China Economic ReviewTikTok owner ByteDance has embarked on a new share option buy-back programme allowing employees to offload holdings, even as it faces intensified political backlash overseas, according to two people familiar with the matter, reports the South China Morning Post. The privately-held company’s latest stock repurchase offer of $155 per share, which is at par with […]
China is wooing foreign investors to bolster an economy battered by three years of strict COVID-19 controls, with local authorities leading the charge with charm offensives both at home and abroad, reports Nikkei Asia. Shanghai plans to hold more than 100 events in 2023 to attract capital from overseas. At one such conference on April […]
Tesla will not occupy a booth at China’s largest annual autoshow to be held next week in Shanghai, according to plans published by the event’s organisers, reports Reuters. The financial hub is set to host Auto Shanghai between April 18-27. It is Asia’s largest auto show where brands from BYD to Volkswagen are expected to […]
Spring has arrived for the world’s largest video gaming market with a “normal pipeline” resuming for the launch of new games as Beijing continues to ease its industry crackdown, analysts say, reports the South China Morning Post. Leading Chinese video game companies Tencent Holdings, NetEase and miHoYo, have started to test and launch at least […]
China’s new home prices rose in March at the fastest pace in 21 months, official data showed on Saturday, suggesting the market is out of the doldrums amid a flurry of support policies, but there is uncertainty on the strength of the momentum, reports Reuters. New home prices in March edged up 0.5% month-on-month after […]