36 h. ago Chinese EV maker Nio eyes US$1.1 billion in proceeds from share placement

Chinese electric vehicle (EV) maker Nio plans to raise more than US$1 billion in fresh funds with a share sale to enhance its development and replenish capital amid a price war. In a statement on Wednesday, the Shanghai-based carmaker said 181.8 million new shares would be issued, which would be allocated between its American depositary shares (ADS) and its ordinary stock. Nio is listed in the US, Hong Kong and Singapore. Investors can subscribe to the ADS, to be traded on the New York Stock...

Economics

66 h. ago Baidu issues US$618 million dim sum bond amid tough competition

Chinese search engine giant Baidu will issue a 4.4 billion yuan (US$618 million) dim sum bond aimed at securing lower financing costs and operational flexibility amid an aggressive artificial intelligence expansion. The bond carries an annual coupon of 1.9 per cent and will mature in 2029. Baidu priced the bond on Tuesday, with the offering expected to close on or about September 15, 2029. It is the second dim sum bond – denominated in yuan and issued outside mainland China – that the company...

Economics

3 d. ago China’s top flash memory maker YMTC creates US$3 billion chip venture

Yangtze Memory Technologies Co (YMTC), China’s top flash memory maker, has established a US$3 billion venture in its home city of Wuhan, capital of central Hubei province, as the company doubles down on next-generation NAND chips. The new venture, led by YMTC chairman Chen Nanxiang, was incorporated last week with a registered capital of 20.7 billion yuan (US$2.9 billion), according to information from Chinese corporate data provider Qichacha. YMTC held a 50.2 per cent stake in the venture,...

Economics

3 d. ago Chinese robotics leader Unitree Robotics preps for $7 billion IPO in China

Chinese robotics leader Unitree Robotics preps for $7 billion IPO in China  Seeking Alpha

Economics

3 d. ago Exclusive: Chinese robotics firm Unitree eyeing $7 billion IPO valuation, sources say

Exclusive: Chinese robotics firm Unitree eyeing $7 billion IPO valuation, sources say  Reuters

Economics

4 d. ago House China Committee report reveals billions in US taxpayer funds aided Chinese military

House China Committee report reveals billions in US taxpayer funds aided Chinese military-linked research  Tribune India

Economics

9 d. ago Margin buying of Chinese stocks sets record at US$320 billion

Mainland stock traders boosted their leveraged bets to an all-time high, adding fuel to a liquidity-driven rally that catapulted a key benchmark to its highest point in a decade last month. The outstanding value of the shares bought with borrowed money rose to 2.28 trillion yuan (US$319.2 billion) on the mainland’s exchanges on Monday, according to data from China Securities Finance and Bloomberg. That surpassed the previous high of 2.27 trillion yuan set on June 18, just before a quick...

Economics

1 week ago Chinese humanoid robot maker UBTech gets US$1 billion funding boost

UBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from a Hong Kong investment firm to finance its production expansion, including a joint venture in the Middle East. The Hong Kong-listed company said in an exchange filing on Sunday it would receive funding from Infini Capital, an investment conglomerate headquartered in Hong Kong and Abu Dhabi. The support would come through share allocations, convertible bonds and expedited...

Economics

1 week ago Beijing oversees $109 billion in deals as regional Chinese antitrust hub

Beijing oversees $109 billion in deals as regional Chinese antitrust hub  MLex

Economics

1 week ago Bain Is Said to Draw Chinese Bidders for $4 Billion Data Centers

Bain Is Said to Draw Chinese Bidders for $4 Billion Data Centers  Bloomberg.com

Economics

3 w. ago DHS expands forced labor import ban to steel, lithium, blocks billions in Chinese goods

DHS expands forced labor import ban to steel, lithium, blocks billions in Chinese goods  Fox Business

Politics

4 w. ago Sino Land wins Tuen Mun land tender with HK$1 billion bid as market improves

Sino Land has won a residential site tender in Tuen Mun for HK$1.09 billion, beating major Hong Kong and mainland Chinese developers – including CK Asset Holdings, Kerry Properties and China Overseas Land & Investment – as the city’s housing market shows early signs of recovery. The transaction, which marked the Hong Kong government’s first residential plot sale this financial year, involved a site at Hoi Chu Road in Tuen Mun, a district in proximity to Shenzhen Bay. “The sought-after site...

Economics