Shanghai

Major Chinese cities Shanghai and Shenzhen are poised to lift significant home purchase restrictions in the coming weeks, aiming to attract buyers and revitalize their struggling real estate markets. What Happened: The changes will allow potential buyers to purchase homes without undergoing...

Liang Chen, the general manager of Tencent Holdings‘s (OTC:TCEHY) Tencent Cloud’s internet industry department, has expressed skepticism about the widespread use of artificial intelligence in the gaming industry. What Happened: Chen, who is responsible for enhancing game manufacturers...

Streaming giant Netflix Inc (NASDAQ:NFLX) has bought the international rights to a Chinese series, marking its continued focus on content coming out of Asia. What Happened: The success of "Squid Game," "One Piece" and other Asian series for Netflix has led to the streaming company focusing on the...

JPMorgan Asia Pacific CEO Sjoerd Leenart emphasized the significance of China in the global economy, stating that it is a country that can’t be ignored. What Happened: Leenart highlighted the growing importance of China as a global economic powerhouse, asserting that it is a country that...

JinkoSolar Holding Co Ltd (NYSE:JKS) shares are trading higher after the Shanghai, China-based company reported first-quarter fiscal 2024 results. JKS's Q1 revenue decreased 1.2% year-over-year to $3.19 billion, missing the consensus of $3.25 billion. Quarterly shipments increased 51.2% Y/Y to 21,...

Nvidia, AMD chip-rival Huawei Technologies is significantly bolstering its semiconductor research and development capabilities by establishing a new, expansive center in Shanghai. What Happened: Huawei Technologies is escalating its efforts in semiconductor research and development by establishing...

The Chinese government’s efforts to stabilize the country’s stock market, which has seen a $7 trillion rout, are proving ineffective. Investors are skeptical that President Xi Jinping can use the same strategies that worked in 2015 to address the current market crisis. What Happened:...

Chinese investors are increasingly anxious about the potential re-election of former U.S. President Donald Trump, amidst a struggling economy and plummeting stocks, reports Goldman Sachs. What Happened: Goldman Sachs identified Trump’s potential re-election as a significant concern among...

Shanghai unveiled a comprehensive strategy to advance its blockchain technology capabilities through 2025. The city's initiative encompasses a range of areas, including blockchain system security, cryptographic techniques, smart contracts and more. The local government believes these...

In a recent development, Tesla Inc. (NASDAQ:TSLA) has begun laying off some of its battery production workers at its Shanghai plant, Bloomberg reports. Reasons Behind the Layoffs The layoffs come amidst a fierce price war in China, leading to heavy discounts on cars across manufacturers. The exact...

The easing of COVID-19 curbs in China has left its megacity of 25 million people struggling amid the rising cases in the country.  What Happened: Months after Shanghai had introduced a strict lockdown to stop the spread of COVID-19, the virus is making its way back to the city with people left...

On Sunday, protests spread across Shanghai and Beijing against China's strict 'zero COVID' policies. It's been almost three years since China has followed some of the strictest COVID restrictions in the world. After a deadly fire in northwestern Urumqi, people have been protesting...

The Shanghai Municipal Commission of Economy and Informatization has written a letter to Sichuan authorities asking them to prioritize access to power for 16 local suppliers of Tesla Inc. (NASDAQ: TSLA) and SAIC Motor Corporation Limited considering supply chain stability, reported Nikkei Asia....

Amid the easing COVID-19 restrictions in China, Walt Disney Co's (NYSE: DIS) Disney Resort in Shanghai is set to reopen some retail and park areas from Friday. What Happened: In an alert on its website, the company said Shanghai Disney Resort’s Wishing Star Park, the World of...

As the largest tech company in the world, Apple Inc (NASDAQ: APPL) has a global reach, unlike any other company. Because of its scale, Apple has a bigger market share of the global supply chain than most companies, allowing it to demand higher quality products and impose harsher terms on its...