Page 4 - Iris Ouyang News Today

California’s parks department is offering grants intended to help city-dwellers get to nature, Biden has made good on some student debt promises but not others, and authentic Hong Kong dishes can be found at one beloved SGV cafe.

Coronavirus: Mindray’s Li Xiting eyes Top 3 spot among medical device makers as Covid-19 made him Singapore’s richest man illustration by Lau Ka-kuen When the World Health Organization (WHO) declared the coronavirus outbreak a global pandemic in March 2020, hospital directors in the United States and Europe knew exactly where they should look to replenish their supply of medical ventilators: Shenzhen Mindray Bio-Medical Electronics. Mindrays septuagenarian founder Li Xiting remembered rece...

Midea, China’s top home appliances maker, to expand overseas production as it eyes 10 per cent global market share Iris Ouyang iris.ouyang@scmp.com © SCMP Midea Group has interests ranging from robots and automation to property development and education, and ranked 307th in the Fortune Global 500 List last year. Photo: Iris Ouyang Midea Group, Chinas largest home appliances company, is expanding overseas production with new plants featuring enhanced automation as part of it...

Online brokerage platform Futu Holdings has launched a follow-on sale of new shares on Nasdaq to raise about US$1.9 billion, according to a person familiar with the transaction, as it seeks new funding to expand its margin financing business amid cutthroat competition. The brokerage, whose name means "path to wealth" in Chinese, offers online trading service of Hong Kong, Chinese and US stocks. It is selling 9.5 million American depositary shares, with an overallotment option to offer ...

China EV battery race: Tesla’s rivals join NIO in efforts to achieve 1,000km driving range on single charge target Daniel Ren in Shanghai ren.wei@scmp.com © SCMP A view of the electric car assembly at Xpeng’s factory in the Guangdong provincial city of Zhaoqing on November 19, 2020. Photo: Iris Ouyang Chinas electric car assemblers and battery producers are setting a new goalpost in their battle for supremacy in the worlds largest vehicle market: a driving range of up to ...

Xpeng’s US$1.98 billion credit line from state-owned banks suggests China is throwing weight behind leading electric vehicle firms Daniel Ren ren.wei@scmp.com © SCMP An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang Guangdong-based Xpeng Motors has been granted a 12.8 billion yuan (US$1.98 billion) credit line by Chinese state-owned banks. The company, one of three Chinese electric vehicle...

China’s second-half car sales defy global slump with 8 per cent gain, as buyers return to showrooms in world’s largest vehicle market Daniel Ren in Shanghai ren.wei@scmp.com © SCMP Customers thronged a Tesla showroom on Shibo Avenue in Shanghais Pudong district to check out the locally assembled Model Y on january 3, 2021. Photo: Daniel Ren Chinas car sales increased during the six months ended in December, as customers returned to showrooms amid a tentative recovery in c...

Futu Holdings plans to use Singapore as a foothold to expand in Southeast Asia, says founder Leaf Li Hua, who wants to replicate Charles Schwab’s success.

Posted : 2020-12-22 15:40 Updated : 2020-12-22 17:12 US-China trade frictions and lingering Covid-19 fallout put sentiment in check in an otherwise bullish quarter for global stock market. South China Morning Post By Iris Ouyang Hong Kong stocks fell by the most in two weeks as frictions between the US and China escalated with more Chinese companies put on a trade blacklist and the coronavirus pandemic worsened in Europe. The Hang Seng Index slipped 0.7 per cent to 26,306.68, trimming the adv...