Latest Shanghai News
2 people reported dead in China as Typhoon Bebinca is downgraded to a tropical storm
BEIJING (AP) — Two people died in China’s eastern Jiangsu province as Typhoon Bebinca brought torrential rains and powerful winds before easing into a tropical storm, state media reported Tuesday. Two residents of Zhoushi Town, about 80 kilometers (31 miles) northwest of...
Strongest typhoon since 1949 hits Shanghai and knocks out power to some homes
TAIPEI, Taiwan (AP) — The strongest typhoon to hit Shanghai since at least 1949 flooded roads with water and broken tree branches, knocked out power to some homes and injured at least one person as it swept over the financial hub Monday. More than 414,000 people had been evacuated...
Shanghai cancels hundreds of flights as Typhoon Bebinca draws near
BANGKOK (AP) — Shanghai's airports were canceling hundreds of flights Sunday as they brace for impact from Typhoon Bebinca, which is due to make landfall in the early hours of Monday morning, the authorities said. Flights past 8 p.m. local time will be canceled at Hongqiao and...
US companies see record-low profits in China amid geopolitical tensions and slow growth, report says
HONG KONG (AP) — American companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy, according to a report published Thursday by a U.S. business group. Out of 306 companies polled, a...
111: Q2 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — 111 Inc. (YI) on Thursday reported a loss of $1.9 million in its second quarter. On a per-share basis, the Shanghai-based company said it had a loss of 2 cents. The Operator of a digital and mobile healthcare platform in China posted...
Noah: Q2 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Noah Holdings Ltd. (NOAH) on Wednesday reported profit of $13.7 million in its second quarter. The Shanghai-based company said it had net income of 20 cents per share. Earnings, adjusted for non-recurring costs, came to 21 cents per share. ...
Daqo: Q2 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Daqo New Energy Corp. (DQ) on Monday reported a loss of $119.8 million in its second quarter. The Shanghai-based company said it had a loss of $1.81 per share. The solar panel parts maker posted revenue of $219.9 million in the...
Searchers dig in muddy swamp near Bangkok where plane carrying 5 Chinese tourists, 4 Thais crashed
BANGKOK (AP) — Searchers dug into the mud of a flooded mangrove swamp outside Bangkok on Friday for plane fragments and the remains of the five Chinese passengers and four Thai flight crew members believed killed in a crash shortly after takeoff. Around 300 officers and rescue...
GDS Holdings: Q2 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Wednesday reported a loss of $31.1 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...
FinVolution: Q2 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — FinVolution Group (FINV) on Tuesday reported net income of $75.8 million in its second quarter. On a per-share basis, the Shanghai-based company said it had net income of 28 cents. Earnings, adjusted for non-recurring costs, came to 30 cents per...
