CHINA COMPANIES
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Business & Economy
Didi, the ‘Chinese Uber,’ announces Wall Street exit in June
Shanghai, China, May 23 (EFE).- The ride hailing app firm, Didi, dubbed as the “Chinese Uber,” announced Monday its decision…
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Business & Economy
Alibaba CEO resigns from Weibo board after stepping down from Didi
Shanghai, China, Jan 11 (EFE).- The CEO of China’s e-commerce giant Alibaba has resigned from the board of directors of…
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Business & Economy
‘Chinese Twitter’ Weibo seeks $385 million in Hong Kong secondary listing
Shanghai, China, Dec 3 (EFE).- Social media platform Weibo, the Chinese equivalent of Twitter, aims to raise $385 million in…
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Business & Economy
China warns e-commerce companies against making false offers on Singles Day
Shanghai, China, Nov 6 (EFE).- China’s market watchdog on Saturday asked e-commerce companies not to allow the posting of false…
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Business & Economy
Concern in China over real estate company Evergrande credit downgrade
Beijing, Sep 10 (EFE).- Chinese real estate company Evergrande suffered two cuts this week in the rating of its debt…
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Business & Economy
Tencent vows $7.7 billion in boost to Beijing’s wealth redistribution efforts
Shanghai, China, Aug 19 (EFE).- Chinese digital conglomerate Tencent on Thursday announced a fund to donate 50 billion yuan ($7.7…
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Life & Leisure
Chinese gaming company shares plummet after Beijing labels them ‘opium’
Shanghai, China, Aug 3 (EFE).- The shares of major Chinese gaming companies collapsed on Tuesday after state media once again…
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Business & Economy
Tencent tightens controls on video games after Chinese state media criticism
Shanghai, China, Aug 4 (EFE).- Chinese tech conglomerate Tencent on Wednesday announced more restrictions on its video games in the…
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Business & Economy
Ant Group CEO Simon Hu resigns
Beijing, Mar 13 (efe-epa).- Simon Hu has resigned as CEO of Ant Group, a subsidiary of Chinese e-commerce giant Alibaba,…
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Business & Economy
Xiaomi stocks soar over share buyback plans
Shanghai, China, Mar 12 (EFE).- The shares of Chinese technology firm Xiaomi increased considerably in the morning session Friday at…
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