The Latest Breaking News from Shenzhen

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…

Benzinga · Apr 11, 2022

Shanghai Composite Index Fell 2.61% on Monday

Shenzhen Component Index closed down 3.67%

Caixin Global · Apr 11, 2022

Shanghai Composite Index Rose 0.47% on Friday

Shenzhen Component Index closed down 0.11%

Caixin Global · Apr 8, 2022

Here's How Arm Looks To Speed Up Its US IPO

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd, looks to transfer shares in its China joint venture to a SoftBank special purpose vehicle to speed up its U.S. IPO, the Financial Times reports. SoftBank will hold 28% of Arm China after the transfer, Bloomberg reports. Arm will hold less than 20% of Arm China and treat it…

Benzinga · Mar 30, 2022

Shanghai Composite Index Rose 1.96% on Wednesday

Shenzhen Component Index closed up 3.1%

Caixin Global · Mar 30, 2022

Huawei's 2021 Annual Report Shows Sales Plunge While Profits Sore, Despite US Crackdown

Chinese giant telecom equipment maker Huawei released its 2021 annual report on Monday revealing that sales fell but profit rose. Chief financial officer Meng Wanzhou, appeared at a press conference in Shenzhen to announce the company’s annual results for the first time since being held in Canada in 2018.

Benzinga · Mar 29, 2022

Shanghai Composite Index Fell 0.33% on Tuesday

Shenzhen Component Index closed down 0.46%

Caixin Global · Mar 29, 2022

Shanghai Composite Index Rose 0.07% on Monday

Shenzhen Component Index closed down 1.02%

Caixin Global · Mar 28, 2022

All eyes on China

China's zero-Covid policy has lasted for nearly two years and faced a tough challenge last week as a flare-up triggered fresh lockdowns in several industrial cities in hard-hit northeastern Jilin province and southern technology hub Shenzhen.

Bangkok Post · Mar 27, 2022

Shanghai Composite Index Fell 1.17% on Friday

Shenzhen Component Index closed down 1.89%

Caixin Global · Mar 25, 2022