Shocked landlord returns to flat after two-year hiatus to find chickens roaming and flying around, says property needs complete redecoration A landlord in Shanghai whose flat has been turned into a ... ( read original story ...)
China’s top stock of 2024 is AI chip designer that bested even Nvidia
Shares of AI chip designer Cambricon Technologies have climbed 383 per cent in 2024, topping the benchmark CSI 300 Index and driving its market value to US$37 billion (S$50 billion). The ... ( read original story ...)
Chinese toy maker Bloks Group targets US$188mil IPO
Bloks Group is looking to raise as much as HK$1.46bil (US$188mil) in a Hong Kong initial public offering (IPO), as the Chinese toy maker aims to ramp up product development and output, while cashing ... ( read original story ...)
China’s Benchmark Index Posts First Annual Gain Since 2021
Chinese shares ended lower, with the benchmark Shanghai Composite Index recording an annual gain of 13% following a two-year decline. Energy and telecom stocks led the gains, with CSI Solar and ENN Natural Gas rising by 3. ( read original story ...)
Stock Market Today: S&P 500 cements biggest 2-year gain since late ’90s
The S&P 500 logged another year of double-digit gains, up 23.3% to end at 5,881.63. The large-cap index built on a gain of over 24% last year, logging its best two-year performanc ( read original story ...)
Banks fined big as China’s bond yields plunge, reflecting resolve of central bank
Three institutions are slapped with multimillion-dollar penalties for bypassing regulatory requirements – the first such action taken after PBOC warnings this year. ( read original story ...)
Tesla’s Shanghai energy storage Megafactory begins trial production
Trial production was launched just seven months after construction began, setting a new record for "Tesla speed" in China, with the Shanghai Gigafactory -- Tesla's first plant in the country's eastern ... ( read original story ...)