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Qualcomm said on Monday it had signed a deal with Apple to supply 5G chips until at least 2026, at a time when the iPhone maker faces increased challenges in China and looks to reinforce its supply chains elsewhere, reports the South China Morning Post. The deal extends a relationship worth billions of dollars to […]

Country Garden has secured approval from its creditors to extend the maturity of one more onshore bond by three years, two sources with knowledge of the matter said, as the cash-strapped Chinese developer scrambles to avoid a default, reports Reuters. Country Garden’s onshore creditors voted on Monday for proposals by the distressed developer to extend […]

Country Garden has won approval from its creditors to extend the repayments on six onshore bonds by three years, said two sources familiar with the matter, reports Reuters. Onshore creditors voted on Monday for proposals by the distressed developer to extend repayments on eight onshore bonds worth RMB 10.8 billion ($1.48 billion) by three years. […]

Chinese ride-hailing giant Didi Global posted a 52.6% jump in revenue and narrowed its losses in the second quarter, as the operator of the world’s largest mobility platform accelerated its recovery after the firm’s main app returned online and new user registrations were resumed in January, reports the South China Morning Post. Beijing-based Didi’s revenue reached […]

Just 14% of the directors serving on the boards of the 100 most valuable Chinese companies listed on the Shanghai and Shenzhen stock exchanges are female, a report from a regional corporate governance body said, reports the South China Morning Post. State-owned enterprises (SOEs) had a lower rate of female directors than their private sector counterparts, […]