SHANGHAI, China, May 27, 2022 (GLOBE NEWSWIRE) -- Pinduoduo Inc. (“Pinduoduo” or the “Company”) (NASDAQ: PDD), China’s largest agriculture platform, today announced its unaudited financial results for ... ( read original story ...)
Foreign-funded banks support Shanghai’s enterprises amid epidemic
Amid the latest resurgence of COVID-19, foreign-funded banks in Shanghai have provided various financial services to enterprises and helped them raise capital and hedge risks. Considering the impact ... ( read original story ...)
Shanghai Takes Baby Steps Towards Ending COVID Lockdown
Tesla added a second shift at its Shanghai plant on Thursday. Alibaba Group cited pandemic-related risks and other uncertainties for not issuing a forecast for its new business year and the central ... ( read original story ...)
Private equity, spooked by Ant Group IPO suspension, eyes Chinese ‘hard tech’ sector in paradigm shift
Companies in AI, auto technology, semiconductors, cloud computing, and new energy are set to benefit as strategies align with China’s focus on social stability and national security. ( read original story ...)
China central bank urges more lending to small firms amid COVID shocks
China's central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions' confidence to lend funds, as policymakers struggle to get the COVID-stricken ... ( read original story ...)
Covid Lockdown Costs Shanghai Its Yuan Trading Crown
Covid” policy is starting to show in Shanghai’s financial markets, with the city losing its top currency trading hub title for the first time. Shanghai handled fewer currency deals than Beijing in ... ( read original story ...)
Foreign Banks in Shanghai Provide Relief Funds to Firms in Difficulty Due to Covid
Foreign financial institutions in Shanghai have been actively helping companies to overcome their difficulties due to the Covid-19 outbreak through various means, including setting up special credit ... ( read original story ...)