Recent Posts - page 388

• Chinese banking regulator finds $42.6 million stolen from housing sector loan funds

  By admin1 on March 17, 2021 • ( 0 )

  

  On Wednesday, in a report China’s Xinhua news agency reported, the country’s banking regulator found $42.6 million (277 million yuan) was stolen from funds which were supposed to serve the housing market in the southern state of Guangdong. The news… Read More ›

• China’s BYD positioning itself to tap growing EV battery market in Europe

  By admin1 on March 17, 2021 • ( 0 )

  

  Warren Buffett-backed Chinese electric vehicle (EV) maker BYD is hiring engineers for its first overseas battery plant in Europe, said the company in a statement on Wednesday. BYD is aiming to position itself as an EV parts supplier in Europe…. Read More ›

• Pfizer Inc sells Chinese biosimilar assets to XuXi Biologics Inc

  By admin1 on March 17, 2021 • ( 0 )

  

  On Wednesday, in a statement Pfizer Inc said, it has decided to stop producing biosimilar products in China; it has also decided to sell one of its business unit in the eastern city of Hangzhou to WuXi Biologics Inc. “The… Read More ›

• Baidu raises $3.08 billion from Hong Kong secondary listing

  By admin1 on March 17, 2021 • ( 0 )

  

  According to two sources with direct knowledge of the matter at hand, China’s Baidu Inc is set to raise $3.08 billion by pricing its shares at $HK252 each in its Hong Kong secondary listing. The New York listed Baidu is… Read More ›

• Stripe Plans To Expand Aggressively In Europe Following $95bn Valuation

  By admin2 on March 16, 2021 • ( 0 )

  

  A major expansion spree is being planned by Stripe, the most valuable startup of the United States. The company has recently raised $600m from investors and plans to add 1,000 jobs in Ireland alone over the next five years. The… Read More ›

• Volkswagen Is Planning Huge Expansion In Its Battery Making Capacity

  By admin2 on March 16, 2021 • ( 0 )

  

  With the aim of becoming the global leader in the electric vehicle segment, the German auto giant and the second largest car maker of the world Volkswagen has unveiled a massive expansion of battery production. By 2030, plans of building… Read More ›

• Chinese clamps down on Alibaba, orders divestiture of media assets

  By admin1 on March 16, 2021 • ( 0 )

  

  According to a report from the Wall Street Journal, the Chinese government has ordered Alibaba Group Holding Ltd to divest all of its media assets. Discussions over the matter have been ongoing since the beginning of this year, with sources… Read More ›

• Govt support structures will see U.S. solar installations touch 324GW by 2030

  By admin1 on March 16, 2021 • ( 0 )

  

  On Tuesday, a solar industry body said, solar installations in the United States are likely to quadruple by 2030 thanks to booming demand for carbon-free power and an extension of a key industry subsidy late last year. The sector is… Read More ›

• Largest U.S. labor federation calls on Biden Administration to block import of solar products from Xinjiang, China

  By admin1 on March 16, 2021 • ( 0 )

  

  In a significant development, the leader of the AFL-CIO, the largest U.S. labor federation, has called on the Biden Administration and the U.S. Congress to not import solar products from China’s Xinjiang region over human rights violations. In letters to… Read More ›

• Vanguard Group suspends plans to pursue license to run fund management company in China

  By admin1 on March 16, 2021 • ( 0 )

  

  Late on Monday, top mutual fund manager Vanguard Group said, it will no more pursue plans to obtain a license to run a fund management company in China. The discontinuation of the outsourcing augurs well for the United States since… Read More ›

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