An Australian currency brokerage said three staff members in Shanghai, who were being held against their will by a group of investors that intruded into its offices last week, had been released and were now helping with a local police investigation. ( read original story ...)
Shanghai land sale sets stage for new homes
Two parcels of land in Shanghai allocated for the city's residential leasing scheme were sold to two State-owned companies today. The land is expected to provide space for at least 1,897 residential rental units, signaling the city's first step in its ... ( read original story ...)
Foreign funds stay away from Shanghai, in biggest slump since 2010
Shanghai, the megacity that’s been the epitome of mainland ... in a sign that growing protectionism, rising costs and a tougher business environment are pushing global companies to look elsewhere. Contracted foreign funds, an indicator of future ... ( read original story ...)
Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources
U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. Shanghai ... ( read original story ...)
Delta plans to relaunch Atlanta-Shanghai flights
Delta relaunched service between Atlanta and Seoul last month. Gov. Nathan Deal said in a written statement that the Shanghai route would boost tourism and business connections. “The flight will help shorten supply chains for our companies and give them ... ( read original story ...)
Grouse Mountain Resorts sold to Shanghai-based investment firm: report
North Vancouver’s Grouse Mountain Resorts is under contract to be sold in a deal expected to finalize in the coming days, company officials confirmed Thursday. The property has been on the market since September 2016 when the current owners, the ... ( read original story ...)
Did Shanghai’s commissar just endorse bicycle-sharing apps with his ride around city?
Shanghai’s most senior official appeared to give his tacit ... play a decisive role in a new business Cao Hua, partner, Unity Asset Management According to the state-owned Labour Daily, the number of bikes used in the schemes surpassed 1 million recently ... ( read original story ...)