China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some ... ( read original story ...)
Stock market today: Asian shares are mixed on signs of slowing growth in the US and China
A person walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, July 10, 2023, in Tokyo. Asian shares got the week off to a slow ... ( read original story ...)
Foxconn Industrial’s Shares Fall After Foxconn’s Shanghai-Listed Arm Names Its GM as New Chairman
Shares of Foxconn Industrial Internet fell after the Shanghai-listed unit of Apple supplier Hon Han Precision Industry, better known as Foxconn, promoted its general manager to chairman. Foxconn ... ( read original story ...)
Shanghai luxury home prices under pressure as affluent worry about economy, with some buyers asking for discounts of 15 pc
The downward spiral for luxury homes in the commercial and financial hub has added to bearish sentiment in China’s real estate market, with economic worries lingering. ( read original story ...)
Tesla’s China deliveries account for more than half of global sales
Tesla’s deliveries from its Shanghai factory more than doubled in the second quarter, accounting for over half of its record global sales, according to a Chinese trade group. Tesla (TSLA ... ( read original story ...)
Shanghai police warn of FaceTime scams
The public should be on high alert for telecom fraudsters upon receiving FaceTime calls from strangers, Shanghai police said in a notice on Saturday. The Shanghai center against telecom fraud, ... ( read original story ...)
Hong Kong’s Paul Chan hints at ‘goods news’ after Shanghai trip to woo top tech enterprises
Finance chief says start-ups and technology firms in Shanghai expressed enthusiasm about using Hong Kong as gateway to expand into global market 'I believe that there will be some good news in the ... ( read original story ...)