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

: In Depth: Why Chinese PE and VC Firms Are Chasing Middle East Money
Firms are turning to the region’s sovereign wealth funds as it becomes increasingly difficult to raise capital from their traditional backers in China and the West

: Meituan Tops Hong Kong Food Delivery Market After Just One Year
KeeTa overtakes Foodpanda to become the top food delivery provider in Hong Kong with more than 40% of the market

The bourse taps regulatory veteran Wang Zhe to fill vacancy left by Ren Chunsheng, sources say

: Former Top Tobacco Regulator Arrested for Bribery, Power Abuse
Ling Chengxin is the highest-ranking tobacco official caught in the graft crackdown

Changan Auto Expects to Sign Off Investment in Huawei’s Smart Car Unit by End of August

Two sides are still in talks, but Changan is expected to become an angel round investor in new smart car unit

May 03, 2024 06:38 PM

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: TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over U.S. Ban
The lawsuit indicates that ByteDance doesn’t have any intention of trying to find a buyer for TikTok as the deadline approaches
May 08, 2024 04:48 AM

: China Offers One More Year Visa Waiver for Travelers from 12 Countries
The number of foreign visitors tripled in the first quarter compared to last year as 1.99 million tourists entered China visa-free
May 08, 2024 03:50 AM

: Tesla China Shipments Sink in April Amid Broader Sector Growth
Musk’s Shanghai factory makes fewer EV cars year-on-year as pressure from China’s highly competitive market tells
May 08, 2024 03:18 AM

: China Tightens Rules on Hedge Funds With Higher Threshold, Curbs
The ‘operational guidelines’ take effect on Aug. 1 and are expected to weed out weaker and less compliant hedge fund firms
May 08, 2024 03:13 AM

: Former China Unicom Executive Li Guohua Sentenced to 16 Years in Prison for Bribery
Postal system veteran also fined $830,000 and ordered to return the money he took in bribes
May 08, 2024 02:46 AM

: Huawei-Backed EV Brand Refutes Claims a Malfunction Caused Fatal Crash
Aito offers a point-by-point rebuttal against accusations of problems with the braking system, battery, air bags and door locks of the M7 Plus involved in the incident, which left three dead
May 07, 2024 08:47 PM

: Analysis: Chinese Tourists Reluctant to Spend Big Over Labor Day Break
Weak consumer confidence showed as travelers headed for cheaper destinations and spent less per capita
May 07, 2024 08:45 PM

: Former Banking Executive Appointed Party Chief of Fujian’s Capital
Guo Ninging, a veteran banker and current executive vice governor of the province, has been named Communist Party chief of Fuzhou
May 07, 2024 08:05 PM

: Gallery: Xi Starts European Tour in France
After arriving in Paris on Sunday, President Xi Jinping met with French leader Emmanuel Macron at the Elysee Palace the following day and spoke at the closing ceremony of the sixth meeting of the China-France Business Council. Xi also had a meeting with Macron and European Commission President Ursula von der Leyen, discussing topics from trade tensions and green transition cooperation to the crises in Ukraine and Gaza. The Chinese leader is also set to visit Hungary and Serbia on his six-day tour — his first visit to the continent in five years
May 07, 2024 07:56 PM

: SAIC Motor Rebuts Claim It Held Back Info From EU Investigators
The Chinese automaker said it fully cooperated and provided all necessary information in accordance with WTO and EU rules
May 07, 2024 06:03 PM

: Commentary: Five Ways to Navigate the AI Revolution
Taking advantage of this once-in-a-generation megatrend goes beyond stock picking
May 07, 2024 03:14 PM

: Shanghai Composite Index Rose 0.22% on Tuesday
Shenzhen Component Index closed down 0.08%
May 07, 2024 03:03 PM

: Apple Is Developing AI Chips for Data Centers, Seeking Edge in Arms Race
The company is leaning on its long history of chip development in the effort, code-named Project ACDC
May 07, 2024 02:17 PM

: Congo’s $7 Billion Deal With China Linked to Copper Price Under New Contract
Nation will get $324 million annually for infrastructure projects from its Chinese partners through 2040 as long as copper remains above $8,000 per ton
May 07, 2024 01:52 PM

: Suez Signs Energy-From-Waste, Recycling Deals With Chinese Firms
The plant will be able to handle 2,000 tons of municipal sludge per day to produce heat and power, French company says
May 07, 2024 01:47 PM

: China Builder Vanke Tells Investors It’s Readied Money to Pay Bond
State-backed developer has prepared cash to repay a $201 million note due May 25
May 07, 2024 01:46 PM

: Update: China to Further Open Up Telecom, Medical Sectors to Foreign Investors, Xi Says
During a state visit to France, the Chinese president called on Europe to work toward making each other ‘key partners’ for business cooperation, ‘priority partners’ in science and technology, and ‘trustworthy partners’ in industrial and supply chains
May 07, 2024 01:36 PM