Didi Global has highlighted the perils of investing in Chinese tech companies as a deepening regulatory crackdown wiped billions of dollars off the ride-hailing giant’s valuation.Less than three …
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The IPO Market Is Heating Up Again. Warby Parker, Rivian, and Other Likely Listings Coming Soon.
After an August slowdown, there are lots of high-quality growth companies ready to go public. Here are the most likely candidates.
China’s Alibaba promises $15.5B for development initiatives
E-commerce giant Alibaba Group said Friday it will spend $15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly, adding to pledges by tech companies that are …
Are These Three Chinese Technology Stocks Buy Opportunities?
Chinese officials have introduced much legislation aimed at the technology sector. Is this creating a buying window?
DAILY: China import iron ore prices recover, sales down
Chinese prices of imported iron ore for both port inventories and seaborne cargoes recovered on September 3, while trading was lukewarm. On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao …
China phone makers could be squeezed by TSMC and Samsung chip price hikes amid weak consumer demand
Smartphone makers in China, most of whom currently rely on imported chips, are expected to see rising costs as major chip foundries, including Taiwan Semiconductor Manufacturing Company (TSMC) and …
City of Beijing said to seek taking Didi under state control
Beijing’s municipal government has proposed an investment in Didi Global Inc. that would give state-run firms control of the world’s largest ride-hailing company, according to people familiar with the …
EXCLUSIVE Ericsson CEO to double down on China as 5G tussle rumbles on
Ericsson’s top executive vowed to double down on efforts to regain market share lost in China after Sweden blocked Chinese suppliers from its 5G roll-out, a move that antagonised Beijing and has hit …
China Big Tech’s Charitable Donations Are Hurting Their Stocks
Chinese tech giants’ increasing charitable pledges may be contributing toward Xi Jinping’s “common prosperity” vision, but they have also been costing investors.Stocks of all seven listed companies …
Trade group rejects China’s claims in CSPV import dispute with the U.S.
A WTO dispute panel rejected all four claims against the U.S. relating to safeguard measures that the Trump administration imposed on solar panels imported from China.
Chinese Crypto Miners are Back Online in New Locations, Hashrate Says it All
Chinese crypto miners are finally back online after a government-led crackdown forced them out of the country in June 2021. Much of the mining capacity moved to North America, Russia, Kazakhstan, …
Not my pay! Some tech workers bemoan China’s crackdown on compulsory overtime
Some employees at TikTok-owner ByteDance were shocked to find their August paychecks slashed 17% after the company ended its policy of requiring its China-based staff to work a six-day week every …
China’s SMIC to invest $8.87 bln for new chip plant in Shanghai
China’s Semiconductor Manufacturing International Corp (0981.HK) will invest $8.87 billion to build a chip plant in Shanghai, it said on Friday, expanding capacity amid a global chip shortage as …
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