One Chinese media source says the updated Tesla Model Y "Juniper" will enter production in Shanghai in January 2025. When production starts in Europe and the U.S. is still unknown but camouflaged ... ( read original story ...)
Shanghai’s first data tech State-owned enterprise launched
A State-owned enterprise (SOE) was officially launched in Shanghai on Thursday, the first central enterprise that focused on data technology. ( read original story ...)
Chinese fintech giant Ant denies imminent restart of IPO process
Ant Group, the fintech affiliate of Alibaba Group Holding, said it had no immediate plans to revive its initial public offering (IPO), dispelling market speculation it would soon go public. The ... ( read original story ...)
Shanghai Stock Exchange reports 184% rise in mid-year dividend payouts by listed companies so far in 2024
China’s public companies listed at its A-share market have significantly increased their dividend payouts in 2024, with 481 companies listed at the Shanghai bourse pledging to pay their share-holders ... ( read original story ...)
Tesla’s Shanghai factory head leaves company, according to letter
Shanghai gigafactory, Song Gang, has left the company, according to a letter he wrote to staff on Wednesday. The Morning Brief anchors Madison Mills and Brad Smith report more on this story and what ... ( read original story ...)
Ant Group Warns Against ‘False’ IPO Rumors
The Chinese fintech company, co-founded by billionaire Jack Ma, said it has no plans to go public, striking back at social-media posts contending the company was exploring a potential backdoor listing ... ( read original story ...)
Stock Market Today: Asian shares track Wall Street’s selloff after Fed hints at 2 rate cuts in 2025
Shares skidded Thursday in Asia after U.S. stocks tumbled to one of their worst days of the year when the Federal Reserve hinted it may deliver fewer rate cuts in 2025 than earlier thought. The Fed ... ( read original story ...)