BGI Group, the world’s biggest DNA-sequencing company, is considering an initial public offering of its equipment unit on Shanghai’s Star board as early as this year, people with knowledge of the … ( read original…
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China Mobile sees growth in H1 2020, as 5G rollout continues
The company deployed 188,000 in the first half of 2020, as its gargantuan 5G rollout continued it earnest. The company said that it was on course to hit its target of 300,000 base stations by…
As U.S. targets China tech, TikTok rival Bigo shifts servers from Hong Kong
BIGO Technology, a smaller rival of embattled Chinese appmaker ByteDance, is shifting servers from Hong Kong to Singapore, out of the reach of a new national security law at a time when it is seeking…
Robotruck firm Tusimple seeks IPO valuation of up to $7 billion
If Tusimple does successfully go public in the US, it would be the first self-driving company in the world to do so on a major financial market. ( read original story …)
Markets subdued after Japan’s GDP slumps and US-China trade talks postponed – business live
Global markets are subdued this morning, after Japan became the latest country to suffer a historic economic slump due to the Covid-19 pandemic. And with factory output weaker than hoped in June, the … (…
Volvo Owner’s China Business Posts 43% Profit Drop on Pandemic
Geely Automobile Holdings Ltd., the Chinese automaker controlled by Volvo Cars owner Li Shufu, reported a 43% drop in first-half profit after the coronavirus outbreak shuttered factories and decimated … ( read original story …)
China Traders Ready for Stock Daily Limits to Double Next Week
Stocks on China’s Nasdaq-like ChiNext board will be allowed to rise or fall 20% as of next week when the first batch of listings under revamped rules start trading. ( read original story …)
Asia Pacific stocks mixed as U.S.-China tensions remain; Japan’s economy shrinks in second quarter
June, according to government data released Monday. That was the sharpest contraction on record, according to Reuters. ( read original story …)
Hiring in China is still tepid, but more and more new jobs are going online
Since the coronavirus pandemic forced millions of people to stay at home, teaching students online and selling directly to consumers via live video streaming has taken off in China. ( read original story …)
National security law: pro-business lawmaker fears further sanctions for Hong Kong amid US-China tensions, calls for international promotional push
The United States could take further punitive actions against Hong Kong yet, as tensions between Washington and Beijing are only likely to intensify, a pro-business party leader has suggested.Speaking … ( read original story …)
China factory output flat, retail sales slip
China’s factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country’s recovery from the coronavirus pandemic remains muted. The data … ( read original story…
First Into the Virus Slump, China Is Proving the Fastest Out
China’s economy, the first to succumb to the coronavirus, is proving to be the fastest to recover. An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and … ( read…
5G is the first stage of a tech war between the U.S. and China
The U.S. tech war on China continues, banning Chinese equipment from its network, and asking its Five Eyes partners and NATO allies to follow suit. It is a market and a technology denial regime that…
