Asian equities were mixed overnight as Mainland China outperformed and the US dollar strengthened.
BUSINESS
China’s Pony.ai files for IPO in US
Chinese autonomous driving technology firm Pony.ai announced at the end of last week it had filed for initial public offering (IPO) in the US, as it looks for further funding to expand its robotaxi …
Robotaxi firm seeks IPO with Goldman Sachs backing
Founded in 2016 by Peng and CTO Tiancheng Lou, both software developers for Baidu in the Silicon Valley, Pony has raised $1.1 billion over seven funding rounds with an $8.5 billion valuation as of …
Hit China digital business book prepares to go global
Guo’s insights draw on his three decades of experience on China’s digital journey, and look to help business leaders better understand digitalization and navigate the challenges of the digital era. The book serves as a…
China’s Ping An Insurance posts 36.1% rise in nine-month profit
Co of China Ltd reported on Monday a 36.1% rise in net profit in the first nine months of the year, driven by growing investment returns and new policies sold as the economy recovers. The…
China to resume imports of Nishikigoi carp from Japan
TOKYO (Kyodo) — China will resume imports of Nishikigoi, ornamental carp, from Japan that were halted last November amid a bilateral row over the release of treated radioactive water into the sea …
“China agrees to resume imports of Japanese silk carp suspended after discharge of contaminated water”
China has decided to resume imports of ornamental silk carp from Japan, which it suspended after the discharge of Fukushima contaminated water, Kyodo News …
China to resume imports of Japanese ‘nishikigoi’ carp
NHK has learned that China has agreed to resume imports of “nishikigoi” colorful carp from Japan, which it had suspended for about one year.
China’s surplus crude oil hits nearly 1 million bpd for September
The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 million barrels per day of oil being …
Moncler chief on defying China’s new normal to ‘build the strongest brand ever’
Hot off investment from LVMH, Moncler wants to make greater inroads into the world’s second-largest economy. Remo Ruffini explains why …
China’s booming grey markets add woes to luxury brands
China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for cheaper ways to buy them, deepening …
CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 mln
China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald’s China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.
China will press ahead with internationalisation of yuan and markets: Sibos panellists
China’s financial sector has and will continue to embrace opening up and cooperation,’ said Lu Lei, deputy governor of the PBOC.
