Sellers on the app from China’s PDD Holdings are finding it difficult to resolve disputes over withheld earnings, which must be done outside the mainland.
Some bondholders demand a rejig in the defaulted Chinese developer’s US$6 billion debt restructuring plan to provide creditors with higher recovery rates.
City’s property developers hammered after Hongkong Land reported a jump in losses in its latest earnings announcement.
The biggest landlord in Hong Kong’s Central district said its underlying loss was US$7 million for the first half after a US$295 million provision for development properties in mainland China.
Li Auto and Geely’s Zeekr turned in the strongest growth in July, while Xpeng and Nio delivered more modest increases.
AMEC CEO Gerald Yin said China is on the verge of basic self-sufficiency in chip-making equipment, but is behind 5 to 10 years in quality and reliability.
Chinese firm 360 Security Technology has helped Beijing uncover 54 hacking groups, including operatives from the CIA and NSA, its founder Zhou Hongyi said.
Futu Securities is the largest online brokerage to directly sell crypto to retail investors, and it is rewarding early users with tech stocks or bitcoin.
More than 50 apps recently started accepting virtual IDs created under this proposed authentication system for user account registration and login.
CSRC’s measures to curbing the practice of borrowing stocks for the purpose of short-selling could boost market sentiment.
This is the Shenzhen-based carmaker’s largest supply deal since 2022 and comes in the wake of punitive tariffs imposed by the US and EU to deter Chinese EV exports.
A private report showed China’s manufacturing activity unexpectedly contracted in July for the first time in nine months, while home sales remained depressed.
Stocks surge as financial markets are now more assured that Beijing will unveil stimulus measures after authorities acknowledge growth slowdown.
China is narrowing the AI gap with the US through rapid progress in deploying applications and state encouragement of the technology’s adoption.
Professor and economist Justin Lin Yifu says China’s industrial policy is paramount to continued development, tech innovation and the transition to higher productivity.
According to multiple merchants on Temu, the terms between the platform and its suppliers have put them at a disadvantage.
The AI-driven sourcing tool will be accessible to merchants from September via a mobile app and the website of business-to-business e-commerce platform Alibaba.com.
Black Sesame’s listing initiative in Hong Kong would follow the successful initial public offering in June of Tencent Holdings-backed QuantumPharm.
The top bureaucrat has been replaced by Li Ming, 56, who sources believe has the leadership’s backing to weed out irregularities and shore up investor confidence.
The second quarter fundraising came in at US$3.4 billion, less than a tenth of the average US$45 billion raised each quarter between 2019 and 2021, according to data provider Preqin.
Hong Kong’s biggest currency-issuing bank announced a new round of share buy-back after reporting profits that were better than market expectation.