Latest Shanghai News
EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai
BEIJING (AP) — Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday. The $200 million plant in Shanghai’s Lingang pilot free trade zone will be the first Tesla battery...
Bilibili: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Bilibili Inc. (BILI) on Thursday reported a loss of $104.5 million in its first quarter. The Shanghai-based company said it had a loss of 25 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 15 cents per...
111: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — 111 Inc. (YI) on Thursday reported a loss of $1.9 million in its first quarter. The Shanghai-based company said it had a loss of 2 cents per share. The Operator of a digital and mobile healthcare platform in China posted revenue of...
GDS Holdings: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Wednesday reported a loss of $47.9 million in its first quarter. On a per-share basis, the Shanghai-based company said it had a loss of 27 cents. The results surpassed Wall Street expectations. The...
A citizen journalist imprisoned for 'provoking trouble' by reporting on COVID in China is released
BANGKOK (AP) — Zhang Zhan, a citizen journalist, was released from prison after serving four years for charges related to reporting on the COVID-19 outbreak in Wuhan, China, according to a video statement she released Tuesday, eight days after her sentence ended, though there are concerns about...
ZKH Group: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — ZKH Group (ZKH) on Tuesday reported a loss of $12.6 million in its first quarter. On a per-share basis, the Shanghai-based company said it had a loss of 8 cents. Losses, adjusted for stock option expense, were 4 cents per share. The...
H World Group: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — H World Group Limited (HTHT) on Friday reported earnings of $91 million in its first quarter. The Shanghai-based company said it had profit of 29 cents per share. The hotel operator posted revenue of $731 million in the period. ...
FinVolution: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — FinVolution Group (FINV) on Wednesday reported net income of $73.1 million in its first quarter. The Shanghai-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring costs, were 29 cents per share. ...
A knife attack at a Chinese hospital kills 2 people and injures 21. The motive is unclear
BEIJING (AP) — A knife attack at a hospital in southwestern China on Tuesday killed two people and injured 21 others, authorities said. No motive was given for the attack at Zhenxiong County People’s Hospital in Yunnan province. The suspect is a male from a village in the same...
Chinese scientist who first published COVID sequence stages protest after being locked out of lab
SHANGHAI (AP) — The first scientist to publish a sequence of the COVID-19 virus in China staged a sit-in protest outside his lab after authorities locked him out of the facility — a sign of Beijing's continuing pressure on scientists conducting research on the coronavirus. Zhang...
