Xiaomi’s first EV, the $30,000 Speed Ultra 7, sold out within a day of its March launch, but isn’t expected to break even for a while.
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China’s Didi bounces back from losses caused by Beijing’s crackdown on internet services as it prepares IPO in Hong Kong
Didi Global Inc. swung to a profit in the June quarter, a welcome boost for the company as it prepares for a potential re-listing in Hong Kong.
Reactions to China’s anti-subsidy probe on EU dairy imports
China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc’s revised tariff plan for electric vehicles made in the Asian giant. Wednesday’s inquiry …
Is China Lifting its Bitcoin Ban? Crypto Expert Says This Could Become the Biggest Bullish Catalyzer for Altcoins
Justin Sun, the founder of TRON, sent waves through the community with a cryptic post on X (formerly Twitter) hinting at a potential change in China’s stance on cryptocurrency. His message, “China …
Didi turns profitable as ride-hailing arm grows ahead of IPO
Its over-the-counter shares rose 2.3%. The results reflect how the company is gradually recovering from a tough few years. Once hailed as a national champion that defeated Uber Technologies in China, …
Greater China Deal Review: Q2 2024
Quarterly and yearly startup fundraising trends Top IPOs by Greater China firms in H1 2024 and pending large-cap IPOs Insights from prominent China-focused private market investors …
China’s plunging coal plant approvals signal energy policy pivot, report says
BEIJING, Aug 22 (Reuters) – A sharp drop in new coal plant permits in China suggests the world’s largest builder of the polluting power plants is pivoting its energy policy towards more renewable …
PwC Expects Six-Month Ban in China for Evergrande Audit, FT Says
PricewaterhouseCoopers LLP’s China unit expects the Chinese government to hand down a six-month ban that will start as early as next month as part of punishment over its audit of failed property giant …
PwC braces for 6-month ban in China over Evergrande audit, FT reports
(Reuters) -PwC China has informed its clients it expects a six-month business ban by Chinese authorities as early as September as part of punishment for its audit of collapsed property developer Evergrande,
China Market Update: The Story Of Walmart & JD.com
Asian equities were mixed on light volumes and little news pre-Jackson Hole. According to Google, the Philippine Stock Exchange was closed for Ninoy Aquino Day, commemorating the assassination of former Senator Benigno “Ninoy” Aquino,
China deploys drone frying laser weapon on 1st warship to counter US allies
China has reportedly installed a laser-directed energy weapon on an amphibious ship, signaling a move towards energy-based defense systems. A laser system is aimed to counter drones, satellite …
China Resources Beverage Pumps Up Water Fight With Market Leader
China Resources Beverage is preparing a Hong Kong IPO, saying it’s China’s biggest purified drinking water company with 32.7% of the market Archrival Nongfu Spring has thrown down the gauntlet by re-e …
Biden revamps US nuclear deterrence posture in face of China, Russia, North Korea aggression
The White House says no changes were made to the U.S. nuclear posture in direct response to a specific nation or security threat, as China expands its nuclear warhead stockpiles, despite report.
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