AvatarSouth China Morning Post AvatarAvatar1 hour agoShanghai planning US$13.8 billion fund of funds in pursuit of ‘several world-class industry clusters’, with eye on AI, biotech and semiconductorsverified_publisherSouth China Morning Post - Daniel RenShanghai, mainland China’s commercial and financial hub, plans to set up a 100 billion yuan (US$13.8 billion) fund of funds focusing on key …
AvatarSouth China Morning Post AvatarAvatar2 hours agoChinese education giant XJ International hit with winding up petition after defaulting on US$324 million bondverified_publisherSouth China Morning Post - Enoch YiuOne of China’s largest private education operators, XJ International, formerly Hope Education Group, is facing a winding up petition brought by …
AvatarSouth China Morning Post AvatarAvatar2 hours agoHuawei posts 9.63 per cent rebound in sales for 2023, driven by popularity of Mate 60 series 5G smartphones that defied US sanctionsverified_publisherSouth China Morning Post - Iris DengHuawei reported a rebound in sales growth for 2023, driven by strong sales of its high-end Mate 60 series 5G smartphone, as the sanctions-hit company …
AvatarSouth China Morning Post AvatarAvatar3 hours agoHong Kong cultivated seafood start-up Avant Meats seeks funds to expand Singapore pilot plant to grow groupers, snappers, eel meat from cellsverified_publisherSouth China Morning Post - Eric NgAvant Meats is expanding its lab-grown seafood production capacity amid growing popularity of sustainable seafood.
AvatarSouth China Morning Post AvatarAvatar6 hours agoChina Vanke boss acknowledges ‘pressure’ as 2023 profits slump amid liquidity distress rumoursverified_publisherSouth China Morning Post - Yulu AoThe embattled property developer posted a 46.4 per cent slump in net profit for 2023, alarming investors just weeks after markets were roiled by …
AvatarSouth China Morning Post AvatarAvatar8 hours agoChina stocks gain in rally fuelled by banks following steady earnings reports; eyes on PMI dataverified_publisherSouth China Morning Post - Jiaxing LiChinese stocks rose, on track for a second straight month of gains, led by state-owned banks which advanced on steady earnings reports. Investors …
AvatarSouth China Morning Post AvatarAvatar10 hours agoHong Kong’s IPO market struggles after slowest start since 2009 as jumbo deals vanish amid tighter regulations, poor valuationsverified_publisherSouth China Morning Post - Mia CastagnoneChina’s major stock exchanges are facing a tough start to the year as proceeds from initial public offerings in Hong Kong, Shanghai and Shenzhen …
AvatarSouth China Morning Post AvatarAvatar11 hours agoAlibaba’s Taobao cuts fees for merchants and subsidises content as it seeks to protect its market lead, reports sayverified_publisherSouth China Morning Post - Ann CaoTaobao is cutting fees and investing in content creation as it moves to fend off rivals including PDD, Douyin and Kuaishou.
AvatarSouth China Morning Post AvatarAvatar20 hours agoAgricultural Bank of China, China Construction Bank, BOC and Postal Savings Bank of China post earnings growth amid ‘positive signs of recovery’ in economyverified_publisherSouth China Morning Post - Yuke XieThe Agricultural Bank of China, China Construction Bank, Bank of China and Postal Savings Bank of China posted steady earnings growth despite …
AvatarSouth China Morning Post AvatarAvatar20 hours agoWill the US really ban TikTok? Watch what Donald Trump is sayingverified_publisherSouth China Morning Post - Ravale MohydinIn an about-face, the former president is backing the popular video-sharing app he tried to ban in 2020. He is clearly turning up the heat on Joe …
AvatarSouth China Morning Post AvatarAvatar20 hours agoXiaomi surprises with lower-than-expected pricing on new EVs, in new challenge to Teslaverified_publisherSouth China Morning Post - Che PanChinese smartphone giant Xiaomi on Thursday launched its much-awaited first electric vehicle (EV) – the SU7, short for Speed Ultra – at a venue in …
AvatarSouth China Morning Post AvatarAvatar22 hours agoChina’s EV sector a live wire for US, with war of words over excess capacity casting shadow over Janet Yellen visitverified_publisherSouth China Morning Post - Kandy WongAs more details emerge related to US Treasury Secretary Janet Yellen’s coming trip to China, signs indicate excess capacity in sectors like electric …