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The Latest Breaking News from Shanghai

Asian shares fall as markets watch omicron, central banks

Asian shares are mixed, with Shanghai gaining after reopening from the Lunar New Year holidays

The Independent UK

Hologram of IOC’s Bach Hands over ‘Torch’ in Virtual Relay

After days of face to face diplomacy at the Beijing 2020 Winter Olympics, it was time for the holograms to take over on Sunday. A life-size image of International Olympic Committee president Thomas Bach virtually handed an Olympic torch to a similar hologram of the chief executive of tech giant…

Asharq Al-Awsat

Government paying to rent storage space in China for 1.6 billion items of unused PPE

Ministers have confirmed taxpayers are paying to rent thousands of shipping containers to house billions of masks, gloves and gowns across the UK - and in Shanghai

Daily Mirror

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read the most diverse news in one place.

Nearly 6K Tesla Model 3 And Model Y Piling Up In China For Export

Tesla has made it official that Giga Shanghai is its main export hub, and this video gives us an idea of how the situation is unfolding for Q1 2022.

InsideEVs

Daqo Taps Richly-Valued China-Listed Unit to Raise $1.7 Billion For Expansion

Key takeaways: Daqo New Energy will tap its China-listed subsidiary to raise funds for construction of a major new production facility in Inner Mongolia Daqo’s holdings in the China-listed unit, Xinjiang Daqo, are worth more than four times its own latest market value By Doug Young

Benzinga

Micron To Shut Shanghai DRAM Design Operations, Relocate Engineers: Report

U.S. memory chip giant Micron Technology Inc (NASDAQ:MU) has confirmed it will close its DRAM design operations in Shanghai by 2022 end, SCMP reports. Micron looks to ask ~150 Chinese engineers to relocate to the U.S. or India. Micron, which employs about 43,000 people globally, did not provide a reason for the decision.…

Benzinga

Shanghai Composite Index Rose 0.66% on Wednesday

Shenzhen Component Index closed up 0.7%

Caixin Global

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After Major Rebrew, Is Luckin Seeking To Re-list In New York?

Key takeaways:

Benzinga

Tencent-Backed Car Maintenance Startup Eyes Hong Kong Listing

Shanghai-based Tuhu is looking to build up capacity amid growing demand in the world’s largest auto market

Caixin Global

Tesla's Fremont Is The Most Productive Car Plant In North America

The Fremont factory built 444,600 cars in 2021 but got surpassed by Giga Shanghai, which tripled its output last year to nearly 486,000 units.

InsideEVs

Inside Oscar's five years in China as Barcelona launch bid for ex-Chelsea star

Former Chelsea star Oscar could be set to return to Europe as Spanish giants Barcelona plot a surprise swoop for the Brazilian star - who is the fifth-highest earner in football

Daily Mirror

Euro Tech Appoints David YL Leung As CEO

Euro Tech Holdings Co Ltd (NASDAQ:CLWT) has appointed board member David YL Leung as its Chief Executive Officer, effective February 1, 2022. TC Leung, the current CEO, will continue to serve as the Chairman of the board. The company noted that the transition of the CEO position had been planned for some time.…

Benzinga

Read Why MoffettNathanson Slashed Walt Disney Price Target By 6%

MoffettNathanson analyst Michael Nathanson lowered the price target on Walt Disney Co (NYSE:DIS) to $165 from $175 and reiterated a Neutral rating on the shares. The price target implies an upside of 8%. Nathanson's FY22 free cash flow estimate of $1.9 billion after the Shanghai adjustment is "a significant decrease" of over 60% from his…

Benzinga

Shanghai Composite Index Rose 0.8% on Tuesday

Shenzhen Component Index closed up 0.19%

Caixin Global

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.58% on Monday

Shenzhen Component Index closed up 1.51%

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