The push to have banks backstop struggling property firms and local government financing vehicles has added to their woes. Read more at straitstimes.com. ( read original story ...)
Tesla’s Shanghai plant delivers 947,000 vehicles in 2023
Tesla's Shanghai plant, the U.S. carmaker's first gigafactory outside the United States, delivered 947,000 vehicles in 2023, the company said on Wednesday in its production and deliveries report for ... ( read original story ...)
Cash-starved Chinese property group Dalian Wanda sells Shanghai luxury hotel to Indonesian billionaire
The cash-strapped Dalian Wanda Group sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto, at a reported price of between 1.44 billion and 1.66 billion yuan ... ( read original story ...)
Shanghai launches new online portal for expat services
Shanghai Municipal People ' s Government launched the beta version of a new online portal (english.shanghai.gov.cn) for expat services on Jan 1. Called International Services Shanghai, the new website ... ( read original story ...)
Grifols gains on plans to sell 20% of Shanghai RAAS stake to Haier
ADRs hit a 52-week high on Friday after the Spanish plasma therapeutics company announced an agreement to sell ~20% of its equity stake in Shanghai RAAS to Haier Group for about RMB 12.5B ($1.8B) in ... ( read original story ...)
Grifols shares soar after sale of 20% of Shanghai RAAS for $1.8 billion
Shares in Spanish pharma group Grifols soared on Friday after it agreed to sell a 20 per cent stake in China's Shanghai RAAS Blood Products for about $1.8 billion to Chinese home appliance company ... ( read original story ...)
Grifols sells 20% stake in Shanghai RAAS to Haier Group for $1.8 billion
Spanish pharma group Grifols said on Friday it had agreed to sell a 20 per cent stake in China's Shanghai RAAS Blood Products for approximately $1.8 billion to Chinese home appliance company Haier ... ( read original story ...)