Guilherme Carvalho made his first visit to China this month, and the Italian said one of the main factors behind the trip was the post-pandemic policy to scrap entry permits for some tourists. ( read original story ...)
Xiaohongshu’s New Funding: Return To Old Times Or End Of A Chapter?
Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors The social e-commerce company’s 2023 revenue surged ... ( read original story ...)
ZEEKR And Geely: China Autos Q2 2024
Zeekr uses Geely platforms and factories, and holds a specific strategic position within the group. Learn why I rate ZK stock a hold. ( read original story ...)
Two ETFs tracking Saudi companies launched in China, showing strengthened links between Chinese, Middle Eastern financial markets
Two exchange-traded funds (ETFs) tracking large Saudi companies, including Saudi Aramco, made successful debuts in the Chinese mainland stock market on Tuesday, and their values rose by the daily ... ( read original story ...)
Saudi ETFs surge in China debut as financial ties deepen
Chinese President Xi Jinping visited Saudi Arabia in December 2022, meeting with King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman. The two countries agreed to cooperate on Saudi ... ( read original story ...)
PwC Layoffs: Firm Considering Firing Half Of Financial Services Auditing Staff In China, Says Report
PwC is contemplating reducing its financial services auditing workforce in China by as much as half, according to a Reuters’ report citing sources. This move comes amid a regulatory inquiry and a ... ( read original story ...)
PwC considers halving China financial services audit staff: Report
The move follows Chinese regulators' scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group, which, in turn, triggered the exit of some clients ... ( read original story ...)