One day after U-turning on its late-December decision to delist three Chinese telecom companies from its exchange, the New York Stock Exchange U-turned again on Wednesday and announced it would, after all, delist the three companies. “If you are confused, so am I and it seems like the dying days of the Trump Administration will […]
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. led a technology stocks selloff as the Trump administration considers barring investments in China’s two most valuable companies. Alibaba fell more than 5% and Tencent dropped as much as 4.4% in Hong Kong trading on Thursday, tracking losses in their New York-listed securities. The State Department, Department […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Zhong Shanshan has turned water into gold. Zhong, chairman of Chinese bottled water empire Nongfu Springs, has become the sixth richest person on the planet as shares in his company has soared nearly 20% since […]
In the three decades since he founded e-commerce behemoth Alibaba Group, Jack Ma has reveled in his identity as China’s most flamboyant billionaire. He has been a regular at the World Economic Forum in Davos and the Fortune Global Forum, appeared at Alibaba events dressed as a punk rocker and Michael Jackson, and even performed […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Last Friday, China’s Ministry of Finance cut subsidies for electric vehicles (EVs) by 20% this year, as sales of so-called new energy vehicles (NEVs)—a category covering hybrids, plug-ins and hydrogen-powered autos—regained momentum after plunging during […]
Qantas Airways Ltd. has started taking bookings for international flights from July 1 in a perhaps optimistic view that by then, vaccinations will have begun to curb the spread of the coronavirus and travel demand will pick up. Ticket sales for Japan, Hong Kong and Singapore, which had been set to start in March, have […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Last Thursday, the New York Stock Exchange announced it had begun a process of delisting three Chinese telecom companies from its bourse, to keep in line with an executive order issued by President Donald Trump […]
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. Sinovac, the private Chinese drugmaker, has delayed releasing phase III trial data for its COVID-19 vaccine multiple times, but its vaccine is still proving popular. On Monday, Thailand’s government said it would import 2 million […]
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 […]