China’s passenger-car exports jumped sharply in May, with new-energy vehicles making up more than half of the total. The surge matters because Chinese automakers are using overseas growth to offset …
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Tencent-Backed Enflame Heads to IPO as China AI Chip Wave Grows
Tencent Holdings Ltd.-backed Shanghai Enflame Technology Co. has received approval for an initial public offering, a key step toward bringing to the market the last of the “four little dragons,” a …
Animoca Brands cofounder Yat Siu argues Asia will fuse AI and the blockchain before the West does
“In Asia, we don’t have this problem since we’re much more comfortable with money.” …
Fitch warns China’s fiscal risks exceed standard metrics, downgrades rating to ‘A’
Fitch downgraded China’s credit rating to ‘A’ citing fiscal deficits at 8.4% of GDP and collapsing revenue, with implications for global markets and crypto.
China greenlights IPO registration of major memory chipmaker CXMT
China’s top securities regulator said on Friday that it has approved the initial public offering (IPO) registration of CXMT Corporation, the country’s largest manufacturer of dynamic random-access …
China Is Aggressively Exporting Its Cars Because Nobody Is Buying Them In China
Facing a severe domestic sales slump, Chinese auto giants are aggressively exporting vehicles to international markets to offset declining sales and secure growth.
The mystery of how China is keeping down the world’s oil prices
China is normally the world’s top crude oil importer, and it sources much of that oil from Iran and other countries in the Middle East. China’s imports have fallen from around 11.6 million barrels a…
As Musk secures first trillionaire status with SpaceX IPO, will the next come from China?
As the initial public offering sees Musk become the first ever trillionaire, China is also seeing growth in its tech uber-rich This is part of a series on the global impact of SpaceX’s historic IPO,…
China missed the World Cup. Its brands didn’t
From broadcast operations to sponsorships, Chinese companies hold key roles at football’s biggest event despite geopolitical friction Inside a sprawling broadcast hub in Dallas, thousands of devices …
SpaceX playbook set to fuel China’s IPO ambitions but tech gap persists
(Refiles to fix typo in fourth bullet. No changes to story.) By Eduardo Baptista and Samuel Shen BEIJING/SHANGHAI, June 12 (Reuters) – SpaceX’s record $75 billion IPO is poised to supercharge Chinese …
China’s top coal region to expand coal-to-oil output in energy security push
By Colleen Howe HOHHOT, China, June 12 (Reuters) – China’s top coal-producing region plans to build the country’s largest base for turning coal into oil, gas and chemicals to help reduce reliance on …
Ant Group to hike capital outlay for AI
A view of the booth of Ant Group during an expo in Beijing. HUANG YONG/FOR CHINA DAILY . Ant Group will step up investments in artificial intelligence and data elements in the nex …
Whose IPO strategy wins? Comparing blockbuster US IPOs like SpaceX to China’s ‘shotgun’ approach
Peter Alexander, Founder and Managing Director at Z-Ben Advisors, discusses the contrasting IPO strategies of the U.S. and China, whereby the former relies on massive IPOs like SpaceX for wealth …
