BEIJING, March 26 (Xinhua) — Foreign trade of China’s 22 pilot free trade zones (FTZs) rose 11.7 percent year on year in the first two months, said Wang Lingjun, deputy director of China’s General …
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Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.
China’s EV Exports to EU Slump at Start of Year Amid Probe
China’s exports of electric vehicles to European Union countries dropped by nearly a fifth during the first two months of the year, according to official Chinese data, amid a probe by Brussels into …
Australia And New Zealand Accuse China Of Covert Cyberattack Campaigns Against Democratic Nations
Australia and New Zealand have accused China of orchestrating cyberattacks on their democratic institutions. The accusations come in the wake of similar claims by the U.S. and U.K. against Chinese …
Alibaba Calls Off Cainiao’s IPO After Market Slump Worsens
Alibaba Group Holding Ltd. is calling off an initial public offering for its Cainiao logistics arm, shelving a much-anticipated debut that could have raised more than $1 billion.
Alibaba Group Cainiao IPO Update and Share Purchase Offer Conference Call
BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its …
China’s Netclass Technology Files for Smaller U.S. IPO
By Colin Kellaher Chinese online professional-education platform Netclass Technology has revised its planned U.S. initial public offering. The …
Final sanctioned tanker with Russian Sokol oil to reach China port, data shows
The seventh and final tanker carrying Sokol oil and sanctioned by the U.S. will arrive at China’s Tianjin port on Tuesday night to discharge its Russian oil cargo, LSEG and Kpler shipping data showed, …
China’s Jiangsu reports record foreign trade with BRICS members in Jan-Feb
NANJING, March 26 (Xinhua) — Jiangsu Province, an economic powerhouse in east China, saw foreign trade with BRICS nations soar to a record 102.22 billion yuan (about 14.4 billion U.S. dollars) in the …
India Begins Anti-Dumping Probe Into Aluminium Foil Imports From China
India has initiated an anti-dumping probe into the import of aluminium foil, used as a packaging material for conservation and preservation of edible and food products, from China following a …
Why a small China-made EV has global auto execs and politicians on edge
The China-built BYD Seagull, a small all-electric hatchback that starts at less than $10,000, is having a big impact on the global automotive industry.
Xiaomi Introduces Inaugural EV SU7 Sedan, Entering China’s Premium Market to Challenge Tesla and BYD
Xiaomi, known predominantly for its smartphones and consumer electronics, is poised for a significant foray into the electric vehicle (EV) sector with the imminent launch of its maiden EV, the SU7 …
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