Government News
Europe becomes bigger IPO market than US for Chinese firms - September 09, 2022
Europe has overtaken the United States for the first time in terms of the amount of proceeds raised by Chinese companies from initial public offerings and secondary listings, according to data from UK financial markets platform Dealogic.
China's mooncake sales surge online with new sugar-free trend - September 09, 2022
Mooncake sales jumped on JD.Com, one of the biggest e-commerce platforms in China, as the country is approaching this year's Mid-Autumn Festival while consumers are seeking healthier options.
Work starts on new reactor in Guangdong as China promotes self-developed nuclear technology - September 09, 2022
Unit Five of the Lufeng Nuclear Power Plant broke ground today, less than six months after it was given the greenlight, as China speeds up the roll out of its domestically developed third-generation nuclear reactors to bolster electricity production.
Nio's quarterly revenue tops 10 billion yuan for first time; EV maker prepares to enter US market - September 12, 2022
Nio raked in record revenue in the second quarter, exceeding CNY10 billion (USD1.4 billion) for the first time, as sales of new energy vehicles boom.
iPhone 14 may help cement Apple's foothold in China's high-end smartphone market, IDC says - September 12, 2022
The fact that Apple has kept the price of the low-storage version of its new iPhone 14 series unchanged and introduced some attractive upgrades could prompt a buying boom which will consolidate the US tech giant's position in China's deluxe mobile phone market
Tencent ups stake in France's Ubisoft to boost overseas gaming presence - September 12, 2022
Tencent Holdings, the world's biggest video game company, has increased its shareholding in French gaming giant Ubisoft Entertainment to expand its footprint in the international gaming market and counter sliding revenue at home.
Chinese exporters of air source heat pumps thrive as European demand jumps - September 07, 2022
Chinese manufacturers of air source heat pumps have seen exports boom in the first half, especially to Europe where governments are keen to subsidize this eco-friendly heating system that draws its source of heat from the surroundings. This is in stark contrast to a sharp drop in overseas sales of most other household appliances.
BASF kicks off production of engineering plastics in China's Zhanjiang - September 07, 2022
German chemical giant BASF's first plant at its new Zhanjiang Verbund site in southern Guangdong province has started operating and will supply 60,000 metric tons of engineering plastics compounds per year to the China market.
China's stricter cheese standards to refine flavors, experts say - September 07, 2022
China's cheese market should become more differentiated with higher standards to be introduced by year-end, according to industry insiders.
Geely-backed firm to unveil world's first low-orbit satellite consumer phone - September 07, 2022
Xingji Shidai Technology, set up by carmaker Geely Holding Group a year ago, plans to roll out the world's first consumer cellphone that can directly connect with satellites in low orbit.
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