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Posted on 26/06/2023

Shanghai home sellers forced to offer big discounts as transaction volume slides

Homeowners in Shanghai hoping to sell their flats are offering discounts of up to 10 percent to attract a dwindling population of would-be buyers amid a weak property market and bearish forecasts for ... ( read original story ...)

Posted on 26/06/2023

Average Annual Salary of Shanghai’s Skilled Talents Rose Over 9% to USD22,600 Last Year

The average annual salary of skilled talents in Shanghai jumped 9.4 percent to CNY162,200 (USD22,600) last year from the previous one, according to the latest official data. Junior technicians had the ... ( read original story ...)

Posted on 26/06/2023

Shanghai power grid augmented with ‘homemade heart’

Workers from State Grid's Shanghai branch test the newly assembled controllable line-commutated converter at Nanqiao converter station in Shanghai. [Photo provided to] China's first 500kV direct ... ( read original story ...)

Posted on 26/06/2023

China’s biggest IPO in years poses $9bn question for Goldman Sachs and rivals

Goldman Sachs, JPMorgan and other western banks have spent months lobbying to work on one of China’s biggest-ever stock market listings. The planned $9bn Shanghai listing of Swiss agricultural ... ( read original story ...)

Posted on 26/06/2023

Alibaba CEO and chairman Zhang to resign to focus on cloud business

SHANGHAI: Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus ... ( read original story ...)

Posted on 26/06/2023

Shanghai International Film Festival’s 25th Edition Delivered on Promise to Take the Pulse of Asian Cinema Now

China's leading movie event featured everything from a first-time filmmaker from Laos to 92-year-old Japanese film legend Yoji Yamada, with industry forums also predicting future trends — like a bold ... ( read original story ...)

Posted on 25/06/2023

Week In Review: AstraZeneca Considers Spinning Off China Ops Into Separate Company

AstraZeneca may separate its China operations into a standalone company and conduct an IPO in Hong Kong or Shanghai to protect its business from east-west political tensions. Cutia Therapeutics, a ... ( read original story ...)

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