China's Alibaba Group said on Sunday that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company announced he would leave his roles as group CEO and ... ( read original story ...)
Alibaba says Daniel Zhang steps down from cloud business
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 ...)
China Relaxes Rules for Insurers to Invest in Stock Markets
The National Administration of Financial Regulation (NAFR)said on its website that the risk weighting for CSI300 Index constituents would be reduced to 0.3 from 0.35, while that for stocks listed on ... ( 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 ...)
First 5G-wired ocean liner’s second sea trail is completed in Shanghai
Adora Magic City, starts a new sea trial in Shanghai on September 7, 2023. The 135,500-ton ship will undergo 90 tests, includin ... ( read original story ...)
Shanghai Releases 7 Land Parcels For Sale, With A Starting Price Of 18.5 Billion Yuan
The Shanghai Land Exchange Market announced the transfer of land for commercial housing, a total of 7 plots of land with an approximate area of 50.14 hectares. The plot locations cover Pudong, Jingan, ... ( read original story ...)
China is racing ahead in research output amid tech curbs, but quality must keep pace with volume, Shanghai forum learns
Beijing, Shanghai and Shenzhen are among top 10 most innovative and most ideal for scientists, studies released at Pujiang Innovation Forum show China will work with other nations to create 'open, ... ( read original story ...)