Sequoia Capital China is close to raising nearly $9bn to put into Chinese start-ups, defying global investor apprehension about Beijing’s zero-Covid policies, a crackdown on technology groups and …
Monthly Archives For July 2022
China’s Shanghai to carry out some COVID testing, residents say
Authorities in at least six districts in Shanghai notified residents that they would be carrying out mass PCR testing for COVID-19 on Tuesday, just over a month after the city’s lockdown was lifted.
China rebuts NASA chief’s claim that the country is trying to land on and occupy the moon
NASA chief Bill Nelson told a German news outlet that he was concerned China would land on the moon and say, “It’s ours now, and you stay out.” …
EXCLUSIVE Pope hopes China deal on bishops will be renewed soon
Pope Francis said that while the Vatican’s secret and contested agreement with China on the appointment of Roman Catholic bishops is not ideal, he hopes it can be renewed in October because the Church …
China’s Warren Buffett-backed BYD has dethroned Tesla as the world’s largest electric vehicle maker, selling 77,000 more cars so far in 2022
The automaker BYD, backed by Warren Buffett’s venture capital firm Berkshire Hathaway, has surpassed Tesla in global sales.
China’s Assault On European Electric Car Market Gathers Momentum
China’s long-term plans to conquer the European electric car market aren’t causing many headlines yet but they are gathering strength and progress is advancing under the radar. This is the MG ZS EV, …
New COVID cluster tracked in Beijing
A cluster of COVID-19 infections has been identified in Beijing’s Yanqing district, officials said at a meeting on Monday. The cluster, linked to people who had completed quarantine after returning …
Asian Markets Rise On Talk Biden To Roll Back Some China Tariffs
Asian markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though …
China plans $75 billion infrastructure fund to revive economy: Sources
China has unveiled a raft of economic support measures in recent weeks, although analysts say the official gross domestic product target of around 5.5% for this year will be hard to achieve without …
Tech Factories Latest To Leave China For SE Asia
A decade-long shift of labor-intensive manufacturers from China to Southeast Asian countries has been accelerated by the strict lockdown measures …
China’s Latest Craze of Super-Fast Delivery Might Be a Win for Luxury
In the wake of supply chain disruptions and logistical nightmares, the partnership between Muji and Meituan offers a promising retail approach.
Kindergartens in Beijing reopen
Children play outdoor as a kindergarten reopens in Beijing, capital of China, July 4, 2022. Kindergartens in Beijng reopened on Monday. (Xinhua/Ren Chao) Children read books as a kindergarten reopens …
Chinese Mainland IPOs Are on Track to Hit Record High This Year, PwC Says
The Chinese mainland’s initial public offerings market should do even better in the second half, after becoming the biggest in the world in the first six months, and raise a record amount of funds …
