China
SMIC Shares Soar in Shanghai, in a Successful Debut
Semiconductor Manufacturing International Corporation (SMIC), China’s biggest chip maker, surged on its stock debut, more than tripling its value in the midst of a state-endorsed bull market while setting a...
July 16, 2020
7:15 am By Neha Mule
Alibaba’s Jack Ma Sells $8.2 Billion Worth Shares,...
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing releas...
July 13, 2020
4:18 pm By Neha Mule
China Puts Final Satellite into Orbit to Try to Riva...
China on Tuesday successfully put into orbit its final Beidou satellite, completing a navigation network years in the making and setting the stage to challenge the U.S.-owned Global Positioning System (GPS).
...
June 23, 2020
12:50 pm By Neha Mule
China’s JD.com Raises Almost $4bn in Hong Kong Sha...
China’s second largest online retailer JD.com has raised almost $4bn (£3.2bn) after making its Hong Kong Stock Exchange debut on Thursday.
Its shares jumped by more than 5% after listing, marking the...
June 18, 2020
10:52 am By Neha Mule
China Finalizes New IPO Rules for Shenzhen’s ChiNe...
China has finalised new rules for companies looking to list on Shenzhen’s ChiNext board, streamlining the listing process and allowing IPO pricing to be fully determined by the market.
Shenzhen Stock Exc...
June 13, 2020
12:18 pm By Neha Mule
China’s Zijin Mining to Buy Guyana Goldfields for ...
China’s Zijin Mining said on Friday it would acquire Guyana Goldfields for C$323 million ($238 million), bringing an end to a protracted takeover battle for the Canada-listed gold miner.
Toronto-based...
June 12, 2020
1:16 pm By Neha Mule
TSMC Says Could Fill Order Gap if Unable to Sell Chi...
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd. prevent sales to the Chinese firm, the company’s chairman said o...
June 9, 2020
9:05 am By Neha Mule