momentum Fund, via its …
China is obsessed with disinfection against COVID-19. But is it causing more harm than good?
Hazmat suit-clad workers spraying clouds of disinfectant over city streets, building fronts, park benches and even parcels have become a common sight in pandemic-era China. In Shanghai …
How China is helping to fuel record-high inflation
A new analysis published by the Peterson Institute for International Economics, a Washington-based think tank, said that China has exacerbated record-high inflation by imposing new tariffs and …
Can crypto go green? Major companies are trying — but it’s easier said than done
Governments around the world are growing concerned. Some countries, such as China, have gone so far as to ban crypto mining outright. In northern Sweden, Canadian firm Hive Blockchain is relying on a …
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