China’s CNOOC to raise capex to 7-year high
This is attributed to a 5% increase in domestic output...
Tag : China
China stuns the world with highest FDI in 2020
Investors might continue to flock in with cash through 2021—as the mainland is the only major economy to have dodged a contraction...
JD.com’s logistics arm prepares for Hong Kong IPO
JD Logistics is targeting an valuation of around $40 bn...
Ping An Insurance reports drop in profit for the first time since 2008
The insurer reported a 4.2% drop in annual net profit...
Cainiao to invest HK$5 mn to support Lunar new year demand
The investment will help the company fund a 1,500-strong workforce across the full chain of logistics operations...
Huawei names new president of Cloud & AI Business Group
Richard Yu, who serves as the CEO of Huawei's Consumer Business Group will take up the role of president...
China to carry out two more digital yuan trials in Chengdu and Suzhou
Reportedly, Chengdu will distribute $7.7 mn to winners of its first digital yuan lottery on January 27...
4Paradigm to build AI-enabled enterprise-level ecosystem
The AI giant secured $700 mn in its Series D funding round...
DP World’s CCT to enhance connectivity to China and SE Asia
The service is operated by a consortium of five vessel operators – Wan Hai Lines, Interasia Lines, KMTC, Goldstar Lines and BTL...
Hydrogen to account for 10% of China’s energy mix by 2050
China is targeting about 15% of renewable hydrogen generation by 2030...