Twelve major sports events held in Shanghai last year led to direct consumption worth over 400 million US dollars, said a report released by the Shanghai Administration of Sports and the Shanghai ... ( read original story ...)
China Market Update: The “More Bark Than Bite” Rally
NetEase’s Hong Kong listing appears to be imminent with the company issuing 171mm new shares at a sale price of HKD 126 according to Bloomberg. ( read original story ...)
Hong Kong and Shenzhen stocks surge more than 3% as China’s May factory activity expands
Stocks in Asia Pacific were higher on Monday as data releases showed China's factory activity expanding in May. ( read original story ...)
Why Virgin Atlantic’s Chief Commercial Officer Is Optimistic About The Future
Virgin Atlantic is looking for investors as it seeks to maintain liquidity in the midst of the COVID-19 crisis and a drastic downturn in demand. But Virgin Atlantic’s CCO Juha Jarvinen is positive ... ( read original story ...)
Softbank closes $500 million funding round for Didi’s autonomous driving unit
China's Didi Chuxing has banked $500 million in investment dollars for its autonomous driving subsidiary following the closure of its first funding round led by Softbank Vision Fund 2. The investment ... ( read original story ...)
Is the office era over? The surprising truth about working from home
Employers used to believe remote workers were happier but less productive. Turns out the it’s the opposite. That has big implications for the future of work once the pandemic ends ... ( read original story ...)
Didi Chuxing’s Robotaxi Unit Lands $500 Million From SoftBank-Led Group
The fund-raising comes against the backdrop of SoftBank’s decision to sell about $41 billion in assets to stem losses on some of its other investments. ( read original story ...)