Latest Shanghai News

Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street

Sep. 21, 2023 23:44 PM EDT

Asian shares were mixed on Friday after another slump on Wall Street driven by expectations that U.S. interest rates will stay high well into next year. Hong Kong and Shanghai advanced while Tokyo, Seoul and Sydney declined. U.S. futures edged higher and oil prices rose. ...

Trip.com: Q2 Earnings Snapshot

Sep. 05, 2023 05:34 AM EDT

SHANGHAI (AP) — SHANGHAI (AP) — Trip.com Group Limited (TCOM) on Monday reported second-quarter profit of $89 million. On a per-share basis, the Shanghai-based company said it had profit of 13 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 70...

Stock market today: Asian shares trade mixed ahead of a key US jobs report

Aug. 31, 2023 23:47 PM EDT

TOKYO (AP) — Asian shares were trading mixed Friday as investors looked toward a United States jobs report being released later in the day. Japan's benchmark Nikkei 225 rose 0.6% in morning trading to 32,820.80. Australia's S&P/ASX 200 slipped 0.4% to 7,278.30. South Korea's...

US commerce secretary warns China will be 'uninvestable' without action on raids, fines

Aug. 30, 2023 18:03 PM EDT

SHANGHAI (AP) — Commerce Secretary Gina Raimondo on Wednesday said she warned Chinese leaders that U.S. businesses might stop investing in their country without prompt action to address complaints about worsening conditions due to raids on firms, unexplained fines and unpredictable official...

FinVolution: Q2 Earnings Snapshot

Aug. 28, 2023 18:14 PM EDT

SHANGHAI (AP) — SHANGHAI (AP) — FinVolution Group (FINV) on Monday reported profit of $76.5 million in its second 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 28 cents per share. ...

Noah: Q2 Earnings Snapshot

Aug. 28, 2023 17:25 PM EDT

SHANGHAI (AP) — SHANGHAI (AP) — Noah Holdings Ltd. (NOAH) on Monday reported net income of $43.5 million in its second quarter. The Shanghai-based company said it had profit of 63 cents per share. Earnings, adjusted for non-recurring gains, came to 62 cents per share. ...

Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties

Aug. 27, 2023 10:05 AM EDT

WASHINGTON (AP) — Commerce Secretary Gina Raimondo is the latest member of President Joe Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world's two largest economies. She promises to be “practical” without compromising the U.S. push to...

H World Group: Q2 Earnings Snapshot

Aug. 24, 2023 06:30 AM EDT

SHANGHAI (AP) — SHANGHAI (AP) — H World Group Limited (HTHT) on Thursday reported earnings of $138 million in its second quarter. On a per-share basis, the Shanghai-based company said it had net income of 43 cents. The hotel operator posted revenue of $762 million...

111: Q2 Earnings Snapshot

Aug. 24, 2023 05:11 AM EDT

SHANGHAI (AP) — SHANGHAI (AP) — 111 Inc. (YI) on Thursday reported a loss of $7.9 million in its second quarter. On a per-share basis, the Shanghai-based company said it had a loss of 10 cents. The Operator of a digital and mobile healthcare platform in China...

GDS Holdings: Q2 Earnings Snapshot

Aug. 22, 2023 11:11 AM EDT

SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Tuesday reported a loss of $31.2 million in its second quarter. On a per-share basis, the Shanghai-based company said it had a loss of 18 cents. The results exceeded Wall Street expectations. The average...