The Doge department is a nod to the shiba inu doge meme that’s also linked to the dogecoin cryptocurrency, named by Elon Musk as his “favorite” cryptocurrency and accepted as payment by his Tesla car…
BUSINESS
China’s WuXi Biologics to sell Irish vaccine facility to Merck as US curbs loom
China’s WuXi Biologics said on Monday it will sell its vaccine facility in Ireland to U.S. drugmaker Merck & Co for about $500 million, ahead of potential U.S. legislation that would restrict business …
A respiratory virus is spreading in China. Here’s why it’s not the new COVID-19.
Unlike COVID-19, human metapneumovirus has been around for decades, and we understand how it spreads and how to treat it.
Top U.S. Pork Producer Smithfield Foods Files for IPO
Smithfield Foods, which was acquired by China’s WH Group more than a decade ago, is once again going public in the U.S. Smithfield, the largest U.S. pork producer, on Monday filed with the Securities …
China’s WuXi Biologics to sell Irish vaccine facility to Merck for $500 million
China’s WuXi Biologics said on Monday it will sell its vaccine facility in Ireland to U.S. drugmaker Merck & Co for about $500 million. The Financial Times had reported in October that WuXi and WuXi…
China hurries to shore up sliding yuan and stock markets
China’s stock exchanges and central bank rushed to defend a tumbling yuan and falling stock markets on Monday, trying to soothe investors concerned about Donald Trump’s return to the White House and …
Chinese fast-food chain LXJ plans for IPO in Hong Kong
Chinese fast-food chain LXJ International has submitted an application for an initial public offering (IPO) in Hong Kong. The move is aimed at raising capital to enable the company to further bolster …
China’s WuXi Biologics to sell Ireland vaccine facility to Merck for $500 million
China’s WuXi Biologics said on Monday it will sell its vaccine facility in Ireland to Merck for about $500 million.
Asia’s crude oil imports drop in 2024 as weak China weighs
Asia’s crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth.
China’s economy is causing a hangover for spirits giants
In China’s business circles, the ultimate party statement is a bottle of Maotai on the table. This luxury liquor from Guizhou province, known for its potency of up to 53%, has long been a symbol…
How VC founders in China end up blacklisted
Once blacklisted, it is nearly impossible for individuals to start another business. They are also blocked from a range of economic activities.
China’s service sector rise to 7-mth high, but orders from abroad declines
China’s services sector witnessed significant growth in the last seven months, with the Purchasing Managers’ Index (PMI) rising to 52.2 in December from 51.5 in the previous month. However, orders …
Chinese venture capitalists force failed founders on to debtor blacklist
Pursuit of entrepreneurs threatens start-up ecosystem as investors target personal assets to claw back funding …
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