Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

: Alibaba Diverts from New Retail Push in Strategy Reckoning
Speculation mounts that Freshippo and RT-Mart might be for sale as Alibaba turns it focus back on to core businesses

: China’s GDP Grew 5.3% in First Quarter, Beating Expectations
Economic momentum partly offset by a higher base from the same period last year

Li Quan has been unreachable since March, just months after one of his predecessors was convicted of bribery

: Bubble Tea Chain ChaBaiDao Launches Largest IPO of the Year in Hong Kong
Company plans to use half the proceeds to improve capacity and strengthen the supply chain and the rest to develop digital capabilities and brand promotion

EV-Maker Li Auto Dispels Rumors of Exclusive Uzbekistan Sales Network, Clamp Down on Russian Exports

The automaker also puts paid to reports that it would prohibit parallel exports of its vehicles to Russia via the Central Asian country

Apr 16, 2024 04:15 PM

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: Property Developer Times China Receives Winding-Up Petition in Hong Kong
Local lender Hang Seng Bank made the request in connection with financial obligations totaling about $266 million
Apr 16, 2024 04:26 PM

: Caixin Biz Roundup: EU Ramps Up Pressure on China’s Green Tech
Dutch and Indian buyers snap up Chinese solar panels, China rises in ranking of favored foreign investment destinations
Apr 16, 2024 04:15 PM

: CATL’s First Quarter Profit Climbs as Battery Dominance Pays Dividends
The Chinese firm saw net income climb 7% to around $1.5 billion, while revenue slipped 10% to some $80 billion
Apr 16, 2024 04:10 PM

: Ex-Top Legislature Official in Inner Mongolia Hit With Corruption Probe
Du Zi, former deputy chief of the regional legislature’s standing committee, is under investigation for violating party discipline and law
Apr 16, 2024 03:58 PM

: Chinese AI Firm Gunning for ChatGPT Hopes to Raise Up to $44.3 Million in Hong Kong IPO
Beijing-based Mobvoi is pricing its shares as high as HK$4.10 each
Apr 16, 2024 03:57 PM

: Shanghai Composite Index Fell 1.65% on Tuesday
Shenzhen Component Index closed down 2.29%
Apr 16, 2024 03:03 PM

: CX Daliy: Alibaba Renews Strategy Reset to Revive Growth Momentum
A Chinese insurer’s ex-chairman disappears from public view, sources say. The country’s regulator releases more measures to improve the stock market. Plus, Ximalaya revives plans for a Hong Kong IPO.
Apr 16, 2024 11:25 AM

: German Leader Warns China on Overcapacity, Echoing US Gripes
Olaf Scholz is in China to deliver a delicate message that if Beijing doesn’t heed European warnings to end discriminatory business practices, Brussels will have no choice but to escalate trade defense mechanisms
Apr 16, 2024 04:02 AM

: ‘Expensive’ India Lures Investors Avoiding China Risks
Half select India as a better bet for growth among the three Asian giants in survey of investors
Apr 16, 2024 03:56 AM

: Former Deputy General Manager of China Taiping Insurance Prosecuted for Bribery
Xiao Xing abused his power by seeking benefits for others in exchange for huge amounts of bribes, procuratorate says
Apr 16, 2024 03:38 AM

: Chinese PE and VC Firms Slash Pay as Industry Downturn Grinds On
Employee compensation tumbles as much as 40% as companies look to cut costs
Apr 15, 2024 08:54 PM

: Chinese Asset Managers Get Green Light to Offer Spot Bitcoin, Ether ETFs in Hong Kong
The approvals open the way for three firms to list the financial products as the city pursues its goal of becoming a global cryptocurrency hub
Apr 15, 2024 08:41 PM

: China Targets High-Frequency Trading in Wake of Market Turmoil
Greater oversight of program trading aims to maintain order in the market, CSRC says
Apr 15, 2024 08:07 PM

: Gallery: German Leader Spices Up China Trip
German Chancellor Olaf Scholz kicked off his three-day journey to China with a visit to the southwestern city of Chongqing, famous for its very hot hotpot. On his first day in the country, Germany’s leader stopped by a Bosch production facility and met with researchers working on a joint Chinese-German research project. Three German cabinet ministers and a number of German company executives are accompanying Scholz on the trip, during which he is scheduled to meet with President Xi Jinping and Premier Li Qiang
Apr 15, 2024 08:03 PM

: State-Owned Chery to Make Cars in Spain
The carmaker has purchased a former Nissan plant near Barcelona
Apr 15, 2024 08:01 PM

: Singapore Prime Minister to Step Down May 15 After 20 Years in Power
Deputy Prime Minister Lawrence Wong will succeed Lee Hsien Loong to become the country’s fourth premier in its nearly 60-year history
Apr 15, 2024 05:39 PM

: Cambodia Deports Hundreds of Suspected Chinese Gang Members
The deportations come after Cambodian police dismantled multiple gambling and fraud dens in Sihanoukville
Apr 15, 2024 04:36 PM