A Shanghai-based health care services unit of insurance giant Ping An Insurance, Ping An Healthcare and Technology, reported an over 300% increase in losses for the first half of 2021 on Tuesday, reports the South China Morning Post. The company, formerly known as Ping An Good Doctor, said strategic investments aimed at growing market share […]
Category:
A revival in talks between Chinese government officials and a group of Wall Street veterans is expected before the end of this year, as the latter look for increased access to the country, reports Bloomberg. Barrick Gold Chairman John Thornton, who is also a veteran of Goldman Sachs Group, is in Beijing meeting with high-ranking […]
Short video app TikTok, owned by Chinese tech giant ByteDance, is increasing its online retail presence through a partnership with Canadian e-commerce firm Shopify, reports the South China Morning Post. The collaboration will allow US and UK users to buy directly through the app. Shopify merchants with a TikTok For Business account will soon be […]
Pinduoduo, the Chinese e-commerce giant, announced on Tuesday that it would donate $1.5 billion in future profits to charity, leading to shares in the company rising by over one-fifth, reports the Financial Times. The announcement came after Pinduoduo posted its first quarterly profit since its initial public offering three years ago. According to the FT, […]
China’s blacklisted telecom company Huawei has had license applications to buy chips for its developing auto component business approved by US officials, two Reuters sources familiar with the matter said. The licenses are purportedly worth hundreds of millions of dollars. Huawei, the world’s largest telecommunications equipment maker, has been hobbled by trade restrictions imposed by the […]