Denise Jia
Stories by Denise Jia
China’s digital yuan makes progress but challenges remain for mass adoption
The central bank vowed to further expand trials of the digital currency.
Chinese exchanges see record 274 firms apply for IPOs in last week of June
In the first half of 2022, 88% of IPO applicants were approved.
Chinese video platform Bilibili initiates job cuts across three segments
Several tech firms including Tencent, Zhihu and Xiaohongshu have also slashed jobs.
Chinese property managers delinking from developer parents amid realty slump
In China, big developers usually set up property service units to manage their projects.
SEC’s threat to delist five companies sparks rout of US-traded Chinese shares
The five stocks include BeiGene, Zai Lab, and Yum China Holdings.
iQIYI raises $285m from Baidu, investment consortium through private placement
Baidu will buy 164.7m newly-issued iQiyi class B ordinary shares.
China’s New Energy Vehicles market may have crossed a turning point as sales zoom
Experts predict that NEVs will comprise 25–30% of the domestic auto market this year.
Chinese regulator vows to back overseas listings of qualified companies
In December, the CSRC had published draft rules to regulate overseas share sales.
How Ant Group unit’s shutdown led to collapse of China’s healthcare mutual aid sector
The booming insurance-like industry platforms served over 150 million people at the peak.
Huarong’s strategic investors set up PE firm to inject capital into bad debt manager
Troubled Huarong has been selling bad assets and shedding its stakes in units outside its core business.
