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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. Mindray's septuagenarian founder Li Xiting remembered receiving one phone call after another from ambassadors and diplomatic missions in China, all wanting h...
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, China's largest home appliances company, is expanding overseas production with new plants featuring enhanced automation as part of its ambition to corner around 10 per cent of the global market within five years, according to a top ...
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 another to 1.43 million shares to meet strong investors demand. The final offer price will be determ...
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 China's electric car assemblers and battery producers are setting a new goalpost in their battle for supremacy in the world's largest vehicle market: a driving range of up to 1,000 kilometres (621 miles) on a single charge. Their new weapon is the solid-state battery, deem...