Chinese state-owned oil giant CNOOC has received the go-ahead from China’s top securities regulator for a $5.5 billion domestic share sale after the firm posted record profits thanks to the global oil price jump, reports Caixin. Hong Kong-traded CNOOC plans to sell as many as 299 million new shares in an initial public offering in […]
Category: Investment
The series B funding round for Enesource, a Chinese carbon emissions management startup, was led by a RMB 50 million ($7.9 million) investment from Sequoia Capital China, reports Nikkei Asia. Established in Shanghai in March 2017, Enesource provides energy efficiency products and solutions based on artificial intelligence and the so-called Internet of Things (IoT). Enesource […]
The horrible year – it’s a Latin phrase which in England attaches to the year 1992 when the marriage between Prince Charles and Princess Diana fell apart. But this year is shaping up to be just that for the Center here. The news this week was almost unrelentingly bleak. The virus exploded in Shanghai, with […]
International investors have been pulling money out of China on an “unprecedented” level since the Russian invasion of Ukraine, a report by the Institute of International Finance (IIF) has shown, and the yuan may well face increasing pressures over the coming months, reports the South China Morning Post. High-frequency data detected large portfolio outflows from […]
Chinese tech giant Alibaba Group took led a $60 million investment round in Chinese augmented reality (AR) glasses maker Nreal, reports Bloomberg. The so-called Series C+ funding round brings the total Nreal raised within 12 months to $200 million, the Beijing firm said, without disclosing its latest valuation. The startup was valued at $700 million […]