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China’s Crystal Clear Chemical Skyrockets on Arrival of ASML Chip Lithography Sets Zhang Yushuo China’s Crystal Clear Chemical Skyrockets on Arrival of ASML Chip Lithography Sets (Yicai Global) Jan. 20 -- The roughly USD10 million worth of used lithography machinery Suzhou Crystal Clear Chemical bought four months ago to produce semiconductors has arrived, the company announced yesterday. Crystal Clear's shares [SHE:300655] closed 6.93 percent up at CNY36.67 (USD5.64) at the lunch break on the news. The Chinese producer of chemical materials for the electronics industry announced the p...

Covid Brings Boom to Chinese E-Commerce Overseas Warehouses Xu Huiyun Covid Brings Boom to Chinese E-Commerce Overseas Warehouses (Yicai Global) Dec. 23 -- China has exported ever more goods via cross-border e-commerce since the outbreak of the Covid-19 epidemic and the overseas warehouse business has taken off on this strong demand, a sector insider told Yicai Global. These storage facilities abroad are a key link in the transnational e-commerce business-to-consumer supply chain. Chinese sellers deliver goods to such warehouses using international logistics channels, take orders on their ...

Crypto Trading Platforms Crash After Bitcoin Crests USD20,000 Zhang Yushuo Crypto Trading Platforms Crash After Bitcoin Crests USD20,000 (Yicai Global) Dec. 18 -- Bitcoin’s price surpassed USD20,000 on Dec. 16 to hit a record high in its 11-year history. Individual investors are now thronging the cryptocurrency market, causing slowdowns or downtimes on many trading platforms, Securities Daily reported today. As Bitcoin rose 5 percent, traffic on trading platforms multiplied by a factor of 30, said Zhao Changpeng, chief executive of famed Malta-based crypto trading platform Binance, add...

SMIC’s Shares Dive After Co-CEO Is Said to Have Quit China’s Top Chipmaker Lai Shasha SMIC’s Shares Dive After Co-CEO Is Said to Have Quit China’s Top Chipmaker (Yicai Global) Dec. 16 -- Shares of Semiconductor Manufacturing International Corporation plunged following media reports that the co-chief executive at China’s top chipmaker has made an abrupt departure. SMIC’s shares [SHA: 688981] fell as much as 9.8 percent in Shanghai before closing 5.5 percent lower today at CNY55.20 (USD8.46) each, while its Hong-Kong listed stock [HKG: 0981] lost 4.9 percent to finish at HKD20.20...

China's Jilong Gold Mining to Pay USD108.9 Million for Ghana Mine Tang Shihua China's Jilong Gold Mining to Pay USD108.9 Million for Ghana Mine (Yicai Global) Dec. 16 -- Chifeng Jilong Gold Mining will invest USD108.9 million in cash to buy a gold mine in Ghana to rapidly boost its reserves of high-quality auriferous minerals and expand its international business, it announced today. Jilong Gold Mining’s wholly-owned Chijin International Hong Kong unit will take 100 percent of equity in Mensin Bibiani in southwestern Ghana from Australia’s Resolute Mining, Jilong said in a statement ye...