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 ...)
Shanghai Court Recognizes Virtual Currency as Property, Tightens Trading Crackdown
A Shanghai court has recognized virtual currency as property under Chinese law, emphasizing that this does not permit its use as currency. ( read original story ...)
Atome Financial secures another US$200 mil syndicated credit facility from HSBC
The fintech group had secured a US$100 million facility from HSBC in 2022 to expand its payments business across Asia. ( read original story ...)
China’s retail rally in lower-tier locales tops big-city light spenders
People face less daunting financial pressures and lesser debt burdens in smaller Chinese cities, with relatively stable expectations about the future. ( read original story ...)
Pony AI Nears US IPO as Self-Driving Rivalry With China Heats Up
The Guangzhou-headquartered company, which makes self-driving software and operates a fleet of 250 robotaxis in cities including Beijing and Shanghai, is part of a growing cohort of companies in China ... ( read original story ...)
Russia set to power China’s financial capital Shanghai with a new gas pipeline
China’s financial capital Shanghai is expected to get ‘stable natural gas supply’ by the end of this year as the work on China-Russia east-route natural gas pipeline has completed seven months ahead o ... ( read original story ...)
A surge in mass attacks has killed dozens in China in recent months
Dozens of people have been killed in China in the past three months in a series of mass attacks using vehicles or knives. ( read original story ...)