New SOE China Rare Earth Group Established to Strengthen Dominance of Industry
China Rare Earth Group Co., Ltd., a state-owned enterprise (SOE), was established on Thursday in eastern China's Jiangxi Province.
12/24/20212 min read
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GSX Fights Back As Citron Releases Part 3 of its Short Report
GSX.com issued a statement, claiming Citron's short report Part 3 is "full of false allegations."
5/8/20202 min read
Huawei Expects 2019 Revenue to Soar 18%, Predicts Tough 2020
Huawei’s full-year revenue would likely soar 18% in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier estimates, with a US boycott likely impeding the company’s growth.
12/31/20192 min read
Nayuki's Tea Edges Down Amid Debut Hong Kong IPO
On the first day of its listing, Nayuki's Tea dropped by over 10%, dropping to the lowest price of HK $17.3 per share and an issue price of HK $19.8 per share.
6/30/20212 min read
Luckin Coffee Promotes Restructuring Plan, Several Phased Goals Already Completed
Luckin Coffee Inc. released the third report of the Joint Provisional Liquidators to the Grand Court of the Cayman Islands on Tuesday night.
9/8/20212 min read
Alipay, WeChat Pay Enter Southeast Asia and Local Mobile Payment Market
Ant Financial announced in Hong Kong that four local wallets in Hong Kong, Thailand, India and the Philippines – Alipay HK, Paytm, GCash, and Truemoney – partic...
Prosus Continues to Reduce Its Stake in Tencent
Prosus, a major shareholder of Tencent, announced that as part of its ongoing share buyback plan, it will deposit 96 million Tencent shares it holds into the Hong Kong Central Clearing and Settlement System (CCASS) in certificate form this week to enable these shares to be traded orderly on the market.
BYD Unveils Appearance of Seal Electric Sedan
Shenzhen-based automaker BYD unveiled on Wednesday the appearance of its new all-electric mid-size sedan, the Seal.
3/31/20223 min read
Xiaomi Invests in Yinglefei Semiconductor
On July 18, Yinglefei Semiconductor (Nanjing) Co., Ltd. changed its business registration information and added several new shareholders, including Hubei Xiaomi Changjiang Industrial Investment Fund Partnership.
7/19/20222 min read
State Power Investment Corporation Limited and Alibaba Reach Agreement
On July 5, State Power Investment Corporation Limited (SPIC) and Alibaba Group signed a strategic cooperation agreement along with eight implementation agreements.
7/6/20222 min read
India's Income Tax Department Raids Local Offices of Chinese Companies Including Xiaomi, OPPO and OnePlus
India's Income Tax Department has conducted raids of the offices and manufacturing plants of a range of firms including Xiaomi, OPPO, OnePlus and Foxconn in a major crackdown.
12/24/20212 min read
Former Huawei "Genius Youth" Peng Zhihui's Startup AgiBot Releases Embodied Foundation Model GO-1
AgiBot, founded by Huawei Technologies' former “Genius Youth” recruit Peng Zhihui, unveiled the Genie Operator-1 (GO-1), an innovative generalist embodied foundation model, on March 10.
3/10/20252 min read