Late last month, there were reports that Tesla ( NASDAQ:TSLA) was beginning to export vehicles from its factory in Shanghai to the European market. The news suggested that either demand was suffering ... ( read original story ...)
Hillhouse Says It Has No Interest to Take Soho China Private
Hillhouse Capital Management said it has no interest in taking Soho China Ltd. private. The Chinese property developer’s stock pared gains. ( read original story ...)
China’s president ‘personally blocked’ Jack Ma’s Ant Group IPO
In August, the Chinese fintech giant unveiled plans for a dual-listing stock market debut in Hong Kong and on the Shanghai Stock Exchange's Star Market. ( read original story ...)
Ant’s record-breaking $37 billion IPO was personally halted by China’s Xi Jinping after boss Jack Ma snubbed government leaders, report says
A week before Ant was set to go public, Ma made incendiary comments that didn't go down well with the president or government officials. ( read original story ...)
UPDATE 1-Chinese state-firm debt defaults trigger market selloff, fears of crisis
Chinese banks and fund managers dumped their holdings of riskier corporate bonds on Friday after a series of defaults by top-rated state-owned enterprises (SOEs) sent shockwaves through the mainland ... ( read original story ...)
China approves Shanghai Fosun’s unit to run human testing for BioNTech’s COVID-19 vaccine
Shanghai Fosun Pharmaceutical Group said on Friday that its unit has received clinical trial approval from China's National Medical Products Administration for a COVID-19 vaccine candidate developed ... ( read original story ...)
EMERGING MARKETS-Asian stocks drop as virus worries offset vaccine-led recovery hopes
Most emerging stocks in Asia fell on Friday as worries over surging COVID-19 cases across the globe dampened hopes for a near-term effective vaccine, with Shanghai leading losses after the United ... ( read original story ...)