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...The CSI 300 index of Shanghai- and Shenzhen-listed stocks is down nearly 40 per cent from a peak in February 2021....
...Privately owned Mercuria has not outlined a succession plan for chief executive and co-founder Marco Dunand, who is 63 this year. A person close to Dunand said he had no immediate plans to step down....
...The top shareholder is A10 Investimentos, whose co-founders are Sigma’s chief executive and its other co-chair....
...The push into Saudi Arabia, UAE, Qatar and Bahrain comes at a time of growing co-operation between China and countries in the Gulf, as they deepen collaboration on a number of projects....
...The other is made up of two European subsidiaries of the Chinese state-backed power company Shanghai Electric....
...According to Automobility, a Shanghai consultancy, BYD’s share of new energy vehicle sales in China fell to 30.8 per cent in January and February, down from 35 per cent at the end of last year....
...He was previously seen as a possible successor to founders Marco Dunand and Daniel Jaeggi but reduced his equity stake in the business last year....
...Additional reporting by Wang Xueqiao in Shanghai...
Property group is among biggest victims of China’s real estate cash crunch
...Leonard Law, an analyst at Lucror Analytics in Singapore, said he expected a note maturing in June to be repaid due to “regulators’ efforts to co-ordinate financing support, as well as the company’s plan...
...Shaun Rein, managing director of China Market Research Group, a Shanghai consultancy, said it was difficult to have a positive view of Geely’s outlook in the wake of the Lotus listing....
...Beijing’s ambassador to Peru, Song Yang, has promoted the megaport enthusiastically, saying that “China is betting that Chancay will become Peru’s Shanghai”....
...I’m gonna wait and buy it at the bottom’,” said Stephen Dyer, partner and managing director at consultancy AlixPartners in Shanghai. “It actually slowed down sales when that happened.”...
Strong sales increase pressure on US pioneer to keep crown as top seller of purely electric vehicles
...After getting into the chip production business, the company is now moving upstream, building a massive semiconductor equipment R&D centre in western Shanghai, Nikkei Asia’s Cheng Ting-Fang writes....
...Last year, Suzhou, a city west of Shanghai, set up a trading platform to “co-ordinate the city’s computing resources”, according to its website....
...Additional reporting by Wang Xueqiao in Shanghai and Hudson Lockett in Hong Kong...
...At the end of last year six out of the top-selling EV models in China, the world’s largest car market, were BYD cars, according to Automobility, a Shanghai-based consultancy....
Carmaker will invest $1.3bn in its sixth overseas factory as it aims to expand global footprint
...The CSI 300 index of Shanghai- and Shenzhen-listed stocks is down more than 8 per cent so far this year, while a widely anticipated consumer rebound from the end of Covid-19 restrictions in January has failed...
...Marco Gallotta, an analyst at Airfinity, said some countries may have overpurchased Paxlovid when it became available at the end of 2021, just as the Omicron variant increased global caseloads....
...Li’s company, which has offices in Hefei, near Shanghai, as well as in Silicon Valley, designs and sells EV chassis — known as skateboards....
...Macarthur paid $530mn to buy Jagex in 2020 from Shanghai Hongtou Network Technology....
...The country’s biggest chipmaker SMIC has put together new semiconductor production lines in Shanghai, according to two people familiar with the move, to mass produce the chips designed by technology giant...
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