Category: Shanghai News

China’s economic growth hits 44-year low

The Chinese economy is expected to grow at its slowest pace in over four decades despite its recovery from COVID-19, according to a Reuters poll….


World’s largest IPO shows power of mobile payments in China

These mobile payment codes are the default way money changes hands in China these days, and the reason Ant Group’s initial public offering is set to be the world’s largest. Support our journalism….


On the march: Ant Group, China’s fintech sensation

With a name belying its giant ambitions, China’s Ant Group on Tuesday launched a history-making $34 billion IPO in Hong Kong and Shanghai. But seemingly not that of Jack Ma. China’s richest man stands ……


Ant Group Will Push China IPOs to Record $75 Billion This Year

The blockbuster Shanghai debut of Jack Ma’s Ant Group Co. will push the value of new stocks in China to a record this year….


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 ……


China’s NEV sales to account for 50% of all new sales by 2035, industry body says

Sales of new energy vehicles (NEV) will make up 50% of overall new car sales in China, the world’s biggest auto market, by 2035, an industry official said on Tuesday….


China Stock Market Tipped To Extend Losing Streak

The China stock market has finished lower in four straight sessions, sliding more than 75 points or 2.5 percent along the way. The Shanghai Composite Index now sits just above the 3,250-point plateau ……


China launches crackdown on mobile web browser ‘chaos’

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 ……


Mainland China reports 16 new COVID-19 cases vs 20 a day earlier

Mainland China reported 16 new confirmed COVID-19 cases on Oct. 26, down from 20 a day earlier, the country’s health authorities said on Tuesday….


China Brokers Challenge Goldman With Best IPO Ranking in Decades

Chinese brokerages are having a bumper year for equity dealmaking, with Ant Group’s multi-billion-dollar initial public offering poised to boost their showing in the global ranking to the best in at ……