Chinese state-owned corporation Sinopec has purchased 30-40 cargoes of Russian ESPO crude for delivery in July-September to offset reduced supplies from the Middle East caused by the war with Iran.
BUSINESS
Unitree’s IPO could value China’s robot champion at $7bn or more
Sponsor CITIC says Unitree could be worth over 50 billion yuan after its Shanghai listing, a milestone for China’s humanoid-robot leader as demand accelerates.
Chinese robot maker Unitree prices Shanghai IPO
BEIJING, Aug 6 (Reuters) – Chinese robot maker Yushu Technology, known as Unitree, said on Thursday that it has priced its Shanghai initial public offering at 150.8 yuan ($22.34) per share, seeking to …
China’s Unitree IPO puts global robotics race and geopolitics in focus
Peter Alexander from Z-Ben Advisors says China’s robotics industry could have a similiar growth trajectory as the EV industry that plays a major role in global markets.
China’s July exports growth likely cooled but still robust
BEIJING, Aug 6 (Reuters) – China’s export growth likely lost some steam last month after June’s blistering surge, but remained robust, a Reuters poll showed, powered by global demand for AI-related …
China’s EV Market Just Hit The Brakes After Government Cut Incentives
China’s electric vehicle market has hit an unexpected speed bump after years of rapid growth, with several of the country’s biggest automakers reporting weaker sales as government incentives are …
China’s Luxury Market Is Stabilizing—But Consumer Psychology Will Shape Its Future
After a recent downturn, the China luxury market is stabilizing, but growth remains elusive. To return to growth, luxury must align with changing consumer psychology.
China’s Luxury Market Is Stabilizing—But Changing Consumer Psychology Will Shape Its Future
After a recent downturn, the China luxury market is stabilizing, but growth remains elusive. To return to growth, luxury must align with changing consumer psychology.
China and U.S. Business Communities Strengthen Ties, Explore New Opportunities for Supply Chain Cooperation
U.S. Economic and Trade Cooperation Forum and the 5th China International Supply Chain Expo (CISCE) Roadshow was held in Chicago. More than 180 business and government representatives from both …
China’s Unitree Robotics kicks off STAR Market IPO pricing; valuation may top 109b yuan
Chinese robot maker Unitree Robotics began preliminary price inquiries on Wednesday for its planned IPO on the Shanghai Stock Exchange’s STAR Market. Investment banks estimate its post-listing …
China slaps export controls on US firms ahead of Xi’s Washington visit
Beijing has announced sweeping trade curbs against the United States, including export controls on drones and a ban on dealings with six American entities, in retaliation for recent US restrictions on …
China’s X Square Robot submits confidential filing for Hong Kong IPO, sources say
The start-up joins a growing list of domestic robot makers in China raising capital Chinese start-up X Square Robot has filed confidentially for an initial public offering (IPO) in Hong Kong, …
China announces countermeasures against Washington, including controls on drone exports to the US
China has announced a series of economic measures against the United States, including export controls on drones and a ban on trade with six American entities …
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