SHANGHAI/SYDNEY (Reuters) - Up to 50 investors have intruded into the central Shanghai offices of an Australian currency brokerage and are holding some of its staff against their will, in protest against losses made on currency trades, the brokerage said ... ( read original story ...)
Exclusive: Baidu, JD.com to join others investing $12 billion in state-owned China Unicom – sources
HONG KONG (Reuters) - Baidu Inc and JD.com will join other big Chinese technology firms to jointly invest about $12 billion in the Shanghai-listed unit of China Unicom, the weakest of three big state-owned telecoms firms, two people with direct knowledge ... ( read original story ...)
Shanghai records highest temperature in 145 yrs; red alert on
Shanghai today recorded its highest temperature in 145 years at 40.9 degrees Celsius with authorities issuing a red alert for China's economic hub which is reeling under an intense heatwave. The previous record high temperature of 40.8 degrees Celsius was ... ( read original story ...)
China aims to become world leader in AI, challenges U.S. dominance
BEIJING/SHANGHAI (Reuters) - China has outlined plans to become a world-leader in artificial intelligence by 2025, laying down a challenge to U.S. dominance in the sector amid heightened international tensions over military applications of the technology. ( read original story ...)
Exclusive: Baidu, JD.com to join others investing $12 bln in state-owned China Unicom – sources
HONG KONG (Reuters) - Baidu Inc (BIDU.O) and JD.com (JD.O) will join other big Chinese technology firms to jointly invest about $12 billion in the Shanghai-listed unit of China Unicom, the weakest of three big state-owned telecoms firms, two people with ... ( read original story ...)
China stocks end week higher as investors plough into blue chips
China's opening up its stock market to foreign investors by the Shanghai, Shenzhen and Hong Kong connect programmes, as well as by the MSCI's decision to include China stocks, also helped prompt a rotation into blue chips, Xu added. US index provider MSCI ... ( read original story ...)
Chinese courier ZTO sued for “untrue statements” in $1.4 billion U.S. IPO
ZTO's listing was the largest U.S. listing in 2016 and was the biggest by a Chinese company since the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd in 2014. Shares in Shanghai-based ZTO closed on Thursday at $15.68, about 20 percent below ... ( read original story ...)