Latest Shanghai News
Noah: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Noah Holdings Ltd. (NOAH) on Monday reported earnings of $20.3 million in its fourth quarter. The Shanghai-based company said it had net income of 29 cents per share. Earnings, adjusted for non-recurring costs, came to 31 cents per share. ...
Huazhu Group: Q4 Earnings Snapshot
SHANGHAI 201103, China (AP) — Huazhu Group Limited (HTHT) on Monday reported a loss of $19 million in its fourth quarter. The Shanghai 201103, China-based company said it had a loss of 6 cents per share. The hotel operator posted revenue of $537 million in the...
Ignoring experts, China's sudden zero-COVID exit cost lives
BEIJING (AP) — When China suddenly scrapped onerous zero-COVID measures in December, the country wasn’t ready for a massive onslaught of cases. Hospitals turned away ambulances, crematoriums burned bodies around the clock, and relatives hauled dead loved ones to warehouses for lack of storage...
111: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — 111 Inc. (YI) on Thursday reported a loss of $16.6 million in its fourth quarter. On a per-share basis, the Shanghai-based company said it had a loss of 20 cents. The Operator of a digital and mobile healthcare platform in China...
Asian stocks rise ahead of Fed's next interest rate decision
BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks. Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. Oil prices...
GDS Holdings: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Wednesday reported a loss of $26.2 million in its fourth quarter. On a per-share basis, the Shanghai-based company said it had a loss of 16 cents. The results beat Wall Street expectations. The average...
FinVolution: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — FinVolution Group (FINV) on Tuesday reported fourth-quarter net income of $80 million, after reporting a loss in the same period a year earlier. The Shanghai-based company said it had net income of 28 cents per share. Earnings, adjusted for...
China names Li Qiang premier nominally in charge of economy
BEIJING (AP) — China on Saturday named Li Qiang, a close confidant of top leader Xi Jinping, as the country’s next premier nominally in charge of the world’s second-largest economy now facing some of its worst prospects in years. Li was nominated by Xi and appointed to the...
Loyal and experienced, China's other top leaders take posts
TAIPEI, Taiwan (AP) — With Chinese leader Xi Jinping receiving a norms-breaking third five-year term as president on Friday, the other six men who serve with him on the ruling Communist Party’s all-powerful Politburo Standing Committee are beginning to take up their new portfolios. ...
Will China's next premier be a moderating influence on Xi?
HONG KONG (AP) — The pro-business track record of the man poised to become China’s top economic official will make his term a test of whether he might moderate President Xi Jinping ’s tendency to intervene. Li Qiang, 63, who is expected to be chosen China’s premier on...
