Financial investors unsettled by disappearance of Jack Ma
NEW YORK/BOSTON/HONG KONG – Billionaire Jack Ma’s 50-second video reappearance has done little to resolve Alibaba Group’s troubled relationship with regulators that is making some investors hesitate about owning the Chinese e-commerce giant’s stock. Relief at Ma’s first public appearance … Continue reading Financial investors unsettled by disappearance of Jack Ma
China approves Cisco’s $4.5 billion Acacia deal
SHANGHAI – Cisco Systems Inc’s purchase of Acacia Communications Inc has been approved by China’s antitrust regulator on condition that the companies ensure fair competition, the watchdog said on Tuesday. The State Administration for Market Regulation’s (SAMR) green light brings … Continue reading China approves Cisco’s $4.5 billion Acacia deal
Tesla delivering new model Y to Chinese customers
BEIJING/SHANGHAI – Tesla Inc said on Monday it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China. A representative for the U.S. automaker made the comment in response to a query from Reuters. The company … Continue reading Tesla delivering new model Y to Chinese customers
China: “New COVID-19 outbreak imported”
SHANGHAI – China’s recent COVID-19 outbreaks in the northeast have come from travelers entering the country or contaminated frozen food imports, the National Health Commission (NHC) said on Saturday. NHC Minister Ma Xiaowei made the comments at a government meeting, … Continue reading China: “New COVID-19 outbreak imported”
Indonesia: Sulawesi hit by Magnitude 6.3 earthquake
Jakarta – An earthquake of magnitude 6.3 struck near the Sulawesi island of Indonesia, the European Mediterranean Seismological Centre (EMSC) said on Thursday. The quake was at a depth of 10 km (6.21 miles), EMSC said. (Reuters)
U.S. ban eight Chinese software apps
WASHINGTON – U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay mobile payment app, the White House said, escalating tensions with Beijing two weeks before President-elect Joe Biden … Continue reading U.S. ban eight Chinese software apps
Moderna: Provides 600 million dosis of vaccine
CAMBRIDGE, Mass – Moderna, Inc. (Nasdaq: MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today provided a supply update for the Moderna COVID-19 Vaccine, increasing its base-case global production estimate from 500 to 600 million doses for 2021. Moderna said it … Continue reading Moderna: Provides 600 million dosis of vaccine
Vietnam’s Expanding Economy is Boosting Growth
Hanoi – Vietnam’s logistics industry has been boosted by the country’s booming GDP, rising manufacturing, and e-commerce sectors. In addition, the rapid adoption of e-commerce by the country’s young demographic has increased the demand for expansion in logistic services. Vietnam aims … Continue reading Vietnam’s Expanding Economy is Boosting Growth
Tesla to receive lithium supply from China
Beijing – China’s Sichuan Yahua Industrial Group Co Ltd said on Tuesday it had signed a deal to supply battery-grade lithium hydroxide to U.S. electric vehicle (EV) manufacturer Tesla Inc for the next five years. Yahua, which is based in … Continue reading Tesla to receive lithium supply from China
U.S. bill could remove Chinese firms from U.S. exchanges
BEIJING – China said on Monday it firmly opposed U.S. President Trump signing a bill that would kick Chinese companies off U.S. stock exchanges unless they adhere to U.S. auditing standards, saying it contains discriminatory provisions against Chinese companies. “This … Continue reading U.S. bill could remove Chinese firms from U.S. exchanges