China’s exports rose in 2020 despite pressure from the coronavirus pandemic and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of … ( read original story …)
BUSINESS
Inside China’s new lab conducting late-stage vaccine trials (August, 2020)
CNN’s David Culver takes us inside a brand new vaccine lab in China and speaks to scientists there about how close they are to a coronavirus vaccine. ( read original story …)
China’s 2020 auto sales fall for third year with help from the coronavirus
China’s sales of SUVs, minivans and sedans fell for a third year in 2020 as the coronavirus hurt already weak demand in the industry’s top global market, an industry group reported Wednesday. Sales … (…
Decoupling could be ‘death knell’ for European firms in China: report
Survey of 120 companies shows many operations disrupted with deep concerns of more to come, especially in digital fields. ( read original story …)
U.S.-China Decoupling Raises Risks for European Firms
European businesses operating in China are facing rising costs and uncertainty as they grapple with economic decoupling between the U.S. and its Asian rival. ( read original story …)
IPO-prospect Kuaishou has a big issue – how to bag a profit from the 300 million who use its short video app
Kuaishou’s model has been criticised by some analysts for an over-reliance on celebrity influencers and a costly user acquisition strategy. ( read original story …)
Apple, BMW, Nike and Huawei named among global brands accused by the Tories of using Uyghur forced labour in China
The Conservative Party Human Rights Commission report said that tens of thousands of Uyghur Muslims had been transported to factories across the country to work. ( read original story …)
Chinese Hospital Issues First Electronic Bill on Blockchain
The People’s Hospital of Chengmai County issued the first electronic bill on blockchain-based platform in South China’s Hainan province. ( read original story …)
SOS Ltd. Announces its Aspiring Crypto Mining Strategy and Plan
PRNewswire/ — SOS Limited (NYSE: SOS ) (the “Company” or “SOS”) today announced its crypto mining plan. SOS plans to invest heavily in the crypto mining business to take advantage of the growing … (…
Oil hits 11-month high; China car sales keep recovering – business live
Shares in oil giants BP (+1.5%) and Royal Dutch Shell (+1%) have risen in early trading, following the rally in the oil price. This has helped to lift the FTSE 100 by around 10 points…
Chinese facial recognition unicorn Megvii prepares China IPO
Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, … ( read original…
China’s Megvii kick-starts IPO on Shanghai’s Star Market after Trump added facial recognition giant to entity list
Facial-recognition developer Megvii abandoned its original Hong Kong IPO plan after the Trump administration placed it on a trade blacklist; it is now looking to list on Shanghai’s Star Market. ( read original story …)
Chinese IPO Qilian Doubles in U.S. Trading Debut
Two Chinese initial public offerings opened for trading Tuesday, with Qilian International Holding Group making a powerful debut. Shares of Qilian (ticker: QLI) doubled during its first day of trading … ( read original story…
ADVERTISEMENT
