Alibaba Group said on Sunday that Daniel Zhang will step down as chairman and chief executive officer of its cloud business. Zhang had previously been concurrently serving in three roles, heading the ... ( read original story ...)
BP sells Shanghai stake
BP is to sell off its 50% stake in Shanghai SECCO Petrochemical Company for 1.68 billion ... BP said the decision "aligns" its petrochemicals business in China with a global focus on areas where it ... ( read original story ...)
Norway’s US$1.4 trillion wealth fund shutters Shanghai office as Singapore takes over as its Asia hub
NORWAY’S US$1.4 trillion sovereign wealth fund has started winding down its office in Shanghai as Singapore takes over as its hub in Asia. Read more at The Business Times. ( read original story ...)
Norway’s wealth fund to close Shanghai office; Singapore to remain its sole hub in Asia
OSLO - Norway’s massive sovereign wealth fund, the world’s biggest, said Thursday it will close its representative office in Shanghai but the move will not affect its investments in China. Read more ... ( read original story ...)
Shanghai FTZ to Further Drive Financial Reform as It Enters Second Decade
The free trade zone's financial reform shall be advanced, and efforts shall be made to support the high-level opening up of the financial industry in the area and to advance Shanghai's proposal to ... ( read original story ...)
Raimondo Revives China Business Talks But Delivers No Deals
US Commerce Secretary Gina Raimondo won a promise to revive business talks between Washington and Beijing, a key step as both sides look to ease tensions. But American firms were left wondering if ... ( read original story ...)
China says open for business, sidesteps US ‘uninvestible’ comment
China has defended its business practices after U.S. Commerce Secretary Gina Raimondo said American firms had told her it had become "uninvestible," highlighting a trend of global investors turning ... ( read original story ...)