Latest Shanghai News

Trip.com: Q1 Earnings Snapshot

Jun. 07, 2023 18:21 PM EDT

SHANGHAI (AP) — SHANGHAI (AP) — Trip.com Group Limited (TCOM) on Wednesday reported profit of $491 million in its first quarter. On a per-share basis, the Shanghai-based company said it had profit of 73 cents. Earnings, adjusted for non-recurring gains, were 45 cents per share. ...

Son Jun-ho selected for South Korean soccer team despite being detained in China

Jun. 06, 2023 03:35 AM EDT

SEOUL, South Korea (AP) — The selection of Son Jun-ho despite his detention in China took the focus off Premier League star Son Heung-min for once when South Korea’s soccer roster was unveiled. Son Jun-ho, who plays for Shandong Taishan and won the 2021 Chinese championship with...

Stock market today: Asian stocks follow Wall St up after strong US jobs report

Jun. 05, 2023 00:47 AM EDT

BEIJING (AP) — Asian stocks followed Wall Street higher on Monday after strong U.S. hiring data coupled with scant wage gains suggested a possible recession might be further away, but also that inflationary pressures are weakening. Tokyo's benchmark gained almost 2%. Shanghai, Hong...

Bilibili: Q1 Earnings Snapshot

Jun. 01, 2023 06:16 AM EDT

SHANGHAI (AP) — SHANGHAI (AP) — Bilibili Inc. (BILI) on Thursday reported a loss of $91.7 million in its first quarter. On a per-share basis, the Shanghai-based company said it had a loss of 22 cents. Losses, adjusted for non-recurring gains, came to 37 cents per share. ...

Noah: Q1 Earnings Snapshot

May. 30, 2023 17:17 PM EDT

SHANGHAI (AP) — SHANGHAI (AP) — Noah Holdings Ltd. (NOAH) on Tuesday reported earnings of $35.6 million in its first quarter. The Shanghai-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring gains, were 50 cents per share. ...

Huazhu Group: Q1 Earnings Snapshot

May. 30, 2023 05:07 AM EDT

SHANGHAI 201103, China (AP) — Huazhu Group Limited (HTHT) on Monday reported profit of $144 million in its first quarter. On a per-share basis, the Shanghai 201103, China-based company said it had profit of 44 cents. The hotel operator posted revenue of $652 million...

Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies

May. 27, 2023 00:16 AM EDT

It's among the world's busiest container shipping routes — a stream of vessels packed with furniture, automobiles, clothing and other goods, traversing the Pacific between Los Angeles and Shanghai. If plans succeed, this corridor will become a showcase for slashing planet-warming...

GDS Holdings: Q1 Earnings Snapshot

May. 25, 2023 07:18 AM EDT

SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Thursday reported a loss of $69.4 million in its first quarter. On a per-share basis, the Shanghai-based company said it had a loss of 40 cents. The company posted revenue of $350.8 million in the...

Stock market today: Asian stocks slide as debt worries mount

May. 24, 2023 00:44 AM EDT

BEIJING (AP) — Asian stock markets slid Wednesday as the U.S. government crept closer to a potentially disruptive default on its debt. Tokyo's main market index lost more than 1%. Shanghai, Hong Kong and Seoul also declined. Wall Street's benchmark S&P 500 index...

Asian stocks follow Wall St higher on hopes for US debt deal

May. 18, 2023 00:31 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher on Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices edged lower. Wall...