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Carsharing
GoFun Is on Brink of Being First Profitable Car-Sharing Firm, CFO Says
yicaiglobal.com - Zhang Yushuo
(Yicai Global) Oct. 18 -- Chinese car-sharing provider is a stone’s throw from being the first profitable company of its kind, according to its chief …
eCommerce
JD to Provide Smart Solutions to Regional Chinese Retailer Dongbai
yicaiglobal.com - Tang Shihua
(Yicai Global) Oct. 18 -- Chinese e-commerce giant JD.Com will provide intelligent technology services to traditional regional retailer Dongbai and …
China
Haunted House Sold for 4.35 Millions In China
yicaiglobal.com - Benjamin Roberts
(Yicai Global) Oct. 18 -- When the Nanjing villa was put up for auction in June, its reserve price was set at 4.35 million yuan ($676,000) — around …
China
China's Huawei Debuts Mate 20 Series to Rival Apple
yicaiglobal.com - Liao Shumin
(Yicai Global) Oct. 18 -- Huawei Technologies has released its Mate 20 series which involves a battery upgrade to graphene, triple camera set-up and …
Tencent Holdings
Tencent-Backed Chinese Autopilot Firm Momenta Enters Unicorn Club
yicaiglobal.com - Zhang Yushuo
(Yicai Global) Oct.18 -- Two-year old Chinese driverless tech startup called Chusudu Technology, also known as Momenta, has finished its latest round …
China
Renault-Brilliance to Launch Three Electric Van Models in China Within Two Years
yicaiglobal.com - Xu Wei
(Yicai Global) Oct. 18 -- French carmaker Renault has inked a deal with a Chinese partner to launch three electric light commercial vehicles within …
Automotive Industry
Foton Motor to Sell Off Stake in Iconic German Brand for USD563 Million
yicaiglobal.com - Tang Shihua
(Yicai Global) Oct. 18 -- Foton Motor will sell off a 67 percent stake in wholly-owned unit Brogward Automobile, the classic German auto brand that …
Trucking
Knorr-Bremse Chips In To SF-Trailernet Technology’s Pre-A Round in China
yicaiglobal.com - Zhang Yushuo
(Yicai Global) Oct. 18 -- Shenzhen-based smart tractor-trailer system supplier SF-Trailernet Technology has received an undisclosed investment amount …
China
Suning, Cainiao Start Preparations for China’s Double Eleven Online Shopping Festival
yicaiglobal.com - Zhang Yushuo
(Yicai Global) Oct. 18 -- With only 24 days left to go until China’s shoppers storm the country’s e-commerce platforms looking for bargains on Double …
Chinese Steelmaker Shougang to Expand in Hebei to Tap NEV Parts Market
yicaiglobal.com - Tang Shihua
(Yicai Global) Oct. 18 -- Chinese state-owned steel firm Shougang Group will build a new production base with its unit to cater to the demand for …
ICBC
ICBC Swaps Debt for Equity in Two Listed Firms as China Looks to Cut Big Borrowers’ Debts
yicaiglobal.com - Tang Shihua
（Yicai Global) Oct. 18 -- State-owned Industrial and Commercial Bank of China, the world’s biggest bank in terms of assets, has agreed to write off …
Airports
Tesla Buys Discounted Land for Super Factory in Shanghai
yicaiglobal.com - Liao Shumin
(Yicai Global) Oct. 18 -- US car firm Tesla has obtained a nearly one-kilometer plot for its first overseas production base in Shanghai at a lowered …
China
China’s FDI Growth Cooled in September Despite Rise in Belt and Road Projects
yicaiglobal.com - Xu Wei
(Yicai Global) Oct. 18 -- Growth in China’s foreign direct investment eased last month compared with the eight months prior, though outbound …
China
China Asks Actors, Directors to Check Tax Returns in Yin Yang Probe
yicaiglobal.com - Chen Hanci
(Yicai Global) Oct. 18 -- China's duties regulator has stepped up supervision to cope with the supposedly common practice of tax evasion in the …
Airports
Tesla Buys Discounted Land for Shanghai Gigafactory
yicaiglobal.com - Liao Shumin
(Yicai Global) Oct. 18 -- US electric carmaker Tesla has secured a nearly one-kilometer plot of land in Shanghai for its first overseas production …
