Kweichow Moutai Co. reported a gain in profit for the first quarter as demand for its popular baijiu liquor held up in the face of lockdowns that kept people from social gatherings during the ……
BUSINESS
The Netherlands’ AMLD5 Interpretation Appears to Be Killing Crypto Firms
The announced closure of one-man bitcoin startup Bittr may be the first of many in the Netherlands as contentious new AMLD5 regulations come into effect. ( read original story …)
Scrutiny mounts on China’s Luckin Coffee as market regulator inspects
China’s top market regulator has launched an inspection into Luckin Coffee , joining the country’s securities watchdog in doing so as the coffee chain comes under scrutiny for fabricating … ( read original story …)
U.S. firm, FAW to build sports cars under Chairman Mao’s favoured brand Hongqi
A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China’s FAW Group under the brand of choice of late revolutionary … (…
US firm, FAW to build sports cars under Chairman Mao’s favoured brand Hongqi
A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China’s FAW Group under the brand of choice of late revolutionary … (…
China’s Zhou Dongyu on Redefining Sexy for Victoria’s Secret
The new face of China for the lingerie retailer speaks up on self-recognition, defying stereotypes and life under lockdown with her family. ( read original story …)
Medtec China 2020 is officially open for visitor registration, facilitating medical device manufacturers in R&D and procurement
The medical device industry was the first to bear the brunt of the COVID-19 epidemic at the end of 2019, and China’s high-end medical device reserves, production and R&D; capabilities were well … ( read…
China Has ‘Nationalized’ Its N95 Mask Makers
A U.S. importer of N95 respirators says they can’t get orders from Chinese manufacturers directly anymore as factories have been taken over by the government. ( read original story …)
Week In Review: Akeso Stages $335 Million HK IPO For Mono-/Bi-Specific Antibodies
AkesoBio staged a $335 million Hong Kong IPO and climbed 50% higher in its first trading session. CStone Pharma announced that China’s NMPA has accepted its NDA … ( read original story …)
Major Donations Are Coming From Crypto Industry to Fight COVID-19
As early as Jan. 25, Changpeng Zhao, the CEO of a top-ranking crypto exchange Binance, announced in a tweet that his company has pledged to donate $1.5 million (10M RMB) to help the victims of…
U.S. IPO Week Ahead: IPO Pipeline Activity Makes Up For An Empty Calendar
There are no IPOs scheduled for the week ahead, but the IPO market is showing some early signs of opening up. Recent biotech IPOs have had strong debuts, SPAC a … ( read original story…
China eases export restrictions on some medical equipment
China announced Saturday it will ease an export restriction on some medical equipment as countries around the world push to obtain the necessary personal protection equipment (PPE) they need to fight … ( read original story…
US IPO Week Ahead: IPO pipeline activity makes up for an empty calendar
There are no IPOs scheduled for the week ahead, but the IPO market is showing some early signs of opening up. Recent biotech IPOs have had strong debuts, SPAC activity has picked up, and a…
