Chinese authorities began a probe into working conditions at Pinduoduo Inc. following the death of an employee in her early 20s that renewed criticism of the long hours commonly practiced at China’s tech companies. The e-commerce company confirmed that a female employee collapsed while walking home with colleagues at 1:30 a.m. last Tuesday. The employee, […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. The New York Stock Exchange plans to delist three state-owned Chinese telecommunications companies from U.S. stock exchanges by Jan. 11, following President Donald Trump’s November executive order prohibiting U.S. investment in companies that Washington says […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. China’s box office revenue on New Year’s Day hit a new record as moviegoers flocked to cinemas across the mainland. China’s containment of COVID-19 within its borders has allowed cinemas and other entertainment venues to […]
Chinese pharmaceutical company Sinopharm said on Wednesday that its COVID-19 vaccine candidate is 79.34% effective at preventing people from contracting the coronavirus. The state-controlled firm said it has applied to regulators in China to allow widespread use of the vaccine. Sinopharm’s Wednesday results are lower than the 86% effectiveness that the United Arab Emirates reported […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Many of the Asian countries with the most admirable COVID-19 responses share borders with and receive frequent travelers from China, the original epicenter of the coronavirus pandemic. A combination of early travel restrictions, mass testing, […]
The Chinese economy is set to overtake the U.S. faster than previously anticipated after weathering the coronavirus pandemic better than the West, according to the Centre for Economics and Business Research. The world’s biggest and second-biggest economies are on course to trade places in dollar terms in 2028, five years earlier than expected a year […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. U.S. President Donald Trump last week signed into law the Holding Foreign Companies Accountable Act, allowing the U.S. to remove foreign firms from U.S. stock exchanges if they don’t comply with auditing requirements. The legislation […]
In annually battered with pandemic-induced economic slowdowns, the worldwide IPO market will finish 2020 using a bangup more than 23 percent in value, in contrast to 2019, based to bookkeeping company KPMG. Five of those 10 largest IPOs of all 2020 (and a few of the best five) happened on exchanges in Hong Kong, Shanghai, […]
Since the very first in and the first from this outbreak, China’s market has staged a stunning recovery this season. It soared 3.2percent and 4.9percent at the third and second quarters, respectively, following dropping 6.8percent in the very first, in comparison to the very exact periods this past year. But spending has been particularly slow […]
Semiconductor Manufacturing International Corp. dropped almost 10 percent Wednesday after revealing it is looking into reports regarding the shock resignation of a top executive. China’s biggest chipmaker said it is hoping to attain co-Chief Executive Officer Liang Mong Song later online press outlets circulated a resignation letter that they stated originated with the business veteran. […]