Chinese offshore operator CNOOC Ltd managed to boost its net profit to a record high in 2021, having made breakthroughs in reserves and production growth. Revenues shot up by 59.1% year-on-year to 222 ... ( read original story ...)
Shanghai Shifts Lockdown to Western Half of City: Virus Update
Shanghai is lifting its lockdown of the eastern half of the city of 25 million residents on Friday, while the western part begins a four-day lockdown. Authorities are seeking to curtail a record ... ( read original story ...)
China: Shanghai to screen 16 million people in 2nd phase of lockdown
Shanghai will launch a Covid-19 nucleic acid testing campaign in areas west of the Huangpu River starting from Friday amid the second phase of the city's nine-day lockdown, an official announced on ... ( read original story ...)
Antibody firm Remegen raises $410M in Shanghai IPO, but stock tumbles
Less than a year after winning approval in China for the first domestically developed antibody-drug conjugate (ADC), Remegen Co. Ltd. raised ¥2.6 billion (US$410 million) and picked up a listing on ... ( read original story ...)
Trapped Traders Skip Showers, Lose Sleep in Shanghai Lockdown
People rest in camping beds or sleeping bags in poorly ventilated conference rooms for a little bit of privacy, while others sleep by their desks. Some cover up surveillance cameras on trading floors ... ( read original story ...)
Shanghai residents rush to stock up as second stage of lockdown looms
SHANGHAI: Residents in the western districts of Shanghai rushed to stock up on groceries on Thursday (Mar 31) as they braced to go under lockdown, as the city's authorities issued an appeal for ... ( read original story ...)
Volkswagen, Tesla Hit by Shanghai Covid Lockdown
Volkswagen and Tesla are among the companies hit by the lockdown in Shanghai, which one resident calls 'a ghost town.' A spokesperson for the German vehicle maker said the company will suspend ... ( read original story ...)