Fujian province

New Business

Co-founder of Chinese EV battery giant pockets US$239 million windfall from 1% stake sale

Huang Shilin, co-founder of Contemporary Amperex Technol­ogy (CATL) and its third-largest shareholder, has cashed in on a rally in the…

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New Business

CATL’s stellar run and record premium come up against doubling of stock supply

The spectacular gain in Contemporary Amperex Technology (CATL) shares since its Hong Kong listing faces a reality check this week:…

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New Business

US software firm SAS exits China after 25 years, lays off about 400 staff

US software company SAS Institute has withdrawn from mainland China and dismissed its local staff, according to a Beijing-based employee…

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New Business

CATL’s Hong Kong-Shenzhen share premium grows after JPMorgan upgrade

Contemporary Amperex Technology (CATL) surged in Hong Kong on Monday after JPMorgan Chase upgraded the stock, which extended a rebound…

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New Business

Europe’s scorching heatwave sets demand for Chinese air conditioners ablaze

From Paris to Athens, and Lisbon to Berlin, Europeans are enduring a prolonged and punishing summer heatwave amid global warming.…

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New Business

Fury as Chinese bank offers to help rich clients’ kids gain top internships

A Chinese bank has triggered outrage by offering to help its rich customers secure prestigious internships for their children, prompting…

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New Business

China’s 2026-30 plan is in the works – and it addresses weak links exposed by US trade war

Beijing appears to be planning for a protracted battle with Washington for economic supremacy, with China’s latest five-year development blueprint…

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New Business

CATL gets CSRC nod for US$5 billion listing, in what may be Hong Kong’s biggest IPO in 4 years

The China Securities Regulatory Commission (CSRC) approved CATL’s plan to sell up to 220.17 million shares in the city, the…

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