U.S. chip-equipment suppliers are pulling out staff based at China’s leading memory-chip maker and pausing business activities there, according to people familiar with the matter, as they grapple with the Read more
Tag: Chinese
Chinese EV maker Nio’s stock resumes selloff, even as quarterly deliveries rise to a record
Shares of Nio Inc. resumed its recent selloff toward a more than four-month low on Monday, reversing an earlier intraday gain, after the China-based electric-vehicle maker reported an uptick in Read more
Shares of Chinese developer CIFI plunge again on distribution issues
Shares of CIFI Holdings (Group) Co. 884, -19.77% dropped to record lows on Thursday after the Chinese property developer said it is having issues distributing cash for an investment trust Read more
Chinese EV maker Leapmotor skids in Hong Kong debut
Shares of Zhejiang Leapmotor Technology Co. dived in their Hong Kong debut, after the Chinese electric-car maker raised US$772 million in net proceeds during a tough time for public offerings. Read more
Chinese developer CIFI shares dive amid default concerns
Shares of CIFI Holdings (Group) Co 884, -29.13%. fell sharply on Wednesday, following reports that an entity related to the Chinese developer had missed a debt payment. The stock fell Read more
Chinese EV maker Zhejiang Leapmotor plans to raise over $1 billion in Hong Kong IPO
Zhejiang Leapmotor Technology Co. is planning to raise over 8.11 billion Hong Kong dollars ($1.03 billion) in an initial public offering to join a list of other Chinese electric vehicle Read more
SEC says it’s reached agreement to allow inspections of Chinese audit firms
The Securities and Exchange Commission said Friday it’s reached an agreement with the China Securities Regulatory Commission and the Ministry of Finance of the People’s Republic of China governing inspections Read more
Leading Chinese companies announce delisting plans from the NYSE
Several Chinese companies on Friday announced they would voluntarily delist from the New York Stock Exchange, a move that comes as they faced the prospect of being forcibly removed. PetroChina Read more
Wave of Chinese companies including PetroChina and Sinopec say they will de-list from NYSE
PetroChina PTR, +1.81%, China Life Insurance LFC, +2.32%, Sinopec SHI, +0.50% and Aluminum Corp. of China ACH, +0.98% have separately announced their intention to delist from the New York Stock Read more
Baidu Gets Approval for Autonomous Ride-Hailing Services in Two Chinese Cities
By Raffaele Huang SINGAPORE–Baidu Inc. has received approval from two Chinese cities to charge passengers for its ride-hailing service operated without a driver or safety person in the vehicle, the Read more