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Tag: banking

Posted on 21/11/2024

China’s Pony AI seeks up to $4.55 bln valuation in upsized US IPO

Pony AI said on Wednesday it was targeting a valuation of up to $4.55 billion in its upsized initial public offering in the United States, indicating strong demand for the Chinese robotaxi firm's long ... ( read original story ...)

Posted on 21/11/2024

Shanghai-GM to restructure as sales plunge

GM is struggling to keep up with China's rapid transition to new energy vehicles (NEVs) and competition from local OEMs. ( read original story ...)

Posted on 20/11/2024

Atome Financial Secures $200 Million Syndicated Credit Facility to Accelerate SEA Expansion

Atome Financial has secured a syndicated credit facility of up to U.S. $200 million. It is led and arranged by Hongkong and Shanghai Banking Corporation Limited (HSBC) through its ASEAN Growth Fund, ... ( read original story ...)

Posted on 20/11/2024

Shanghai court says crypto ownership legal under China law amid bitcoin price surge

In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal. ( read original story ...)

Posted on 20/11/2024

Analysis-China’s cashed-up crowd is back in the stock market

Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth following into market segments sheltered from tariffs and likely ... ( read original story ...)

Posted on 20/11/2024

China’s cashed-up crowd is back in the stock market

Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth following into market segments sheltered from tariffs and likely ... ( read original story ...)

Posted on 20/11/2024

SMIC’s Nvidia-Beating 120% Stock Rally Faces Chip War Threats

Semiconductor Manufacturing International Corp.’s stock has more than doubled over the past two months on an expected boost from China’s self-reliance push, even amid risks tied to competition and ... ( read original story ...)

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