Legoland Shanghai Resort, the international IP-based theme park operated by British entertainment group Merlin Entertainments Ltd, is set to open in the spring or summer of 2025. It is expecting 3 to ... ( read original story ...)
Pudong mirrors China’s modernization drive
Pudong's transformation is an embodiment of China's modernization drive over the past decades. When designated a new area in 1990, Pudong was still a vast expanse of desolate farmland, said Shao ... ( read original story ...)
China banks scrap business class flights in bid to rein in costs
The push to have banks backstop struggling property firms and local government financing vehicles has added to their woes. Read more at straitstimes.com. ( read original story ...)
Tesla’s Shanghai plant delivers 947,000 vehicles in 2023
Tesla's Shanghai plant, the U.S. carmaker's first gigafactory outside the United States, delivered 947,000 vehicles in 2023, the company said on Wednesday in its production and deliveries report for ... ( read original story ...)
Cash-starved Chinese property group Dalian Wanda sells Shanghai luxury hotel to Indonesian billionaire
The cash-strapped Dalian Wanda Group sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto, at a reported price of between 1.44 billion and 1.66 billion yuan ... ( read original story ...)
Shanghai launches new online portal for expat services
Shanghai Municipal People ' s Government launched the beta version of a new online portal (english.shanghai.gov.cn) for expat services on Jan 1. Called International Services Shanghai, the new website ... ( read original story ...)
Grifols gains on plans to sell 20% of Shanghai RAAS stake to Haier
ADRs hit a 52-week high on Friday after the Spanish plasma therapeutics company announced an agreement to sell ~20% of its equity stake in Shanghai RAAS to Haier Group for about RMB 12.5B ($1.8B) in ... ( read original story ...)