A $233 million Hong Kong IPO on Wednesday rocketed Wang’s net worth to $1.1 billion, according to the Bloomberg Billionaires Index, even as Guming’s shares finished 6.4% below the listing price at …
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Six Men Charged in $15M Crypto Kidnapping Case
Six men are charged in a $15M crypto kidnapping, with suspects fleeing to China. FBI tracks stolen funds and fugitives.
CATL, China’s top EV battery maker, eyes global dominance with US$5 billion IPO cash reload
Overseas business made up 31 per cent of CATL’s total sales in the first nine months of 2024, versus 32.7 per cent in 2023, according to exchange filings.
Is China ending its stint as major global grain importer?
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop…
Chinese Police Crack $136M Crypto-Linked Money Laundering Scheme
China’s crypto crackdown leads to a $136M money laundering bust, exposing underground banking networks using digital assets.
China’s tech stocks enter bull market on DeepSeek’s account
Mainland Chinese funds bought more stocks in Hong Kong this year, contributing to turning the city’s key tech index into a technical bull market.
India weighs temporary tax on cheap Chinese steel import, minister says
India could impose a temporary tax of 15%-25% on steel from China in as soon as six months because of the “serious challenge” to domestic producers from cheap imports, Steel Minister H.D. Kumaraswamy said.
China mulls $6.8 billion funding plan to help Vanke repay debt, Bloomberg News reports
Chinese authorities are working on a proposal to help China Vanke plug a funding gap of about 50 billion yuan ($6.84 billion) this year, Bloomberg reported on Wednesday, citing people familiar with …
China is exporting more clean tech to developing countries – with consequences for global climate policy
The EU is making access to its markets more difficult for electric cars, solar systems and wind turbines from China. Meanwhile more and more of these products are finding buyers in the global South.
Milk Tea Mogul Wang Is China’s Latest Billionaire After Guming’s IPO
Wang Yun’an, the 38-year-old founder of Chinese milk tea company Guming Holdings, has become a billionaire after the chain listed in Hong Kong on Wednesday.
U.S.-China trade war hits small and midsize businesses especially hard
Many smaller businesses can’t afford to move manufacturing out of China while remaining competitive, experts say.
Bill to curb US investment in China to be reintroduced, US lawmaker says
Legislation to curb U.S. investment in China will be reintroduced in Congress, the chair of the House of Representatives’ select committee on China said on Tuesday, adding that the bill’s failure to …
Thailand-China Joint Operation Seizes $2.5M USDT from Chinese Scammers
Thailand and China seize $2.5M in USDT from some Chinese scammers, exposing a large-scale scam and trafficking ring.
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