Latest Shanghai News
China-born Zhou Guanyu will be a star regardless of who wins the F1 race in Shanghai
SHANGHAI (AP) — Formula 1 returns to China this weekend after a five-year absence. And no matter who wins on Sunday, the star locally will be China-born driver Zhou Guanyu. Despite his so-so results, Zhou is being promoted as a celebrity in China. He’s the subject of a new film...
Germany's Scholz calls for fair competition and warns against dumping during China visit
BEIJING (AP) — German Chancellor Olaf Scholz called for fair competition in trade relations with China while warning about dumping and overproduction as he spoke to students in Shanghai on Monday. Scholz is visiting China against the background of looming EU tariffs on Chinese-made...
Stock market today: Wall Street slips as bond yields jump on surprisingly strong manufacturing data
NEW YORK (AP) — Most U.S. stocks slipped Monday after a surprisingly strong report on U.S. manufacturing cast doubts on how much interest rates can ease this year. The S&P 500 dipped 10.58 points, or 0.2%, from its all-time high to finish at 5,243.77. The Dow Jones Industrial...
Noah: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Noah Holdings Ltd. (NOAH) on Tuesday reported profit of $30.5 million in its fourth quarter. The Shanghai-based company said it had profit of 44 cents per share. Earnings, adjusted for non-recurring costs, came to 47 cents per share. ...
GDS Holdings: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Tuesday reported a loss of $445.9 million in its fourth quarter. On a per-share basis, the Shanghai-based company said it had a loss of $2.44. Losses, adjusted for asset impairment costs, came to 62 cents per share. ...
China releases South Korean soccer star after a nearly 1-year detention over bribery suspicions
SEOUL, South Korea (AP) — A star South Korean soccer player who was detained and investigated in China for nearly a year over bribery allegations has been released and returned home, Seoul’s Foreign Ministry said Monday. Son Jun-ho, a former member of the South Korean national...
Stock market today: Asian shares slip after another Wall Street record day
BANGKOK (AP) — Stocks were mostly lower Friday in Asia after Wall Street tapped fresh records, led by big gains in chipmakers. Japan’s Nikkei 225 topped 41,000 for the first time early Friday but then fell back, trading 0.1% lower at 40,763.88. Chinese property...
111: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — 111 Inc. (YI) on Thursday reported a loss of $29.6 million in its fourth quarter. The Shanghai-based company said it had a loss of 34 cents per share. The Operator of a digital and mobile healthcare platform in China posted revenue...
H World Group: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — H World Group Limited (HTHT) on Wednesday reported earnings of $105 million in its fourth quarter. On a per-share basis, the Shanghai-based company said it had net income of 33 cents. The hotel operator posted revenue of $786 million...
FinVolution: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — FinVolution Group (FINV) on Monday reported profit of $73.9 million in its fourth quarter. On a per-share basis, the Shanghai-based company said it had net income of 27 cents. Earnings, adjusted for non-recurring costs, were 29 cents per share. ...
