Tony Munroe
Stories by Tony Munroe
Chinese state shipping giant COSCO takes stake in Bank of Kunlun
Bank of Kunlun is majority-owned by China National Petroleum arm CNPC Capital.
Warren Buffett-backed Chinese EV maker BYD profit up 162% in 2020
BYD reported 4.23 billion yuan ($643.75 million) net profit in 2020, up from 1.61 billion yuan in 2019.
China market regulator clamps down on live-streaming e-commerce
The move is the latest in a series of measures to rein-in a thriving platform economy.
Baidu’s AI chip unit Kunlun completes new funding, at $2b valuation
Kunlun chips are currently used mostly by Baidu on smart electric vehicles and cloud computing.
China’s market regulator to launch new rules on online transactions
The government has flagged it will be issuing new rules for the internet sector.
China’s Luckin Coffee seeks US Chapter 15 bankruptcy protection
Luckin delisted from Nasdaq at the end of June last year after admitting to accounting fraud.
How Huachen, parent of BMW’s China JV partner, drove to the brink of bankruptcy
Huachen recently defaulted on $987m in debt.
Chinese chipmaker SMIC to raise $6.55b in Shanghai share sale
SMIC's fundraising comes as the Shanghai-based firm bulks up its war chest amid broader tech-related tensions between the US and China.
