Nokia, China Mobile (CMCC) and MediaTek today announced that they have successfully verified the world's first 3 Components (3CC) Carrier ... ( read original story ...)
China’s Shimao sells Shanghai hotel for $708 million to state-owned firm
Shimao, which defaulted on a trust loan earlier this month, said it will sell an entity whose principal asset is the Hyatt on the Bund hotel to the Shanghai Land Group. The move comes on the same day ... ( read original story ...)
LA, Shanghai Announce Partnership Aimed at Reducing Shipping Emissions
The Port of Los Angeles announced a partnership with Shanghai Friday aimed at reducing greenhouse gas emissions during shipments between the largest ports in the U.S. and China. By the end of 2022, ... ( read original story ...)
China’s Shimao sells Shanghai hotel for $708 mln to state-owned firm
Chinese property developer Shimao Group said on Friday it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan ($707.83 million), as it seeks to reduce its debt amid ... ( read original story ...)
STAR Market Daily: STAR 50 falls 0.91%, RMB 37.1 bln traded
Shanghai Stock Exchange STAR 50 closed at 1,229.22 on Friday. The STAR Market recorded a total trading volume of 0.9 bln shares with a turnover value of RMB 37.1 bln, down 11.7% from yesterday. ( read original story ...)
Oaktree takes control of sprawling Evergrande building project near Shanghai
Oaktree Capital has seized one of Evergrande’s most-prized assets in mainland China, a rare intrusion by a global investor in a domestic crisis caused by the biggest ever collapse of a property ... ( read original story ...)
China’s Property Crisis Has Investors in Green Bonds Seeing Red
The selloff in China’s property-bond market and a string of defaults have hammered prices for many dollar-denominated green bonds issued by developers. ( read original story ...)