Latest Shanghai News

Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.

May. 31, 2024 00:16 AM EDT

Asian shares were higher on Friday as investors shrugged off yet another decline on Wall Street, while an official survey showed a weakening in Chinese factory activity. Tokyo's Nikkei 225 added 0.2% to 38,119.96 and the Kospi in Seoul gained 0.4% to 2,646.44. Chinese...

Noah: Q1 Earnings Snapshot

May. 29, 2024 17:09 PM EDT

SHANGHAI (AP) — SHANGHAI (AP) — Noah Holdings Ltd. (NOAH) on Wednesday reported net income of $18.2 million in its first quarter. The Shanghai-based company said it had net income of 26 cents per share. Earnings, adjusted for non-recurring costs, were 32 cents per share. ...

EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai

May. 23, 2024 06:30 AM EDT

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

May. 23, 2024 06:14 AM EDT

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

May. 23, 2024 05:22 AM EDT

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

May. 22, 2024 07:24 AM EDT

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

May. 22, 2024 03:07 AM EDT

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

May. 21, 2024 06:13 AM EDT

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

May. 17, 2024 06:23 AM EDT

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

May. 15, 2024 18:58 PM EDT

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. ...