China Unicom continued to add 5G users at a brisk pace in the opening quarter and registered another quarter of profit and revenue growth.
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Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Neom officials visited Beijing, Shanghai, and Hong Kong in an attempt to court Chinese investors and shed more light on the $500 billion megaproject.
China Bubble Tea Boom Creates New Billionaires: Sichuan Baicha Baidao Set To Go Public
The bubble tea, commonly referred to as ‘Boba,’ has evolved beyond a mere trend in China; it’s now a lucrative business venture that has spawned numerous billionaires. The most recent addition to this …
China’s monthly bauxite import data in March 2024
Customs data showed that China imported 11.8629 million mt of bauxite in March, up 5.19% MoM but down 1.43% YoY.
Tesla cuts prices in China and Germany as competition heats up
Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and …
China’s Xiaomi secures seven cornerstone investors for US$6.1bil HK IPO
The IPO values the Beijing-based, Cayman-domiciled company at $54.3 billion – or $70.3 billion after a 15 percent “greenshoe” or over-allotment option which can be sold if there is demand.
China Issues Warning to its Citizens in Angola Involved in Crypto Mining
China’s blanket ban on crypto mining, followed a mass exodus of miners to various African nations including Angola.
The Chinese site that rewired online shopping
When Pinduoduo, the Chinese discount shopping app, debuted nearly a decade ago, tech giants Alibaba and JD.com dominated China’s ecommerce business.
Hong Kong stocks soar after China’s market regulator pledges support for city’s IPOs, connect schemes
Hong Kong stocks extended gains amid expectations the latest measures announced by Chinese authorities would broaden the investor base …
Analysis-Souring China dreams force Western financial firms to cut costs
Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand …
CHINA MOBILE Starts Centralised Procurement for Newtype Intelligent Computing Centre, Involving AI Servers & White Box Switches
CHINA MOBILE (00941.HK) (600941.SH) announced the launch of the 2024-25 centralised procurement plan for its newtype intelligent computing centre project, with a total planned equipment procurement …
Chinese brand confirms EV major breakthrough
Chinese carmakers are on the cusp of something big. Nio is the latest car brand in the past few weeks to detail its future battery technology that can deliver a driving range in excess of…
Hong Kong bankers face more job cuts on China slowdown, high pay
The pay for senior bankers in Hong Kong is 40% to 70% higher than what their Singapore peers receive. Read more at straitstimes.com.