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Month: August 2023

Posted on 12/08/2023

Nio Faces Class Action Suit For Allegedly Lying About Planned Shanghai Factory During IPO

While the defendants have denied the allegations, U.S. District Judge Nicholas Garaufis issued an order to certify the class of investors who purchased Nio shares in the September 2018 IPO as well as ... ( read original story ...)

Posted on 12/08/2023

Owner of coffee passes on positive attitude of hearing-impaired employees in Shanghai

Manager Xiaoyu makes coffee at Dugout Coffee & Brunch in east China's Shanghai, Aug. 10, 2023. All the seven employees of Dugout Coffee & Brunch are hearing-impaired people. The owner of the coffee ... ( read original story ...)

Posted on 11/08/2023

China’s First International Cruise in 3 Years Sets Sail From Shanghai

HONG KONG (Reuters) - China's first international cruise in three years set sail on Friday, heading from Shanghai to Japan in a boost for the country's beleaguered cruise industry following the ... ( read original story ...)

Posted on 11/08/2023

After 3 years in China, Lehigh Valley woman returns home with new business and new perspective on the world

After her trip home for Christmas, Asp headed back to Shanghai, arriving one hour before the borders closed due to growing concerns over the coronavirus. After another brief job as an arts teacher, ... ( read original story ...)

Posted on 11/08/2023

China Drugmakers Axe IPO Plans as They Face Scrutiny in Anti-Graft Drive

Pharmaceuticals is the latest industry in the cross-hairs of Chinese regulators, and the tighter vetting of the sector's IPO candidates shows the sway regulators have over companies' fundraisings. ( read original story ...)

Posted on 11/08/2023

Once Asia’s richest woman, China property tycoon loses more wealth than any billionaire

Yang Huiyan, the once-richest woman in Asia, lost 84% of her wealth from its peak in 2021 due to the deepening debt crisis of her Chinese property dev ... ( read original story ...)

Posted on 11/08/2023

Stock market today: Asian stocks decline after US inflation edges higher

Asian stock markets declined Friday after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy. Japanese markets were closed for a holiday. Oil prices edged ... ( read original story ...)

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