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The Latest Breaking News from Shenzhen

Arm Removes Significant Obstacle Hindering IPO Aspirations: FT

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) owned Arm is on the verge of regaining control of its defector China joint venture, the Financial Times reports. The development will remove a significant obstacle to SoftBank’s IPO ambitions for the U.K. chip designer. Arm holds a 47.3% stake in Arm China, while Chinese investment firm…

Benzinga

Shanghai Composite Index Rose 2.41% on Friday

Shenzhen Component Index closed up 3.69%

Caixin Global

Shanghai Composite Index Rose 0.58% on Thursday

Shenzhen Component Index closed down 0.23%

Caixin Global

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STMicroelectronics Clocks 18% Revenue Growth In Q1 Backed By Robust Demand For Microcontrollers

STMicroelectronics N.V. (NYSE:STM) reported first-quarter FY22 revenue growth of 17.6% year-on-year to $3.55 billion, beating the consensus of $3.49 billion. This revenue performance, driven by solid demand for microcontrollers, was partially offset by temporarily reduced operations at its Shenzhen, China, manufacturing facility due to the pandemic. Sales to OEMs increased by 14.4% Y/Y,…

Benzinga

Shanghai Composite Index Rose 2.49% on Wednesday

Shenzhen Component Index closed up 4.37%

Caixin Global

Chinese drone giant DJI suspends business in Russia, Ukraine

Shenzhen-based firm says it is “reassessing compliance requirements” following controversy over role in Ukraine war.

Al Jazeera

Shenzhen Edge Medical Seeks Place in China's Surgical Robot Market

Key takeaways: Shenzhen Edge Medical has applied for a Hong Kong IPO, following China’s approval for the sale of one of its key products in January Company will face challenges from a growing number of domestic rival products already on the market By Molly Wen

Benzinga

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Shanghai Composite Index Fell 1.44% on Tuesday

Shenzhen Component Index closed down 1.66%

Caixin Global

Shanghai Composite Index Fell 5.13% on Monday

Shenzhen Component Index closed down 6.08%

Caixin Global

Shanghai Composite Index Rose 0.23% on Friday

Shenzhen Component Index closed down 0.29%

Caixin Global

Shanghai Composite Index Fell 2.26% on Thursday

Shenzhen Component Index closed down 2.7%

Caixin Global

Shanghai Composite Index Fell 1.35% on Wednesday

Shenzhen Component Index closed down 2.07%

Caixin Global

How Netgear's Revenue Revision Will Affect Broadcom, Qualcomm And Others

Today, Netgear Inc (NASDAQ:NTGR) slashed its 1Q revenue outlook by 11% to $207 million at the midpoint from $232 million prior. The revision reflected, "The U.S. consumer WiFi market, which had exited 2021 at ~15% above 2019 levels, declined in the first quarter of 2022, ending roughly flat to 2019 levels. The decline in…

Benzinga

Titanium Miner LB Group Seeks to Shine in Hong Kong IPO Raising up to $1.5 Billion

Key Takeaways: LB Group has filed for a Hong Kong IPO to raise up to $1.5 billion, aiming to consolidate its place as Asia’s leading producer of titanium dioxide pigments Listing would complement company’s existing Shenzhen A-shares, which look sharply undervalued compared with industry peers By Andrew Curran

Benzinga

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Caixin Global

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.5%

Benzinga

AIM Puts mRNA Covid Vaccine in Investor Crosshairs With New IPO Attempt

Key takeaways: Vaccine maker AIM has filed for an IPO in Hong Kong, following unsuccessful previous bids in Hong Kong and on Shenzhen’s ChiNext board The company has three Covid vaccines under development, including an mRNA vaccine expected to hit the market in the fourth quarter By Fai Pui

Caixin Global

Shanghai Composite Index Fell 0.49% on Monday

Shenzhen Component Index closed up 0.37%

Asharq Al-Awsat

China Economy Grows 4.8% in 1st Quarter as Virus Bites

China's economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of "significant challenges" ahead as a resurgence of the coronavirus threatens Beijing's ambitious annual target. The world's second-biggest economy was already losing steam in the latter half of last year with a property…

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news in one place.

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Caixin Global

Shanghai Composite Index Fell 0.45% on Friday

Shenzhen Component Index closed down 0.56%

Caixin Global

Covid Concerns Leave More Shenzhen Office Space Empty

About 77.8% of top class office space in the southern tech hub was leased at the end of March, a decline of 2.9 percentage points from the end of last year

Caixin Global

Shanghai Composite Index Rose 1.22% on Thursday

Shenzhen Component Index closed up 1.27%

Benzinga

How China's Zero-COVID Policy Is Taking A Toll On Its Economy

The more contagious omicron strain of COVID-19 is testing China’s zero-tolerance COVID-19 policy and while many signs underscore the strategy’s adverse impact on the country’s economic recovery, Beijing continues to stick to it, dismissing suggestions that China should learn to live with the virus as other nations do.

Caixin Global

Shanghai Composite Index Fell 0.82% on Wednesday

Shenzhen Component Index closed down 1.6%

Caixin Global

Shanghai Composite Index Rose 1.46% on Tuesday

Shenzhen Component Index closed up 2.05%

Benzinga

Here's How This Key Nio Supplier Looks To Tide Through China's Covid Crisis

Critical NIO Inc (NYSE:NIO) supplier Contemporary Amperex Technology Co. Ltd has implemented a closed-loop for workers at its main China factory in China, Bloomberg reports. The closed-loop helped the leading EV battery maker avoid the kind of Covid-19 shutdowns which are hurting Tesla Inc (NASDAQ:TSLA) and Volkswagen AG (OTC:VWAGY). Also Read: Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses CATL looked…

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