China Newsbase

China Grand Pharmaceutical to Acquire 7.6% Stake in Telix

November 1, 2020 Source: Bloomberg

Indebted China Evergrande to raise $2.2 billion from Xinjiang Guanghui stake sale

Debt-strapped China Evergrande will raise 14.9 billion yuan ($2.23 billion) by selling a 40.96% stake in Xinjiang Guanghui Industry Investment Group to Shenergy Co , a Xinjiang Guanghui subsidiary said on Sunday.

November 1, 2020 Source: U.S.

Hong Kong recession shows signs of slowing as China economy expands

Hong Kong's long recession showed signs of easing in the third quarter, with a gradual improvement in domestic and external demand from an improving Chinese economy, an easing of the COVID-19 outbreak and stronger financial market activity.

October 30, 2020 Source: U.S.

Alibaba to kick off China's first post-pandemic 'Singles Day' early

China's Alibaba Group Holding Ltd will kick off its mega-shopping extravaganza "Singles Day" early this year, a move that will likely see a big jump in its sales as the easing of the country's COVID-19 pandemic drives an economic rebound.

October 30, 2020 Source: U.S.

PetroChina third quarter profit surges on recovering oil prices, pipeline spin-off

PetroChina Co , Asia's largest oil and gas producer, reported a surge of around 350% in third-quarter profit versus a year earlier, owing to recovering oil prices and revenue from pipelines spin-offs.

October 29, 2020 Source: U.S.

U.S. appeals court rejects immediate WeChat ban

A U.S. appeals court on Monday rejected a Justice Department request that it allow the government to immediately ban Apple Inc and Alphabet Inc's Google from offering Tencent's WeChat for download in U.S. app stores.

October 26, 2020 Source: U.S.

China launches crackdown on mobile web browsers, decries 'chaos' of information

China's top cyber authority said on Monday it would carry out a "rectification" of Chinese mobile internet browsers to address what it called social concerns over the "chaos" of information being published online.

October 26, 2020 Source: U.S.

Apple supplier Luxshare unnerves Foxconn as U.S.-China feud speeds supply chain shift

Apple's top iPhone assembler, Taiwan-based Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturer Luxshare, which it believes poses a serious threat to its dominance, three sources with knowledge of the matter said.

October 25, 2020 Source: U.S.

Hundreds rally in Taiwan, call for release of 12 Hong Kong people arrested by China

Hundreds of people rallied in Taiwan's capital on Sunday to call for China to release 12 Hong Kong people arrested at sea by mainland authorities in part of a global campaign to support the pro-democracy movement in the financial hub.

October 25, 2020 Source: U.S.

China urges Britain to 'correct its mistakes' on Hong Kong visas

The Hong Kong office of China's foreign ministry urges Britain to "immediately correct its mistakes" regarding visa policy for those with British National (Overseas) status, it said on Friday.

October 23, 2020 Source: U.S.

U.S. urges Sri Lanka to make 'difficult' choices over China ties

The United States will urge Sri Lanka to make "difficult but necessary choices" on its economic relations when Secretary of State Mike Pompeo visits there next week, a senior U.S. official said on Thursday, apparently refering to China's deepening influence over Colombo.

October 22, 2020 Source: U.S.

Pompeo says U.S. designates six more Chinese media firms as foreign missions

U.S. Secretary of State Mike Pompeo announced on Wednesday the State Department was designating the U.S. operations of six more China-based media companies as foreign missions, a move he said was aimed at pushing back against communist propaganda.

October 21, 2020 Source: U.S.

Chinese online tutoring start-up Yuanfudao raises $2.2 billion, values firm at $15.5 billion

Beijing-based education technology startup Yuanfudao said on Thursday that it has secured $2.2 billion from major Chinese and international investors in two recent rounds of financing that it said lifts the company's valuation to $15.5 billion.

October 21, 2020 Source: U.S.

Ant Group to launch $35 billion IPO after final nod from China regulator

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing.

October 21, 2020 Source: U.S.

Brazil's Bolsonaro rejects plan to buy China's Sinovac vaccine; health minister tests positive

Brazil's President Jair Bolsonaro said on Wednesday the federal government will not buy a COVID-19 vaccine from China's Sinovac, one day after the health minister said it would be included in the nation's immunization program.

October 21, 2020 Source: U.S.

Chinese city to offer COVID-19 vaccine candidate as emergency use expands

A city in China's Zhejiang province will offer experimental coronavirus vaccines to its residents, as China broadens an emergency use programme to people in non-priority groups.

October 21, 2020 Source: U.S.

Exclusive: Australian writer detained in Beijing told supporter he was a former Chinese spy

Yang Hengjun, an Australian writer detained in Beijing and facing trial for espionage on behalf of a country China hasn't publicly named was a former Chinese spy, according to a confidential letter he wrote to a supporter in 2011.

October 21, 2020 Source: U.S.

Impossible Foods launches in Asian grocery stores as it aims to move into China

Impossible Foods' faux beef burgers will be sold in grocery stores in Hong Kong and Singapore starting Tuesday, the company said as it vies to bolster its presence in Asia and before entering the potentially lucrative mainland China market.

October 19, 2020 Source: U.S.

China's Sinovac vaccine is safe, Brazil institute says

An experimental coronavirus vaccine developed by China's Sinovac Biotech appeared to be safe in a late-stage clinical trial in Brazil, preliminary results showed on Monday.

October 19, 2020 Source: U.S.

China passes export-control law following U.S. moves

China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm's China's interests, state media said.

October 18, 2020 Source: U.S.