Chinese smartphone maker Honor is receiving an unusually high level of support from local government backers, as the former Huawei (HWT.UL) unit prepares an initial public offering (IPO), according to ... ( read original story ...)
INSIGHT–How billionaire Jack Ma fell to earth and took Ant’s mega IPO with him
A day later, the Shanghai stock exchange said it had suspended Ant’s IPO, citing a “significant change” in the regulatory environment, prompting the company to also freeze the Hong Kong leg ... ( read original story ...)
China begins work of setting up vast network of internet satellites
The launch of the first satellites in the Qianfan Constellation sees the start of race to challenge the likes of SpaceX’s Starlink project. ( read original story ...)
Shanghai summons six coffee brands over collection of customer data, regulator says
BEIJING, Aug 7 (Reuters) - Shanghai authorities on Tuesday summoned representatives of six coffee brands, including Luckin Coffee and Costa Coffee, over what they said was the illicit collection of ... ( read original story ...)
Chinese yuan rally puts central bank’s next moves in spotlight
SHANGHAI/HONG KONG -- This week's market turmoil stemming from Japan may have given China's central bank an unlikely assist in its battle to stimulate economic activity. ( read original story ...)
The Music Pulse of Shanghai: 2024 Budweiser Storm Electronic Music Festival will Ignite National Day in Oct
On August 6, the "Shanghai Summer" flagship event, 2024 Budweiser Storm Electronic Music Festival held a press conference at The Cool Docks in Shanghai, announcing its grand arrival at Shanghai ... ( read original story ...)
Prime Land in Key Chinese Cities Remains Highly Sought After Despite Tepid Property Market
There was heated bidding for downtown plots in large metropolises such as Beijing, Shanghai, Hangzhou and Nanjing last month, with offers reaching as much as 40 percent above the asking price, ... ( read original story ...)