Investors are pumping billions of dollars into China’s electric vehicle start-ups as they seek to turn out the next Tesla, creating a window of opportunity for Beijing to forge a national champion in the industry, reported the Financial Times. EV makers in the country have benefited from the glow of the nearly 900% rally in […]
Category: Investment
China’s Alibaba Group has put on hold plans to invest in Indian companies amid souring business relations and rising political tension between the two nations, reported Reuters. Alibaba, which has fueled the growth of several Indian start-ups, will not put in fresh funds to expand its investments in the country for at least six months, […]
One of world’s largest managers of mutual and index funds is betting on the Chinese mainland market while closing operations in Hong Kong and Japan, reported Caixin. US asset manager Vanguard Group, which has about $6.2 trillion in assets under management, confirmed Wednesday that it will exit Hong Kong and Japan and move its Asian headquarters […]
Kirin Holdings and China Mengniu Dairy said on Tuesday they have given up on the sale of the Japanese company’s wholly owned Australian dairy firm Lion-Dairy and Drinks to the Chinese company, reported Reuters. The announcement follows a media report last week that the Australian government could block the deal in what would mark its […]
Property buyers piled into China’s commercial and retail real estate in the three months ended June even as the country was barely out of its coronavirus outbreak, outpacing demand across the rest of the Asia-Pacific region, according to a report, reported the South China Morning Post. Second-quarter investment volume jumped 95% to $8.4 billion compared […]