Upholding the spirit of non-conflict and non-confrontation … key to promoting the healthy and stable development of Sino-US relations,’ Chinese vice-president says. ( read original story …)
Tagged By business
G.M.’s Electric Car Push Could Put China in the Driver’s Seat
With government support and lavish subsidies, Chinese companies have come to dominate the market for batteries, motors and other essentials Detroit may need for its new fleets. ( read original story …)
H&M’s Arket, & Other Stories to Open First Physical Stores in China
Other Stories will open in Shanghai’s upscale shopping mall iAPM, while Arket picks Beijing to open first its China flagship this fall. ( read original story …)
Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record
Tencent-backed Kuaishou Technology’s IPO which aims to raise US$5.4 billion looks poised to set a record as the most oversubscribed deal ever in Hong Kong, after receiving orders from retail investors … ( read original…
Retail buyers flood China’s Kuaishou HK IPO with $162 bln offered
China’s Kuaishou Technology 1024.HK raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, … (…
Retail loans for China’s Kuaishou HK IPO surge past $60 billion amid GameStop frenzy
China’s Kuaishou Technology priced its Hong Kong IPO at the top of the range to raise $5.4 billion, three sources said, as retail investors swarmed the offering, depositing more than $60 billion in a ……
China’s Full Truck Alliance seeks $1b IPO in the US, sources say
Uber-like Chinese startup Full Truck Alliance is preparing for a US initial public offering that could raise at least US$1 billion as soon as this year, after eking out a slim 2020 profit thanks to…
China’s HNA Group says creditors want it declared bankrupt
HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have … ( read…
China’s regulator drafts rules on corporate governance of banks and insurers
China’s banking and insurance regulator issued draft rules on Friday on corporate governance of banks and insurers, the latest regulatory move to contain management risks of financial institutions. ( read original story …)
China’s Top Bottled-Water Group Swells to an $85 Billion Valuation
Nongfu Spring’s profit margins and growth potential have impressed investors and analysts. Exuberance and a shortage of tradable shares have helped, too. ( read original story …)
UPDATE 1-Retail buyers flood China’s Kuaishou HK IPO with $162 bln offered
China’s Kuaishou Technology raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, three … (…
China says former head of state-owned asset management firm executed in bribery case
BEIJING — China says former head of state-owned asset management firm executed in bribery case. Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, … ( read original story…
UPDATE 1-China’s HNA says creditors have applied for its bankruptcy
China’s HNA Group said on Friday that its creditors have applied to a Chinese court for the company to be placed in bankruptcy and reorganised, in another blow to the once high-flying conglomerate. ( read…
