Shares of China’s Zeekr Intelligent Technology were scheduled to start trading on the New York Stock Exchange on Friday after the electric-vehicle maker priced its initial public offering at the top …
BUSINESS
China’s Zeekr prices US IPO at top of range to raise $441 million
By Echo Wang and Scott Murdoch NEW YORK (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range, raising …
China is untangling its economy from the West. It could be preparing for long-term tensions — and an invasion of Taiwan
Second, Kennedy said he’d expect to see China invest more heavily in materials like carbon fiber, which has a variety of military applications. Third, he’d also expect to see many Chinese diplomats, …
Crypto’s $15 Billion EigenLayer Project Snubs US, China in Divisive Token Launch
Liquid staking protocols have seen a 27% decline in total value locked since their peak of $63 billion in March, according to DefiLlama data. Nearly 4% of all Ether is currently restaked using …
Xi wants to boost trade and investment between Europe and China. It won’t be easy.
A record low 42% of EU companies said they plan to expand their operations in China this year, according to a EU business chamber survey.
Chinese venture capitalists warn IPO freeze will hit innovation
Chinese venture capitalists have warned the country’s IPO freeze is starving tech startups of funds by keeping market participants locked into existing investments, undermining Beijing’s current push …
China’s Top Chipmaker SMIC Sees Profit Margin Plummet To 15-Year Low Amid US Export Controls
China’s Semiconductor Manufacturing International Corp has reported a significant drop in its profit margin, reaching its lowest level since 2009. The company expects further decline as it expands its …
China’s economy is showing some strong signs of comeback
April’s export data from China surpassed expectations, signaling a potential revival in global trade after a sluggish 2023. This report highlight China’s …
European companies are less upbeat about China’s vast market as its economy slows
China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to grow their businesses in the world’s second largest economy, an …
In China, business sentiment plunges to ‘all-time low’, EU Chamber of Commerce finds
European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.
One of China’s hottest toys sold millions. The inventor made $830.
College student Zhou Wenhao studies marine engineering in the central Chinese city of Wuhan by day. By night, he tinkers with 3D printing machines. In the summer of 2022, he printed a green and white…
Exclusive-China’s Zeekr prices US IPO at top of range to raise $441 million, source says
By Echo Wang NEW YORK (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range on Thursday, raising $441 …
Exports to US reach all-time high, widen gap with China
Exports to the US, in particular, reached an all-time high, further widening the gap with China, the country’s second-largest export destination. Outbound shipments came to $56.2 billion, up 13.8 percent on-year, according to data revealed…
