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China’s vehicle sales grew 9.8% to 13.24 million in the first half of 2023, partly driven by a low base in the same period last year, an industry group announced on Tuesday. It left its 3% growth projection for the full year intact, reports Nikkei Asia. The growth was artificially high, especially in the second […]

An arm of state-owned conglomerate China Merchants Group has made a $3.4 billion takeover bid for Chindata Group Holdings, setting up a bidding war for the Asian data centre operator, reports the South China Morning Post. The group made a non-binding offer of $9.20 in cash per American depositary share, according to a statement Monday. The […]

Semiconductor equipment giant Advanced Micro-Fabrication Equipment of China (AMEC) has won an intellectual property infringement case against US competitor Lam Research Corp in a Shanghai court, as US-China technology rivalry in the semiconductor field rages on, reports the South China Morning Post. After a 13-year legal tussle, the Shanghai High People’s Court gave a final […]

Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and provide a chance to cut stakes for investors ensnared by a years-long regulatory crackdown at the company, reports Bloomberg. Each investor would be allowed to sell up to 7.6% of their equity […]

A Singapore hedge fund has filed a petition in Hong Kong to wind up defaulted developer Kaisa, marking one of the first cases dealing with a Chinese developer’s mainland debt following a property sector meltdown in the country, reports the Financial Times. The court filing by hedge fund Broad Peak Investment Advisers in Hong Kong […]