Singapore's Temasek cuts Didi Global, bulks up stake in JD.com as portfolio shrinks by US$10 billion in 2022
Temasek shrank its overall portfolio by more than US$10 billion in 2022, the biggest annual drop since 2006.
Source: scmp.com
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Smart cars set to drive auto industry's development
In summer last year, Sun Congjun replaced his 2012 Mercedes C200 with an electric Xpeng P7.
Source: chinadaily.com.cn
End of zero-Covid policy, better Sino-US relations signal a good year ahead for Chinese stocks
For the first time in a long while, most of the critical factors needed to turn around Chinese stocks’ fortunes are aligned and changing for the better. Some longer-term challenges remain, but there have been improvements in macroeconomic conditions, government policy and US-China relations.
Source: scmp.com
Cars for Rent and Drivers for Hire During CNY 2023
Some alternative ride hailing options as wait times increase and Didi raises its prices for the holiday.
Source: thebeijinger.com
China's Transport Ministry denies connection to new transportation platform: reports
China’s Ministry of Transport (MOT) has said that it has nothing to do with a new transport platform called Qiangguo Jiaotong, according to media reports on Thursday, as the new app sparked widespread attention online.
Source: globaltimes.cn