China’s 30th-largest property developer, Zhenro Properties, revealed it missed interest payments on two separate offshore bonds, with the expectation of missing at least four further payment... Read more
Short-video-sharing app TikTok, which is owned by Chinese company ByteDance, is expected to triple its advertising revenues in 2022, exceeding $11 billion, reports Reuters. If achieved, this... Read more
China’s biggest offshore oil driller, CNOOC, will let investors subscribe to its up to RMB 32.3 billion ($5.1 billion) Tuesday IPO in Shanghai, reports the South China Morning Post. The stat... Read more
Regulators in China have given the go-ahead to 45 new online games after a nine-month hiatus from granting approvals, reports the Financial Times. The move is the first sign that the governm... Read more
Chinese on-demand delivery giant Meituan is the next in a long line of the country’s tech giants to have to lay off many of its employees. The company’s lay-off plan spans its core units, in... Read more
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