The China stock market has moved lower in three straight sessions, surrendering more than 150 points or 4.5 percent in that span. The Shanghai Composite index now sits just above the 3,420-point ... ( read original story ...)
JD’s Fintech Arm Likely to Withdraw China IPO, SCMP Says
JD Technology, the fintech unit of Chinese e-commerce giant JD.com Inc., is likely to withdraw its application for an initial public offering on Shanghai’s technology-heavy Star Market, the South ... ( read original story ...)
Dada Announces Unaudited Fourth Quarter and Fiscal Year 2020 Financial Results
Dada Group (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today announced its unaudited financial results for the fourth quarter and fiscal year ... ( read original story ...)
Shanghai trials digital currency payment in malls
Some Shanghai shopping malls and vending machines in subway stations are allowing customers to purchase products using digital yuan. In a shopping mall in downtown Shanghai, consumers can pay via a ... ( read original story ...)
Stock bears grip China markets as slump in liquor, tech stocks show Tesla, bond traders are not alone in their pain
Some pockets of stocks in mainland China and Hong Kong have fallen into bear-market territory after the latest sell-off. Liquor distillers and tech stocks are out of favour, while banks are heralded ... ( read original story ...)
Capital market hails government’s thrust on reforms, fundamentals
Sustained development of China's capital market can be expected as the central government has confirmed its stance on perfecting the fundamental market mechanisms in the latest Government Work Report, ... ( read original story ...)
Tesla’s once-surging stock price is tumbling.
Tesla’s share price fell by more than 10 percent Friday morning, adding to steady losses over the last month that have wiped out about a third of the automaker’s market value amid concerns about ... ( read original story ...)