Shanghai, China, Mar 13 (EFE).- The Chinese bicycle-sharing company Ofo has raised $886 million in a new funding round led by Chinese e-commerce giant Alibaba, Ofo said Tuesday. This new round of funding is now the largest in China's competitive bike ... ( read original story ...)
METALS-Shanghai nickel rises sharply after LME inventory dip
Nickel led a rise in Shanghai base metals prices on Monday following a drop in London Metal Exchange (LME) nickel stocks on Friday, while a rally in Asian equities helped take the rest of the complex higher, with the exception of aluminium. * SHFE NICKEL ... ( read original story ...)
Alibaba-led group plans buyout of iKang Healthcare
It would be rational to accept the offer and get delisted now, said He Xiaopeng, research director at Morning Whistle Group, a Shanghai-based research firm on cross-border acquisitions. "iKang's market cap was roughly $1.29 billion (8.17 billion yuan), a ... ( read original story ...)
Asian stocks pull back, led by banking and tech shares
“That would have a slight dampening effect on the economy overall,” she said. The Shanghai Composite SHCOMP, -0.57% fell 0.6% and Hong Kong’s Hang Seng Index HSI, -0.53% ended 0.5% lower. Financial and tech stocks, key soft points for the U.S ... ( read original story ...)
Stay Tuned for the Most Innovative LED Bulbs on Light + Building Frankfurt
After making a great success at the Light+Building 2016, the leading LED lighting enterprise, Shanghai Wellmax Lighting Industry (WELLMAX) will attend the incoming fair from 18th- 23rd March. It is said that WELLMAX has fully prepared to wow its global ... ( read original story ...)
Irish expats in Shanghai celebrate their culture with St. Patrick’s Day
Highlights were an Irish marching band and Chinese dragon dancers during a parade led by the Consul General of Ireland in Shanghai. On and around St. Patrick's Day, major celebrations take place not just in Ireland but across the world. St. Patrick's Day ... ( read original story ...)
Tesla’s China factory plans still a ‘shared goal,’ claims Shanghai officials
Nevertheless, the Shanghai officials assured the publication that an announcement ... For one, it would be able to tap into the country’s strong workforce, which would likely aid the Elon Musk-led firm in producing more vehicles than before. ( read original story ...)