WeWork has sold a majority stake in its China business to a private-equity firm in the troubled office-sharing startup’s latest effort to cut costs. The deal announced Thursday will hand ... ( read original story ...)
Insight from Shanghai: China chases new economic model with high-tech infrastructure push
Foreign investment and exports turbocharged the Chinese economy for nearly two decades after China entered the WTO. But now things have changed. The pandemic has underlined how important exports are ... ( read original story ...)
Shanghai warns investors against plotting on STAR IPO…
China's Shanghai Stock Exchange warned investors on Monday against colluding to suppress the price of initial public offerings on its Nasdaq-style market. Some investors are suspected of conducting ... ( read original story ...)
Jiangsu beats Shanghai in Chinese Women’s Volleyball Championship
Jiangsu grabbed its third straight win after defeating Shanghai 3-1 (25-12, 25-19, 12-25, 25-13) in the 2020 Chinese Women's Volleyball Championship here on Friday. Jiangsu led 10-2 lead to start the ... ( read original story ...)
Disney Hires Technology Veteran Diane Jurgens as CIO
Walt Disney Co. hired Diane Jurgens, a senior technology management exec with more than three decades of industry experience, as its new chief information officer. Jurgens will start at Disney on Oct. ( read original story ...)
China Market Update: A Week To Forget, Evergrande Debt Issue Weighs On Property Stocks, Week In Review
Powell made it clear that the ball is now in Congress’ court with regard to stimulating the US economy in a Wednesday press conference. ( read original story ...)
Markets Decline as Pandemic’s Grip Tightens: Live Business Briefing
Global markets were mostly lower on Friday, following a turbulent session on Wall Street where hopes for an agreement between the White House and lawmakers over a pandemic relief package were balanced ... ( read original story ...)