Latest Shanghai News
Stock market today: Asian stocks are mixed after Wall Street edges to more records
HONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. U.S. futures were mixed and oil prices were little changed. Tokyo’s...
Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.
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
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
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
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
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
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
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
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
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. ...