Market Trends
China Sets Up Bailout Fund for Asset-Pledging Tech Firms
yicaiglobal.com - Yuan Ziyi
(Yicai Global) Oct. 18 -- Chinese investment bank Dongxing Securities and the central government's state-owned asset manager have launched a CNY10 …
Bank of China
China Shrinks US Treasury Holdings for Third Straight Month
yicaiglobal.com - Xu Wei
(Yicai Global) Oct. 17 -- Chinese cut its holdings of United States Treasuries for the third straight month in August to take them to a more than …
FDA
Chinese Vaccine Maker Punished After Drug Safety Scandal
yicaiglobal.com - Liao Shumin
(Yicai Global) Oct.16 -- Chinese vaccine maker Changchun Changsheng, whose rabies vaccines involved in drug safety scandal, has been fined and its …
FDA
China Drug Administration Fines Changsheng Biotech USD1.8 Billion Over Fake Rabies Vaccine Scandal
yicaiglobal.com - Liao Shumin
(Yicai Global) Oct.17 -- China Food and Drug Administration has fined Changsheng Biotechnology as well as confiscated illegal income to the tune of …
ETFs
Shanghai Bourse, Euronext to Offer More French ETFs for Chinese Investors
yicaiglobal.com - Liao Shumin
(Yicai Global) Oct.17 -- The Shanghai Stock Exchange and Euronext will join hands to bring Chinese investors a better access to cross-border …
Guangzhou
Guangzhou to Tempt Top Talent With USD14,443 Yearly Perks
yicaiglobal.com - Lin Xiazhao
(Yicai Global) Oct. 16 -- Guangzhou is actively wooing professional service talent to better spearhead development in its greater bay backyard that …
London Stock Exchange
17 Securities Firms Test CDR Issuance for Shanghai-London Stock Connect
yicaiglobal.com - Liao Shumin
(Yicai Global) Oct. 17 -- Some 17 securities traders have expressed an interest in joining the Shanghai-London Stock Connect program and taken part …
South-east Asia
NE-SE Asian Supergrids Need USD5 Trillion, Beijing Energy NGO Says
yicaiglobal.com - Dong Xin
(Yicai Global) Oct. 17 -- The Northeast Asia energy interconnection project investment will be nearly USD2.7 trillion while that of Southeast Asia …
Administrative Law
Zhonghong May Be First to Delist for Share Price Below Face Value for 20 Days
yicaiglobal.com - Xu Wei
(Yicai Global) Oct. 18 -- The first company in China is poised to delist because its stock price has stayed under face value for 20 straight trading …
China
Norwegian Salmon Spawn Sevenfold Rise in Massive China Market
yicaiglobal.com - Feng Difan
(Yicai Global) Oct. 17 -- Norway’s salmon exports grew by seven times in July, Knut R. Sorlie Yicai Global, commercial counselor with the office of …
Municipal Government
Chinese Handset Maker Smartisan Hammers Dissolution Reports
yicaiglobal.com - Zhang Yushuo
(Yicai Global) Oct. 17 -- Smartisan Technology has dismissed media reports that the smartphone maker could disband after closing its unit in the …
Chamber of Commerce
Just 3% of AmCham Shanghai Members Plan to Leave Over Trade Tension, Chamber President Says
yicaiglobal.com - Jing Yezi
(Yicai Global) Oct. 16 -- Just 3 percent of members belonging to the American Chamber of Commerce in Shanghai plan to exit China due to rising trade …
China
CSRC to Ease Up On A-Share Funding via Stock Issues, Investment Banker Says
yicaiglobal.com - Zhang Jingyi & Yuan Ziyi
(Yicai Global) Oct. 17 -- Recent documents on financial questions and answers for A-share listed companies' refinancing reviews by the China …
China
China's Goertek to Expand to Make Smart Wearables in Nanning
yicaiglobal.com - Tang Shihua
(Yicai Global) Oct. 17 -- Goertek will construct a new manufacturing base for its intelligent products including smart headphones, speakers and …
China
Bytedance Takes Aim at Chinese E-Commerce With New App Under Toutiao
yicaiglobal.com - Liao Shumin
(Yicai Global) Oct.17 -- China’s leading news aggregator app Jinri Toutiao has launched an online shopping app as part of parent company Bytedance …