2 d. ago China is building the world’s most powerful hydropower system deep in the Himalayas. It remains shrouded in secrecy

China is building the world’s most powerful hydropower system deep in the Himalayas. It remains shrouded in secrecy  CNN

Politics

8 d. ago Should Opec worry? China joins US shale oil revolution with deep fracking breakthrough

China’s recent breakthroughs in fracking technology have the potential to usher in a new shale revolution that could solidify the country’s energy security and reshape the international oil order. That would see China join the United States, whose shale boom earlier this century enabled it to become the largest crude oil producer in the world. This fundamentally altered the international oil market, with significant impact on oil exporters, particularly members of the Organisation of the...

Politics

1 week ago China’s Deep Robotics raises US$70 million as sector draws more investors

Deep Robotics – one of the “Six Little Dragons” from Hangzhou, the capital of eastern Zhejiang province – on Tuesday said it had raised 500 million yuan (US$70 million) in fresh funding from a group of Chinese investors. According to the company’s statement, its latest round of financing was led by CMB International, China Asset Management and funds under state-owned telecommunications network operators China Telecom and China Unicom. Deep Robotics founder and CEO Zhu Qiuguo, who also serves as...

Economics

1 week ago China’s Deep Robotics raises US$70 million in fresh funds as sector draws more investors

Deep Robotics – one of the “Six Little Dragons” from Hangzhou, the capital of eastern Zhejiang province – on Tuesday said it had raised 500 million yuan (US$70 million) in fresh funding from a group of Chinese investors. According to the company’s statement, its latest round of financing was led by CMB International, China Asset Management and funds under state-owned telecommunications network operators China Telecom and China Unicom. Deep Robotics founder and CEO Zhu Qiuguo, who also serves as...

Economics

2 w. ago Trump's NASA pick to tell Congress about moon race with China, deep

Trump's NASA pick to tell Congress about moon race with China, deep-space ambition  Reuters

Politics

2 w. ago China tests deep sea trident telescope to trace cosmic neutrinos

China tests deep sea trident telescope to trace cosmic neutrinos  AnewZ

Politics

3 w. ago Meituan swings into loss in ‘milk tea’ subsidy war with instant commerce rivals

China’s food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding’s instant commerce business eroded margins and kept revenue growth modest. The Beijing-based company on Friday reported revenue of 95.5 billion yuan (US$13.3 billion) for the three months to September, up 2 per cent year on year, missing analysts' estimates of 97.5 billion yuan. However, it booked an operating loss of 19.8 billion yuan, compared with a 13.7 billion yuan operating...

Events

3 w. ago China’s mega dredger joins ranks of the world’s largest after passing sea trials

China has boosted its strategic capacity from land reclamation to deep-sea mining and pipelines, with the successful completion of sea trials for Asia’s largest trailing suction hopper dredger (TSHD). The Tongjun – China’s first domestically designed super dredger – completed its five days of testing in the Yellow Sea off the northeastern Chinese coast on Tuesday, three months after its launch, according to state news agency Xinhua. With a hopper capacity of more than 38,000 cubic metres (1.3...

Politics

3 w. ago China’s UBTech Robotics eyes US$400 million in Hong Kong share placement

UBTech Robotics, one of China’s top makers of humanoid robots, plans to raise HK$3.11 billion (US$399.6 million) through a share placement in Hong Kong – its sixth and largest such fundraising since last year, riding on growing industrial orders and the sector’s momentum. The Shenzhen-based company aimed to sell 31,468,000 new shares for HK$98.80 each, representing a discount of around 11.4 per cent from the closing price on Monday, according to a filing to the Hong Kong stock exchange on...

Economics

4 w. ago Malaysia suspends funding for football association over documentation scandal

Malaysia’s embattled football association has been plunged deeper into crisis after the government suspended fresh funding over a document-forgery scandal that has embarrassed the football-mad nation. Football’s governing body, Fifa, has issued fines and player bans and launched criminal complaints after it found the Football Association of Malaysia (FAM) had cheated by faking documents of seven foreign-born players. Two of the players scored in a victory over Vietnam in an Asian Cup qualifier...

Politics

4 w. ago China AI unicorn Moonshot raising fresh funds at $4 bln valuation

China AI unicorn Moonshot raising fresh funds at $4 bln valuation- WSJ  Investing.com

Politics

4 w. ago China’s Moonshot AI Raising Fresh Funds That Could Value It at About $4 Billion

China’s Moonshot AI Raising Fresh Funds That Could Value It at About $4 Billion  The Wall Street Journal

Economics