Xpeng Motors Technology Ltd. said it raised nearly $500 million in a Series C+ funding round, even as electric vehicle sales see a slump in mainland China. What Happened Investors that participated in … (…
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Tomorrow Group-linked shares tumble after China seizes affiliated financial firms
Shares in two companies with connections to troubled Chinese conglomerate Tomorrow Holdings Co Ltd slumped on Monday after regulators seized control of nine firms affiliated with the group. ( read original story …)
Geopolitical tension between Australia and China is a top risk for businesses
Despite existing concerns over bilateral tensions, Australian companies in China are focused at the moment on recovery from the coronavirus pandemic, says Nick Coyle, CEO and executive director at the … ( read original story…
Shenzhen seeks to protect ‘whistle-blowers’ in public health emergency
Huaqiangbei, a renowned commercial area in Shenzhen for electronics markets, has set up some 100 tents outdoor for commercial tenants to help them resume businesses with epidemic prevention and … ( read original story …)
Shanghai stocks jump more than 2% as China keeps benchmark lending rate unchanged
China kept both its one-year and five-year loan prime rate unchanged as its economy continued to recover after reopening following the coronavirus crisis. ( read original story …)
China’s EV startup Xpeng pulls in $500 million Series C+
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s … ( read…
Asia Today: Outbreak in Northwest China Spreads to 2nd City
Outbreak in Northwest China Spreads to 2nd City One of the 17 new cases reported on Monday was in the ancient Silk Road city of Kashgar, the regional government said on its official microblog. The…
China blows up dam on Yangtze river tributary to ease flooding
Explosives used to destroy Chu river dam in central Anhui province in bid to bring water levels down Associated Press Buildings submerged in flood waters of Shijiu Lake on Sunday in Nanjing, Jiangsu … (…
China’s central bank has better stimulus options than the Fed
Western depictions of the relative performance of the US Federal Reserve and the People’s Bank of China invariably present the former as sophisticated and proactive, while the latter is portrayed as … ( read original…
CORRECTING and REPLACING RELX Golden Shield Program Stops Over $700,000 Worth of Counterfeit E-cigarette Products from Reaching Consumers
Today, RELX Technology announced the company’s Golden Shield Program aided Chinese authorities in seizing over 70,000 counterfeit e-cigarette products in June and July, 2020. Today, RELX Technology … ( read original story …)
Coronavirus: China’s cinemas start to reopen after shutdowns
China’s cinemas were hit hard by the shutdown that started in January, with many already forced out of business. Cinemas that reopen will be subject to a strict set of rules, including screenings … (…
The Latest: COVID-19 cases tick up in northwest China city
Another five cases were brought from outside the country, according to the National Health Commission. No new deaths were reported, leaving the total at 4,634 among 83,682 cases, and 249 people remain … ( read…
The Latest: Mexico says its COVID-19 deaths surpass 35,000
Mexico has registered 736 more COVID-19 deaths and 7,257 more confirmed cases of coronavirus infections. Mexico now has more than 35,000 deaths from the pandemic, the fourth highest total in the world … ( read…
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